We will be live in zurich assessing the credibility of that news. This story has been knocking around for quite some time. At some point hopefully it does go somewhere. Lets talk about where we are with markets. Markets getting attraction on the others of the pond. In europe we are barely making any ground. The british pound has been battered over the past few days. Maybe a pause before we see the fireworks return from the brexit debate. We also have the bank of england on thursday. There was a significant downgraded by moodys of turkey late last week on friday. The payments crisis is what the Payments Company is talking Credit Company is talking about and we are continuing to see stress in the system surrounding turkey. The lira fairly flat. More, kaylee, about the u. K. More insight on the debate over Boris Johnsons plan to rewrite the brexit debord divorce deal. As the market appropriately pricing and or does it need to reprice in the near future the risk of a no deal brexit . Bhanu
Mr. Mr. Oxman, who do represent . Guest ipi is a crystallization of the technology sector. We represent 70 of the Worlds Largest and most Innovative Technology companies. Weve been around for 103 years, founded in 1960 at the association of business appliance manufacturers, scales and time clocks and over those 103 103 years our industry has changed and so has iti. Our representation of tech Sector Companies is quite profitable. Host how did you get into the splendid work . Guest i been in d. C. Close to 25 years. I came to work on broadband policies after the 96 act passed at the federal communications commission. Ive been involved in the tech policy sector, worked at the fourth trade association. Iran the Payments Technology industry before joining iti. Host as you well know there are several trade associations that represent tech, and some of the companies that represent our members of a lot of them, dell, adobe, google, microsoft, et cetera. What is it that you do differently . Gue
Brocaded, different internet for different people . I hope not. We saw china take steps in that direction. Russia announced their desire to create a russian internet. That moves us in the wrong direction. We are a global economy, a global people. The Technology Industry is focused on deploying Innovative Products and services that connect us all. I fear that in some circumstances, we are moving in that direction. China and russia being two examples. I hope we do not end up there. That is not where we want to be. The risk of that israel. The risk of that is real. A lot have business in china. Has it become hard under this administration to do this with china because of the concerns with cybersecurity and issues we have seen raised by trump, but also by congress . These are important issues. To. Companies Pay Attention National Security issues. It is not just a u. S. Issue. Every nation is charged with protecting it citizens at a nations take different approaches. What we have seen from
With that association . Iti is the trade association of the Technology Sector and we represent 70 of the Worlds Largest and most Innovative Technology companies. Weve been around for 103 years founded in 1960 as the associated of business appliance manufacturers, things like scales and time clocks and the like. Over those 103 years our industry has changed and so has ipi, or a presentation of tech Sector Companies is quite broad. Host how did you get into this line of work . Guest ive been in dc for close to 25 years. Came here to work on broadband policies after the 96 act passed at the federal committee cajuns commission but ive been involved in the tech policy sector and since then worked at the fourth trade association most recently a red led the industry before joining iti. Host as you will know there are several trade associations that represent tech and some of the companies that you represent are members of a lot of them. Dell, adobe, google, microsoft, et cetera so what is it
Cigna came in with great earnings and a revised higher fullyear forecast. The stock taking a bit of a dive down 2. 5 . 5 coming up, we will hear from the ceo David Cordani after that result. Guy lets talk about what is happening in europe. The oil sector is lower because of shell. The Mining Sector is down. Chinese pmi data was super weak overnight. That is what we are focusing on, particularly the manufacturing side. Weve got this sorry surrounding what is going on with the trade narrative. The lighthizer deal, basically the chinese arent convinced. Volume is reasonably good today. We are seeing a big moving yields, as you can see. Bonds are bid, yields moving lower. We are 41 on the german tenyear. Chinese data is feeding into that story. Treasury yields moving exactly the opposite direction you would have thought if the fed is going to stand pat from here. Keep an eye on the 97 level on the dxy. Eurodollar, 1. 11. We are absolutely flat on the session. Vonnie the fed cuts for a Thir