Yet a whole generation of people did realize, they did, that you shouldnt take on too much debt. That you should live within your means, you shouldnt recklessly flip houses or create Financial Instruments no one can understand its a bad idea to take out loans youll never be able to repay. Its an even worse idea for the banks to write those kinds of loans. Look, people, it is just a fact. We got more frugal in this country. We got less reckless in this country. We got more prudent. The same way that my parents generation learned not to trust banks for decades after the Great Depression listen to me, it did happen. Interesting date day for the average, dow gained 31 points, s p inched occupy. 03, nasdaq up 1 everyone seems to recognize this change in human behavior, everybody except for the barrish a armageddonists, they refuse to believe people can learn from their mistakes thats why they think the whole recovery and stock market is a sham, some pumped up Federal Reserve drama, the slum
Of those involved in made several arrests. The largescale protest is also planned for new years day. Global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I Mark Crumpton. This is bloomberg. Scarlet i am scarlet fu. Taylor this is Bloomberg Markets the close. Arlet forget call and think oil. President trump set up polymeric trade deal is done, sending crude lower. Cofounder Travis Kalanick steps down. We have all of that and more coming up. Taylor first i want to get a look at the markets. The tech sector, i know i am in San Francisco and you think it is all i can talk about but i continue to be astounded by the tech market. It is a big out performer. Today not a ton of movement but on the year it is the winner. Tesla about 420 a share. In my world, another day, another record for shares of tesla. I know you are also taking a look at the 10 year. We were talking about this global bonds selloff, the ri
Ipo. Welcome to bloomberg daybreak europe. Areis easing as members grappling with issues of stricter compliance. Manus cranny is there. Great to see you. Looks like saudi offering a carrot and stick. Manus yes. Cuts compliances science. Nobody was talking. Iraq raised the flag of a cut of 400,000 barrels. Everybody stopped speaking. As far as societies are concerned, we all get on board and comply a little bit more, which is what you all promised to do. Nigeria and iraq. That could help. If you help me, i will help you. New saudicence of the oil minister, it is his first meeting. I have the sense that that period of grace and favor for everybody is over. He is putting his stamp on this meeting. Nobody is talking. There is even talk it could be canceled. The bottom line is this is a meeting where they do need to deliver. The risk is long on rhetoric and the lack of delivery. Good morning. Nejra long on rhetoric, lack of delivery. They cannot cancel it. I need to see you in it. In the me
Susan but lets take to you d. C. First. The white house scrambling to the save the usmca as mexicos top negotiator heading back to washington. A big hangup here, sending labor inspectors into mexico. Edward lawrence standing by with the very details, edward . Reporter susan, new Sticking Point emerged for the usmca. Mexico says their version which was ratified does not include specific inspections by the u. S. Of Mexican Plant to make sure theyre complying to changes to the labor issues there. The changes in the u. S. Version, of five experts can make sure that mexico is compliant. Mexico says that they support following through with a neutral third party along with u. S. And mexican representatives on a panel to verify enforcement which is also in the agreement. The mexican undersecretary flew to the u. S. Today to talk with u. S. Trade representative Robert Lighthizer about this. Lighthizer worked to alleviate mexicos fears, that the attache would only assist mexico in complying but
Sector, that is a slowdown. One hour from now, well know. Watch that market. Right about the same time, the president will begin his trip to florida, where he will make a speech, i think the title ought to be protecting health care from socialist disruption. Its probably not called that but im making free rein here. Usually when the president leaves the white house, he speaks to reporters. He may address the economy. Whatever he says, youll hear it and it will probably move the markets. Theres news on the president ial campaign. Bernie sanders is recovering from heart surgery and has canceled Campaign Events until further notice. Obviously, there are questions about a 78yearold facing another year of grueling campaigning. Joe biden is taking a hit in the latest polls from his son Hunter Bidens business dealings in ukraine and china. Heres my opinion. Its now Elizabeth Warrens nomination to lose. Heres another opinion. That should worry wall street and it should really worry moderate de