Despite fears that continue to permit. The bait in the bond market continues. Down five basis points from the 10 year. Out, 47. Ly wiping you will have a lot of paper from banks that lend to producers. We will bring you the latest market moving news from all over the world, from hong kong to washington to new york, our bloomberg voices are on the ground with this morning stop stories. We begin with asia. The death toll is climbing, cases worldwide are above 82,000. Saudi arabia halting religious visits, well japan asks for all schools to shut from march 2. Stephen engle joins us from asia. Stephen it is significant because it is the first time we have had more new confirmed cases outside of china that inside of china. It could be because china has a great, on this or, more sinister, that the virus is spreading faster than the who and others are expecting elsewhere in places like south korea, japan, in the middle east. As you mentioned, saudi arabia does not have confirmed cases, but th
Disagree with him because in the u. S. S. R. Can and leaders are saying something no one believed a single wart and actually people who said it also didnt believe what they were saying but no you see that half of the country believe it just. People say those things they dont believe it so its not exactly your ceasar but theres some resemblance. Well its not exactly the year ceasar but i think the the level of ideological influence on the policies is chai king and i think what is absolutely shocking to me for example is that the fact that people would use so much time so much added you so much resources on deliberating something that has very little bearing on the lives of ordinary americans do you feel that do you feel that frustration among the ordinary people in the United States because within the euro ceasar people definitely were very much a nerd by the fact that most of the ideological debates have very very little bearing on how they leave well the good thing is. That half of th
this is bloomberg markets asia. let s have a look at what s been going on. there has been a steeping of the yield curve going on, more flattening taking place. what we have is perhaps an economic slowdown in prospect. let s have a look at this chart. it goes back to 1986 and it tracks what s going on in the white line into the two to 10 year yield spread. that is indicated by this axis here. just over 60 basis points between the two of them. the green line is where gdp is. this is inverted. you can the lowest number of growth here, -4% contraction. what happens next is that the yield curve perhaps sees more flattening. we see growth has been improving of late. what happens in the future? we have a strong correlation between the two of them. one of the head scratchers in terms of what we been looking at this year. we had off to christmas break and volatility has been settling going lower, that if we can hold on to the moment in what we are seeing for this rally, we are goi
they told the house veterans affairs committee that the trip was appropriate. colorado republican responded saying it is not the objects that are not to good it is the facts that are not good. congressman kaufman spoke with reporters after he concluded. this entire event is two hours and 15 minutes. [inaudible conversations] the committee will come to order. good morning and thank you for all to be here to discuss the president s fiscal year this fiscal year s budget request holds a $198.6 billion million dollars in va funding. that is a huge number. and even more striking when you compare the growth in the va s brother jim. since 2006 the va budget is up hundred and 75 percent. and gdp grew only 40%. given the aggressive expansion of the eight resources i appreciate the secretary s testimony the departments core objectives that support those objectives. it may it must stay focused. they will take action on many important items in fiscal year 2019. some examples include imp
Before i call the meeting to order let me apologize fob being a little late i got called on a couple things coming down the hall. Were going to stand at ease thats a military term i learned a long time ago in the air force for just one minute while i talked to my trusted friend the Ranking Member and then well open the meeting. Call this meeting the Senate Veterans Affairs Committee together i apologize for being a little bit late but i wanted to make sure we were on the right track and i didnt mess anything up. I want to welcome secretary shulkin whos had a great start. I dont think anybody started out with a better unanimous vote than he, you cant do any better than unanimous when you get affirmed. I think the vote last week on accountability was extraordinary. And the way we got to the decision working together hand in hand was extraordinary and i commend the Ranking Member on his help in doing the same. Weve got some other things to do today to Start Talking about budget wise and w