Asia-Pacific markets saw significant sell-offs by the end of trading on Wednesday, reflecting a similar downward trend on Wall Street that resulted from a dip in US bank performances.
European shares closed lower on Tuesday as Italy's decision to impose a 40% windfall tax on bank profits sparked fears that other European states could do the same - leading to a sell-off in the sector.
those two areas we re going to talk about today when i have an exclusive interview with kevin mccarthy, the house speaker will join me at the top of the hour to tell us whether or not he has spoken to the president while the president travels from japan back and when he is expecting to meet and what are the areas of difference. because the president has tried to look tough because we don t know who is running this negotiation, is it bernie sanders, a lot of the ideas coming out of the white house seem to be socialist and bernie sanders ideas. so we ll see in fact we do get an agreement but there s absolutely no expectation that we are going to see america default on its obligations and that s why markets have been trading well. they have not been selling off. because as soon as there s any expectation that the nation will come close to default this market will spiral out of control, sell off. there are massive implications for that we ll talk about that with the speaker of the house. w