279 points looking at the treadsrys the 10year is at 0. 77 . That is nuts especially when you start to look at where we were a handful of months when people were talking about a 3 as rates go down cheaper this is such a panic move. Is it forecasting a Global Movement the problem is that everyone was worried that stocks were overvalued the problem is there is no way of gauging what the effects are. Everyone at this desk could have started throwing stocks at the wall people are going for safety and quality. These are panic moves im not sure it is unwarranted people will sell off first and panic later. Theyll say im looking out for a year or two or three thats probably what well reassure now can stocks bounce off the previous lows of 12 i think the market has to recalibrate to digest the lower yield and the market sitting across the table, stocks dont often bottom on a friday but the fact that everyone thought they werent going to bottom is the chance that they werent going to bottom. Bef
Global Business Forum. Will be speaking to pierre moscovici, european for economic and funny to affairs, andreas , Allianz Global Investors ceo, and stephen badger, mars inc. Chairman. Lisa deepening some of the concerns about trade come the s p lower. Crude dropping as well as saudi arabia seems it is getting production online faster than expected. The euro losing versus the dollar. The dollar strengthening despite concerns about turmoil amid the leadership in the u. S. Onyear yields going lower this risk off day. David joining me now at the Bloomberg Global Business Forum is andreas utermann, Allianz Global Investors ceo. It is good to have you here. I want to start with why we are here. It is the Climate Finance Leadership Initiative. Explain to us what that is. Andreas it is an initiative that michael bloomberg, on behalf of the u. N. , kicked off about a month ago. It brings together a significant number of affluent to private sector organizations with the aim of cooperating and c
Of a u. S. Trade war, is it a risk to investors . First, to our top story, facebook shares took a hit earlier today after the wall street journal reported Mark Zuckerberg knew about the social networks problematic privacy practices. Facebook uncovered emails in the process of responding to a federal privacy investigation, raising concerns that they would be harmful to the company if they became public. The journal says that is part of the reason why the company salt sought a quick settlement. Here in me in san francisco, our bloomberg tech executive editor, so, tom, explained this to me here. The nuts and bolts here. What is the journal saying that facebook uncovered . Tom they are referring to an email exchange, which, by the way, they have not seen them. We certainly havent. We dont know where they got them. Apparently there was this exchange in 2012, around the time that the ftc was handing down this consent degree punishment about facebook and its privacy practices. At the time, th
Was first broadcast live on national media. Head of the center retirees of the Social Security organization announced the purchase of 52 of amir kabir petrochemical shares for 4,800,000 Social Security retirees. According to mr. Esadi, the share of each retiree is 15 million tomans, of which retirees receive 5 of their pension in 3 parts and the rest. In most of the facilities of refah bank, they pay for 60 months, a text message sent , 1 million tomans will be deducted from the retirees salary , anyone who does not want to become a shareholder and does not agree with this matter, send the number 11 , at least the money of 1 million will be returned immediately in relation to people. Which are done in the details of the next stage 500 tomans will be done and in the end, the rest of the beneficiaries will be shareholders with 270 tomans per month, may god bless all the loved ones. A 20 billion dollar construction capacity was created for iranian builders in the south pars National Press
Then you would plant these in a section that you have , you would see a section and he said to the students, yes, all these saplings of sweet figs and sweet pomegranates will be donated to the students of golestan and khodestan provinces. They themselves are the future builders of your country. They are among the youth who are planting saplings on the heads of the students with their strong hands, and you can be alive. What is this olive sapling . Do you want to buy, how much is the abandoned house now . You have to pay at least 100 million. You still say 25 billion trees. Yes , you could buy a part of the village with this money. In 1996 , it was 5 billion dollars. Calculate 96 dollars. I could buy a house in tehran. You dont regret that you planted a tree with this money. Well, no, i dont regret it , because look, we are in the homeland because we are travelers. Its time and the passenger of the train is moving , who wants to throw the train away from the station , or for example, it