From your. You also have some figures. Mark we have some german Business Confidence data crossing the bloomberg terminal. The latest survey, the business 112. 9 was the figure, up from the prior month. And above the economist estimates of 112. 4. German Business Confidence is increasing the expectations of the components of that. Expectation was for a figure of 105. 9. The German Economy is in good shape. As is the euro zone economy. As we approach the ecb meeting on thursday, it is all about the first round of the french residential election. Look at the cac 40 today, 4 higher, the biggest gain since august 2015. We are at the highest level since april 2015. The euro rising as much as 2 since december 2015, to the highest since november. 108. 50 seven. The yield on the french 10year is down by 10 basis points, and earlier fell as much as 11 basis points, to the lowest since january. Proof that appetite for riskier assets we have gold falling 1 today, sinking the most in more than seve
First of all i think the inversion critique is an odd one. I hate it. Its terrible. Its just a terrible precedent. Its really awful. Its going to do all these distortions and then its not going to do anything. I dont think its going to do as much as i like it to do, as much as, say, lebanon or schumer or some proposed legislation which is right with you tax partly. Or i should say the optimal way. The absence of a functional political system of congress can get around those obstructionists and work together, i think administration has a very important responsibility to try to protect the tax base and will be negligent if they decide not to. Which brings me to another disagreement, territoriality is somehow the long way to go. I would point out to listeners of this discussion, a very Important Initiative thats being undertaken by countries called beps, continually trying to adjust to avoid the very kinds of these erosions, base Erosion Profit shifting. This country to country to how an
It is my hope i know the president would welcome us. I hope their team will realize that it is not just a matter of welcoming. They should realize it is more likely to work out better if they do it with congress. The pay for, very tough question. We have a cr as well as a syrian authorization on the training of equipment, but we will have to grapple with a longerterm appropriations, not another cr. I am fully expecting, as part of that for there to be funding requests. But that is another reason why congress should debate the stuff up front. We ought to be asking the question, how much will it cost and how are we going to pay for it . Iraq and afghanistan were the first wars that United States decides to do on a credit card. Iraq and afghanistan were the first to where we said, we can kind of do this, members of Congress Kids wont get drafted now. We can get blackwater or a thirdparty to do stuff we dont want to ask troops to do. There has been a progressive executive overreach by putt
Significant rebound in growth in 2015. That is what i took away when i spoke to the new chief economist at the oecd. Oil is also going to be in focus. Kuwait coming out and saying they have no plans to cut oil production. Have come a little bit lower. Bank of england Quarterly Report this week. Will mark carney be forced to reduce his overall growth forecast . Decline inthe european exports from this country into the entire euro zone. They declined by 11 over the past year. The Growth Numbers that were assumed in august for england ecb will alsothe deliver data. You will also get the cpi numbers. s challenge ishi to get the rest of europe to replicate what has happened in spain and the republic of ireland. Jacques question the validity of that real change. You are looking at dramaticallyhigher unemployment rates. Lets have a look at some of the companies. Sinsburys will deliver cost cuts. There seems to be a consensus that a rights issue has been ruled out. Could they reduce their over
The british house of commons will be in recess over the next few weeks so Party Leaders can attend their annual conferences. The house of commons returns in october. You can watch this, prime ministers questions, or other british programming on our website, cspan. Org. Discussion on what Congress Might do about Domestic Violence charges against nfl players. With sally. , q a quinn. After that, another chance to see British Labour Party Leader Ed Miliband speak at his partys conference. 2014 debateign coverage continues live on cspan tuesday night at 9 00 p. M. Eastern with the final texas governors debate between wendy davis and greg abbott. Night, the oklahoma governors debate between joe dorman and mary fallin. Then watch the nebraska governors debate. 100an 2014, more than debates for the control of congress. Now, a discussion on nfl players charged with Domestic Violence, the league response, and what Action Congress can take. This is 40 minutes. Host we want to turn our attention