Allowing advanced payment of 2018 property taxes but you have to do so by midnight, december 31st. A california man upset by the republican tax reform bill admitted he is the one who delivered a gift wrapped package of horse manure to the belair and Beverly Hills homes of treasury secretary steve mnuchin. And greg mill talked to him. One thing leads to another. Youre having a couple of drinks. Receipts drinks. Lets do this was trending news. It warranted a surprise visit from the secret service that he wrote about saying yikes. This started innocently enough. We were both complaining about how it is total horse manure. And one of my friends happens to own horses. Reporter so he went to sylmar and packed up horse poop. Festive. Reporter and he dropped it off at Steve Mnuchins houses in belair and one in Beverly Hills. I rang the door bell. Nobody answered. Reporter same thing for me. The package of poop, still here. Maybe package pirates didnt want to touch it. But they believe that thi
Big news out of the United Nations, nikki haley announcing a cut in next years budget after the un voted to call for donald trump to withdraw his plans Israeli Embassy to jerusalem. Varney and company starts right now. Charles lets look at futures, under pressure all morning, fractionally better. Lets bring in zach hour. Everybody wants to know 205k in 2017. In 2017, i dont see why not, certainly lets call it by valentines day a couple points, next year will be a strong year for the stock market, the first half of next year especially. I am worried about a blow off topic for the market sometime next year but that is all the more reason. Charles you could argue this year, last year, the year before, pretty long market, people are calling for it. Prices are not crazy, prices are okay, we are introducing new money into this economy with conditions tight. What i worry about is a faster rise in Interest Rate than we expect giving more competition. The cd rates, why am i taking this risk in
October after an Appeals Court upheld his corruption investigation. Markets will have a strong a. Pressure will hurt fullyear sales by 460 million pounds. We will speak to the companys ceo in an hours time. Davos withre live in a great line up of interviews. Lets find out who is on deck. Good morning. Francine good morning. We have quite a lot with a great line up of interviews. Lets find out who is on deck. Of great interviews coming up. Be speaking to the barclays Ceo Jes Staley. To the primelking minister of ireland and we will be talking to the u. K. Prime minister as well as well as the chancellor. If you look at the we are spending politics, the economy, and finance and we are seeing the ukrainian president. It is a packed show and it is day three of the World Economic forum. We have all of today and tomorrow. Talk about the markets. What do we have in terms of what the futures are expecting . Less than half an hour till the start of trading. What is the picture . Matt we see fut
Youre getting ownership of a company, some are higherpriced, shorter duration. You may buy something at 85, if they refinance, everything trains up to par. We also have some securities that came out of distressed, become equities, but they have done really become darlings of the mutual fund world yet. That transition creates a value gap that is quite tangible and large. Erik what is the stupidest place to take risk today . Josh that is a hard one for me to say. Im not sure i can give you a good answer but i would avoid being in very longduration low coupon bonds of any sort, particularly of investment grade. There is not a lot of upside remaining in highgrade longduration bonds. Relationshipric between the upside and downside. How do you think things will evolve over the next couple of years . If you were to cast your mind for 12 months, where would you be deploying capital . Monthsver the next six it is hard for me to look out an entire year. You dont know what accident will happen in
Fuel extremism. Its a move likely to irritate china. A u. S. Naval aircraft or it visit vietnam in march, the first such port call since the vietnam war ended more than four decades ago. Defense secretary jim mattis and his vietnamese counterpart discussed the matter during mattis trip to hanoi. In the philippines experts warn that a volcano that has been directing for almost two weeks still appears to be swelling with magma under the surface. Thousands of people are staying in emergency shelters of the volcano continues to release streams of lava as high as 1500 feet. Officials are worried the eruption may last months, affecting the education, health him and livelihoods of people in the region. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. This is bloomberg. Scarlet live from bloomberg World Headquarters in new york julie live from bloomberg World Headquarters in new york, im julie hyman. Sca