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Julie has been keeping an eye on all the movers. Julie right now, we are seeing it come up a little bit. The dow was only off by 16 points but nonetheless we see it hold onto gains earlier. Were not on track for another record fall with declines across the board. What is going on . The groups on the move, much more red on the imap. Financials of the worst performing Group Contributed to the declines. Tech one of the biggest laggards right now. Citigroup, turned the lower after initially opening higher. Revenue matching estimates. Weaker than expected results in consumer banking. Wells fargo matching estimates but reported some weakness in mortgage banking, a large part of the overall business. That is contributing to the declines overall putting pressure on the financials. We are also watching the travel stocks. No suffering from a downgrade. Delta air suffering from a downgrade. It is weighing stocks overall. Shery ahn how did the retail sales data affect the dollar . Julie we had Con
It is just past 7 00 p. M. It is just after 7 00 a. M. And hong kong. Happy early monday. This week is all about janet yellen and governor kuroda taking center stage. It seems like the boj might overshadow the fed this week. Thats right. It was an interesting time. Last night, we saw some hand in hit manhattan. More on that later. Just to see how things are kicking off so far. Consumer confidence and new minutes ago, aew recovery in the Third Quarter. The kiwi dollar flat. Meets later this week, but no change expected. Australia, five straight weeks of losses. We could see a soft open in sydney today. We are seeing a lot of Dollar Strength since friday after that better than expected inflation for august. Japan futures are pretty much flat, yen holding on. 102. 26. What will we watch in new york . Two week ramy ramy two words, the fed. We have to talk about the bombing. How is that potentially going to affect trading . Linkght now, there is no to International Terrorism. It is being pr
That corruption has hindered certain economies. I think anticorruption activities increases the momentum of growth. To look at certain countries which do not have an active democracy like china and other countries and to take a very skewed view of the last 45 months, where india has had a new Prime Minister and a new party come to power on the basis of an anticorruption message, you have already seen india increase to higher than it has been in the past years. On the corruption and growth. I think that is something that needs to be looked at. There was ae negative impact and you have outliers. Im not sure we totally understand the Economic Perspective on what are the drivers and the channels. I think there is more work being done in that respect. , they g 20 conference looked at those issues. We are currently working on key sectors. Extractive industries. I think we need more work and that maybe to some unexpected results in some cases. Element is other what timeframe are you looking a
Teacher tenure that they only have to show up . I should admit that was bad language and it was not actually about them. You have a time in which it becomes very important and it is treated differently. I shouldnt have said it and i apologize for saying that. Lets go back to the reference to governor wells. What we are doing under my administration is what massachusetts did in the 1990s under that administration. The same thing. Access to prekindergarten, smaller classroom size. Extended days when applicable. Schools closer to where the kids are living. Holding people accountable. Not just teachers. At ministry was, kids, and parents. The point out governor wells success for something he started in the 90s and say massachusetts is making progress, youre absolutely right. It has been done over time. There is this other thing that tom sometimes uses when he describes educational reform. He says i am education reform light. He wants to bring in other systems that he hasnt said a single wo