The deal he this number pivotal ahead of tomorrows opec meeting. P. M. , the twoyear had a did to cover ratios yesterday, the highest in a year so watch the option. , whent the fomc minutes it decides to leave rates on home. How does the Balance Sheet pay into that . Robert kaplan and Neel Kashkari will be speaking. David it turns out china has a lot of debt. We may have known that before, but it is official overnight. They downgraded chinese debt for the first time in 30 years. The Senior Vice President had this to say about the decision. Be a gradualto erosion of credit metrics. We are looking at the policies the government isnt lamenting. The authorities have recognized the risks with high leverage and have a very broad structural reform. We think that counts to the point where leverage will increase more slowly than it has in the past. Still, these measures will not be enough to reverse the increasing leverage. David joining us now is chief economics correspondent for bloomberg. It
Mark lets get the bloomberg first word news. Here is sebastian salek. Sebastian theresa may says parliament should be allowed to taking britain out of the european union. Seemed to come after they dumped the pound of a concern the pm was taking a gung ho approach. By a third following the note 7 crisis. The company said profits will come in at 5. 2 trillion one, won, down. Llion donald trump has gone on a twitter offensive, blasting Paul Reid Paul ryan as weak and ineffective. The shackles have now been taken off of him after ryan condemned his comments about women. The nominee continued his campaign speaking in panama city. This election will determine whether we remain a free country , or we become a corrupt, banana ublic controlled by large and foreign governments. The election of Hillary Clinton would lead to the destruction of our country. Againstn fraud charges to a junk rating according to investors. The possibility of an increase in borrowing costs back on the table. He was sum
Quarter progressed really hit the company among all these retail concerns. Joe an ugly day all around, Consumer Staples losing, Consumer Discretionary energy being one area that was positive. In looking for companies or sectors that did not decline, take a look at that xle. Oil and Gas Companies make up the only sector that did not drop. This was along with oil prices. Also, Transportation Needs seemed to decline. Shipper reaffirmed its guidance, but Rising Oil Prices ending t demand, improve their oil barge business. Joe in the Government Bond arena, weve been watching a spread between the two year and year at its ten flattest level since late 2007. 210 spreadsheet continuing to flatten out today. Data, thehat cpi housing start pushing the dollar firmer against the yen. Perhaps a sign that investors are cutting back on negativity surrounding the dollar. Joe on the commodity front, we mentioned Energy Stocks. One of thing down today, milk prices. This is good news if you like serial, d
Congress would approve it. Im confident if we reach a verifiable and assures that iran does not have breakout capacity, that not only can i persuade congress, but i can persuade the American People that it is the right thing to do. Iran has said its new Clear Program is only being used for peaceful purposes. Here at home, republicans are stepping up their offensive against president obamaS Immigration order. Senator ted cruz of texas as the president can impose his own immigration laws unilaterally, the next president can impose his own laws as well. He spoke on fox television. For four to five main people here illegally, his promising to print up and get work authorization, essentially, he is gotten the job of counterfeiting immigration papers because theres still Legal Authority to do what he is doing. Ted cruz says he has a solution as long as the president S Immigration order is in effect, the senate should refuse to confirm any of his nominees except for crucial National Security
Or Justice Bieber got a haircut or taylor intift moved back to new york. Rose fundee for charlie rose is provided by the following rose funding for charlie rose has been provided by rose additional funding provided by and by bloomberg, a provider of multimedia news and Information Services worldwide. Captioning sponsored by Rose Communications from our studios in new york city, this is charlie rose. Rose tom friedman is here, a Pulitzer Prize winning author and Foreign Policy kohls upist nor the New York Times, 2014 presented a convergence av conflicts for president obama at home and abroad. The crisis have not deterred him from faking eck difficult action to enact fundamental change in his second term. In beijing last month he announced a historic climate agreement between the United States and china followed by decisions unilaterally grant protection to nearly 5 million undocumented immigrants. And on wednesday he made history again with his announcement to do away with the half cent