Thanks for joining us today. I am tom called, director of the center for International Security and cooperation at stanford and am also a senior fellow at the institute for International Studies at stanford and we are honored to have William Perry and tom collina to discusstheir brandnew book. You can see the title on the slide at your screen. The button the new Nuclear Arms Race and president ial power which puts readers at the front row and offers policy descriptions for a safer future. As many know doctor perry served as the 19th us secretary of defense in the Clinton Administration and is a worldrenowned expert on national security, defense policy, arms control and has a long history here at stanford. He is a senior fellow at fsi and the Hoover Institution and was codirector of fsis center for International Security and cooperation from 1988 to 93 and completed his bachelors and masters degree at stanford which is impressive to me because i didnt get into stanford as an undergradua
I have a brief Opening Statement here before i take your questions. Yesterday, secretary of the treasury, donald regan, sent to the congress a request to raise the debt ceiling to 985 billion. This represents a dramatic jump of 50 billion over the previous debt ceiling. The administration took this action with great regret because it is clear that the massive deficits our government runs is one of the root causes of our profound economic problems. And it, for too many years, this process has come too easily for us. We have lived beyond our means and then financed our extravagance on the backs of the American People. The clear message i received in the Election Campaign is that we must gain control of this inflationary monster. Let me briefly review for the American People what we have already done. Within moments of taking the oath of office, i placed a freeze on the hiring of civilian employees in the federal government. Two days later, i issued an order to cut down on government trav
The other sectors such as tech and health care. The stayathome sectors turn into the new defense, calling into question the rally. We have haven assets rallying in a significant way. Dollaryen down more than 1 . The 10 year yield reversing. It had been a sixday backup. Now 10 year yields is trading lower. That tells you there is a move into bonds. If you start to see haven assets rally, especially on the back of a strong move up, you wonder what are traders looking at. Are they just treading water waiting to see how this resolved or is it a talent on something that is about a flareup, which is u. S. China relations not liking the cyclical rally, maybe it has gone too far, too fast. There is questioning around the payrolls report on friday. David a lot of indicators pointing in different directions. What about the yield curve . There is a lot of information about the yield curve that is deepened. What does that tell us about what is coming down the road . Abigail the last time i looked
I have a brief Opening Statement here before i take your questions. Yesterday, secretary of the treasury, donald reagan, sent to raisengress a request to the debt ceiling to 985 billion. This represents a dramatic jump of 50 billion over the previous debt ceiling. The administration took this action with great regret because it is clear the massive deficits our government runs is one of the root causes of our profound economic problems. And for too many years, this process has come too easily for us. We have lived beyond our means and then financed our extravagance on the backs of the American People. The clear message i received in the Election Campaign is that we must gain control of this inflationary monster. Let me briefly review for the American People what we have already done. Within moments of taking the oath of office, i placed a freeze on the hiring of civilian employees on the government. Two days later, i issued an order to cut down on government travel, reduce the number o
A twist in the plods we debate the trend of dating classic characters to make them more diverse and inclusive. This is Political Correctness and god i say out for little girls everywhere love prepare some of the young ladies for reality so that we dont push them in poor cold hard world where they have to fend for themselves and there is no one there to save them on a white horse. Very good morning to you its 8 am here in moscow and youre watching r. T. International with me. Our top story this hour its a moment of anger and frustration for Russian Sports stars off of the countrys flag was banned for 4 years from all the worlds major tournament so the decision was made by the World Antidoping Agency or wanda on team russia a devastated. Why this collective responsibility 15 years old girls you know brilliant skaters synchronized swimmers who presented to some of those sports. And if in all the dumping scandalous what is the purpose is an enormous blow to our sport we have to fight for o