Stay updated with breaking news from Brian bank. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Is when Prime Minister netanyahu faces a challenge up to the leadership of the party after failing to form a government. Lets talk about trade and not the usual tensions between the u. S. And china. There is escalation cost true trade wars two trade wars. Move is cutting tariffs, a partly aimed at expanding imports. The news comes as beijing and washington work to finalize the signing of the first phase of the trade deal next month. Japan and south korea agree to negotiate on export controls. President moon jaein and Prime Minister shinzo abe will meet for bilateral talks i tuesday, tomorrow. Joining us to discuss in more detail, bloombergs executive editor for Greater China john liu. Why is china cutting tariffs now . Remind us the process involved. John some of the products include pork, which is important to china. The ....
Most since 2008 after accusations of fraud. Matt good friday morning. A historic week in markets. One in which bank of america says we have seen traders rage for safe havens like we have never seen before. Part of the reason why we have seen yields plummet to alltime lows. Nejra what a week it has been. Whipsaw in yesterdays session. We are stabilizing a little bit. Haveabove 1. 5 but we dropped more than 20 basis points on the 10 year yield this week. The curve in birding for the First Time Since 2007. We are above zero now. Close toar yield stays 2 . In terms of other safe havens, that is part of what banc of america was planning to as well. Matt talking about the rush to the yen, rush to gold. The 10 year yield and 30 year yield. We do see the yen strengthening up a little bit against the dollar today. Off. Coming but still relatively close to the record high. A bit of awe see risk on read across futures. Amidst this local bo ....
Sentence for a convicted rapist. Shifts to the judge, who handed it down. Good evening im pam moore. And im steve aveson. Steve controversy swirling around judge aaron persky who gave former stanford swimmer brock turner six months in jail. Grant lodes joins us now with more on the backlash against persky. And who is coming to his defense. You cant go on social media. Especially facebook and twitter,,without seeing people all over the country talking about this sentence. Grant now. A national womans Advocacy Group called ultra violet. Says its collected nearly 800 thousand signatures on a petition. Which calls for the removal of judge aaron persky. But some are coming to the judges defense. We talked to a deputy public defender who says hes appeared in perskys courtroom many times. And disagrees with any attempt to recall the judge. Calling him fair and honest. Following the rules persky is up for reelection. Hes running unopposed ....
We were discussing on the stage earlier that it is strangely similar to one of those revolving stages on which rock bands at the end of the 1990s. U2 had one of these. We revolve around as we go. The rock band thing is a briefly accurate in the sense that we have five rock stars of finance in different ways. We have brian of bank of america, the head of the eurogroup with the much faceted role of keeping the single currency in order. Steve schwarzman of blackstone. Perhaps i will start with you. You have this challenge of this amorphous thing, people from Silicon Valley, and eat your lunch. Do you think the way in which that is being regulated is correct or does it impose too many costs on you and give these other people too much of a fair crack at it . In what way do you look at it . From the point of view of the future of finance . Brian if you think about regulation, it clearly hasnt caught up to the change. That is natural. Ev ....
Stocks pulling back a bit from the all time highs one day after the Federal Reserve surprised the markets by holding the stimulus steady. Bob pisani . Some were disappointed. After people started sorting it out, stocks slid all throughout the day as Interest Rates rose. That is far and away the most important story. We did see cyclicals gain a little bit, but not much. Interest rate sensitive sectors were weak today as rates moved up. Banks were weak, too. The volume today, im going to call it above average. Its not heavy. But its above avrmg. The favorite quote i saw today, maria, if the economy was strong the fed would have tapered. A lot of people reflected on that. See the stock market action. Look at industrials. There was a small group of industrials that did well today. Global industrials did well. Take a look at material stocks. Another economically sensitive group. ....