The humanity needs to be seen in terms of during slavery, owning one as a status symbol and then having the domestics as a measure of ones worth in society. Having your humanity denied this but the concept of visibility is trying to get at. You can watch this and other programs online. Charles murray proposes his plan to replace the current welfare system by setting up a universal basic income. He is in conversation with the former chief economic adviser to Vice President joe biden. [inaudible] in indication that we generally enjoyed talking to each other about issues which we disagreed and i dont even know to the extent on the topic. I had published a book on this in 2006 and have been interested in the concept since the 1980s. Saying we couldnt afford it right now with the same budget we had a code by 2011. I was actually off by a couple of years back w that we past bae break even point past 2009. Its going to get worse if we think of it over the next several years because we do have
Points, the s p by nearly 20, and the nasdaq by about 57 points. Also being helped, im sure, by the news from china. What do we think about this . I saw the rally in oil prices on friday. Basically a rumor that you were going to see Something Like this. If its contingent on iran and iraq both playing along with it, that raises all kinds of questions. Seems to be the same caveat weve heard over and over again. Iran has theyve walked back some of their more explicit talk about ramping up production. Still, theyre so eager to get back in the markets. And iraq is desperate too. Lets not forget iran boosted output a month ago by 500,000 barrels a day. If saudi arabia and russia and whoever else want to get together, they need to get iran in the room. And lets not forget that a freeze is not the same as an output cut. If demand grows, then theoretically supplydemand will come back into balance. If demand slows because of china, the freeze leaves the gap where it is. Oil is still under 30 a b
The hang seng was up about half percent. And the shanghai up about. 6 . The European Equity markets. This is the early trade. Relatively flat. The dax is flat. Cac is down less than. 2 . The ftsi up about a. 25 . And the italy index about 1. 5 . And spain just over 1 . And up about 0 30 cents. Brent up about 33 cents. Couple of big stories this morning. Bp reporting overnight. Quarterly profits dropping 80 . That topped expectations, oddly enough. The company says it now could cut Capital Spending further as a result. Ceo expecting prices to recover towards the end of the year as pruszers stop work on fields and demand strong returns. Also dupont is raising its full year guidance. The chemicals and seed producer planning to merge with dow chemical but last year regulators needed more time to review materials related to the deal. And today were expecting results from dow components 3m, numbers from Pharma Company eli lilly and hear from its chairman and ceo at 7 30 eastern time. And fac
Yellen, bernanke, volcker and greenspan speaking at an event last night. Hank paulson coming out swinging against actions his former agencies took on former tax inversions. Shares of gas down big after reporting march was a challenging month for the retailer. Well look in on the state of retail. Just days after the Treasury Department announced new rules which had the effect of breaking apparent the giant deal under which pfizer was acquiring allergan, hank paulson was on squawk box and said Companies Need to pay their fair share when it comes to taxes but also criticized the Treasury Department. Were a nation of laws and rules. You cant change the rules you shouldnt be changing the rules after the facts and changing them and changing them and changing them again. That is something that ian reed, the ceo of pfizer said in an oped yesterday and something that brent saunders, the ceo of allergan said on this set a few days back. Theres been across of criticism at treasurys move and seems
Negative and s p is back in the black for 2015. Show you what is happening in europe where you see european stock extending their december losses. European stocks are down 4. 5 for the month. Red arrows across the screen with germany down 1 . Germany is closed tomorrow for the you new year holiday. Treasuries selling off, yields sharply higher in light trading. Big story has been in the two year bond yield where weve seen the highest level since back in 2010. Crude oil under pressure, that is hurting stocks. Wti just back over 37 a barrel. Drench t brent actually trading high. We begin with amazon and google hitting alltime highs. Will the s p be able to close in the green for 2015 . Its another win for carl icahn. Bridge stone says it will not counter his off for pep boys. And apple will settle for failing to pay taxes between you 2008 and 2013. So stocks poised to open lower. Data from American Petroleum institute indicate supplies building in crude supply. Report due out in about 90