Please . David people would not recognize me if my tie was fixed, but ok. Leave it this way . All right. David i dont consider myself a journalist. And nobody else would consider myself a journalist. I begin to take on the life of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . After you left as secretary of treasury, hank, you did something that was unusual. Many of them go back into the finance world or go into the finance world if they have not been there before. You chose not to do that. Hank i really enjoyed my business career. I had 32 years there. I had an opportunity to serve my country. What i really wanted to do was take my experience and apply them to addressing two of what i believe are the most pressing issues of our time, u. S. China relations and Climate Change. David many people say you get on a merrygoround and cannot stop making money, but you said when you left tr
Pro problems that threaten prosperity and exploring solutions. It is 100 clear to us that the cost of inaction is higher than the cost of action. We are going to follow those rules. Time is running out to address Climate Change, so i think it is right to hold our feet to the fire. Abigail its all straight ahead on bloomberg best. Abigail hello, im abigail. Doolittle. Welcome to a special edition of bloomberg best with highlights fromed the 2019 Bloomberg Global business forum. This annual event brings together most influential leaders in business and government to address the most pressing global challenges and explore opportunities for solutions. The theme of this years conference was restoring global stability. The Prime Minister of india delivered the keynote address and joined Michael Bloomberg on founder of bloomberg philanthropies and llc onstage for a conversation. We believe the earth is our mother, and we do not have the right to exploit our earth. We are only have the right t
Maria and we kick it off with Global Markets lets taken a look at european indices a selloff there as well. S p 200 down 250 points right now and paris down 165 and dax index in germany lower by 362. The European Union announcing the closing of its borders for 30 days to slow spread of coronavirus. In asia is overnight markets started with early rally on heels of wall street rally but then reverse course to finish in the red. Take a look at these numbers you have all of the major down better than 4 as you can see, the nikkei and japan and shanghai and composite 1. 8 and then theres oil. Oil prices tumbling touches levels not seen since 2003. As price of oil between russia and saudi arabia wages on demand is dropping oil prices right now at 25. 40 a barrel havent seen those numbs in quite some time. Check treasuries and yields right now on tenure treasury rising this morning once again, it is back above 1 . Tenure now sitting at 1. 8 that is up ten and a half basis points. The coronavir
Still trying to get the final meetingfrom opec in the that started two hours ago. Those details continue to come through. I want to take a look at the s p 500 on a four day week. It is a shortened holiday week, so the bond markets will be closing in a few hours. It does mean the market is still having some of the best week, going back at one point since 1974. David thank you so much to taylor riggs. As we said, it has been largely a day about the federal reserve. Cioing us is rick rieder, for Global Fixed Income for blackrock and also head of their global Asset Allocation team. Welcome. When i heard this this morning i said my jaw literally dropped. What was your reaction . Rick i am right there with you. This is an incredible amount. It is followed by chair powells presentation afterwards. Not only are they getting into already what they have announced has been incredible. They are going deeper in terms of what they are doing. They are getting at wide swaths of different marketplaces.
Werent warming dramatically than anywhere else we were already signed around america away i would say well its a great war because we just really werent sure exactly how much more it was going to collapse the hole right through the bridge is a completely different thread for the want to. Also coming up today on valentines day we speak with children around the world to show once and for all that love is in fact childs play hundreds hadnt eaten by choice i. Will. Get up there. Were going to need money to remember its a family dinner. So our viewers on p. B. S. In the United States and all over the globe welcome we begin the day with a record that no one wanted to see broken. After the hottest january ever scientists in antarctica have reported that for the 1st time since records began temperatures on the worlds southern most continent have passed the 20 degree celsius mark they born that at the trend continues it could have dramatic effects on sea levels the news of the record temperatur