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We saw a little bit of volatility with stocks starting the day on a down note. Crude oil is the one to watch after this attack on oil tankers after the tanker incident in the gulf of oman. We will be speaking to reporters on the ground. This is the picture for the u. S. 10 year yield. Also looking at the pound but this is the first day were we have u. K. Lawmakers doing the first round of voting. Voting to choose the next Prime Minister want to choose the leader of the tory party. Minister and to choose the leader of the tory party. Coming up next, we speak to the chief executive of the Swiss National bank after their policy decision. But first, lets get bloomberg first word news. Hong kong lawmakers have scrapped a debate on controversial extradition legislation as tensions remain high between police and protesters. The question turns to what happens next and if this will be ....
Thats a smart thing, not a stupid thing. Good morning and welcome to am joy. Over the years donald trump has claimed himself to be the king of debt. In his business dealings, a title that played to his image as the ultimate dealmaker who knew how to leverage debt to expand his family empire. When he wasnt the king of debt, he was instead the king of cash, a selfcrowned term he used in 1990 when telling the wall street journal, quote, theres nobody that has the cash flow i have. I want to be the king of cash. Which one is it . King of debtor the king of cash . According to a new piece in the Washington Post, the latter. The piece revealing, quote, in the nine years before he ran for president , Donald Trumps company spent more than 400 million in cash on new properties including 14 transactions paid in full without bow rowing from banks. The piece notes the biggest cash bi bin ....