Said to be devastated. And hugh hefner the founder of playboy magazine, how will he be remembered . Good morning. Welcome to bbc newsroom live. Theresa may has mounted a strong defence of the free market, a day afterJeremy Corbyn told the Labour Party Conference that capitalism was facing a crisis of legitimacy. In a speech to the bank of england, the Prime Minister said the financial crisis and globalisation had brought concerns that the economy was not working for everyone but capitalism remained the best way for a Living Standards to grow. Lets head to westminster now and our Political Correspondent, jonathan blake. By by virtue of the timing ofJeremy Corbyn putts mac speech yesterday and theresa may putts mac speech today, we have set out very starkly this huge contrast in ideologies, if you like. And theresa may arguing that the free market economy is underrated to sustain peoples Living Standards. Theres the real chisora people. Their speech at the bank of england this morning wa
And it could spell trouble for stocks. The action begins right now. Sweet dreams are made of these sweet dreams on a friday evening. Lets get right to it. Crude oil fell 4 this week even as stocks continue to make record gains. It could, weve seen it the last two years. The fed hinted were going to start to taper. Bond purchases and qe and then last year when they were going to end zurip. We saw commodities get hit very hard and then the knock down effects were obvious. We saw people start to be concerned about the potential for some sort of credit contagion associated with the crude oil. Irlike to look for trades where people are not too focused here and there is a potential big bang for your buck. Thats why at some point i want to look at high yield. But right now, its a weird setup here. At one point, you know, oh, you go, the better this is. The better maybe the recovery is. What we know is. This the bottom improved. It is very analogous to what happened in 08 and 09. We may have c
And it could spell trouble for stocks. The action begins right now. Sweet dreams are made of this sweet dreams on friday evening. It get right to it. Crude oil fell 4 this week. Even as stocks continued to make record gains. Could this crude conundrum trickle into other areas of the market . Lets get in the money. Well, it could will be weve seen this the last year. Weve seen it the last two years since the fed kind of hinted they were going to start to taper bond purchases and qe. Last year when they were going to end zerp. What happened we saw the dollar rally and commodities get hit very hard, crude in particular. The knockon effects were pretty obvious. We saw people start to be concerned about the potential for some sort of credit contagion associated with the crude oil pacts. To me i think were at a place now, s ps making new all alltime highs, the spot vix at near 52week lows. A lot of levels of accomplice essence here. I look for trades where people arent too focused, where the
Dont. Because we have a really cheap way to profit from the tech giants earnings. Well explain. A and, something very strange is happening with the dollar and it could spell trouble for stocks. The action begins right now. Sweet dreams on a friday evening. Lets get right to it because crude oil fell 4 this week. Even the stocks continue to make record gains. Could this crude conundrum trickle into other areas of the market . Lets get in the money. Dan. Well, it could. Weve seen this over the last year, really seen it over the last two years since the fed hinted that they were going to start to taper bond purchases in the qe and last year when they were going to end zerp. What happened there we saw the dollar rally and saw commodities get hit very hard, crude in particular. The knockon effects were pretty obvious. We saw people start to be concerned about the potential for some sort of credit contagion associated with the crude oil pat, that sort of stuff. Were at a place right now, the
Of the low latency activity. It is why American Leadership in 5g must be a National Priority. That is the example i gave you was just one example of how the driving force of the 21st century will be powerful processing, centralized in the cloud and wirelessly connected to clients, Autonomous Vehicles will be controlled in the cloud. Smart city energy grids, transportation networks, and Water Systems will be controlled in the cloud. Summers of education and Entertainment Company the club. Such futures will come to pass unless the pathway to and from the cloud is low latency, ultrafast, and secure. Now we have learned anything in the generational march through Wireless Connectivity, it is that we have always underestimated the innovation that would result from new generations of Wireless Networks. The first generation wireless, one she was voice, and then early 1880s they said there be 900,000 cell phone subscribers by the turnofthecentury, well it turns out there was 109,000,000. They w