Well tell you why his job is harder than he may think. Carol plus, our conversation with a ceo. Have a trade spats are affecting his company. Jason but we begin with joel weber. Lets start with the International Cover. Its a look about the bond market, debt, whats going on . Joel cheap money has been around for a decade now and it is having a profound effect in the Global Economy. We look at the ecb this week and negative rates, negative rates has been an untested policy tool that japan was using. And now its starting to spread. It was going to go away, and now its back almost, and its just a profound idea that a bondholder would invest in something that, if you hold that for duration, youre going to lose money. It just goes against the principles of investing. This is investing 101. Carol who wouldve thought we if you go back even a decade ago, that we would in this environment . Here we are. And it affects everything. Joel the idea of low rates was to spur growth. Thats not happened.
I want to get into that. Youve uncovered pretty profound stuff here relative to the 45th president of the United States. The first question i have this book called, the man who sold america trump and the unraveling of the american story. Tell me why did you write the book and why now . First of all sophia, i want to say thank you. Its a pleasure to talk to you. I have to tell you, the reason i wrote the book principally is just because covering this president , covering donald trump is like a firehose of news constantly coming at you. Of bad things. They each erase the thing before. In one day, you can have 10 headlines where the first one for any other president would have been catastrophic and maybe presidency and the bit and then that gets erased from the memory hole literally, sometimes within the same day. The main reason i wrote the book was just to preserve the history. As much as i could get in before its gone to be honest. Before we forget whats happening. I think this preside
Close . Reporter well, good morning, raj. The first hour focused on immigration and health care. The second hour on gun control and Climate Change. And this debate was as much about policy as action. They waved cordially at the start of the twohour debate. Just four minutes later the first jab at president trump. Well, first the economy. We know that not everyone is sharing in this prosperity. And donald trump just sits in the white house and gloets about whats going on. When you have so many people that are having trouble affording college. Reporter the president was a target throughout the debate. More often the candidates spent time trying to highlight the differences. With critics saying they all seemed the same. O hands. Re wouldboir to starteopic of economic disparity former congressman beto orourke gave a nod to the increasingly powerful latino wing of the party by answering in spanish. [ speaking Foreign Language ]. Reporter but he also sparred with former hud secretary Julian
The big trip from china. Good to be back with you. Melissa we missed you. Connell you did . Melissa absolutely. Looks like he doesnt believe me. We missed you very much. Connell glad to be back. Melissa im melissa francis. This is after the bell. More on the big Market Movers first here is what is new this hour. President trump hitting tehran with new punishments following attacks u. S. Drones and oil tankers in gulf of oman. The newest threat from iran. Plus taxpayers on the hook for those who cant pay their bills. How senator Bernie Sanders plans to pay for his newest socialist proposal. Waiting on the results from key toxicology tests as another american dies after visiting the Dominican Republic. We are live on the scene with an update on the fbis investigation. Im glad you werent there. Connell crazy story. Fox business, Team Coverage of all the days top stories. Kristina partsinevelos is on the floor of the New York Stock Exchange for us today. Blake burman as usual at the white