In december 28th china marks the 40th anniversary of its Economic Reform Program president xi jinping announced that the efforts would continue. To find that there is no text book for reform and development. And no one is in a position to dictate to us what we should or should not do. Shes warning was almost certainly directed at u. S. President donald trump who has criticized chinas trade policies since the day he took office. They engage in relentless product dumping. Forced. Technology transfer and the theft of intellectual property but those days are over. The United States has Just Announced tariffs on another 200000000000. 00 in chinese made goods for a total so far of 250000000000. 00 chinas market distortions. And the way they deal. Cannot be tolerated. The tensions between washington and beijing have put germany in a difficult position at the 21000 Munich Security Conference chancellor Angela Merkel to try to explain why china behaves the way it does. And you know she nothing
Welcome. It is surveillance. Im manus cranny. Lets check on the markets. One view we have had dominating through the program is that inflation will recast itself during 2018. The market has the biggest long bets on bonds since 2004. We have got the three month yield here. That is driving the debt ceiling anxiety, shortterm investors demanding more. The bit to cover ratio, the highest stopover rate since 2008, and the lowest bid to cover ratio since january, 2009. But the asian equity markets and European Equity markets, rallying. Taking the cue from the commodity market. Copper is bid. Oil is bid. An overalleing move higher. Oil, we did make it above 60, i assure you. So, we traded post the close up at the highest levels since 201 5. We have the libya outage. Dont forget, we had the u. K. Outage a couple weeks ago and that spoke to market. This time it is libya, 100,000 barrels a day is a good be taken out of the supply chain as libya has an outage. More on that pipeline explosion a li
Welcome to countdown. Im guy johnson. Anna is down in brighton. We will be with her shortly. Let me tell you whats happening on the markets. U. S. Futures are a little softer at the moment. Over the last half hour, they have started to firm a little bit. When i was in this morning, the s p was called down by 0. 5 . As london traders start to make their voices heard, maybe we will see that continue. At the moment, u. S. Futures are looking a little softer. In around an hour, we will find out what the european picture is. In terms of the news at the moment, market still feels very jittery. This is quarter to date. This is the japanese yen continuing to massively outperform its peers. The market is looking for a safe haven. The japanese yen is where it is looking. Big moves into the yen continuing. That is a quarter to date figure. An interview in a french paper, Christine Lagarde talking about maybe cutting global growth. Again, this going back to the heart of the issue, this concern abo
Now joining us on booktv is robert george, professor of Juris Prudence here at princeton, university. Way want to talk to him about his recent book conscience and its enemies confronting the dog mas of liberal secularism. Dr. George oh, do you you define liberal secular system. Guest a view about human detonation and dignity that competes with other views some secular but not liberal, some religious. Its a view that is very common in places like the one where we are right now university communities. I would venture to say its the predominant view in the elite sector our our culture and prominent in europe, which has become a very secular society. It embraces ideas about liberty and the personality, about the nature of human beings about ethics that are distinctive in our own time. Its associated with socially liberal views about matters of sexuality, abortion life and death issues. Generally identity issues. Kind of the spectrum of socalled hot button morally charged issues in our own
I was not talking about that particular year generally but it is said the the sector of the culture it is divided with popular opinion is very different and by definition it is more influential william f. Buckley once caught the spirit of that talking about his preference been governed by the first 800 names with the boston in telephone directory. What he was the institution based on the marital that gives people the fundamental care and nurturing and education at least until they reach maturity the first years of their lives. Create go astray when a substitute operations for the family. In my view it is department of welfare it does better than any cando but that fundamental job to each new generation the character in the interest to date to be could citizens and all other institutions of the political system depend on there being a fairly large number of people that our hard working lot because they fear for but they need managers who are responsible. But they cannot produce such peo