It is still up 1. 9 , but bit by bit we are lower across the globe spirit still positive for most of the groups. We are a racing that massive gain of earlier today. The 10 year down a few basis points. We are awaiting the fed action at 1 30. We will see what happens out of that. The dollar index continues to be strong. The euro is weaker, so his british sterling. We are even seeing massive moves for the yen today. Crude oil is down. 2 . It has a its gain as well. Guy the World Health Organization now saying europe is the epicenter of the coronavirus outbreak. You can feel that a little bit in terms of some of the price action today. The stoxx 600 is positive, it is off its lows. A few moments ago the dax went negative on the day. This is not a convincing rally. It is of course friday. You want to carry positions across the weekend . We are seeing a considerable move when it comes to what happens in the bond market. By 17 year is higher basis points. You are seeing a similar move at the
The Company Stocks of prices at 39 and rose steadily. Even as we worry about the economy ahead. Silicon companies are marching towards this. The ceo of forge which allows employees to sell shares before the company goes public. Lets start with this idea of these companies that are not yet public, that are so big. Give me a list. Spacex would be one. What else is on this list of companies we are waiting for . There are 40 companies today that are the size of what used to be a large Cap Public Company that are still private and these companies are now staying private for an average of 12 years, 10 years ago or 6 years. We talked about why companies are staying private, whats your opinion on it . Companies are trying to change the world and building something new and global. In the case of spacex, the most Cost Effective way. It is taking longer for them to mature. Because they have such great access to capitol, internationally, they dont rely on previous systems of Venture Capital. There
Year. We have one trading they left and a lot of news to cover. Geopolitics with russia and the u. S. , but also market movements and volatility in currencies in 2016. First, lets get the first word news. Here is sebastian salek. Seb a ceasefire agreement came in effect in syria overnight after russia and turkey announced he had brokered a deal they hope will pave the way for a peace settlement ending the civil war. The move sidelines the u. S. , which had led peace efforts without success. But most recently, a similar ceasefire negotiation collapsed after a week in september. The bank of italy has said the rescue of monte dei paschi will cost the state 6. 6 billion euros. That comes less than a day after the European Commission approved a Liquidity Support Program for the Worlds Largest oldest bank. Under the rules, banks could not benefit from general support schemes, so they had to green light a special decision. The euro surged as much as 1. 6 against the dollar in asian trading ov
Pmis, this is essentially data that came out before brexit. We had the vote last friday. Juneacturing pmi for rising. Germany manufacturing came out five minutes ago. Thats rising at 54. 5. The picture for eurodollar at 1. 1108. Lets get you what the european stocks are doing overall. Asian stocks were gaining a touch. I guess we lost a little bit of momentum in europe. Worldou look at the msci index through the week, not adjusting it for currencies, at the same levels we saw last friday. 0. 1 . X index gaining lets get to the first word news. Nejra data out of japan shows another lackluster month for the worlds Third Largest economy. Retail sales and Household Spending stagnated, and inflation fell 0. 4 from a year before. Manufacturers Confidence Health study, although the survey was almost wrapped up by the time the brexit turmoil emerged. The latest figures show chinas Manufacturing Sector treaded water in june. Pmi fell to 50. The services sector, he continue to improve with the o
So he saw very much as a social world that is an Incredible Connection with the past. He had a desk in 1939 of course, George Orwell through the story that i tell so i think that is that part of the book. Thankyou so much. Ladies and gentlemen, with that connectedness and contagion. Here it is. If you did not notice we have copies for sale you are welcome to buy a copy into autograph them during the reception that will follow immediately after the panel. And here we are to discuss a very old problem. Lately how best to survive financial old panics across the centuries and servile the contagion of fear and distrust as they try to withdraw from risk to protect themselves irrational strategy but much more pressing with scholarly detail what were they able to do with the next panic . That most assuredly will arrive sooner or later. Two centuries ago they accurately observed, on extraordinary occasions a general panic may seize the country when they possess themselves of preciousmetals and