couple old friends along with 1 million other acquaintances. weikel and i go way back. let s start out talking about, you are an art history major at princeton and you go to wall street and do really well. you could have been rich. you could have your own plane at this point. instead you went into the book business. tell us how that plays out. guest: joel and i were classmates in college. it was an accident. he thought it would be good, they didn t know we knew each other. this is an opportunity for joel to express all the resentments he feels. this is the undoing of joel and michael. the fact so the question is why i quit wall street. i didn t know i knew what i wanted to do with my life in college. you wanted to be there. when i got out i didn t have any plans. it didn t occur to me partly because of how i grew up. i grew up in new orleans. it didn t occur to me that i would have to. hence our history. it was a place for careers to die but it was a great place to study
. we have quite a lot going on in the markets. we are getting breaking news out of china. reserves are little bit above estimates, but in mind what what we were expecting. but in line with what we were expecting. onto your markets. the turkish lira. a senior member of the catalan party calls for dialogue with spain. let s get straight to the bloomberg first word news. here s sebastian salek. sebastian: a senior republican senator has said donald trump s reckless threats towards other countries could set the nation on the path to world war iii. president treats it often like a reality show. his support will be critical to the president on tax reform. after a massive rally in barcelona over the weekend, a the catalanr of administration calls for dialogue with madrid. the catalan president vowed to press ahead with his independence strike. angela merkel has a great to an annual cap for migrants into her country. it is the first policy fallout on the recent election. she had p
set back from the brink, putting independence on hold and calling for negotiations with madrid. betty: we hear often, what are the black swans out there? perhaps a few months ago you would not have heard catalonia who would have thought this? we have seen market reaction in europe in particular to the further independence moves by catalonia. spain saying this is deferred independence we are facing. i want to show a quick chart to show so far how isolated this is. it looks like it could possibly spread. 99, the white line showing you that point where we started to see more and more about the independence referendum. falling, dramatically diverging with the euro stoxx 600 index. that gap looks to widen as we see a bigger and bigger rift between catalonia and the madrid government. yvonne: seems they are still delaying this independence push. country, the politics and economics side of things, threatening a key economic region for spain in particular. we heard from of the im
word that is very important to spanish roots. megan: it is important to spanish roots but talked about something that is global right now, and that is the decline in connection that we have come a , a common spirit, a common purpose. that is the word used in spain. what we are talking about is the conflict in spain, catalonian independence and what amazing shock factor and a ripple effect as that battle continues to rage on. it is also a global phenomenon, we are seeing the rise of populism in many parts, particularly western democracy. are we seeing the disruption and dismantling of the bonds that have kept us together in a unified human endeavor, unified human spirit and purpose? carol: we were embracing of the now we arences, but pushing back. megan: exactly. and now, instead of becoming a melting pot or a place where we can bring differences and still be in support of something bigger than ourselves has that , been lost? the independence movement, there has been violence
editor-in-chief, megan murphy. we all learned a new spanish word this week. it is very important. megan: it is important to spanish roots but talked about something that is global right now, and that is the decline in connection, a common connection, a common purpose. that is the word used in spain. would we are talking about is the conflict in spain, catalonian independence and what amazing shock factor and a ripple effect as that battle continues to rage on. it is also a global phenomenon, we are seeing the rise of populism in many parts, particularly western democracy. are we seeing the disruption and dismantling of the bonds that have kept us together in a unifying human purpose? carol: we were embracing of the differences and that we are pushing back. megan: exactly. and now, instead of becoming a melting pot or a place where we can bring differences and still be in support of something bigger than ourselves, as up and lost? has that been lost? the independence movemen