The key is to think about it order by quarter. You had a deep drop in the economy last quarter, and you are back up to where 95 of the economy is restored, and then we all work out the high net was one point 2 a 1 to 2 of the economy, it will take a while to grind through that. The audi is every at the reality is every estimate has gotten better rather than worse. Why is that . Consumer activity stayed strong. The fiscal stimulus, the monetary stimulus, the programs the fed has between the government and congress, between what the fed did. To bring the hole economy back up to the level and now we have to let it work out from there and we probably need more stimulus for defined places still in difficulty. Restaurants, state and local governments, schools, performing events, venues, some of the Industries Airlines and other things that you cannot have people do at the rate we have before. The rest of the businesses, Dentists Office are busier than theyve ever been. We saw Consumer Spendi
The play was just extraordinary. Alix that was the winning moment at the end of the whole game. David and he didnt get up. Alix i do not blame him. The real action is going to be looking at the dollar, kind of around a two week low. Other than that, steady as she goes. The 10 year yield back by about three basis points. Crude, if itnt out is policy steady as she goes, that means more saudi production cuts. Crews wanting to kiss that 60 for crudeg wanting to kiss that six together level, waiting for toio draghi crude wanting kiss that 60 level, waiting for mario draghi. We begin with china, where the country faces and import and export deceleration in the month of august. Bloombergs enda curran has more. Just how bad was it . Pretty bad because economists were expecting exports would have grown. We had a contraction of 1. 1 , and there was evidence of a big slump in shipments to the u. S. , even as exports to europe grew, so it was clear the trade war affected all of that. The big fear
At 1. 9s coming in billion. Investment banking revenue at 1. 3 8 billion. We will discuss later in the hour. Well get Goldman Sachs. David time for the morning brief. We will give you you as production data. The greek Prime Minister will be visiting the white house today. There will be a joint News Conference at 1 30 this afternoon. At 3 00 we will get an idea of how the fourth round of nafta investigations have gone on. President trump will deliver a major policy speech on tax reform tonight in washington. Thats coming up at 7 30 this evening eastern time. In the u. K. Data came out showing the highest inflation right in more than five years in september. Increasing the odds for boe policymakers to raise rates for the first time in a decade. Earlier this morning mark carney reiterated the bank expects inflation to peak above 3 around october. After the data came out the pound raced in advance. Hsbcrevised forecast expects the pound to reach 135 of from the initial call of 120. Now we
Thank of japan and other central , rates are a supernova, a policy set the backfire. Follow me on twitter rishaadtv, include trendingbusiness. Hong kong markets returning. Shanghai still off. Singapore and malaysia coming online. Heres david. Today might not be the perfect time to rejoin. Declines across major markets. Southeast asia markets getting a little bit of buying. , 120 point drop, a lot of talk, but watch that market. We will be all over that story if that drop continues. Yend risk aversion, dollar, yields at record lows. Equity markets on the way down. The referendum in the u. K. , so you cant blame Fund Managers from pulling back on these long positions. As promised, have a look at these bond yields. Have a look at where the german 10 year is. We are pushing to extreme levels. Also watch the currency markets, japanese yen 107. Yen. Euro i will flesh out everything for you later. Back to you. Rishaad indeed, the yen and that trading range. On news that as china group will bu
Get court papers and Everything Else and nobody will give them to me. Is there a way to do that . If so, how would i go about doing it . Paul those miranda issues have to be raised immediately at the time of trial. You cannot raise them later on. It becomes too collateral to allow it on a habeas corpus or Something Like that. Susan the Supreme Court anticipated that there would be a flood of cases that had been tried before this decision, so they put a marker down. The june 1, 13 rule. That, to me, was confusing. If it is a right, it is a right. Not one set by time. Paul there were a number of appeals that were filed before then. There were cases of murderers there was one case in new york where someone had knifed four or five people and killed them. That confession, which was perfectly valid when the police had obtained it, because they did not have miranda cards or rules, was thrown out. Fred grant has an interesting book called the selfinflicted wound. He said, whatever you think ab