Points. Russell, the underperformers. Lets dive deeper into the action with our reporters. What were you watching . Abigail small moves for stocks, record highs, bigger moves for bonds. The 10 year yield down five basis points, the biggest move down, the biggest rally for treasuries. Lets into the context of a paul. By he said if the 10 year yield breaches the downtrend in yellow, that he would turn bearish. Could see the 10 year yield go up to 2. 15 . Mike in the Corporate Bond market, all eyes have been on this monster offering from add ve to purchase its to fund its purchase of allergan. It is the fourth biggest deal of all time. The biggest. Of the deer of the year the biggest of the year. If you look at the spread of investmentgrade bond, fell to a 20 month low of 104 basis points yesterday. That is according to the Bloomberg Barclays u. S. Aggregate corporate index. This obviously bodes well for what the bond market is really gearing up for. And that is what could be the biggest
Spending plans for the nhs. And venice is underwater as the higest tide in 50 years causes severe flooding in the italian city. I willjust mention we are waiting ona i willjust mention we are waiting on a press conference with President Trump, and president erdogan of turkey, it promises to be a fascinating affair not least because of the withdrawal of american troops and days later turkish troops going in and the consequences that had for the kurds who had been allies with america in fighting the Islamic State promises to be fascinating. Donald trump said he would destroy the turkish economy a few weeks ago when he wasnt happen which with the approach the turkish government was taking. Relations seem to have improved since then but these are two strong minded leaders and it is very ha rd to two strong minded leaders and it is very hard to predict how a press conference of this nature will go. That will make for interesting viewing when it begin, we will turn to it. But we are focussin
Wonderful. If you want to post anything on social media, we would love for you to take that politics rose. That way we can see your stuff and possibly reposted. My name is britney. I am the partner admits managers that politics and prose. I first want to thank all of you for coming out on friday night for tonight his if it. Tonight is the joint effort with the venue partner, George Washington university, and we are also pleased to bring you jim madison conversation with david brooks tonight. Before we get tonight his program, i just want to tell you of a few other Exciting Events we have coming up in partnership with gw. So next week on september 11t september 11th, we have an if it with Malcolm Gladwell at listener for his new book talking with strangers. It will be part of the live reporting of san podcast on npr. Is of number 12 right here, we have Samantha Power as well is Josh Campbell with james comey on september 16th, and on september 24th, patty smith will get listener for dar
And now in the book which most of you now have and will soon read the center owes much to fox michael in 1975 preston taupe it would be a place for the government of Political Science in the history from abroad will inquire to learn and understand and hopefully be inspired. I do believe we have several members at the congressional and the audiences evening and rather than try to name them all a member of the board. [applause] it is also my pleasure to introduce our panel the first analyst is doctor frank backman he is the coeditor of the book and perhaps this is importantly my predecessor in the center. He is a highly scholar and spent two and half decades managing and directing the center. The academic material are invaluable and work to the note exception to that. He currently remains on staff as a center historian. [applause] our next panelist is the second coeditor in his name is doctor sean kelly, doctor kelly is a professor in the Department Care of the California State Universit
Globally and the prospect of her weakness overseas coming a drag on the us economy. Doesnt work that way . It certainly does. At the world is catching the ammonia, at best we are going to catch the sniffles if something not a little bit worse. The fact remains gdp growth will still be positive next year, probably in the ballpark of 1. 3 or 1. 4 . Assuming we get a trade deal i think youll see acceleration earnings to mid single digits. A lot of Business Owners we talked to say their decisions have been put on hold until he understand where the goal posts are, which keep on moving. Once a understand exactly what theyre dealing with with respect to trade, i think they loosen their purse strings. I think we can extend the Economic Cycle longer. What you make about the dollar move today, we saw treasury selling, we saw stock trailing, risk and day. But really substantial gains for the bloomberg dollar index. Its pretty weird. If you look at s p 500, biggest game biggest gain since march. I