Lay bac [speaking in native tongue] [speaking in native tongue] [speaking in native tongue] [speaking in native tongue] thank you for being here. It is a great honor for me to be here. Im somewhat intimidated even though it several years since the Prime Minister in the president were in office, im still intimidated when im around them. I do want to point out, our titles start with the same words, former [laughter] so, that makes a sort of equal if i had heard you before [inaudible] [laughter] you would have a lot of reasons to take that back. Its so bright, i cant see, but i know ramon is here somewhere. Over there, i wanted to acknowledge ramon who was actually my partner when i was a master. He was the canadian ambassador to the United States and was a remarkable Career Foreign Service officer for canada and we did work very well together, which i think is a model for how ambassadors should work. President clinton looked for a nephew to him. Ive asked her to canada, couldnt find one
Its drive to create a Global Television network. Shares and costs are rising as subscribers switch on. Have amedia influence, i cool chart that shows a much immediate talk is affecting the market. Btv 5195. The blue bar you see on the bottom, they represent how many times you hear in the media, buy the dip. Since 2002. The more you hear this, particularly in the last several years, the higher the markets go. Maybe we have solved the puzzle. Why do these markets keep going up despite all these terrible headlines . Us, really. On saw interesting moves overnight. Not just stocks but also with dollar treasuries. He really is becoming more of a serious contender. Thet yellen speaking with president this week as well. I would love to be a fly on the wall at that meeting. John taylor now emerging as a front runner. The markets as you mentioned, they continue to move higher. We were reaching records again for the s p. The dow gaining 85 points. Nasdaq also higher by 3 10 of 1 . Not really gett
David einhorn says it is putting inadequate and dangerous products on the road. Betty not one to mince words, David Einhorn. May be it is frustrating him overall because it is an example of the stocks that had been lifting the market that he has not been a part of because he is a value investor. I wanted to show a chart for our which showsbtv 440, you how much value stocks have lagged behind. More than half, in terms of growth over the last year, behind the growth stocks, the. N. G. s, the tech stocks. Buy into stocks like amazon and tesla not the boring old value stocks. Yvonne he is not the only Hedge Fund Manager that has been lamenting this. Is he waving the white flag too soon, given the rotation we saw . We did see more buying into the value stocks like the financials, theyre are up 15 in september alone. Going the other way. Perhaps he is speaking too soon breaking outelds to 2. 4 percent. Could be adding fuel to the fire in this bank rally. Betty i would be curious to hear what
This monday morning. Im frances rivera. This morning the Trump Administration is playing defense. Sally yates the former Deputy Attorney general and one time acting a. G. Is set to give her bombshell testimony before congress rebuking the white house on the secretive details that led to then National Security admizer Michael Flynns resignation. There are continuing questions on what if any coordination the trump team may have had with russian operatives. For more were join by tracie potts. What revelations are we expecting from yates this morning . Sally yates said she warned the white house, the white house said she gave them a heads up and discrepancies or possible discrepancies but they said she warned them that then National Security adviser mike flynn could be blackmail ord compromised by russia because he wasnt being forthcoming about his meetings and interactions with the russians including with the russian ambassador. He ended up getting fired because the Vice President went pu
Since world war ii, says Angela Merkel, are somewhat over. Matt lets check in on the bloomberg first word news. First off for that we go to taylor rigs. Taylor starting with the story in germany, the german commands lower Angela Merkel is signaling its a new era in europe when it comes to ties with the u. S. She told a Campaign Rally that relyal reliable relations forced are somewhat over and europe must take destiny into its own hands. During President Trumps trip he called germany very bad and blasting allies for not spending enough on defense. A member of President Trumps cabinet is downpraying reports that white house advisor jarred kushner was seeking secret communication with russia. The u. S. Homeland john said is was no big deal. They spoke to russians ambassador and proposed a back channel between the Trump Transition Team and the kremlin. Many of british airplanes computer problems have ended but the chaos is lingering. The airline is trying to recover from a Massive Technolo