Who put him in office. Critics say it is a work of fantasy. Ourre continuing to watch , moodys announcing it has downgraded its rating on china. For comparison, were looking at the same rating help by saudi arabia, israel, estonia, and japan. Take a look at this chart. It encapsulates moodys reasoning for this downgrade. Debt to gdp soaring. 280 in terms at of the debt to gdp ratio, an increase from 240 from 2016 alone. You can see the diversions when it comes to gdp growth stabilizing, easing, but debt continuing to grow. It expects the financial strength of china will be eroded in the coming years as a result of the economywhite debt and built up. Slowing, andially even though you have financial reforms, deleveraging, particularly the financial sector, moodys saying that will not make a difference when it comes to this constant increase in contingent liabilities held by beijing. We will continue to watch that story. Singapore, taiwan, malaysia coming on line. We are really watching t
Up to these electrical wires. So one statement might say guns should be allowed in school and some of the republicans, yes, and some of the democrats, no. Another statement said that roe v. Wade should be settled law, that kind of thing and they watched the center of the brain to see what activity had been activated. One amazing outcome of the study was that part sops on the left and right actually have brain and this was amazing outcome of the study but the second major outcome was in looking at the centers of the brain that are lit up when we look at the statements and lo and behold the centerses were not the centers of reason, it was the centers of em ohing which makes sense. I implore you to breath through your emotions or what i would like to try to do is look at policies from the poised view of outcomes. If a policy is intended to protect jobs, no matter how that policy may feel, the way we evaluate the policy is working is whether it protects jobs. Thats what i want to get to. I
Seen since world war ii. Speaking in geneva, he said the country has been a place of savage over an absolute injustice savage harbor an absolute injustice. He also said piece is not negotiable in syria. Global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. Scarlet live from bloomberg World Headquarters in new york, im scarlet fu. Joe im joe weisenthal. We are 30 minutes from the close of trading in the u. S. Scarlet stocks and oil sliding ahead of a looming rate increase. Joe the question is, what you miss . Scarlet done deal. The fed all but certain to raise rates by 25 basis points, what it is the pace of hikes the next three years that is up for grabs. The price of crude continues to slide after saudi arabia said it reversed some production cuts it had made. Is the opec deal on the verge of falling apart . European political drama. The netherlands votes tomorrow while the u. K. Is triggering depart
The fbi has been conducting a preliminary inquiry into Donald Trumps former Campaign Manager Paul Manafort business connections to russia. This comes as the backlash grows over clintons emails top aides for clinton accusing james comey of a double standard. Fbi official telling cnbc comey accused russia of meddling in the u. S. Election. Comey argued privately that it was too close to election day to name russia as the perpetrator of cyber attacks. Lets check in on the global market. Were seeing strength to kick off the move november after nearly 2 selloff for the s p in october. Worst month for stocks since back in january, third month of declines in a row. We start fresh with a mini rally. Dow futures up 33. S p futures up 4. 5. As for the ten year treasury note yield, higher yields continue to be the theme. Were seeing the ten year yield at one, just below 1. 86. Manufacturing number out of the u. S. Along with auto sales gearing up for a heavy few days of data. The bond move during
The fed meeting today. Investors are looking for any change in the statement suggesting they are acting and ready to fire with that next rate hike in december. A whole bunch of other elements into the mix. The reflation trend, equities are being impacted. The italian referendum later this year. So the stoxx 600 running half of a percent lower. You can see how negative is sentiment is. Every sector the trading weaker. Food and drink better end of the scale but banks tracking whacker by 1. 25 . This is a sector that has grown very aggressively in the past few weeks on the trading window. Investors are saying did we get it wrong in terms of not looking at this sector in recent times . The gains we saw in october very strong. Investors lightening up on risk. Thats why the Banking Sector is one of the worst performers. Autos another cyclical down by 1 . If you look at the gains in october thats a sector where you saw some activity. Lightening up on the portfolio may mean these names. Financ