Live Breaking News & Updates on Albright Stonebridge Group
Stay updated with breaking news from Albright stonebridge group. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Week wherever books are sold and watch for many of the authors in the near future on book tv on cspan2. History and biography is sponsored bywells fargo. [music] welcome everyone, everywhere here with Madeleine Albright, 64th secretary of state and here to talk about her new book Madeleine Albright hell and other destinationsand i just finished reading it and i look forward to having a conversation with Madeleine Albright about it. Welcome to our broadcast today. Great to be with you david, i enjoyed talking with you anytime. I am at the Jefferson Building in the library of congress, madeleine is at her home in the washington area. We had a longstanding relationship because madeleine and i were young staffers in the white house under president carter ....
Market. Three year and 10 year bond options coming in superstrong. Watch how that winds up performing. Time now for todays top market moving news from our new york team and washington team. We want to begin with economic the u. K. Economy shrinking on the 6 in march. Predicting what could be its deepest contraction in more than three centuries. Bloombergs Michael Mckee has more. Michael ask not for whom the bell tolls. It is the u. K. This time. Just one week under lockdown was still enough for a 2 contraction during the first quarter. As you mentioned, a 6 contraction during the month of march. Britain plunging into what may be its worst depression or recession, at least, since 300 years ago. Three centuries, according to those who have been figuring out. Tourism fell by 46 , air transport down 44 . Engine ofpending, the the economy, down 1. 7 in the first quarter, the largest drop since the financial crisis. We got data from the ....
I do want to interrupt your lunch, so feel free to keep eating, but as promised we are going to have a really good, important discussion that will help to draw on what we heard this morning and build by thinking a little bit about how to reset a strategic frame to support Good Governance. Think about all the things we heard this morning about some of the problems, some of the challenges that need to be addressed in fragile states. Governing institutions need to become more accountable. We have to work on ways to build inclusiveness, tackle the problem of marginalization and exclusion, figure out how to empower youth to take leadership roles. The importance of enabling Civil Society to be an important part of cementing a stronger Space Society relationship. These are all dimensions of governance in one way or another, and ....
Sort of waiting for it. We got it today. Very interesting, and a lot of this comes from some of the overnight data we got overseas, like you mentioned from china, and then the u. K. And from germany, and of course now here in the u. S. Markets deteriorate in the last hour or so. David we come back to the same question again and again. Is this a projection of future growth, or or of a position where people need to put their money somewhere and drive down yields as a practical matter . Taylor lets get a quick data check. It is all about bonds today. We talked about futures here after what was a really good day yesterday, deteriorating this morning. Off about 1 or so. Ns is back in positive territory. German tenyear now at a 64 basis points. You wonder what the ecb does next. When we look across asset for the safe haven plays, for me it is all dollaryen. We have again continuing to strengthen. Handle is something that catches my eye. Gina we are joined by martin adams and vince cignarella ....
War. David what can opec do about it . I will put a chart that illustrates what youve been saying. Outlook is down, normally that would drive prices up, but now prices coming down. That points out it is the main issue. Opec cannot do much about that, can they . Kevin helen absolutely not. Saudi arabia has been leading the cuts opec and its allies agreed in terms if the amount they can take off the market. Saudi arabia has voluntarily cut much more than a pledge to do. The fact that crude prices in london are around 60 a barrel, well believe the level most opec producers need to balance their budget, there is not a huge amount more they can do. As you mentioned before, prices are reacting to what has been going on in terms of expectations of Global Economic growth and the slumping equities we have seen recently. This week in particular weve seen a lot of volatile a couple of days ago there was a 5 drops in crude prices on both sid ....