Wa nts a more than did into labels up he wants a referendum on scotland because hes told of the scott masses that he will break up the union if they keep them in power, and he wants another referendum on the eu. Unbelievable, he said tonight he wants another extension so tonight he wants another extension so that he can have another negotiation. Its not at all clear what he wants to achieve, does anybody know . We dont know. We dont know what question hed like to put to the electorate in this referendum. We dont even know what his own position is, is he for it leave mack or remainer . In or out . I dont think he knows himself the only bit of flotsam of intelligence that has emerged from the Bermuda Triangle of labours brexit policy is that they are preparing to do a new deal, then campaigned against it six months later. With all the futility of those suicidal nights in monty python. But there is one thing we do know about his policy, which is that another referendum on the eu, and othe
Foreign purchases. We have the first public impeachment hearing testimony revealing the president s lawyer was digging up dirt in his shadow diplomacy in ukraine. Howi lets take a look at we are setting up when it comes to the start of trading here in sydney. Investors dealt a pretty mixed hand overnight. Stocks closing pretty close to fresh record highs. Still, uncertainty over the lingering trade negotiations continuing to chip away at sentiment. We are hearing potentially the agricultural purchases that had been a solid part of the phase i deal could be in doubt. China reportedly saying if these tariffs are not resolved, they could back away from purchasing more u. S. Soy and pork. Taking a look at the picture, just about 1 10 of 1 . Watching the labor market numbers, typically quite volatile, could be a move in the aussie dollar. New zealand, upside about 1 10 of 1 after the reserve bank of new zealand held on rates for their last meeting of the year somewhat unexpectedly, causing
All right. David i dont consider myself a journalist. 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 running a private equity firm. How do you define leadership . What is it that makes somebody tick . David for about 20 years, you have been the wealthiest man in the world. But because you have given away so much money recently, jeff bezos became wealthier. Do you think if you stayed in college and gotten your College Degree you do not feel inadequate because you are the only the second wealthiest man in the world . Bill it is a sign i have not given the money away fast enough to drop out of the top 10. The market has been strong. [applause] david the market has been strong. Microsoft is up 35 this year. To what do you attribute that . Bill the company is doing really well. Great ceo. The whole dream of the importance of software has really come true. The five most valuable companies our Technology Compani
Commissions are now a thing of the past, but big brokers have a plan to make up that money. Jason here is editor joel weber on what to look for in this double issue. Joel the cover story is all about teslas autopilot which may be you have heard about it because it is a advanced Cruise Control that might put tesla on a path towards having self driving vehicles. Carol big ethical questions about how to get there, because you will probably lose lives along the way. Joel thats right. Tesla has a rough draft of something it things will become the future. Its on the road right now. When you are driving next to a tesla, the driver could be an in autopilot already. Because of that there has been death. The deaths dont look like normal deaths. But there is a bigger ethical question which maybe it is all worth it. Jason moving to china, in the headlines, who is selling what to whom, and you have a resurgent or emergent may be name competing with nike. Joel thats right. You maybe havent heard of
There is still a lot of concern geopolitically involving the global macro backdrop. As soon as we get across this brexit valley and trade war valley, things will settle down effectively. Manufacturing is weak globally. Trade uncertainty, brexit uncertainty. But you are starting to see pmi and the orders inflect a bit. You are at this Inflection Point where you are starting to get better geopolitical news. The mood can improve quickly, and that means Economic Stabilization in 2020. Wait it out. Ultimately, a little bit better geopolitical news is going to cause this inflection. Caroline the key question, what will it take to resolve the macro debate . Joining me around the table is bob miller of blackrock, Krishna Memani of invesco, and in london, james athey of aberdeen standard investment. Thank you for joining us. Bob, Inflection Point, are we there . Bob maybe. There appears to be a decline in the headwinds associated with brexit, and with the u. S. China trade escalation that has c