Macro data, the president at the g7. Europes on pace for a down day. Ten year, 2. 23. Durables are down for first time in four months. And oil still below 49. Our road map begins with quote very, very bad. The president s comments on germany and trade are in the spotlight. Plus amazon is near 1,000 a share. Will that run continue . And the surprise gdp revision, higher for the First Quarter. First up though the germans are bad, very bad, thats the what the president reportedly said in brussels. According to the german publication der spiegel. He voiced displeasure over the trade surplus. See the millions of cars theyre selling to the u. S. , terrible. We will stop this. A lot of discussion about what was lost in translation with the germans. Gary cohn trying to clarify what the president meant on russian sanctions, but not the first time that he has been critical of the trade and german out makers as well. Cohn said he was saying that the automakers are very, very bad. Not germany, the
Tghngeysss r trp mist. Toy,helee r u tre al itilop uou dcuio toy ainyo tgi u tugs ts eson r ador wt kw uee abt jotre reen thbefiorosinoupa ofheoury reblancaca a 2 801. Moatt 027480 inpeen, 027480. Itr dacootusn vy odueorngo yo pocyod apath efhi wk stl vapocysss ci t inmi tmpdmisatn. Up iin t mthbere e econututhi pl shinth oics w adasn pouny r onicrohrgh crseu. Eor. s tdes thato e yrofoimrt crs ts fo t het t cpanean na tmptre onshe pa ohi cpan sse. D ctieso lkbo tre tgh tms a t da a wksft elti. Eaieth mthn aba. Nc cna jnewod adorniti. Sd 00 atheum i00 ithgrte j tftn e sty t. F efit ilg k. . Weilbrg k. [alae] a w wl ten ag oan bth igcotrs. Wl ve n picfoa ng te. It hnbe ts y. Caedmeca. Ppus ndf cpa wts fi tirorrsndea t ste ba o anheta f ath uny tn iphe n pruc racin o cotrthuga roorr t w,he dth. Th c me e odt d in iin f nhi. U w atd tharer ndior. Goy rrr. Eyer gat weavthsas ppl i yolo aitro a fil dpnto ll he gr rimainna d he nyf osth ppin tt,ifwa tdo a gngo po 3ax onho pdus cin oucotr ando
Tuition. What new York Governor Andrew Cuomo is proposing for two and fouryear degree are for state klemps for low and middle income families. Sounds great. But its one part of paying for an education. That is our cover story the cost of college. If you come from any family earning 125,000 or less, the state will provide free tuition. The average cost of tuition at a Public College nationwide is approaching 10,000. At private schools its more than 33,000. But thats only part of the actual cost. Room and board averages more than 10,000 at public klemps and even larger expense in tuition. Nearlies 12ds,000 at private schools. More than 20 million americans attend private or universities and many taking on massive debt. In 1996 the average College Student graduated with nearly 13,000 in loans. The 2016 graduates that number nearly tripled. It should be a wakeup call to this nation if you really want to be competitive globally we have to have the best educ e educated work force. So is Gove
Where european equities are trading, with just under 13 minutes to the close. I have across asset picture of western europe looking at gnma. Switzerlands smi up 1. 1 , one of the best performers in western europe. Portugal higher, up. 5 . Gains in luxembourg, denmark, belgium as well. In the fx space, a lot of it is about the weaker dollar story today come even though we had a stronger dollar story for the past couple of weeks. First up. 5 , the swiss franc at. 3 as well. Ae dollar basically comparing weekly advance. The bloomberg dollar index falling from a decade high. In terms of whats happening in fixed income, we are seeing 10 year yields coming down, and the periphery down eight basis points in portugal. Also down five basis points today in italy. We are also seeing the 10 year yields coming down on the german blonde. The german bund. Thoseker oil price around concerned that there isnt going to be a deal reached at the opec meeting on november 30. Brent crude down 2. 7 , 47. 56 a
Overnight in asia, the markets in china, hong kong and taiwan all closed for dragon boat festival. And early trading in europe, also red arrows. The dax is the biggest decliner. Down 1. 25 the cac and ftsi boat down 1 . Wti down but still well above 50. And george soros front page this morning. A bearish soros is lured back to trading again. Getting back into the game. Soros recently directed a series of big bearish investments, semiing stocks and buying gold in shares of gold miners. And in an article he warns the falloff from ununwinding of chinese investments likely will have global implications. Soros is worried that continued inflation in china will hurt the u. S. And others. And he say s telling the jou if britain leaves it could unleash a general exodus and the disintegration of the European Union will become practically unavoidable. Soross best known trades of course he bet against the pound in 1992 in a trade that led to 1 billion in profits. We know what the markets done. Som