Has been a tumultuous quarter. Plus, a rough quarter for ipo shares of ab inbev and Bernie Sanders corporate tax, the 2020 president ial hopeful out with a new plan calling for a tax on companies that pay their ceos way more than their workers it has been a roller coaster ride for stocks in the Third Quarter as we enter the final trading session of q3. Dow and nasdaq aiming for a Third Straight quarterly gain. Mike, awe kn mike, as we know, we went into the month thinking big, bad and scary. I think thats actually the story for the quarter too, the market held itself together and preserved these levels it was at, just about at old highs. Without really a ton turning for the better the way you can look at it is the cost of two and maybe a third fed rate cut was not that steep in the way of suffering through really bad growth or any real stress in the Financial System just yet. So but it does feel tenuous, feels as if the market is sort of maximized what it had to work with to get to thi
Weak tln weakness there. You did see the dax is down by 0. 8 . Losses by more than 1 in germany. The cac is down by 1. 3 . Take a look at the benchmark, tenyear german bund, turning negative, 0. 013 . That comes after pressure on treasuries around the globe yesterday. You saw the u. S. Tenyear, yelled was at its lowest level for sometimes since 2012. That was 1. 6 . This morning, even lower, 1. 586 . When you check out the 30year, 2. 58 . And the nasdaq bass down. And shanghai composite managed to hold on to gains, hang seng was down by 0. 6 . Crude oil looking to decline. Wti. And the brexit vote and the most recent polls, the latest yougov poll now giving the leave campaign a sevenpoint lead if you can believe this over remain. 11 undecided. 4 wont vote. Other polls are also putting leave ahead now. Two icm polls, one online, one by phone, finding outholding 4353 support. Betting aulds on brexit are now narrowing a probability of a vote to stay in the eu fell to 59 . Thats down from
To fund 2014 transportation and housing programs as well as a bipartisan compromise bill to address the doubling of student Loan Interest rates. The senate is back today at 2 p. M. For general speeches. Later, members resume work on a 54 billion spending bill for transportation and housing programs. Theyll debate the nomination of james comey to be the next director of the fbi, a vote to advance the nomination is expected at 5 30 p. M. Eastern today. Also this week members will consider three nominees to the National Labor relations board. You can watch the house live on cspan and the senate here on cspan2. Cspan, created by americas Cable Companies in 1979, brought to you as a Public Service by your its provider. By your television provider. Of. Host and we want to introduce you to Robert Mcchesney, a Communications Professor at the university of illinois at urbanachampaign, hes also a cofounder of the group, free press. He served as president of that group for several years, hes curr
Cspan created by Public Companies in 1979 and brought to you as a Public Service by your provider. We want to introduce you to Robert Mcchesney thomas a communication professor at university of illinois at urbanachampaign. He is a cofounder of the group free press. He served as president for several years. He is on the board. Professor mcchesney is also an author. Here is his most recent book called digital disconnect of capitalism. What this your pieces in a digital is connect . Internetsis is the began with extraordinary promise for democratizing society and making the world a far better place. Some of it has come true. Much of the has been turned on its head largely due to commercial pressures that is change the course dramatically. Internet,redirect the the future is not necessarily going to be as glorious. In your book you talk about the need to look at the internet through elliptical economy. What do you mean . I think the problem with we downplaysinternet capitalism. That techno
Authors and Writers Group for several years at the college. Here is his most recent book, digital disconnect. Professor, what is your feature in the book digital disconnect. Guest it has been about making the world a far better place. It has to do with the large commercial pressures that have changed the course of the internet dramatically. Unless we redirect this in a better path, future will not be as glorious as we once thought it was. Host he talked about the internet through political economy. What do you mean . Guest i think the problem that we have when we study the internet is that the importance of capitalism and the relationship of capitalism to the democracies downplayed. Technologies are having a super power over society. I think that we sort of need to go back in with the classical relationship of democracy and see how the internet fits into that to get a sense of why the internet has evolved to where it is going. That is why i talk about physical and economic analysis. Ho