Dozens of roles in its Global Fixed Income division. Matt good morning. What incredible moves in the market yesterday. It was not about equities, it was the climb in yields that took traders breath away. We see the 10 year yield, 10 basis point move from 146 to 156. Nejra that was the biggest jump since january. Any paradigm shift and markets, or to do with positioning. Matt we could have seen people , yieldsd of themselves fell quickly and fast. Stocks took a hit in august. What happened overnight in asia, stocks gained yesterday in the u. S. That carried through to asia, and you still have s p futures positive. People taking and putting risk back on the table means they can sell the yen and as a result get 107 japanese yen for your dollar. Nejra with u. S. Equities back above the average, that was notable. The gains yesterday means in a week we have regained the losses we saw in august. U. S. Debt, the best month since 2008 and august. We saw yields move higher. And 30 yeartwo, 10, c
The border tax is dead. This was one of the Critical Issues in tax reform. This was about trying to keep tax reform revenue neutral. One of the ways was a border adjusted tax. About thisn talking 20 tax rate on Companies Domestic sales and imports. Staunch opposition to this. Paul ryan is telling republicans that border tax is dead. The question is, if thats the case, how are they going to finance tax cuts . Are they going to be just shortterm, not permanent . Otherwise, youre not going to be able to keep it. Scarlet thats the big question mark. This was predicated on replacing obamacare. Thats not forthcoming at the moment. We have bloomberg reporting that steve bannon has proposed increasing taxes on the highest earners. Perhaps thats another way of doing it. That is something paul ryan loved. Wasa a trillion dollars it supposed to raise. Try finding that somewhere else. Scarlet its a tricky one. Look under the covers. Julia we will bring you further headlines on that as we get them.
The border tax is dead. This was one of the Critical Issues in tax reform. This was about trying to keep tax reform revenue neutral. One of the ways was a border adjusted tax. About thisn talking 20 tax rate on Companies Domestic sales and imports. Staunch opposition to this. Paul ryan is telling republicans that border tax is dead. The question is, if thats the case, how are they going to finance tax cuts . Are they going to be just shortterm, not permanent . Otherwise, youre not going to be able to keep it. Scarlet thats the big question mark. This was predicated on replacing obamacare. Thats not forthcoming at the moment. We have bloomberg reporting that steve bannon has proposed increasing taxes on the highest earners. Perhaps thats another way of doing it. That is something paul ryan loved. Wasa a trillion dollars it supposed to raise. Try finding that somewhere else. Scarlet its a tricky one. Look under the covers. Julia we will bring you further headlines on that as we get them.
[applause] good afternoon, ladies and gentlemen. And welcome to the Fourth Annual conference and gala presented by the william s. Ugly program at yale. Attributed to winston churchill. He. He said, if you are not a liberal when youre 25, you have no heart. If you are not a conservative by the time you are 35, you have no brain. [laughter] a radical in the 1930s, became a leader. Later on he rejected marxism and moved to the right producing in 1941 the work for which he was best known, the managerial revolution published in 1941. 1941. He also became a red regular contributor to the conservative publication National Review. In 1933 along with sidney hook he had to organize the American Workers fund, supported its merger with the communist league of america to the United States Workers Party. In 1935 the allied with the wing of that party and defended offended no one less than leon trotsky himself. Writing for the partisan review, he was also an important influence on writers, such as Dw
This through the powers of persuasion, we will not have any casualties. If not, and the police force has to use the authority that it is mandated to use in accordance with the law, then they will do so. Some manning the barricades were getting supplies industry leading goggles and gas masks in case tear gas is used against them. The Muslim Brotherhood is warning there could be disastrous consequences. If the camps are cleared or surrounded. , there is palpable tension in the city, which has sincey seen 250 killed the former president morsi was removed last month. James, i imagine many of the pictures we have seen, supporters in jubilant spirits, not often the pictures we have seen out there. No, i spent a lot of the night from 3 00 in the morning until about 6 00 in the morning atr the mosque at the cap the encampment of promorsi supporters. The atmosphere i found there was reasonably relaxed. There were speakers continuing to try to motivate the crowd, but i also saw a lot of people t