How much not. I think the question of why President Trump seems to want a better relationship with russia is one most of us cannot answer. At the end of the day having better relations with russia is something that all of us should want, but at the same time the United States cannot sacrifice our values and principles in the pursuit of that relationship. I think what the administration has been finding out, like many administrations previously, is that it is fraud and difficult and the russians are not reliable partners so we have to find other ways for the things to get done without relying on shem as an ally in our attempt and desire to keep america safe. Host Alina Polyakova of the atlantic council, think you for joining us today. You can find more at atlanticcouncil. Org. You can find her on twitter. Thanks again. Rule allows new consumers to join classaction lawsuits against banks and Credit Card Companies. We will talk about what that means for consumers with New York Times and i
From bloombergs u. S. And asian headquarters. Im Ramy Inocencio in new york just after 7 00 a am. Yvonne it is just after 7 00 p. M. In hong kong. Im yvonne man. The tech earnings this week will be the big focus with alphabet kicking things off. Ramy i was trying to get ahold of what was moving the markets today but there really wasnt anything but it was earnings. Well get to that in a little bit. Yvonne yeah. It was good it seemed like, in line with expectations at google earnings but just not enough to really convince investors to get too excited about given the run we have seen on the stock already. Lets look at how things are playing out in the asia pacific. It was the Oil Companies that were in focus and kind of offset in tech yesterday. Flat day so far. To australia things could get a little more interesting. Oil being a bump higher overnight with the saudis promising deep cuts to crude exports next month. Shipments capped at 6. 6 Million Barrels a day as we see more analysts say
In europe things are in the red. The dax and cac are down 0. 6 . The ftse off by 0. 8 . Knitly, sto ly in italy, stocks are down about a percent. Right now the dollar is up against the euro which is trading at 1. 0874. Down against the yen. And crude oil has been weakening even as the dollar had been struggling with issues. Wpi down abo wti down by 1. 43 . Have we shown the tenyear . No. I would show the tenyear. 2. 40. I will do a story in a second talking about fed speak again. Who cares about the fed anymore, theyre irrelevant, not at 2. 40. 2. 40. We were on our way again. We were on our way again theoretically to 2. 60, 2. 70, 3 . What does that say . Does that say 1 gdp number in the First Quarter stays at 1 . None of these things in the trump agenda come on time . Or big as expected . Are they delayed . Does trump care lite mean tax reform light . Or do we even get the taxes . So these ive never been in congress, i never will be. But theres a lot of kabuki dance. I understand th
It was 2157 at the beginning of the week. It has gained 11 points this week. Anna lets get some more details. Nejra cehic joins us. Nejra good morning. Asian markets seem to have not got the memo of caution we saw in the u. S. Session. If we look at the msci asiapacific index, trading higher, the topix recovering the slide on a weaker yen. 111. 46. The house vote on the Republican Health care bill delayed today but this does have bigger implications not just on policy but on the trump trade as well. We could ask if the market is getting ahead of itself with the optimism today. The nikkei up 0. 9 . Gains in china 20. Gains in china too. Speaking of the dollar, snapping sixlongest losing streak in years. If we look at dollaryen, 111. 45, the yen weakening for the first time in nine days. The bloomberg other index is still heading for a weekly decline. We have seen quite a bit of dollar weakness since the beginning of the year. Just to dig a little deeper, it has been in a trading range r
Unprecedented actions taken by the president reserve to rescue the economy after it collapsed. His class is about an hour. Professor levy ok. In our lecture on the great depression, i talked about the origins of any financial crisis, it is always important to look at the resolution to the last crisis. When we think about the Great Recession, we have two moments of origin. The 1970s, the crisis of industrial capitalism and thinking about whether or not the American Economy has gotten out of that crisis. We have been talking about this. The second point of origin i think is the late 1990s, the new economy, and how the bubble crash sets of a pattern that goes across the 2000s. Into the great depression. So we ended our last lecture with Alan Greenspan before congress in 1998. It is in the midst of the new economy euphoria. Here is what he said. You read this, but i will read it out loud. In short, our economy is still enjoying a Virtuous Cycle, in which, in the context of subdued inflatio