Risk rioting from is just something the market is ignoring right now, which is absolutely amazing. Cominge the headline through, mayor de blasio talking about the curfew for the rest of the week. Alix yeah and today is starts at 8 00 p. M. So in a businesses that are open to provide food, that is now off the table. It also may delay recovery in some states, all of this having an impact on the overall economy. We saw as a noble laureate spoke on the ship of recovery. The pattern we are going to see and are already seeing because the economies in various ways are going through this, is a very sharp drop on then it kind of bottom flat. Where thee period virus is brought back under control. It starts to look like a u. It difficult to argue that we will have a vshaped recovery. The closest anybody has come to it is china and it does not look like a v to me. Alix mark mobius, Mobius Capital Partners cofounder joins us. What are you make of what he said, as well as the pictures of the riots,
And European Council president , charles michel, for the 27th eu us summit at the white house later today. At the summit the eu is expected to try to lessen the impact of the us Inflation Reduction Act and its subsidies for electric vehicles. Theres also expected to be focus on ways to tackle global overcapacity of steel and aluminium and to promote Sustainable Production in a move against chinese steelmakers. Also on the agenda will be the Global Clean Energy economy, secure and resilient supply chains, digital infrastructure, ai and economic resilience. There is a lot for them to discuss. Joining me now from brussels is ian lesser, Vice President and executive director, at the German Marshall Fund of the United States. A warm welcome to the programme. Quite a significant agenda for those three leaders. First off, could you take us through the Inflation Reduction Act . ~. ,. , act . Well, the Inflation Reduction Act . Well, the Inflation Reduction Act act . Well, the Inflation Reducti
We thought it was going to be a quiet friday. I would not say there is a lot someise, but there is movement into safe havens. Dollaryen outflows coming through. Ind is up, a move down swissie. Suisse on theedit japanese markets and how they are changing their outlook there on japanese equities. , 4055,look at my chart very straightforward. Credit suisse is saying if you look at the headwinds facing japan, whether uncertain boj policy, a diminished case for a weaker currency, strengthening since the summer, and weve been 1. 10, a flatlining in the markets. You take those two things together and look that the buybacks are tracking lower compared to last year, so it is benchmark right now. We are no longer overweight japanese equities. Unsurprising as we move into the open of markets in china and hong kong come 30 minutes away from that. Singapore, malaysia, taiwan coming online. , sophie take us through those numbers. Sophie the yen easing gains. Markets. D response to management says th
Today will come to order. Good morning and welcome. We find ourselves this morning with a bit of challenge on the house floor. Votes may start within five minutes. Multiple role call votes may be up to one and a half hours voting on the house floor. In the interest of time, i had the great Opening Statement written by my texas constituent, i will not give it but ask that without objection so ordered. Would you like to speak or put your statement for the record . For the record, okay, guys. Moving forward we have three witnesses here. We have mr. Chadre, you guys have five minutes. The head of furk. You have five minutes. Thank you. Mr. Chairman. Ranking member rush, members of the subcommittee for the opportunity to be before you today. Before i begin my marks i want to briefly reflect on the passing of senators demin chi, former chairman of the committee and hell be remembered. Id like to start by taking a moment to acknowledge all those impacted by hurricanes harvey and irma, the los
Thank you, god bless you. Hi. Represent southwestern connecticut as a congressman and privilege of chairing the democrat coalition, proopportunityg democrats. Walking around my district in southwestern connecticut, you the sharp economic challenge we face today. In places, weeds, and windblown replaced factories that used to make everything from clothing to the weapons won two world wars. My grandpa andrew spent his life for kodak, a company that brought magic into homes around the world. Kodak employed almost 150,000 people. Five years ago, they went bankrupt. Personally, my district is also iconic innovativors like powes. These companies didnt even exist 15 years ago. Thriving retail now occupy in bridge port, connecticut, you cannot keep American Innovation down. Faster thanns today ever before. New technology and global competition. Offer w markets can lifechanging advances. Ithout planning and support, too many people get left behind. When factories close, good their lose more tha