Lets look at markets. We are not saying much. Coming up, you will hear from this man. Our interview on risks and Financial Markets. And Brian Moynahan on the state of the american consumer. Lets get bloomberg first word news. Frozen pork, pharmaceuticals, some reductions from china, not related to trade discussions, but part of beijings effort to support the claim it is opening its economy. Weekend, aa tense Police Officer pointing his revolver at protesters. U. S. , President Donald Trump asked about ukraine aid before his call with the countrys president. The heavily redacted emails were by the Nonprofit Center for public integrity. They show the administration ordering a hold on aid in our after the phone call. Bush fires burning out of control in new south wales. Died,st nine people have hundreds of buildings have been burned down. The fires of being stoked by record temperatures in the region. Guy the s p is up, bonds are higher, gold is gaining. What about next year . Is joining
Institute. An extraordinary year to look forward to. Abby, thank you for being with us. Much to talk about in the next halfhour. I want to talk about your new effort, thinking about immigration, what it means for the fabric of the nation. We must talk about the central bank. We have to talk out the markets. You have been the gloom crews great pinata. They love to go after you in good times or bad times. We cannot possibly go up and once again confounded not only off the gloom of last december but confounded over one year, two years, five years, 10 years to good and substantial equity returns. When does it end . Abby well, tom, first of all thank you for having me here for this discussion. The gloom at yearend 2018 in many ways set us up for a good start into 2019 in the markets. I think what is priced into the market now, is an economic scenario that seems to be the most likely. No recession, the economy perking up a little bit, corporate profits in midsingle digit, maybe a little high
[inaudible conversations] thank you to secretary pompeo. Ive a Pretty Amazing bus, right . That was a great speech. [applause] so as we just from secretary pompeo, the United States believes strongly in supporting the rights of the people of iran and in ample find their voices as they call for the freedom they so deeply deserve. To that end i am now glad to be joined onstage by my friends and u. S. Officials who are working to ensure we are able to continue a hope to hold the arena regime accountable for its humor its abuses as we Work Together to empower the iranian people. First well begin with assistant secretary to my left. We also have doctor bill ambassador brownback who we discussed earlier. And all three of them will be sharing some of their experiences working on this issue that relates to iranian human rights, what they learned this morning and now theyre putting these lessons into practice. We will after the session in q a will take questions on the audience as well. Lets fi
With the Cfa Institute. An extraordinary year to look forward to. Thank you for being with us. Much to talk about in the next halfhour. I want to talk about your new effort, thinking about immigration and what it means for the fabric of the nation. We must talk about the central bank. We have to talk out the markets. You have been the gloom crews great pinata. They love to go after you in good times or bad times. You cannot possibly go up and once again confounded not only off the gloom of last december but confounded over one year, two years, five years, 10 years to good and substantial equity returns. When does it end . Abby well, tom, first of all thank you for having me here for this discussion. The gloom at yearend 2018 in many ways set us up to a good start into money 19 in the markets. I think what is priced into the market now, is an economic scenario that seems to be the most likely. No recession, the economy perking up a little bit, corporate profits in midsingle digit, maybe
Too. Tenyear well above 1. 8 and 1. 822. A developing story from china with big implications for u. S. Companies the Financial Times reporting that the communist party now ordered all state offices to remove foreign hardware and software within three years. This could hit firms like microsoft and dell, hp, especially hard. Now analysts estimate 20 to 30 million pieces of foreign equipment would need to be ultimately replaced. The order is not yet public yet but was described to the ft by two Cyber Security firms so this is going to this is like the fallout from huawei this is the fallout from huawei everybody out of the pool at one time think about microsoft and by the way one of the names not on the list, apple. Interesting where is apple . Apple doesnt do a lot of enterprise work in terms of corporate maybe not government. Maybe not government work but. More of a consumer play i dont know. I was thinking about that this morning. Where apple plays in that. Apple is obviously threaded