Yield actually lower. Still seeing a bid in the long end, but nothing dramatic appeared to what you wouldve thought when headlines broke saturday. Lets get the update here. Time now for global exchange, where we bring you the market moving news from around the world. Joining us from riyadh is yousef , and Michael Mckee here in new york. We begin in saudi arabia, where aramco tells customers certain deliveries will be delayed, especially in october. Yusuf, give us the latest yousef, give us the latest. Yousef we are waiting for a Firm Response from the saudi government. The Foreign Ministry made it clear that they are going to treat this aggressively. They will defend the land, and we expect a press conference from the Energy Ministry as well to outline the day in a bit more detail the exact damage to the infrastructure. Bloomberg even understands a tour of some of that damage could be in the offing, but at the moment, saudi aramco scrambling a little bit to get those oil barrels to the
Good morning. Good morning. The committee will come to order. Today were considering the nomination of Eugene Scalia. Let me say before i begin my Opening Statement that we welcome the secretary, good to see you. And we welcome mr. Scalias family. Well give him a chance to introduce all of them a little later. Theres so many of them and i wont the scalias are a productive family, apparently, so we wont come off any of your allotted time for your statement and i would say to the family members that the confirmation hearings arent necessarily a family exercise. I was before this committee myself to be nominated for education secretary and was grilled pretty heavily, i thought, with my family sitting right behind me. I was accustomed to it, but they werent. But they got over it before very long. We welcome you here and were glad youre here. Yesterday i received a letter from senator murray asking me to delays todays hearings. I think the Committee Members know, i do my best to do what sen
Good thursday morning. Welcome to squawk alley. I am Carl Quintanilla with Morgan Brennan and jon fortt at post nine of the New York Stock Exchange getting close to new highs well start with facebook. Mark zuckerberg goes to the hill today. Were getting news out of the company on new ad formats as well Julia Boorstin has both those stories. Good morning to you Mark Zuckerberg is making the rounds in washington, d. C. , meeting with legislators, looking to regulate two areas, one, facebook privacy policies, two, responsibility for inappropriate, manipulative content on its platform. Zuckerberg met with democratic senator cantwell and also attended a dinner with mark warner and senator blumenthal also joined take a listen. I was impressed by a number of the ideas and interests of facebook in advancing privacy on the internet but i hope that we also can continue the conversation zuckerbergs meetings span the aisle, he is meeting with republican senator moran, and supposed to see hawley an
Stoxx 600 is negative now, down by less than 2 10 of 1 . The pound is moving relatively aggressively on a number of different things. Theres a reuters report talking about a regime that would allow the continuity of the good friday agreement for the irish border. Emmanuel macron talked about an intelligent solution to the brexit impasse. All of these factors helping the pound get a lift today. I think positioning is also a factor in this. The italian 10 year not budging that much, but keep an eye on it. Reportsla, the suggest, wants a coalition formed by the end of today. Salvini is about to go see the italian president. Vonnie the u. S. Economy does not need lower rates according to Kansas City Fed president Esther George. She spoke with bloombergs Michael Mckee in jackson hole, wyoming. Have a listen. Theer as i look at where economy is, im not ready to begin to provide more accommodation to the economy outlook thats adjusts the economy is getting weaker. Vonnie we are joined now by
For example, healthcare, medical access and Senior Housing and similar to what tonya was discussing on the private equity side, those sectorfocused funds, we think, you know, our data has shown that those sectorfocused funds have generated more than the diversified funds and also gives us and staff the ability to tail tailor the portfolio more than we could if we were looking at diversified funds. Thats an interesting tabernacledynamic,maybe a benefe market. That isnt to say moving away from the funds and theres approaches to having both on the portfolio works pretty well and some of those diversified managers have proven to be good at pivoting from one sector to another and much more nimble than we could in terms of allocating a specialfocused fund. So i think the combination is attractive. Just touching on the market environment, i dont want to spend too much time but similar to private equity and most asset classes, real estate is fully value and real estates across markets and prop