She is the bestselling author at the netbook on the Global Economy and Financial System is going to be published later this year. Please join me in welcoming our host. [applause] good morning. Thank you for that very kind welcome and welcome to the first session of this years conference called the return to volatility. I think the subtitle of that could be yikes, what is going to happen next . The role has been thrown at ordinary decade. First we had a gigantic credit bubble and then an even more shocking Financial Market collapse is not battle turbulence and then we had a truly staggering policy response. It has in many ways typical of Financial Markets into the equivalent of alice in wonderland. They reckon that 1020 of aid was provided by banks. We have had a debt increase of 57 trillion according to mckenzie. Much of that actually has come from china. We also live today and it rolled extraordinarily long yields. You have a number of companies that are issuing at negative yields. It
Programs for this weekend on the cspan networks. Politicians, white house officials and Business Leaders offer advice and encouragement to the class of 2015. Speakers include former president george w. Bush and the chair of dreamworks animation. And at 9 15 p. M. , former Staff Members reflect on the presidency of george h. W. Bush. Former secretaries of state give commencement speeches. Book tv isnt new york city with events from book expo america beginning at 10 00 a. M. And live callin segments throughout the day. Sunday evening at nine, on afterwards we look at the case hollingsworth d perry v perry. And not American History tv, on cspan3, this evening at t 7 00 p. M. Eastern, first ladies have had the most impact on the executive mansion. As of the afternoon, the life and death of our 20th president who served almost two decades as a congressman from ohio and was assassinated 200 days into his term as president. Last month saudi arabias interior minister was named nexen line to th
The round number watch continues. I love it. Coming up later on closing bell, a big news maker, Prince Alwaleed Bin Talal al saud. Hes been asking saudi arabia to diversify because of the natural gas explosion and fracing in america. Well talk about how hes allocating capital. Which includes big stakes in citi, news corp. And twitter. Dont miss that. We hear he made 600 million on the twitter investment, on the ipo there. Unbelievable. More fallout from the new health care law. A new poll of midsized american businesses shows theres a trend to move workers to parttime status due to the mandates of the law. This is something the white house has been pushing back against very hard. But these numbers tell a different and disturbing story. Were going to have more on that. Stay tuned for more results. Bill, a lot of people pushed back on this whole idea. I reported this first on meet the press and got killed on twitter for it because people disagreed with it. Now we have these results. Want
And at 70, hes not slowing down. Meet the pilot with a fistful of speed records and a handful of hand built planes. All this and more on cbs this morning saturday, may 10th, 2014. Captioning funded by cbs and welcome to the weekend. We also have a great lineup of guests for you this morning including chef zack polaccio from the food network. Hes become a leader chef. Plus a very talented mom. Shes here with a mothers day performance and her grammywinning son. Thats ahead. First, the top story this morning. A fiery crash of a hot air balloon in virginia. Witnesses say they took photos and saw flames and heard screaming screaming. Police say the balloons gondola caught fire after it hit a power line. Police worked overnight to try to find the wreckage. Good morning. Reporter good morning. At daybreak the search zone expanded for the crash site as well as the pilot and the two women aboard. The area here is h out the day, making memories with their family and then not coming home. Reporte
Reexamine their plans for the 2020 olympic and paralympic games. Prime minister shinzo abe talked to the leaders of bangladesh and sri lanka over the weekend about important issues, including the economy and security. He is now on his way back to japan after his threeday visit to south asia. Japan has long been the top donor to the two south asian nations but china is increasingly flexing its economic muscle in the region. So abe is playing catchup. Reporter abes visit to sri lanka on sunday was the first by a japanese Prime Minister in 24 years. The nation is close to sealing a pact with gentlemayea japan. Crude oil is shipped along this route. Abe and president paxar agreed to launch government talks to ensure safety and uphold the freedom of navigation in the indian ocean. Translator sri lanka and japan are both nations that share values. Weve agreed to extend our friendly relationship to a new partnership between maritime states. Translator i thank japan and its people for the supp