Hello and welcome to the institute of politics. I am the coordinator of the student Advisory Board. Which is the official Student Organization of the Dole Institute. When senator dole agreed to have his records kept here at the university of kansas, he stressed the importance of involving students at the Dole Institute. I am pleased to report that the Dole Institute has an extremely active student Advisory Board and is experiencing record turnout at events, meetings and volunteering. Over 100 students attended our first kickoff event and attended our first meeting. As the student Advisory Board, we purchase of the in many activities, including event planning, discussion and community involvement. On behalf of the student Advisory Board, i have the honor of welcoming senator dole and senator kassebaum to the Dole Institute. Dole has long been a role model of my. During a time as a student and in turn, he has always been happy to meet me at his office in d. C. , or saying hello at the wo
Activities, including event planning, discussion and community involvement. On behalf of the student Advisory Board, i have the honor of welcoming senator dole and senator kassebaum to the dole institute. Dole has long been a role model of mine. During a time as a student and in turn, he has always been happy to meet me at his office in d. C. , or saying hello at the world war ii memorial. I have not met senator kassebaum before today, but i am so happy to meet her and welcome her to the dole institute. Senator dole and senator kassebaum are not only giants of the senate, but are examples of the best that our country has to offer. Before we begin, i would like to remind you to turn off your cell phones. If you need hearing assistance at any time for a program please , alert a Staff Members student volunteer. During the question and answer period, please raise your hand and wait for microphone and ask one brief question. Now, it is my pleasure to introduce dr. Barbara. [applause] thank
Exactly. I so i dont need to. Im sure theres a lot more viewers who join us as well at 9 00 a. M. Yeah, the ones who wake up after the football game. European markets certainly want to know about jim, they always ask, so we show them. There it is. Thats how were doing in the european markets and of course as we always do well show you the 10year note yield. Thats really been the story. Yes, thank you for saying that. Youre welcome. Approaching 2. 3, were back to where we were last december. Dollars very strong. Round tripped it. Yes. As this year gets towards its close. And theres crude down for the first time in a couple sessions. Last year at this time we were talking about three rate hikes. Its incredible were talking barely about one rate hike. If there was ever a reason why you would want three rate hikes, its the idea you have a president who favors tax cuts and more spending. Yeah. Its a combo we have not seen. No. And he may get. People do not understand how rare this is except
We saw the major indexes all down. European markets, yeah, kind of a down show there too, as you might have expected. Well call it what 1 more or less when you average it all together. As for tenyear note yield here in the states had a recent high yesterday i believe in yield 1. 81. And there is all important crude and brent both below 50. Lets get to our road map this morning. And it begins with jeff bezos making headlines at that code conference. Were going to have much more on his future at amazon, the retail stores, donald trump. Yeah. Plus a new month in the markets after that may rally. Stocks as you saw starting in the red. And a deal this morning, not that large a deal but an interesting one, salesforce buying a Software Company 2. 8 billion total price tag, had a lot of cash. Marc benioff going to join jim right here this morning. I will at least get to say hello to the bearded master, im hoping. Lets get to carl in california at the code conference where jeff bezos was making
U. S. Stocks. Three major averages all trading lower near session lows. These losses are somewhat modest, but importantly for the dow and s p 500, todays declines have put these two indexes on pace for monthly declines. For the dow, the first since january. S p 500, the first since february. We have a few hours left. One pressure on stocks today is certainly oil. Oil absolutely plunging after department of energy data earlier today showed surprise the old. Threetime expectation to 2. 3 million barrels. We can see that fund. A correlation between stocks and crude. Nejra we just got some news. It was not good. Abigail were looking at deere and monsanto. Seeking to block become this purchase of monsantos Precision Planting equipment business. This is why not both of these shares. Sticking with agriculture, we take a look at the grain complex, we see big losses on the month for corn, wheat, soybeans, and cotton all lower. Sinceis having its lowest 2013. Cotton, since 2014. When we take a l