This weeks peter on the communicators, we want to introduce you to daniel castro. Groupstro, what is that and what do you do . Daniel well, im with a think tank. We focus on innovation, generally. Were interested in seeing innovation move forward. Peter can you give an example of that what you are in favor of . Daniel 10 years ago, we werent talking about artificial intelligence. Theres this new wave of automation. But we were thinking about the policies we would need to get there. We try to help policymakers get ahead of the curve on some of these issues. Peter who funds i tif . Daniel we have a full set of funders from corporate donors, individuals that support our think tank. We work on a lot of different issues, so we get support from those interested, everything from i. T. Issues to biotech and energy. Peter so for our purposes here, is it fair to say that large corporationsy are part of them . Daniel absolutely. I think these companies were all early supporters because they were
Plus Consumer Confidence slips but less so and bill dudley says the fed shouldnt enable the disastrous path of trade war es ka ligs and should attempt to influence the election not cutting rates further. We have it all coming up in hour joining us for the hour is steve grasso here at post nine good to see you. Good to see you. A wobbly session today in terms of the market. Up on the dow. That didnt hold but we are also kind of oscillating off the lows here still within this monthlong range. I think its about yields german yields, negative yields around the world probably heading even lower from there and taking the equity markets with it. Thats it from the 50,000 foot up and now trade headline, dudley today writing today and trump tweeting dudley in any other news day i think dudley should have been the focus from start to finish but when you have rates and when you have headlines on trade that kind of gets lost in the shuffle and been covering it quite well but that to me is something
Yes, it is now a consumerdriven economy. We do want to alert you to new protests in hong kong. Nothing major so far but its just 9 00 at night over there and protests generally pick up steam in the hours before midnight. We cover this because these protests are a wild card in the china trade talks. They could affect our market and because we respect the courage of those youngsters demanding freedom. Now this. There you go. Which is the real Elizabeth Warren . Take a long, hard look. I couldnt tell but we will let you know who is who on the show a little later today. And watch this. This is another internet optical illusion. Take a long hard look at this one. Is that a bird or a bunny . Be quiet, ash. To me, its clear. But our production crew was split. How unusual. We have a big show and its on its way for you. Varney company is about to begin. I am the chosen one. Somebody had to do it so im taking on china. Im taking on china on trade and you know what . Were winning. Because were th
Ahead of the curve on some of these issues. Peter who funds itif . Daniel we have a full set of funders from corporate donors, individuals that support our think tank. We work on a lot of different issues, so we get support from those interested, everything from i. T. Issues to biotech and energy. Peter so for our purposes here, is it fair to say that large Silicon Valley corporations are part of your funding operation . The googles and facebooks of the world . Daniel absolutely. I think these companies were all early supporters because they were interested in the idea of how do we proceed quickly and innovation. Peter you are the director of itifs center for data innovation, which is what . Daniel we have a Research Center focused on these issues around data. I think for a long time, policymakers realize they had a few different levers of government. They could tax things. They could spend money. They could regulate things. Part of it was to say you can think about how you collect and
Right now. Lets get it started lets get it started in here good monday morning and welcome to Worldwide Exchange im dominic chu in for Brian Sullivan today here is how your money and the Global Markets are setting their day up, at least to start. Stock futures indicating the dow will open by about 215 points. The s p up by 23 and the nasdaq up by 61 points as well. The bond market right now is already in focus because yields are creeping higher. The yield on the tenyear treasury note right now currently just around 1. 61 . The twoyear note yield 1. 53 . So for those keeping score, that eight basis point spread between the two getting wider after an inversion that briefly happened over the course of the last couple weeks lets go worldwide now in asian trading, Central Banks in china unveiled an Interest Rate reform aimed at helping Lower Borrowing cost for chinesebased companies. That in turn helped send the entire market in asia higher the shanghai composite up by over 2 . The hang son