And when we tried to understand why it is that so many of our family members, friends, neighbors are working at are working to or three jobs in order to cobble together an income and some health care, the answer is that wages in our country for many people are much, much too low. Why we have got to recognize that a seven dollar and 25 minimum wage is a starvation wage. We have to move to a living wage, 15 an hour. What we understand also is that when we lived in a competitive global economy, we need the best educated workforce possible. It makes no sense to me that we have hundreds of thousands of bright, qualified young people who want to get a Higher Education and are unable to do so because their family lacks the income. That is wrong. And that is why i have introduced legislation and will fight for, as president of United States, to make sure that every Public College and university in america is tuitionfree. And we have also got to deal with the disgrace of outrageously high stude
Were back. Back together. It literally feels like months. It has been. What Great Stories to cover. Absolutely. Well show you what theyre doing this morning. U. S. Futures under pressure after a selloff yesterday that sent the dow down a little less than 1 . Dow futures down. S p down 7. 6. Nasdaq down 22, but all the action has been in Government Bonds. A massive rush in into this safe haven treasury debt. Look at that 10year treasury note yield. We are in record territory. I think japans longterm bond went to zero this morning. It is unbelievable. Record bond buying across the board particularly out of uk. That out of fear, not confidence. I wonder when we get a moment that we think this is crazy. Every time you think that, it continues. Its the trade everybody has been wrong about. The reason we dont see it sell off is were not seeing inflation. I wonder if the uk will be the first one, not immediately, but with what youre seeing in the pound, do we see inflation pick up and if you
Hello, welcome to countdown. Im mark barton. Edwards. Nna stay with bloomberg all morning because we have big interviews coming your way. The first door opening in dubai, the First International store. We will be speaking with the ceo , taking us through the decision, later on countdown. Exclusive interviews, u. S. Relations with the u. K. , and ,ollowing the latest earnings an exclusive conversation. States and the European Union have or although the list of russians targeted for further sanctions over crimea. Eu leaders met for the second day of a twoday summit in brussels. The possibility of more sanctions top the agenda. Ryan chilcote is in brussels with the latest. Good morning. Late last night, the eu expanded its blacklist of russian officials that will be subjected to asset freezes and travel bans based on short of economic sanctions. I followed her next mention of the United States blacklist. They expanded the number of officials they will expose to asset freezes, broadening i
In fiveyear notes and well be watching the price of gold today as well. The precious metal dropping 2 yesterday. That was the worst day in six weeks. You can see right now its trading at 1,264. 70 an ounce. Andrew, over to you. Thank you, becky. Welcome back. We have corporate news, tech news, talking about re code. General electric Ceo Jeff Immelt is in france, meeting with president hollande, also with the countrys economic minister to discuss ges bid for alstom. An official in hollandes office says ge has improved its offer for the french train and turbine maker. The comments could suggest a change. This could be a change for the first time for the french government which until now has been critical of ges bid. We will see where all of that heads. In other european news, this morning, the uks fraud office launched a formal criminal investigation into Glaxo Smithkline amid claims of foreign bribery. The Company Faces claims in china and four other countries. Weve talked about this be
Lot for her brand. The question is, can she turn this around . Times running out for lawmakers to avoid another Government Shutdown, and right now, a top democrat is urging her party to revolt against the mustpass legislation t legislation. The house is expected to vote on a 1. 1 trillion spending plan before todays deadline, providing federal funding for agencies through september. The omnibus includes a 1 raise for federal workers and military service members, and the irs budget will be cut by more than 345 million. There is a significant increase in how much wealthy donors can give to National Parties and some of the financial reforms under the dodd frank act would be reversed. The provision in question would allow big banks to merge trades and Financial Derivatives with Traditional Bank accounts. Of course, those traditional accounts are backed by the fdic. Senator Elizabeth Warren says that will leave taxpayers on the hook for potential disaster, leading her to call for House Demo