Morning. Senate Arm Services Committee meets this morning to receive testimony on u. S. Policy and strategy in the u. S. Asia pacific region. Im pleased to welcome today our panel of expert witnesses all with deep knowledge and experience in the region. Victor cha who is the Senior Adviser and chair at the center for strategic and international studies. Aaron friedberg kwho is professor of politics at princeton university, kelly help me magsamen, kelly magsamen, former Principal Deputy assistant secretary of defense and ashley tellis, senior fellow in to thea to thea having trouble with my anunsation this morning, apologize, senior fellow and to thea chair for Strategic Affairs at the car negatively endowment for International Peace and old friend of the committee. Americas interest in the Asia Pacific Region are deep and endearing and thats high for the past 70 years weve worked with our partners of free peoples and free markets, open seas and open skies. The rule of law and the peace
Good morning welcome to Worldwide Exchange on cnbc. Im sara eisen im dominic chu in for wilfred frost. Its throwback thursday, heres a onehit wonder, im blue. You wremember this. Who could forget. It was all over new york all over cincinnati, too. Glad to have you here. Good to be here lets check in on the Global Markets after broadbased rally yesterday for u. S. Equities comeback futures set for a higher start dow jones up 33. Financials were a big driver after the stress test results. Nasdaq up 1 point. S p up 4 the banks led the session yesterday. They came out with much bigger than expected cash returners in the forms of buybacks and dividends. The fed blessed all of it financials got a further boost after the close. Theres the early action in terms of the xlf, the etf that tracks financials, up 1. 5 in the early action whats helping the banks is the tenyear treasury note yield has been bouncing. Certainly off the lows of 2. 13 we saw this week 2. 24 not bad. Some selling of treasu
Even though officials did not exclude the bond buying thing extended. That is what you need to know. David continuing on the top story about the ecb. A many tempora cant a mini tenter hampshire a mini temper tantrum. Gradually tapering away from quantitative easing. We are joined by paul gordon, our editor responsible for covering Central Banks, and guy johnson in our European Headquarters in london. Paul guy, im sorry. I want to go to you. Tell us what the reaction was in the markets over there. Guy the Market Reaction was fairly fierce, to the honest. May of 2013. Be of the market was spooked by thats would have a ecb taper when the Current Program winds down. But the rational heads are working their way through this. Of course the ecb is thinking about a plan for when he needs to wind down, but if you took a look at the latest data, the expectations, in the ecb, the ecb downgrading its projections. The eurodollar rate, but it did not pick up inflation. It is not expecting to meet it
Alternatives that are there. Senator crapo. The private sector markets are contracting. Im concerned that this reduces student bar options. Could you describe the current state of the private student loan market and how that compares to the market and made a claim why we are seeing this dynamic . Thank you very much for the question. We have gone from a 24 billion industry to about an 8 billion industry. And yet performance rating for many of her banks have exited Student Lending business. There are few others thinking about it. We have a 3 default rate. We flip the equation. We dont want to look at a refinancing option. We dont need to because we do all the work at the front end. We make sure we have an ability to repay. Theres nothing worse than telling a student at the very beginning of the crew were not sure you can afford the loan we are about to give you. We do have selfsegregation 90 some of our loans are certified by the institution. When there is a time to repay the loan, we w
King, if i can. Ambassador, youve done a commendable job representing the north korean human rights portfolio. I also recognize the difficulties you face since the administration doesnt make the human rights issue in my view enough of a top priority. I think it best a secondtier issue behind nuclear proliferation. Even if its given sometimes lip service by calling it a top priority and constant focus. As such im disappointed that following the release of the u. N. Commission of inquiry report, in my view little has been done. No human rights sanctions no executive orders, and no move for a vote in the Security Council. Ambassador king, can you tell us what is being done at this time to hold north korea accountable for the mass atrocities described in that report . I mean it was a horrific thing to read. And why theres been so Little Movement since the reports release. And then also, are you aware that there are three americans currently detained in pyongyang and im deeply concerned par