Are we grade. Good evening, everyone. I treasurer of the Supreme Court Historical Society. This room with some frequency but im usually faced in that direction sot pace to be looking out there. I am a please turn off all cell phones, tabls, x apple watches even if they are in silent mode they can cause interferencesound system r assistance. This has been a long time coming. B 1991 with Justice Kennedy talking about thelant ae privilege of doing it again to e marshalls 50th anniversary on the court, so its fitting that we are here■ again after the pandemic. Its nice to be back in the courtroom for the 70 at the White House Historical association into the u. S. Capital society and we appreciate very much our partnership in that ever. Id like to express the societies gratitude th evening tous first event we had the privilege of having her pa with the society and shes doing double duty tonight. First she will be a host and also participant. Speaks, she wl join in conversation■n discuss
Home and iwg shares surge after the provider confirms a bid approach all right. So this is the first day back from the Christmas Holiday lets see how the picture is trading in europe this morning we did have a bit of a mixed session in asian equities overnight. Of course a lot of the rebound was led by the kmcommodities an Mining Sector in europe. Things opened up a little weak but things more positive now as we delve into some of the stories. But lets take a look at the european individual indices and see what the picture is like there. And as we mentioned, you know, the past couple of days in the u. S. , u. S. Markets have been struggling the last four trading sessions, actually, dow, s p, and nasdaq did have negative days in europe it looks as though the picture is a lot more positive this morning all three majors slightly positive ftse is the underperformer on the day. Lets take a quick look at sectors. Basic resources up 1 . Commodities and Mining Sector did have a very good sessi
And facebook, and china h and a on a looming cash crunch. The level of debt in china. Yvonne some breaking news right now, south korea inflation in january looking soft, we see a 1 year on year estimate monthtomonth numbers edging lower at 4 10 of 1 , it seems the inflation looking to be getting more soft. Inething we do get to see the Fourth Quarter because we start to see the base effect starting to unwind and the stock currency weakness it is certainly playing into that inflation picture and it is essentially confirms the analysis that that be ok should bok. On hold in the meantime, inflation here looks like it may be picking up pace. That that statement mentioned Economic Growth and Economic Conditions might mean further gradual rate increases and too many that meant Interest Rate hikes coming faster than expected. I want to pull up one of our favorite charts it is wirp, and it shows Interest Rate hikes near almost 100 . Rate hike iner march, and certainly there is a sense where we
We now given them the tools to go out and win theyre coming back. I believe i brought hundreds of billions of dollars with me. They would never have come in fact, in the opposing party had won the election, you would have had tremendous new rules and regulations put on everything and other things would have happened and instead of going up almost 50 , your stock market would have fwoen down 50 i really believe that. The dhangs to our business tax is expected to raise average Household Income by 4,000 roughly three million workers have already received tax cut bonuses and raises totaling thousands and thousands of dollar per worker. Thats just over the past six weeks alone because of our tax cuts apple is investing 350 billion in the United States theyre bringing 240 billion back they will pay a tax of 38 billion dollars. Theyre going to invest 350 billion therefor billion. When i first heard the number i say you mean million ive been saying you got to build plants here. Two days ago ex
And apple and amazon lead afterhours gains after the iphone maker beats expectations and the ecommerce giant beats record profits. And sony reports its best ever Third Quarter profit and forecasts a full record year the results come as the ceo, kazuo hirai announces hes stepping down. Welcome. Lets look at these markets. The stoxx 600 is on the defensive, sliding by 0. 7 as you would expect, after the deutsche numbers, the banks are leading the losses here over in europe lets take you through Deutsche Bank very quickly. Posting a net loss of 2. 2 billion euros for the Fourth Quarter. Much worse than expected the yearend number was really the issue here almost a a500 million euro loss. The third consecutive loss for Deutsche Bank. Lets look at individual european markets, this is how they look. Broadly weaker as you would expect xetra dax is off by 1 cac off by almost 1 the ftse mib down by 160 points. The ftse 100 in terms of the overall picture is doing reasonably well. So the loss is