Look on those who joined us on our heritage. Org website as well as those joining us on the cspan network. For those in house we ask the courtesy to see the mobile devices have been silenced or turned off to avoid any unnecessary distractions. For those online youre welcome to send questions or, at any time by emailing speaker at heritage. Org. Will post the program on the heritage homepage for your future reference following the presentation straight. Leading our discussion i want from our guest is fred rico, fred is a policy analyst for defense budgeting in the center for National Defense at the Heritage Foundation. Please welcome fred. [applause] think everyone for making the time to come here in this first day of congress being back into which i assume is busy for everyone. First, i will introduce her guest and then explain that if youre here by accident and dont know what this is, i will give you a twominute introduction to make sure the audience knows as well while talking of the
Im mark barton in london. Check out whats happening to your european stocks. Near the highest level since december 2015. The stoxx 600 lower today after seeing the highest levels yesterday. In over 13 months. Big day in japan today. The yen weakening. The b. O. J. Boosting purchases of medium maturity bonds underscoring its commitment to maintaining its yield curve target. Sterile down against the dollar ahead of the big maytrump showdown. Well call it a meeting. Gold is lower today. Falling for a fourth day. That is the worst run since november heading for its first weekly drop. Investors favoring riskier assets, still gold up 5 in 2017. Lets get to the news. U. B. S. Profit more than tripled in the Fourth Quarter. Profit 848 million franks exceeding analyst stims. Shares are falling at the moment. The c. E. O. Ermotti said investors are confident but waiting for reaction from the Trump Administration. The most important thing for me is to see the clients are ptimistic. It is very imp
[inaudible]. Thank you, ken. [laughter]. Its, its a real pleasure to be here this morning, and thanks to weda for organizing this very, very timely session on nafta 2. 0. As someone who has been involved in the trade, war is too strong, debate is too tame, the vigorous trade discussions weve had in washington over the last 20 years, were certainly at, even in scope of those discussions were at an unprecedented moment right now awaiting to see the unrolling of the adminstations new trade strategy. We have been, weve heard a lot from the president when he was a candidate, when he was president elect. Since becoming president weve heard a lot about mexico. We heard a lot about mexicans. Weve heard a lot about nafta. We heard a lot about china. We heard a lot about it. Pp. A lot of things are going to be ripped up. A lot things will be done away with. A lot of things will be changed, yet we have little in the way of actual specifics that have come out. The president s trade team, some of t
Thank you, ken. [laughter] its, its a real pleasure to be here this morning, and thanks to weda for organizing this very, very timely session on nafta 2. 0. As someone who has been involved in the trade, war is too strong, debate is too tame, the vigorous trade discussions weve had in washington over the last 20 years, were certainly at, even in scope of those discussions were at an unprecedented moment right now awaiting to see the unrolling of the administrations new trade strategy. We have been, weve heard a lot from the president when he was a candidate, when he was president elect. Since becoming president weve heard a lot about mexico. We heard a lot about mexicans. Weve heard a lot about nafta. We heard a lot about china. We heard a lot about it. A lot of things are going to be ripped up. A lot things will be done away with. A lot of things will be changed, yet we have little in the way of actual specifics that have come out. The president s trade team, some of them have been na
The middle of his president ial campaign . Well take you there live for the details. Melissa back to the markets. The dow hitting a two week high, now positive for the month. Nike the only stock in the dow 30 in the red. Phil flynn, price futures group, fox business contributor is watching action in oil and gold from cme. We have lori rothman on floor of new york stock exchange. Big rally driving story. What does it mean . Well close at session highs today with the dow up 228 points, comfortably above the milestone 18,000. We saw a late surge of buying as we saw a spike in the pound sterling. So the pound sterling against the dollar is up about 1. 2 and that says something. This market believes that the uk will vote to remain in the eu. Lets look at some of the bank stocks. Goldman sachs is a leader on dow. No surprise. These guys have been turning positive since late last week. Bank of america, jpmorgan, european banks as well are strong, pardon me, im getting ahead of myself. I do wa