More than 25 billion come hedge funds last month. The biggest month redemption monthly reduction since 2009. Caroline we have cautious trading ahead of jackson hole. Federal reserve chair speaking tomorrow. Futures down 20 if youre looking at the euro stoxx 50 at. 2 moment futures down if youre looking at the euro stoxx 50 at the moment. I know youre good to be checking other assets. Manus into the calm before the storm. That is a part of the debate will have today. Repressed volatility. Is it qe at work echo stocks in the u. S. Lowest since 1994. Bloomberg dollar index at the top of your screen, up. 4 . We are shifting into they five of the dollar bid zone on that. Underneath that you got crude oil up. 25 . He had stockpiles again. U. S. Suppliers up by 2. 5 million barrels. Greenfield ceo says short crude at these levels, 50. Is it a moment of recovery or more pain echo pain . Growth will be close to zero this year. Olitics is the dominant theme i am or has a sword into 2014 at we ha
They also called for a delay in confirmations if needed. Now we turn to reporter karen who is live in washington, d. C. Cheyenne karen has more on what was sd at the debate and how the death of scalia will impact our political landscape, karen. Karen t political discussion is already underway but washington is is mourning justice scalia. The flags at the white house and elsewhere throughout the country have been lowered to half staff to honor him tnews came as quite a surprise here in washington and will likely be a hot topic of discussion this election year. Shocking and surprising news on saturday. Supreme corporate Justice Antonin Scalia dead at the age of 7while on a hunting trip to texas. He was said to have gone to bed friday night not feeling well. He was found unresponsive saturday afternoon. Traveling in california, president obama offered his condolences. For almost 30 years, justice thth thanlife presence on the bench. Brilliant legal mind with an energetic style, incisive w
Soros relies on his analysis and you will see him at 9 00 this morning. Right now, a little more on what topeveloping and time for stories. A new poll shows that Bernie Sanders has narrowed the gap with Hillary Clinton in iowa. According to a poll, it shows sanders now 33 30 . He has picked up 25 percentage point since january. Sanders spoke about his growing momentum on cnn. Not only in iowa, or new hampshire, but in this country, we are generating enormous enthusiasm. People do not understand why the middleclass of this country is collapsing while the same time all the new income and wealth is going to the top 1 . Erik for the republicans, donald trump is out in front followed by dr. Ben carson, ted cruz, and scott walker. Present obama is getting closer to be no support for the iran nuclear deal. Senator merkley says he will support the deal. He needs three more votes to sustain the veto in killing the deal. The Obama Administration is close to making sanctions for hacking into comp
It is a delight to have all of you here this morning. Areend of august and people still a vacation. School is starting in some areas. It is feeling Like Washington is getting and the gear of things. Were all too happy to help it along. Very happy to be here for the release of a new report of the Heritage Foundation. The 2015 global agenda for Economic Freedom. A copy of it. This is a study that is produced by the Davis Institute for National Security and Foreign Policy at the institute for Economic Freedom. Both of which are distinct and the Heritage Foundation. I am especially happy to be here for two reasons. , a is to hold my good friend keynote speaker. He is one of the smartest people i know and economics. His also a true gentleman. But most importantly, he is a good guitar player. He is a fan of the blues and jazz as i am as well. I keep teasing him about putting together the Economic Freedom group as the latest ring in rock. Something is wrong with the term. The other editor is
Automated vehicle innovation and update by consumers. The motivation here is pretty simple. If these vehicles are in fact safer, and i think we all think they will be, that any policy that results in unnecessary costs or delay will result in additional property damage, injury and death. So death by regulation is really something to be concerned about. And i know for a fact that there are people within the federal policy making world, are cognizant of this fact. So what i think nhtsa should do is focus on the federal Motor Vehicle Safety Standards that may innovate techno lodge innovation in our automated world. An example was this petition from tesla motors to nhtsa regarding fmbss 11, and they were seeking to comply with the mirror rules with cameras, rather than using mirrors. Even if tesla were to replace all mirrors viewing functions with cameras, they would still be required to install mirrors. I think this is an early example. They just want to have the option to comply with mirr