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this is francine lacqua on bloomberg surveillance. we have a great exclusive interview with benoit coeure, the it was the ecb member. the exclusive ecb member. mark, what does the data look like? mark: we are low today, quite a losing run for the stoxx euro 600. we saw a big selloff in technology shares in the u.s. on friday. sterling, not as big a decline as we saw on friday in the wake of the inconclusive election result on friday, which sent sterling down 2.5%. at the end of the day, sterling is down by 1.6% roughly. investors are looking ahead, mean for short-term versus long-term volatility? u.k. 10 year field has barely changed today. it fell three basis points on friday. investors weighing up what the election means, weighing up against data. we had weak consumer data today. the boe this week, wage data. and gold also falling for the first week in five last week, marginally higher. the fed expected to raise rates this week against political uncertainty. thank ....
year 2018 budget requests. we welcome secretary mattis for the first time before our committee. we welcome chairman dunford ba back. the question today, as it is each year for this hearing is, how well the administration s proposal meets the security needs of the nation. factoring both the external threats on the current state of our military. this committee has repeatedly heard testimony over the last two years that our country faces more serious complex pretty challenges now than we have ever faced before. the hearings and briefings we held on the current state of our military have been disturbing. the ministration budget request of $306 billion for base requirements a 6% above the 17 an active level and 3% above the last obama proposal. it s also $37 billion below what this committee assess last fall was needed and about $58 million below the fy 12 gates budget which was independently validated by the bipartisan national defense panel. the issue is not about numbers. ....
committee meets to receive the testimony of the secretary of defense and the chairman of the joint chief of staffs on the administration s fiscal year 2018 budget request. we welcome secretary mattis for the first time before our committee and we welcome chairman dunford back. the question today, as it is each year for this hearing, is how well the administration s proposal meets the security needs of the nation. factoring in both the external threats and the current state of our military. this committee has repeatedly heard testimony over the past two years that our country faces more serious complex security challenges now than we have faced before. the hearings and briefings we have held on the current state of our military have been disturbing. the administration s budget request of $603 billion for base requirements is 6% above the 17 enacted level and 3% above the last obama administration budget proposal. it s $37 billion below what this committee assessed last ....
a.m. in london. this is bloomberg markets: middle east. for a week it has been local markets. especially if you take into consideration it was a week when we had the interest rates moved by the federal reserve. they hiked on that front. we had an attack on congressional representatives in washington. political uncertainty that continues through the markets. and the market moving for whole foods by amazon. if i told you that this would this is how the u.s. would close at the end of the week, you would of called me crazy. theselloff did not prevent s&p 500 to end the week unchanged. i will get you a quick run through of the markets. the nasdaq, 100, 2 week drop. that is the worst slide since november. netflix and microsoft, you can cbs and p 500 early about the flat line. we did have some interesting moves on some of the bigger companies. let s cross over to this part of the world, in terms of key asset classes and focus on brent crude. $47.37, that was late trade on ....
okay, good afternoon, everyone. my name is marcel womba, i m president of the gulf states institute. i would like to welcome all of you to our talk on financing terrorism. one of the many attempts to prevent terrorism, cutting off the financial flow is the most crucial. it allows them to recruit, control territory, plan and carry out violent operations on a global level. there are emains a top priority for the u.s. as we seek to defeat islamic state and other terrorist groups, the u.s. and its gulf arab partners have taken significant steps to stem the flow of funds to terrorist groups over the past 15 years. really a very robust effort since 9/11. however, despite the various measures and regulations put in place, terrorist organizations continue to generate and come from the region to finance their activities. what more can be done, regionally and globally to stem the flow of money to violent extremists. we have a very distinguished panel with us today to answer that ....