Ellen yes, we are saying he is less like mussolini than the berlusconi. David former Prime Minister of italy. Ellen yes. Over the last 10 years, democracy has waned all over the world after it being on the upswing. If you look at freedoms, freedom is on the downswing as well. More and more, you see leaders describe him as having a blow torch manner. But leaders like trump who are a little bit more in that mold coming to the fore. David using the media in the way that berlusconi did. Ellen right. Right. And we talk about thailand and turkey, where you have leaders that maybe have been elected but then really act like david like autocratic, yeah. Carol people say, democracy has not made the situation that much better, so maybe they will try something different. Ellen exactly. It is sort about economic growth. The connection between democracy and economic growth, it feels like it is breaking down, even if you look longterm at the numbers. You find that the economy in the long term do bett
You are taking that argument apart this week. Ellen yes, we are saying he is less like mussolini than the former Prime Minister of italy. Over the last 10 years, democracy has waned all over the world after it being on the upswing. If you look at freedoms, freedom is on the downswing as well. More and more, you see leaders describe him as having a blow torch manner. Leaders like trump who are a little bit in that mold coming to the fore. David using the media in the way that berlusconi did. Ellen right. We talk about thailand and turkey, where you have leaders who have been elected and act like david like autocratic, yeah. Carol people say, democracy has not made the situation that much better, so maybe they will try something different. Ellen exactly. The connection between democracy and economic growth, it feels like it is breaking down, even if you look longterm at the numbers. The economy, longterm do better in democracies than totalitarian states. In the short term, people are not
To fascists of old. Ellen yes, we are saying he is less like mussolini than the former Prime Minister of italy. Over the last 10 years, democracy has waned all over the world after it being on the upswing. If you look at freedoms, freedom is on the downswing as well. More and more, you see leaders describe him as having a blow torch manner. Leaders like trump, coming to the fore. David using the media in the way that berlusconi did. Ellen right. We talk about thailand and turkey, where you have leaders who have been elected and act like david mike autocratic, yeah. Say, democracy has not made the situation that much better, so maybe they will try something different. Ellen exactly. The connection between democracy and growth, it feels like it is breaking down, even if you look longterm at the numbers. The economy, longterm do better in democracies than totalitarian states. In the short term, people are not making that connection. They are saying to elected officials, you promised us a
Cramer. You can see the dax, which is not having a great year is up. France and the ftse is down ever so slightly. 10year note yield and wti right at 50 bucks and brent a bit above that. The yield at 1. 854. Lets get to our road map this morning. It begins with more painful retail. Were going to break down all of the big earnings that are out this morning on that front. And is the ipo market back . There are Six Companies making their debut today. U. S. Foods we just mentioned here at the nyc, set to be the second largest initial Public Offering on the year. I think Mgm Properties will be the largest still. And what role will apple play in the future of television . The deal, i dont want to say it, were going to talk about this fun story. Its fun. Its never going to happen. Kim jong jim if you havent seen that one. I dont think of you as the fearless leader. No, and i havent spent a lot of time with Dennis Rodman either. Crude surpassed 50. Stock futures also up following on the gains
Commodity prices downs a well as concern over fall out from china continues. 11 million cars may be effected and the stock, its down another 20 this morning, volkswagen. And bank of America Votes on the roll of its chief executive. And that share holder meeting begins within the hour. Jim. What explains this turn round, because japans closed, asias been moderate overnight. I think most of the markets in a bear market. This kind of behavior should have happened yesterday. And somehow the market rallied. Its almost like it got the wake up a call that it shouldnt have rallied yesterday. I got to tell you the Justice Department and a Justice Department motivated to go after individuals. And last night, the ceo for u. S. In brooklyn, this is the test of the Justice Department. Listen, i agree, were going to talk volkswagen. This is one of the Largest Company of the world. And the largest market cap and that quasidwas during another that may have been illegal. And its not just china, althoug