David hawkings is the editor in chief. There are leadership elections. Explain how they go about the two parties electing their leaders and can we see any changes . We will see some so, they meet in caucuses, different causes. No surprise here. The things are happening a little bit differently this year because of the pandemic. The Democratic Caucus which is happening the first of the meetings is happening today. There is a virtual opportunity for members to stay home, stay in their districts and cast the votes in the upcoming leadership elections using a secure app that the democrats have come up with. We wont see any changes at the top. The republican leadership, kevin mccarthy, steve scalise, maybe, maybe not liz cheney, thats staying the same. Were not seeing any changes at the top there either. Remarkably long run of nancy pelosi as the leader and jim clyburn of South Carolina as number three, thats all continuing. Thats continuing for a into a 16th year. Its a remarkably long run
Chairman of the American Enterprise institute or trustees. Its my pleasure to welcome you to aeis irving urban kristol e summit, featuring renowned scholar nicholas eberstadt. Nick holds the chair and political economy at aei. Nick is being honored with this years Irving Kristol award and is simply put one of aeis and americas great intellectuals. At this moment in our nations history, his work and his lecture today will point the way forward for our country and offer a vision for how to revitalize our nation and oppose pandemic world. His scholarship and that all of aei scholars has served to help americas leaders navigate our nations the story challenges throughout the course of this year. Although many challenges still lie ahead, aei is wellpositioned to meet these headon by supplying the visionary thinking and actionable policy solutions that our nation needs. Aeis college will promote free people and free markets, increased economic and social mobility, revitalize constitutional o
Pips. We are looking at the rest of asia doing this. 1 8kospi index down about of 1 . Some updatese, here on what happened yesterday. Military saying it is on high alert in that part of the world. Today,the top stories just a couple minutes ago, we did get confirmation out of the pboc, adding more funding to the system here. It is trying to guide the economy through a rough patch. A smaller chunk, 2. 95 . Jason. Us now is pleasure to have you. Good morning. Your top thoughts for today. What is top of mind for you . At chinas liquidity guess first the primary liquidity facility, but it does also add to the positive growth picture for china, especially on a relative basis. Covidast because the situation has been continuing in china. When you couple that with Strong Capital flows and improving current accounts balance, it doesnt mean the fundamentals are quite good at the moment. Note, and i guess on that many people say go long against the dollar. Your trade is the currency against the i
My name is dan, chairman of the American Enterprise Institute Board of trustees. It is my pleasure to welcome you to the urban lecture it summit, featuring nicholas eberstadt. Tok holds that henry went chair in political economy at aei he is being honored with this years award and is one of aeis and americas great intellectuals. At this moment in our nations will pointcks work a way forward for our country and offer a vision for how to revitalize our nation in a postpandemic world. Nicks scholarship and all aei histori navigateders historic challenges. Meets wellpositioned to challenges headon by supplying the visionary thinking and actionable policy solutions that our nation needs. Aei scholars will promote free people and free markets, increased economic and social mobility, revitalize constitutional order, bolster american civil life, and promote americas leadership in the world. On behalf of all of us at aei, thank you for your support that makes our vital work possible. In the spi
Earlier bonds had been higher, as was the case yesterday. Yesterday i was speaking as that is one side of uncertainty. Even though stocks have been higher, bonds higher. On this news around President Trump said to have approved a broader stimulus plan, bonds are now lower. This tells you investors have some confidence a deal may get done sooner rather than later. We have heard so much back and forth on this narrative you will have to believe it once you see it, one something is agreed to and signed if that happens. David it is a little like lucy in the football. It feels like that right now. Thanks to Abigail Doolittle for a report on the markets. We have been looking not just at the polls but at Market Metrics showing how investors are pricing the outcome of the election. We welcome david hunt, president and ceo of pgim. Lets start with the breaking news. We just heard abigail say investors are getting their hopes up, maybe there will be a stimulus bill. Does this get your hopes up .