Restarting next week thathelped things in asia. In europe, its a bit of a mixed picture. The dax up by 0. 1 you do see red arrows for both the cac and the ftse the ftse, well talk more about Boris Johnson who will become the Prime Minister there today ftse now down about 0. 8 stocks are flat in italy and in spain. If you check out the treasury yields here in the United States, you will see this morning the tenyear is yielding 2. 057 the big story of the morning, shares of Big Tech Companies like google, amazon and facebook, theyre under pressure after the u. S. Justice Department Said theyre opening a broad antitrust review of Technology Firms the review was scrutinikru desie if these companies are stifling information and harming consumers. The Justice Department does not name specific companies, but it is likely to encompass google, foos facebook this is the real first shot across the bow by william barr and the doj. You know you have the democrats, you have the republicans also afte
Media this morning that the Hospital Systems are inundated right now with burn patients. Those suffering from smoke inhalation. She says theres no 911, service cell service is down phone service is down as well. The coast guard has confirmed that theyve had to pull 12 people from the water so far that ran into the ocean to escape the heat and the flames. La hina has been devastated. One resident says all boat owners have been asked to rescue people from the water. And here you can see in this video from a viewer there to our sister station on maui. That. Traffic is backed up. A lot of the roads in some cases blocked by downed power lines and by fallen trees, all courtesy of the extremely strong winds that were generated from hurricane well to the south of the island chain will get more from john in a minute on the weather and all of this. But look at this devastation that you see on the screen. The latest video coming to us from maui state of emergency has been declared, as you can ima
A veto. Inflation numbers out today show prices cooling overall but at a glacial pace. Meanwhile, consumers are racking up Credit Card Debt and dipping into their 401 401 k s at an alarming rate. Our economic brain trust is going to be here to to break it all down. Markets reacted this morning. Plus, weve got new details revealed about Hunter Bidens business dealings, and for the first time were going to bring you reaction from the president himself. And the fires roaring across hawaii already claiming at least 36 lives and has survivorses weighing the enormous costs of recovery. All that and much more coming up. Finish. Cheryl first to our top story today, markets rallying on todays inflation data. But consumers are fuming over something that wont even show up until the next report, and its the spike in energy prices. Gasoline prices, oil prices. Lets get the read from mayflower advisers managing partner larry glazer and luke lloyd. And, luke, to you first. This report was a little bi
Speakers included a formal consultant from the office of the u. S. Trade representative and member of the White House Council of economic advisors. From the American Enterprise institute, this is two hours. Well start again. Good morning, ladies and gentlemen, im glad youre with us. Im alex pollock from the r street institute. And we welcome you on trade deficits and the Trump Administration. It goes without saying debates about trade, tariffs, other barriers to trade, balance of trade and payments and shifts in foreign exchanges, whether the flee of gold in old bays or reserves nominated in fiat currencies now have a long and controversial history in domestics and in politics. These debates feature the famous and essential contrast between the interests of producers on one side and those of consumers on the other, abiding asymmetry and pressures for adjustment between countries with persistent deficits like the u. S. Versus those with persistent surplus, germany for example. Naturally
Us. Im alex pollock from the r street institute. And we welcome you on trade deficits and the Trump Administration. It goes without saying debates about trade, tariffs, other barriers to trade, balance of trade and payments and shifts in foreign exchanges, whether the flee of gold in old bays or reserves nominated in fiat currencies now have a long and controversial history in domestics and in politics. These debates feature the famous and essential contrast between the interests of producers on one side and those of consumers on the other, abiding asymmetry and pressures for adjustment between countries with persistent deficits like the u. S. Versus those with persistent surplus, germany for example. Naturally throughout this is the desire of politicians to get and remain in office. Political economy is certainly the accurate term here. Discussions of trade deficits cannot be divorced from the International Monetary system, levels of Exchange Rates or role of the u. S. Dollar as the d