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and pushes the notes aside and went back to a speech he had given over and over again over t the previous here. he knew this was a speech that would bring the crowd. there are rumors the famous gospel singer that sang before he came on stage was behind him saying martin tell him about the dream. she may have sensed this new speech wasn t getting it or hitting the right notes. so he threw it away. he pushed it aside and went back to the i have a dream speech and gave the speech that is now one of the most famous speeches in america. there is no mistake as to why that is. it is not a mistake. it is an incredibly powerful speech. he knew that and jackson was reminding him of that perhaps. but this was the thing to end on. that is the refrain that we all know. two weeks after the march, september 15th, birmingham. i think when we look at this march as a tremendous success we remember it with a tremendous and very uplifting speech to forget how to complicated the history ....
sector pmi before that. the dallas fed is going to look at manufacturing. the london markets are closed today. it is a bank holiday. we don t know when that is going to happen in london, but they happen from time to time. we will get the new home sales at 10:00. i thought this was in august yarder. forget about it. futures are up five. the 10 year yield is up 2.3. the euro dollar has plunged. there is no other way to put it. that is a while number four mario draghi. there is a nice spread between the crude. we re on to the next screen. we re looking at the equity nirvana. this is a low number. the dow is over 17,000. the german 10 year, that is not a misprint, .93. that is stunning given where we were last week. let s go to the monitor to show what is keeping esther draghi up at night. this is the german two-year. this is all you need to know amid a new low in the italian 10 year. the ramifications are back on the united states. belowa jump condition zero. by any de ....
very how can i say, generous. very generous because it is sustained in the welfare of the people. in the past you need to have as much to have land and slaves the better. today, as you have more customers and more markets and bigger economies it is better. you need that. the other people get on welfare because they will be a stronger country when you have participation. and where do you see that debate going on in latin america now? my concern is latin america the leader doesn t understand what is happening and they don t have a direction. it s everywhere. if you look the books of let s say, alvin toffer has 45 years and the ideas of all these concepts has more than 40 years and the only country that is moving in this direction is china and there is still so much confusion in so many countries and they love to find this in some of them. i think the big challenge is cultural and the lack of leadership. who knows where to go? right. and in particular, a final ques ....
is a good idea is that they are very protective of the economy. they close too much the economy and they are more than 200 million people, and they close the market and you need to produce things there or you pay 35% taxes. i think that should be a little easy, but it has been done by one government to be very protectionist for the industrial and the production nationally. saud, if we come to you, your view of the challenge that carlos has laid out for us, the debate over the direction that essentially a civilization should take is fairly pronounced in some parts of the world that you operate in. i mean, how is it affecting the way that you and your company make investment decisions, think about customers and look at opportunities? well, for us, i think we look at markets, the first thing we look at is the demographic in terms of the younger population and how quickly the population is growing. i think urban rule is very important for us and we look at those sorts o ....
i am filling in for erik schatzker today. he is off today. you know why? we are breaking economic news. november existing home sales are officially out. our economics editor, michael mckee, it is at his desk cranking away with the headlines. that news and we do not know why. right now we see existing home sales fell on the month by 4.3%. the worst performance of the year. a lot of people may attribute this, and it is a good that it is through to the fed that pushed morgan rach up mortgage rates up. two or three months ago when rates were higher, we have also had some bad rather bad weather. the final reason is that this is not the prime selling season. people drop off as you go into the winter and get closer to the holidays. people are buying less homes than they do in the summer. it is not good news for single- which are condo s, down. inventories not particularly good news, either, at this point. we will take a quick look here. inventory falling. not as much f ....