Rate will rise to 40 next year, and reforms are only likely to slow the growth rate. China suggests that moodys was overestimates the difficulties facing chinas economy. The shanghai was flat. The hang seng was up by 0. 1 in europe, a mixed picture. Things are flat forever the dax and cac. Ftse up by 0. 25 points. M h na news, Constellation Brands made an offer to take over brownforman. And glencore making a takeover approach to bunge. Bunge says it is not engaged in talks with glencore. Pro and uber says it inadvertently underpaid new york city drivers for 2 1 2 years. The company took a commission from full fare prices. Uber says it will pay back drivers, with interest, for the mistake. The wall street journal said the average driver would be repaid 900, totalling 45 million. We will talk with adam lashinsky, author of the new book wild ride inside ubers quest for domination. Lets get to this. The United Kingdom raising the threat level to critical and deploying soldiers to key sites
2. 145 overnightin asia, look at whats been happening. You can see the nikkei closed down by a quarter of a percentage point the hang seng off by 1. 2 . The shanghai was flat. Lets look at whats happening in the european markets in early trading. At this point there are red arrows across the board there as well biggest decliner is the cac, which is down by 1 . The ftse and dax are off by 0. 8 when it comes to currencies. You will see right now the dollar is up across the board. Euro at 1. 1163 crude oil prices which were down 3. 7 yesterday, the lowest settlement weve seen since november 14th, you can see this morning down once again. Another 11 cents to 44. 62. We want to bring you an update on the terrible shooting that took place yesterday. Republican congressman Steve Scalise is in Critical Condition this morning after he was shot by a gunman yesterday. Squawk was on while this happened the congressman was shot in the hip, underwent surgery at Medstar Washington Hospital Center a s
Developed world, but frankly i think it is just moving up because of the fed. It is the lack of faith. Something we have been seeing for seven years, the light of faith in the administration, the lack of faith in the qe in other parts of the world that are tapering. The expectation that nothing is going to change and it is the business as usual, i think that is an incorrect interpretation. We will see curves steeply again as the right policy makes begins to unfold. If you look at the feds, they have been around the block a mother have seen inflation pick up when no one expected it to, and they are responding in a way that their Life Experience dictates. That is waved in front of the market everyday is oil rises. Have been going in one direction for a while now, and that is having a big impact, at least on the bond market. Jonathan greg davis, global head of fixed income at the vanguard group, kathy jones, chief fixed income strategist, and from california, i am pleased to say that Mich
U. S. Are still high yield. T is keeping the long end i think the flat thing has more room to run. It is the lack of faith we have been seeing for the last seven years. It is a lack of faith in the administration, the lack of faith in the qe in other parts of the world that are keeping bond yield suppressed. The expectation that nothing is going to change and it is the business as usual, i think that is an incorrect interpretation. I think we will see curves steepening again as the right policy mixf the begins to unfold. If you look at most people in the fed, they have been around the block. They have seen inflation pick up when no one expected it to, and they are responding in a way that their Life Experience dictates. The one sign that is waved in front of the market everyday is oil prices. They have been heading in one direction for a while now, and that is having a big impact, at least on the bond market. Jonathan lets bring in our roundtable in new york greg , davis, global head o
The Interest Rates in the u. S. Are still high yield. That is keeping the long end i think the flat thing has more room to run. It is the lack of faith we have been seeing for the last seven years. It is a lack of faith in the administration, the lack of faith in the qe in other parts of the world that are keeping bond yield suppressed. The expectation that nothing is going to change and it is the business as usual, i think that is an incorrect interpretation. I think we will see curves steepening again as the right hand tale of the policy mix begins to unfold. If you look at most people in the fed, they have been around the block. They have seen inflation pick up when no one expected it to, and they are responding in a way that their Life Experience dictates. The one sign that is waved in front of the market everyday is oil prices. They have been heading in one direction for a while now, and that is having a big impact, at least on the bond market. Jonathan lets bring in our roundtabl