Rising in yield, around five basis points. 4. 1522 is your spot. Oil adding . 72 a barrel to 83. 52. What are you watching . Jon the bullish commentary from the iea which is helping oil and energy stocks. You have seen green in things like also dental. But you do have the underlying we this in technology and heavyweights like nvidia now under pressure for the first day in a row. Then we have corporate stories we continue to track. Ubs is moving away from Government Support as part of the Credit Suisse after transaction which has sat well with investors globally with ubs at this hour of 5 . Now, we talked about the big deal between espn and 10 and penn. They shifted from barstool. David portnoy will be taking over again. Matt interesting move as well as ubs. Lets switch to hawaii. Rescue crews and aid on the way to lahaina, hawaii where wildfires killed at least 55 people and 7000 people remain unaccounted for. Lets bring in the associated administrative constructor. First of all, what
A third round shock by Beating Premier League side, stoke. Good evening and welcome to bbc news. Donald trump has launched a new attack on the author whos accused him of being unstable and incompetent. The president told a News Conference at camp david that the book by Michael Wolff was a work of fiction, saying hed been to the best colleges and been a tremendous success on television. He also repeated his denials that thered been any collusion with russia during the president ial election in 2016. David willis reports from washington. Boarding a flight to camp david for meetings with senior republican leaders, the image that donald trump was seeking to project was one of order, professionalism and control. Instead, he finds himself battling claims contained in a book, claims which question his mentalfitness. I went to the best colleges, i went to. I had a situation where i was an excellent student and came out and made billions of dollars, became one of the top business people, went t
Away from a bad deal. What happens if we dont get a deal . Our argument in those circumstances is youve got to be able to walk away. Youve got to plan for that even if you dont intend it. Business leaders warn of a drop in confidence following the election saying Political Uncertainty could be disastrous for the economy. Its five oclock. Were At Westminster where theresa may stands accused by labour of presiding over a government in chaos following news that the queens speech, setting out the governments legislative programme, could be delayed. It was meant to take place in a weeks time. The conservatives are still negotiating with the Democratic Unionist Party, to support mrs mays Minority Government, after she lost her majority in last weeks election. Labour says the possible delay to the queens speech is because the government has no idea what it plans to do. Right now, theresa may is addressing the 1922 committee of Conservative Backbenchers well have the latest on the reception sh
Institutes 40th monetary conference. Welcome back. I am going to be moderating our next panel, so thank you for joining us today. I am joined by mr. King, mr. Borio, who is the head of the bank for international settlements. Larry summers, the former treasury secretary and professor at harvard university. And tyler goodspeed, who is a fellow at the hoover institution. And it served at the cea in the trump administration. Our panel today is on what have we learned and you can submit questions for the audience that we will get to later on on catos webpage. You can send those on facebook, you can submit them on twitter, using the cato and we will get to those questions after presentations from all of our panelists, which we will get to right now. And we will start with mervyn king, so lord king, over to you. Mr. King i am delighted to join you at the cato institutes 40th monetary conference. 40 years ago, we were coming out of the great inflation, when inflation reached double digits or h