Then, you were required to eat at least one meal at the law school, so there was a group of us who met in the mornings. Mostly kids who lived in the dorm. We needed breakfast and i thought that was one of the delightful times. I also had some study groups that were just delightful. The rule was if you did not contribute, you were booted out i found those interesting, but i must admit i did not get as much out of the law school as i should have and thats simply because of my which i encouraged students this morning not to replicate. It was a very difficult time and there was a lot of negativity on my part. Soanya . Clarence . How toy did not know take full advantage of law school. Good point. Given our background and the fact we did not have anybody in law or related to law, i did the things that sounded like you had to do through the law journal. Like too much writing, so i did rarest ors union. But until jose talked to me about clerking in my third year of law school, i had not heard
U. S. House passes a bill to avoid the fiscal cliff, but president obama warns us he doesnt want to go to the brink in the next fight over the debt ceiling. I will not have another debate with this congress over whether or not they should pay the bills that theyve already racked up through the laws that they passed. The budget deal boosts asian stocks in hong kong and australia hitting 19month highs in the first trading session of the year. European equities also share a deal out of washington despite more gloom from the eurozone. Manufacturing has continued to contract according to the latest pmi. Okay. 2013, a warm welcome to viewers of Worldwide Exchange. My special families to a family called the wards. Thank you for hosting my family over the new year. Personalities out of the way, eurozone, still looking glum despite the Market Reaction to the fiscal cliff deal this morning. To recap, the eurozone december following manufacturer pmi, 46. 1, the flash was 46. 3. The final output i
U. S. Secretary of state john kerry urges the new Iraqi Government to stabilize the country as washington embraces a new Prime Minister as a positive step forward. Friends, family and fans worldwide are in shock today over the death of Award Winning comedian and actor Robin Williams after an apparent suicide at the age of 63. Announcer youre watching worldwide exchange, bringing you business new from around the globe. Good morning, everyone. Lets kick off with the iea report. This is the key take away this morning. Lets have a quick look at oil prices as light crude down by 0. 87 . Brent youre lower by 0. 7 . I want to get more commentary from the iaa report. It has been cut to 1 Million Barrels per day on lower than expected q2 deliveries and weaker imf gdp outlook. The crude oil supply rose by 300,000 Barrels Per Day to 30. 44 Million Barrels per day in the month of july and that is actually a fivemonth high. They also say that the oil market today looks better supplied than expected
Him and the league. An executive in the sports world will give us a solution worth talking about. First lets check in with sue. We start with the markets. We are near our lows of the trading session. One of the culprits pushing to the down side today is a spike in Interest Rates. We spiked to 2. 16 ahead of the key fed meeting next week where a lot of people expect the language from the fed to change. If you want to know where Interest Rates have been going from july until now we have seen a steady decline and now a relatively steep move in Interest Rates in a short period of time. We are less than half way through the month. The ten year note is yielding 2. 592 . It was at 2. 61 . What is going on here . There is tension in the market. Somebody told me today we are kind of at a Tipping Point and a lot is because of the fed meeting next week. Number one, as you pointed out is Interest Rates. Today when we had the retail sales number come in in line with expectations Interest Rates move
New r word, citing recovery, while sticking to its ultra easy policy. And alls well that ends well. Shares of Deutsche Addington trade above the issue price. Well speak to the ceo first in 45 minutes. Warm welcome to you. Plenty to get through today on the show. We kick off with the iea, predicting Global Oil Demand growth of 1. 2 Million Barrels a day in 2014. U. S. Production will rise 530,000 barrels a day in 2014. Nonopec by 1. 3 Million Barrels a day. So the u. S. Oil boom to erode opec market share, is essentially what theyre talking about this morning. The north american share open will leave one of the biggest rises in nonopec supply growth seen in the last two decades, which will help meet Global Demand and raise the share of opec. The outlook should give bulls some cause for alarm, because nonopec supply growth looks on track to hit a 20year record. As you can see, wti up to 107. 15. We hit 106 yesterday. Big drawdown, much bigger drawdown in the u. S. Department of energy in