At the end of this book i realized after a long period of thoughtfulness and i went into the wilderness. Is that america goes through these divisive periods roughly every 40 years. Why . We are a very dynamic country. Socially, economically. We are constantly reinventing ourselves. Not just as individuals but as a nation and government by its nature, its a status quo institution. This is how weve always done things. We will do things the same way again. Its people will then gets dark. America is set up to have these revolutions. Political revolutions. We had one in the beginning but ever since then, weve mostly had the revolutions that have played out and thats what we are in the middle of now. One of the things you said in the beginning of your book. You said without definitions, we are talking past each other or more likely just screaming at each other. Before we spoke, we had a conversation about the idea we can have constructive dialogue across the aisle. Which might make for good
Washington and we the people. Im going to get right into the idea of revolution. You say in the book america has been through divisive. Before, some worse than the ones were iwe are in today with the hindsight of history can see them as Inflection Points, the transitional period between the old system that is broken down and a new one so largely. Are we in an Inflection Point . Guest absolutely. We are in the middle. The best example is in 2016 in the republican primaries there was a real civil war that the Establishment Republicans represented by jeb bush and others didnt get the nomination, didnt get the support of the American People. It was the revolutionary donald trump. The democrats are going through the same thing right now they are having a civil war in their party but is it going to be the traditional democrats, is it going to be some outsider, is it going to be a socialist but that is indicative of the fact washington doesnt work. It hasnt kept up with the country and i gues
Kathleen youre watching daybreak a show coming live from new york and hong kong. Haidi we are counting town to asias major market opens. The top stories, asian stocks to start the week under pressure following mixed signals in fridays jobs report. Inflation pressure from the u. S. And china. Will prices are nearing highs for the year after six straight weeks of that. Saudi arabia extending as his Prime Minister says he will not pursue the judicial overhaul. Annabelle asian stocks are starting the week under pressure and we see futures to a weaker start. We are one hour out from the open in sydney and tokyo. Looking at key events on the horizon the u. S. Rally evaporated at the end of last week. We will have more on that in a moment but in asia key events include Consumer Prices data from china on wednesday. We could see deflation taking hold officially in the country and other factors as well. Japan has got the boj releasing the summary of meeting minutes. Investors will be passing ove
Watching daybreak asia coming to you live from new york, sydney and hong kong. Counting down to the major market opens in asia. Australia hasjt opened for trade, the top stories this hour, traders on edge ahead of a job support that might set the tone for the november meeting. The sec is feet seeking to force elon musk to answer further cushions about twitter shells after shares after failing to show up as reflected requested. And jim makes a six wage offer as the strike heads for a fourth week. We have the open of the asx 200 here, and sherry has breaking news around peru. We will watching peru cutting the reference rate to 7. 2 5 from 7. 5 . This is the second straight month that we are seeing this cut from the central bank and peru. Improve. Theyre very high given inflationary pressures in the country but we are starting to see more and more Central Banks across latin america start to cut, including brazil, and mexico. And now peru is cutting for a second straight month given that t
Shery you are watching daybreak asia coming live from hong kong that sydney. Annabelle were couni down to asias major market opens. Pa top stories this hour, asian shares falling as hawkish fred messaging intensifies. The trade the yen trading closer to 150. Two the dollar j. P. Morgans ceo lays out his geopolitical risks in our exclusive interview. If you go to 7 the answer is yes, are there factors that will drive it higher than where it is today, talking about the 10 year bond, now, yes. Paul investors are looking past teslas thirdquarter delivery miss as analysts maintain a bullish outlook. Anabelle thanks, paul. We are about to open. We will keep watching that as we get into the final, first few moments of trading. The direction of equities, are going to be determined by what happens in the bond space. In wall street session we will get to the details. Still, this selloff really starting to intensify here. Equities on course for some sort of correction. The 10 year yield trading a