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Was it the fed with so many voices calling for rate hikes . Was it the consumer or the earnings for some companies or the fact that oil seems to be unable to break . Every day we try to figure out what is ailing this market. This week i looked up the fabled july 15, 1979 crisis of confidence speech to see what jimmy carter said during a period where america was suffering from a collective malaise. And i quote, for the first time in our history in the history of our country, a majority of our people believe that the next five years will be worse than the past five years, carter told the nation. Again, quote, it is a crisis that strikes at the very heart and soul and spirit of our national will, end quote. Of course at the time we were suffering from gas lines caused by an opec embargo, and from wild inflation caused in part by a weaker dollar that eroded our savings. Now the price of oil is on tenter hooks after being cut in half and its the dollars strength thats hurting earnings. Ther ....
Every day we try to figure out what is ailing this market. This week i looked up the fabled july 15, 1979 crisis of confidence speech to see what jimmy carter said during a period where america was suffering from a collective malaise. And i quote, for the first time in our history in the history of our country, a majority of our people believe that the next five years will be worse than the past five years, carter told the nation. Again, quote, it is a crisis th and soul and spirit of our national will, end quote. Of course at the time we were suffering from gas lines caused by an opec embargo, and from wild inflation caused in part by a weaker dollar that eroded our savings. Now the price of oil is on tenter hooks after being cut in half and its the dollars strength thats hurting earnings. Theres some kind of aversion to owning stocks which i think is part of a genuine belief that the future will be worse than the past for many americans. Carter talked about a poisoned political envir ....
What is ailing this market. This week i looked up the fabled july 15, 1979 crisis of confidence speech to see what jimmy carter said during a period where america was suffering from a collective malaise. And i quote, for the first time in our history in the history of our country, a majority of our people believe that the next five years will be worse than the past five years, carter told the nation. Again, quote, it is a crisis that strikes at the very Heart National will, end quote. Of course at the time we were suffering from gas lines caused by an opec embargo, and from wild inflation caused in part by a weaker dollar that eroded our savings. Now the price of oil is on tenter hooks after being cut in half and its the dollars strength thats hurting earnings. Theres some kind of aversion to owning stocks which i think is part of a genuine belief that the future will be worse than the past for many americans. Carter talked about ....
Brexit and the bank. Mark carney is back in brussels. How hard willie how hard will he hit the league camp this time . We are a half hour away from the european open. How do we think ands or shaping up . How do we think things are shaping up . 3 here in europe. The euro stoxx are down three. 3 . We finished in negative territory yesterday. Eurodollar, keep an eye on what is happening with the dollar. It remains a focus for investors. The dollar getting a little bit of traction. Brent trading come still 4794. Gold trading down and 3 . Trading down. 3 . Keep an eye on what is happening with the turkish lira today. We are going to get more information little later on. What is the future on one of the moderate reformers . We will talk about that later. Thats get you caught up. Here is bloomberg first word news with Juliette Saly. Juliette china may need a bailout worth trillions of dollars. That is according to an analysts. Of the risk ....
Center. A quieter market day. List two data checks like we did yesterday. The german report with the seminary, finally we are getting to where the government maybe is talking about contingency plans. Yes, very well respected. We havent had confirmation but what were hearing from politicians on the ground, this is something the government doesnt want to get into. But we do here that plans for Deutsche Bank national here more on them through the show. Lets get to the first word news. Taylor mario draghi goes head to head with some of his toughest critics today. He is in berlin where he will lawmakers whoan want to and record low Interest Rates in the area. They same it makes it difficult for eu countries for economic reform. Heposition labor party wraps up the fiveday labor conference today. He says that after having been elected party leader, he has a right to campaign on the i ....