Hello and welcome to cross talk were all Things Considered im Peter Lavelle the Economic System known as comfortable as in has generated more wealth than any other system in history in many ways it is defined maternity itself hundreds of millions have been lifted out of poverty however some has also witnessed growing income inequality the appeal of socialism currently on the rise. Talking capitalism im joined by my guest Geoffrey Tucker in new york he is editorial director for the American Institute for Economic Research in los angeles we have piii and he is an independent economic and geo political analyst former commodities trader and Strategic Planning advisor and in indianapolis we Cross Alexandra hudson she is an independent scholar writer consultant and speaker right across cycles in effect that means you can jump in anytime you want and i always appreciate go to pi 1st because i one of my rules on this program we always go to the person that got up early is that you got up reall
Across talking capitalism im joined by my guest Geoffrey Tucker in new york he is editorial director for the American Institute for Economic Research in los angeles we have piii and he is an independent economic and geo political analyst former commodities trader and Strategic Planning advisor and in indianapolis we Cross Alexandra hudson she is an independent scholar writer consultant and speaker or across cycles in effect that means you can jump in anytime you want and i always appreciate its go to pie 1st because i one of my rules on this program we always go to the person that got up early is that you got up really early for those programs on a very much appreciated by you know theres a lot of talk about how capitalism is. Performing and for home and we look at the generation x. We look at the middle millennial as we see the attraction of socialism in the polls so my question is very broad and its a very deep question at the same time as it is capitalism working if it is for whom g
From the United States for the f. B. I. Is investigating the shooting as a u. S. Naval base in the. Developments in the past. People are dead 8 others have been injured in this shooting began at the Pensacola Base when a Saudi Air Force officer apparently opened fire in one of the bases classrooms was then shot dead and it appears that now the f. B. I. Is on the scene and is conducting a terrorism investigation in coordination with the military about how this incident could have taken place. We are working with local Law Enforcement and with the f. B. I. Afterwards as i said the bases shut down will be shut down until further notice until we. Really understand the situation. Now the king of saudi arabia as apparently called donald trump thats what donald trump has announced in a tweet that he received a phone call from the king of saudi arabia expressing condolences for the shooting furthermore weve also from what we understand heard that the governor of florida is saying that the king
The world trade coming to an end. We have seen bond yields climb up. Have seen the u. S. 10 year moving out of the haven currencies and haven bonds. The yen seeing more weakness if you can call it suffering. That, bund futures seeing those yields go up as we see prices get sold off. Lets have a look at the first word news. Lets get to new york. We start with the reserve bank of australia. It is maintaining its glass thefull view, reiterating economy is emerging from a soft patch while also forecasting no acceleration in wage growth and inflation barely reach the bottom of its target. Growth oferly updated 2 , rising to 2. 75 by the end of 2020 and 3 in the year after. Embrace of virtual banks is going beyond its own shores. It says it wants to become a regional hub with advanced data expertise. Doing soauthority says will improve banking authorities at home. Managing director robbie menon says Southeast Asia presents a huge opportunity for virtual banks. We see some of these players be
Uncertainty on the phase one trade deal, and concern over escalating violence in hong kong dull markets. Conservative election candidates support the Prime Ministers brexit plan. The first headtohead latest debate takes place later tonight. Welcome to bloomberg daybreak . Rope 100 protesters surrounded by police in hong kong. We have learned the schools will be open wednesday after carrie lam says she wanted a peaceful to to the University End the university standoff. Seng isingly, the hang in the green. Other markets like japan declining. A number of reasons being put forward to that. Chinese funds be stepping into support that market. Rba minutes were taken quite devilishly by the markets, spurring rate cut bets. We did see dollar weakness after the meeting between President Trump and jay powell. U. S. Equities is what we saw. Still question the direction and possibility of a phase i deal. It slips another basis point. Crude on the back foot with concerns around rising stockpiles. Ge