Just thought things couldnt get any worse u. S. Chinese relations take another walloping this time of the hong kong preferential trade treatment. Im going to lets do business a sweet deal for apple the american multinational does not have to pay back 13000000000 euros in taxes to while it was what the e. U. Had been trying to force the company into doing but the Irish Government took the case alongside apple to europe 2nd highest court its long denied that its tax arrangements with the take them out to a legal state 8 the European Commission is expected to appeal the ruling to the European Court of justice. Earlier this year and then irish Prime Minister Current Apple chief executive tim cook had an anniversary to celebrate 40 years since apple started manufacturing in our land over the decades the e. U. Country in the us i phone maker have both profited from the arrangement. Apple gets a massive tax break but it provides employment for Multinational Companies the favorable situation i
After yesterdays midsession rebound, the dow initially fell more than 750 points from the trading session before that striking turn around and finished higher more than 750 points s p 500 went from more than down 1,500 and nasdaq went to close up by 1. 4 these moves came after the fed said it would buy individual Corporate Bonds, not just the etf. President powell trading these today not only on what jay powell said but this idea that the administration will be looking for a 1 trillion package it just seems like the federal government is doing the best in their economy. S p indicated up by 41 and the nasdaq indicated up by 73. Looks like this morning, the 10year is yielding 7. 43 . Watching this stuff how it played out yesterday was kind of phenomenal i couldnt believe what we were watching at the close. It was quite unbelievable you are right houj part is the government stimulus unless that leaked out watching the market. It was down. I dont like mondays anyway. Then i saw 400 and bas
Closely. The treasury yields are probably the more important story were watching this morning. Lets take a look at that. Youll see the tenyear is yielding 1. 067 . Mike santoli point the twoyear at 0. 73 right now. Its been cut in half since valentines day. I think a lot of the push and pull of futures from when they opened last evening, are we going to get a surprise rate cut . Weve had Central Banks around the world comment on that. Its been stunning considering bond yields were already very, very compressed coming into this weekend and now weve just stretched the new lows. At one point 0. 69 , that still stuns me for the tenyear. Weve been continuing to watch these numbers drop rapidly this is the story people will watch closely. We should point out, stocks in shanghai surged overnight on speculation that authorities will stimulate the economy soon. As mike mentioned, theres talk of potential coordinated central bank move. Thats something our guest host talked about on friday, an op
Also, former former state Department Official Mary Thompson joan discusses leaked diplomatic cables on book tv afterward program at 9 00 p. M. Eastern. At ten, they recall the life of a former state Department Employee turned soviet spy. We wrap up our sunday primetime lineup at 11 with the account of the final months of president Franklin Roosevelts life. Thatll happen starting next on cspan to book tv. First up, here is joseph stiglitz. Good evening ladies and gentlemen and welcome to barnes noble upper west side. Tonight i have the distinct pleasure of introducing author joseph stiglitz. Mr. Stiglitz is a nobel prizewinning economist and the bestselling author of a number of titles including the great divide, the price of inequality, and globalization and its. [inaudible] he has written for vanity fair, political, the atlantic and harper. He brings us today his new book, the euro, how, how a common currency threatens the future of europe. Can the euro be saved . After laying the mis
Also, former former state Department Official Mary Thompson joan discusses leaked diplomatic cables on book tv afterward program at 9 00 p. M. Eastern. At ten, they recall the life of a former state Department Employee turned soviet spy. We wrap up our sunday primetime lineup at 11 with the account of the final months of president Franklin Roosevelts life. Thatll happen starting next on cspan to book tv. First up, here is joseph stiglitz. Good evening ladies and gentlemen and welcome to barnes noble upper west side. Tonight i have the distinct pleasure of introducing author joseph stiglitz. Mr. Stiglitz is a nobel prizewinning economist and the bestselling author of a number of titles including the great divide, the price of inequality, and globalization and its. [inaudible] he has written for vanity fair, political, the atlantic and harper. He brings us today his new book, the euro, how, how a common currency threatens the future of europe. Can the euro be saved . After laying the mis