You cant trade this stuff right now. Fundamentally, i dont think it centers a whole lot around he policy war. You almost have to ignore it and keep investing the way you would. We are focused on the fed, we are focused on the underlying fundamentals. For me, trade is the big thing. Tariffs. The trade deal with china, the negative Interest Rates affecting the markets. What the market is focusing on still, they would like to see some sort of resolution on trade. That will be important. Jonathan joining me around the table in new york city is george rusnak, Michael Collins, plus Luke Hickmore. Luke, i want to begin with you, it is something ive heard all week. I want to focus on the policy and not the politics. It hasnt stopped anybody trying to work out what the politics means for policy. Have you been thinking about hat this week . Luke the thing that worries me is our experience of politics over here in the u. K. Is, the messier they get, the more risk it puts in the general economy. W
Captioning performed by vitac by those we regulate, and of course, by this committee and congress. Whether were making changes to the staffs longstanding review process for shareholder proposals, assessing the duties of Investment Advisers or considering how to strengthen company disclosures, we must be fair and transparent about the policy choices we make and the data and information on which we rely on making those choices. I thank the committee for its oversight of these important issues. And i stand ready to answer your questions and listen carefully to your thoughts and concerns. Thank you. Commissioner lee. Chairman clayton you are now recognized. And i want to echo the thoughts of my colleagues on the opportunity we have to testify today and note that their testimony demonstrates the wide range of issues that the Commission Deals with every day. I want to thank this committee for your support of the commission and in particular the dedicated women and men who are our most import
The irish Prime Minister says a brexit deal before the october 31st deadline will be very difficult, well get the view from brussels live. And apple is the latest company to come underfire from china over Anti Government protests in hong kong. Well find out why. And the sweet smell of success. Well be getting the inside track on a business thats key to making sure you dont get that special person in your life the wrong perfume or cologne. Plus as we focus on the cost to carers worldwide wed like to hear from you, are you one of the millions of workers whove had to leave theirjob to care for a loved one . Tell us your story. Just use the hashtag bbcworklife. Hello and a warm welcome to our new Business Programme that tackles the issues affecting our work and the lives we lead. Today we begin with caring for the elderly, its a global issue with many of us leaving work to look after relatives and partners. A report out today reveals the economic impact. According to aviva, in the uk alone
Started while weve been here so its been a very fascinating busy time while weve been here but i want to turn to our 1st headline because this is a topic that you and i have been covering for and i know our guest coming up in the 2nd half this is his specialty negative Interest Rates are social political poison and this is from talk dot com and hes looking at a story out of germany from veldt Financial News and they say that the their articles called Interest Rate Business Model is dead the e. C. B. Will restart its Bond Purchase Program in november this time without a time limit thus the monetary authorities have permanently changed the long term Interest Rate at a low level and cut the profit opportunities of the Financial Sector to a level that is not sustainable for a long time institutions have made good money from the difference between long term and short term Interest Rates that time is now over bankers eat their young you know just like daddy bear old eat the little baby bear
Journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . You have been the commissioner since 2014, and you had spent 22 years at the nba offices before that. Before that, you were a graduate of the two best schools to go to in combination Duke University and the university of chicago law school, right . [laughter] adam which you happened to go to as well. David right. Right. So you cannot do any better than that. Lets start with the nba today and how it is doing. Honestly, since you have been commissioner, revenues are up. Ticket sales are up. The owners value of their teams is up by about three times. So are you adequately paid for the job youre doing, do you think . [laughter] david today, the nba seems to be at a peak. Right now, it is very popular all over the world. Why do you think it is th