By a fraction of a percent crude oil, this is the one weve been watching very, very closely. We have wti down by 1. 6 brent it down by 1. 5 . This is quite a rebound from the lows back in june. We are up by 12 from june 21st lows so staggering move in just a short amount of time weird. Weird to see the dow so strong and the nasdaq so weak thats been happening more the nasdaq had been stronger on a relative basis then the rotation happened. I dont know what it means. Maybe its healthy this is scary and not healthy. Maybe the meeting is good, but the reason for it frightening. The u. S. Requesting an emergency u. N. Security Council Meeting today after north korea tested an Intercontinental Ballistic Missile. The missile could put all of alaska, so mainland i dont know if you call that mainland, but pretty close late yesterday the u. S. Military said u. S. And south korean troops fired missiles into the waters off south korea in a show of force back that way apparently it can reenter the
Abbreviated session and yesterdays holiday. So, how would Global Markets react today after news yesterday of north koreas first ever successful launch of an intercontinental ballistic missile, one capable of carrying ut Nuclear Warhead into u. S. Territory. The answer frankly is there isnreaction stock, bond, currency and gold were largely calm today, but that could change in an instant. As the weeks new us plays out. Front and center, that missile launch. A test north koreas dictator said was coming and that President Trump derided. It wont happen, he tweeted this year, but it tid. Just as the u. S. Conducts missile tests of its own with south korea. In statement today, the top u. S. Military commander in south korea said the u. S. And the south are prepared to go to war with north korea if given the order. As for efforts to enlist china to put pressure on pyongyang, they dont seem to be bearing fruit. Mr. Trump tweeting today, quote, trade between china and north korea grew almost 40
Chief megan murphy. Lets talk about the business theion, looking at some of effects happening between qutar looking at some of the effect happening between caps on qatar and its arab neighbors. Megan a continuing fallout that keeps unfolding in the middle east between qatar and some of its neighbors. This is what has happened with bahrain, saudi arabia, the uae they are accusing them of , harboring islamists and not cracking down on terror. It has been a longrunning incident between them, and it has no really included in terms of imposing bans. Is now imploding in terms of imposing bans. One of the biggest businesses affected is qatar airways. Oliver a company doing very well. Megan doing very well, voted a favorite of Luxury Travelers in particular. As people know, whether it is emirates or qatar airways, they are brands that have carved a global footprint out of the last two or three decades, moved into competing directly on longhaul flights in particular with some of the american ca
Chief megan murphy. Lets talk about the business theion, looking at some of effects happening between qutar looking at some of the effect happening between caps on qatar and its arab neighbors. Megan a continuing fallout that keeps unfolding in the middle east between qatar and some of its neighbors. This is what has happened with bahrain, saudi arabia, the uae they are accusing them of , harboring islamists and not cracking down on terror. It has been a longrunning incident between them, and it has no really included in terms of imposing bans. Is now imploding in terms of imposing bans. One of the biggest businesses affected is qatar airways. Oliver a company doing very well. Megan doing very well, voted a favorite of Luxury Travelers in particular. As people know, whether it is emirates or qatar airways, they are brands that have carved a global footprint out of the last two or three decades, moved into competing directly on longhaul flights in particular with some of the american ca
Program might be used to or result in some way a crowding out of a significant portion of the economy shortterm private credit liability. And then it goes on to consider this is where i got into trouble. Such a Development Might conflict with the fifth Monetary Policy octave i got confused i will tell you i was on an amtrak south of washington behind a Freight Train when i read that section. That had something to do with it. But ting that section and one or two others could have been simplified a little bit and then clarified. I probably said enough by now to signal my high regard for this book, i can do it. I can do it. [laughter] but in closing let me salute that the very strength of the book for me actually highlights if the fed and the fdsc needs strong and essentially discretionary Emergency Powers to prevent or confront o runs how do we reck are sile such powers with legitimacy requirements of a democratic society. This is a Critical Condition in today political environment with