Try to merge the two issues in a renewed quest for a grand bargain. Speaker boehner said today republicans will insist on spending cuts if theyre going to vote to raise the borrowing limit. I dont believe that we should default on our debt. Its not good for our country. But after 55 years of spending more than what you bring in, something ought to be addressed. This year well have more revenue than any year in the history of our country and yet still have a nearly 700 billion deficit. And i think the American People expect if were going to raise the amount of money we can borrow, we ought to do something about our spending problem and the lack of Economic Growth in our country. Reporter for his part, president obama said again hed be willing to negotiate on spending cuts and other issues, but only after the government reopens. In the meantime, the president , citing the shutdown and the debt ceiling fight, canceled his planned trip to asia for economic summits. Woodruff in other news,
The driver seat heads for a collision. This is Market Makers. It is a wednesday in new york city. I am Erik Schatzker. Will be with us. She is on her way down to the New York Stock Exchange this morning. We will begin with a big shakeup in the sports and media industry. William morris and silver lake are buying img. You could call it the jewel in the crown. Lets mix it up. Lets start with ari emanuel. Img he coceo of excuse me, wme. What did he say . If you thought he was a big deal before, he is an even bigger deal today. He is very confident. Ari has brought together two agencies in the past. He has taken on a bigger fish by buying William Morris back in 2009. He feels very confident about his ability to combine these very people centered businesses. The issue with this one is that there are so many other competent infectors because he is buying a business that its very different from his business. Is a media rights business a licensing business, a College Sports business. That is so
And the implications of the Virtual Currencies also other block chainbased applications for the future broadly and i will get into what i mean in a little bit. We are a Nonpartisan Organization that promotes constructive u. S. And european leadership in the world and who meets todays challenge is working with our allies. But we also serve a Public Education function. And i really cant tell you how many people from what i would call that traditional constituency of the Atlanta Council, which is a Longstanding Institution in washington. How many people have come to me and said what is this thing called this claim bitcoin, will it be here tomorrow or will it be here in 2050, and that is part of the reason i decided we should have an event that sort of performs these functions but i try to bring together a nontraditional panel with a lot of distinctive experts from distinct as the plans. Im thrilled and honored that they are here today to explain what bitcoin is, what it means for the futu
The French Foreign minister has told french radio that if the initial measure is put in place and they dont receive results they will target individuals and companies. The ball right now is in mr. Utins court. We will cross back to brussels shortly. If we look at todays trading session, its ukraine, it china, its u. S. Jobs, and we have a couple of corporate stories. I think this story is the most most interesting. The fed is going to be interesting with u. S. Jobs number, but we are looking at one in, and thats the clock he does it friday. Lets get this trading session started. You see equities pointing a little bit lower, down by a 10th of one percent. Despite all the geopolitical concern, despite the lack of centralbank action, the stoxx 600 pretty much dead flat. One hundred 49,000 during the month of february, bringing the average down to 112, which is pretty pathetic compared to 190 four we averaged last year. One trade i want to look at is eurodollar. One dollar 3866. The euro d
Entertainment. Saturday night, we lose an hour of sleep, all of us. Am i springing or falling . Springing forward. So right now it is 7 00 a. M. Lets get a data check. Stocks, bonds, currencies, commodities. Five years, yesterday. Sunday will be five years on a closing basis. 10year yield. 1. 3887 ever stronger euro. Lets look at the litmus paper of the system. A weaker ruble. Yen blows out stronger. Let me go to the bloomberg terminal. Weakness in the ruble. Here is the intervention by the russian government. They have somewhat given up here with the latest news and tension , starting about 4 00 p. M. Yesterday afternoon. Last a weaker ruble in the 48 hours. We start with the papers and the weather this morning. Here is scarlet fu. The latest is that russia tol embrace crimeas move secede. Choice words. Crimeas parliament voted in favor of secession yesterday. Crimeansan 60 of are ethnic russians. They may want to be part of russia. They will get to cast their vote on march 16. Khrush