And outcomes for the United Kingdom, the European Union and the United States. Panel ivets discuss a study on the Rand Corporation about the implications of brexit. The u. K. Will exit the European Union in march of 2019. His is just under two hours. Good morning, everyone. Welcome to all of you and to the Wilson Center for our discussion this morning of brexit. Id just like to open by remembering, go back a year and and f or so, june, 2016, the u. K. Publics vote in favor of brexit felt like a tectonic shift and it was a major change with consequences that were both arreaching and unclear. Brexit changes everything, but how . So businesses, institutions and policymakers have been looking at this ever since. Rands study that were going to talk about today looks at some possible outcomes and what they mean for our Economic Policy and for our cooperation. So im delighted to see many friend of the Wilson Center here today and of rand. Im going to introduce our expert panel and my idea is
Welcome everybody scary situation there. The dow the s p and the nasdaq hitting new highs. If we close at another record high today it would be the 70th record close this year breaking the 1995 record for the most closing highs in any year. With the gains the dow is up more than 5,000 points this year that is obviously never happened check out the individual movers. Etf on pace for its best day since december 4th abercrombie leading the way. Best buy trading at an all time home and dr horton and berkshire hathaway, 300,000 a share and now 23 this year topping the s p 500. Wow. Lets get straight to the rally. On the floor of the nyfc. Big enthusiasm. You might have thought the tax bill was priced in but apparently not as he mentioned consumer earnings today are leading. Both benefiting from the tax bill a fairly broad rally the only thing not big is the volume more like Charlie Brown Christmas Tree size. Modest yet still shining bright. Take a look at the all time highs. 58 on the s p 5
Well. Your open after the long Holiday Weekend. Free markets also opening in the green. Asia overnight markets mixed through the shanghai down nearly 1 print the rest of the indices actually higher. Bitcoin bouncing back to the crypto currency was sent cramming for the First Time Since the massive selloff. Investors to question will will be asking this morning. Digging out from the snow is serving in the new year bringing up to four feet of snow. They finally let out the hard. A harrowing journey from lax. Model chrissie tighes life treats her eight hour flight to nowhere. The nonauthorized passenger boards the wrong flight pay with me this morning, democratic strategist and Fox News Contributor jess guitar log. James freeman and chief strategist michael fox. Good morning. Weve all had our coffee, right . I could use the diet coke. I think youre pretty jazzed up about the stories this morning. I love infrastructure. [laughter] cheryl i could feel the excitement about infrastructure. Ch
Including postings in europe, and from 2007 to 2008. At the rand corporation, Robin Quinville is a distinguished fellow at the council and the senior advisor, and served as Vice President for European Union and special edition at the council. Howard howard shatz is the director of rand, initiated research, and the party Rand Graduate School specialized in economics and national security. And so many varied studies im hardpressed to find something he had. Michelle egan is our nonrand expert, one of our own at the Wilson Center, fellow in global europe program, professor at American University school of International Service and coordinates european and russian studies program. With that, you are waiting, i will turn it over to charlie. Thank you very much. Robin didnt introduce herself but i will mention she is just back from top political jobs at the us embassy in london and in berlin, and knows quite a bit about this herself and hope she will intervene in the discussion period. I woul
Charging to the masses. So, is it finally time to say goodbye to tangled wires and bulky chargers . And global car sales hit a new record, despite taxi apps and big investment in public transport. So we want to know will owning a car ever become a thing of the past . Let us know if youve got rid of your car. Let us know. Use the hashtag bbc biz live. Hello and welcome to business live. Im getting rid of mine this month, thats the car the most significant changes to europes Financial System since the financial crisis come into force today. The eus new rules are known as mifid two and are intended to protect investors, giving them better value for money and making europes Financial Services industry more competitive. Now, one of the biggest changes centres on the Research Investors use to decide which shares to buy and sell. It will now have to be charged separately rather than bundled with other Financial Services. And to improve transparency, all parties to Financial Transactions will