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I am Francine Lacqua in london. Lots to get through. Politics filtering through your currency markets. First things first. Lets check in on your markets. Stocks down with the stoxx 600 down 2 10 of a percent. The euro slipping with most currencies against the dollar after draghis dumbest done vish message. At can see japan, the yen 111. 07 and the south african rand extending losses to a second session after the president jacob zuma survived a bid to oust him. Your data, but lets get to the bloomberg first word news with nejra cehic. Nejra the president at the st. Louis fed said the jury is still out on if the Trump Administration will meet wall street expectations. Some bullard said at point, the honeymoon period will come to an end and washington will need to deliver on policy promises that have driven the stock market. James the business numbers shot up after the el ....
Take stock of what jackson hole will bring with janet yellen. Tom weve been doing this all week. Equities weaker yesterday. Not a shock, but just off the boredom, a very difficult afternoon for markets in the u. S. Janet yellen front and center. 10 00 a. M. Tomorrow, francine, eastern time. You wont hear her speak. It is in a closed room. Embargoedgets an speech and we will have all the headlines out at 10 00 a. M. Exactly. Francine that is what the markets are watching. Today we look at geopolitics with the deal in columbia between the government and the guerillas. Lets get to the bloomberg first word news. The death toll is rising in italy. The government says at least 257 people were killed when the quake rocked central italy. Three mountain towns were leveled. Rescue crews are trying to find survivors. Many of the buildings were built centuries ago. In kabul, Authorities Say at least 12 people were killed in an attack on the ....
Why am i willing to go out on a limb . As an economist might put it, on the one hand, according to the website, super scholar. Org, mark is one of the top 20 living economist in the world. I guess that designation is a gentle way of reminding us that as a no longer living economist famously said, in the long run, were all dead. But i digress. Marks topranked status was echoed by a columnist for scientific american, who that he haste emerged as one of the clearest writers on all matters economic today. The next, Milton FreemanMilton Friedman. Mark comes byand, his knowledge of Milton Friedman on a firsthand basis. Reveal, they had a dear, but occasionally prickly relationship. The two of them constantly argued over a variety of issues, but always remained cordial. Mark was probably the last person to go out to lunch wi ....
Be very liquid, but youre not guaranteed you will get paid back in full. I would think it would be a wonderful future where our grandchildren look at these plain vanilla bond Bank Deposits like they look at dvds, that that is, what am used to do that . That is a crazy. We do not do that anymore. There is really a scope to do that. I think we need more Public Education about the Financial Sector, about finance in general , and i speak certainly of public tv, radio, internet, but much more broadly about hopefully providing balanced analysis, and then a be helping them understand some of these, located contracts that they now have to buy because we do not have anything except an atm at the bank. And then finally, of course, the mythical system is at the core of the political system is at the core of all the financial cri ....
Until we get validation that inflation is coming down. It is not a matter of if there is a recession, it is when and how much. Announcer this is bloomberg surveillance with jonathan ferro, tom keene and lisa abramowicz. A most unusual tuesday, the market on the move that it is a tuesday of international relations. In two hours plus, the speaker of the house is scheduled to land in taiwan. People looking at flight radar of the trip from singapore through the philippines to taiwan. Jonathan local reports indicating touchdown, something about 10 20. We are all trying to work out how china is going to respond to this. We talked about how china had 35 food exporters. Youre going to see more of that and something more direct, specific cap United States. Tom and maybe even Something Like canceled plans of a bidenxi meeting . Maybe even september. You really wonder of the upset and th ....