You are welcome. This is the pulse. Where life from bloombergs European Headquarters. Wellp, what we have we have a feast. We hear from the former cochief executive of Deutsche Bank as he is interviewed by john micklethwait. In about a halfhour, i am going be speaking from the speaking to vittorio grilli. We have an actionpacked the pulse for you. Thatgross who predicted u. S. Equities have another 10 to fall. Another leg lower. Investors should sickout the current volatility. There is no doubt that there was full of tilting which indicates there is a move in markets. Investors should continue to have a risk off posture. What does that mean . That could mean larger amounts of cash. That could mean Higher Quality investments. In terms of bond market, more treasuries and more duration than you normally would. Manus that comes as Goldman Sachs warns there is a chance that Federal Reserve will delay well into 2016 or later. Factoryoured german data printing this morning. Markets digesting
Nell. Its a terrific book. Thank you. Its a terrific book on an important topic, and, you know, you dont think that realizing about congress is going to keep you up at night because you dont want to put the book down, but i really, i really found it when i said riveting, i really meant it. Thank you. It was a good read. Its absolutely fascinating. Okay. Your book emphasizes what you call the complex and contradictory cast of characters who pulled the bill toward or away from the president s desk. Thats what you said. Would you please say more about that . Yeah, sure. First of all, let me just say thank you very much to green light for having this. As jared mentioned, this is literally my neighborhood bookstore. I live down the street, and were here all the time. In fact, bring our kids to listen to the wonderful sounds of jared some sunday mornings. So its a real pleasure to be here to talk about this book. And, of course, thank you very much, nell. You know, you and i have worked toge
Mark hello. I am mark barton. Manus also bringing up, we have a closeup of what a 40 million watch looks like. Plus interviews with the ceos behind the brands. Mark treasuries rally as janet yellen proves she is predictable on patients. The exit from easing may be more gradual than markets anticipated. Yellen because we removed of word patient does not mean we will be impatient. Anna the dollar saw its biggest drop in six years as she stressed to there would not be a tightening until inflation returned to targets. These things might take longer than markets anticipated. She warned of the impact of the strong dollar. Yellen inflation has dropped below the longerterm objective. Declining import prices have also restrained inflation. In light of the appreciation of the dollar will likely continue to do so. Anna other currency swings on the backs of the news. Lets get over to manus at the touchscreen. Manus if you want to rep it up, my that woman packs a punch manus my that woman packs a p
Golden Spike National Historic Site walking you over to where the transcom no railroad was completed. This spot right here marked by the lower wood tied is within inches of where the original ceremony was held on may 10, 1869. The post that you see right next to it was actually placed than they reserve aid the exact location of establishing the site in getting ready to set rings up so that is marking pretty much the exact location within inches of where the original ceremony was held. This is a replica of what had been lost in the 1950s San Francisco earthquake and fire. All of the items brought up for the ceremony would have been brought up by the Central Pacific out of california. Included on this guy site is a plaque that was many of the dignitaries from that company, the Central Pacific in particular including Leland Stanfords name and the big four are all marked fair. One the Transcontinental Railroad was completed it made a major impact in the Industrial Development of this natio
The joint Economic Committee, consistent of what we saw from the recent fed statement. She says the economy is starting to improve after the First Quarter as bad weather, but also says a high degree of monetary compensation is needed. Changes that the fed has put in place. She also talks about Financial Stability, addressing concerns about possibly bubble starting to form. To me walk you through what she had to say. She said the firstquarter slowdown was mostly due to transitory factors like the weather. She says many indicators indicating a rebound in spending is underway, putting the overall economy on solid track for growth. She goes on to say labor Market Conditions have improved appreciably but still far from satisfactory. She also talks about the stagnant wages out there, another indication, she says, of slack in the economy. Says risks,es three geopolitical problems. She does not say ukraine directly, but you can infer that is what she is talking about. She also points to the re