Stay updated with breaking news from Southern district. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
even though officials did not exclude the bond buying thing extended. that is what you need to know. david: continuing on the top story about the ecb. a many tempora can t a mini tenter hampshire a mini temper tantrum. gradually tapering away from quantitative easing. we are joined by paul gordon, our editor responsible for covering central banks, and guy johnson in our european headquarters in london. paul guy, i m sorry. i want to go to you. tell us what the reaction was in the markets over there. guy: the market reaction was fairly fierce, to the honest. may of 2013.be of the market was spooked by that s would have a ecb taper when the current program winds down. but the rational heads are working their way through this. of course the ecb is thinking about a plan for when he needs to wind down, but if you took a look at the latest data, the expectations, in the ecb, the ecb downgrading its projections. the euro-dollar rate, but it did not pick up inflation. it ....
responsibility and the great nation that you have blessed us to be a part of. we do pray for our nation. we pray for our elected leaders. we pray for president obama particularly, has he leads this nation, that you might grant him wisdom, and that your sovereign hand might be directing the .ecisions that he may makes we think of the tragedies that have happened recently, the attacks on the well-being of citizens. we pray that you protect the life come and pray that those of us who know you, who live godly lives will be able to influence those horror around us. i pray that we can do that for your glory. we pray that you bless this discussion tonight that we might learn something that would make us more effective citizens. we ask this in christ s name. amen. this evening s panelists, i want to take a few minutes and set the context and purpose for the tonight s discussion. it is my opinion that believable s believers, or evangelicals, should engage in civic responsibi ....
my view is the greatest of our institution. this is not been fully appreciated by most otherwise well-informed americans. what did you mean by that? i meant by that that the polls show that when the court is seen as partisan, when thepol justices are seen as voting along political lines, there is less confidence in their decision and the public at large doesn t accept the decision in the supreme court, as hamilton pointed out doesn t have an army or any money so it s power comes from the public acceptance oftht its decision. a not that we have to agree with them, but we have to agree and accept that there is a rule of law and they are the final word on the constitution. we are talking with james, the author of supremely partisan, how politics tips the scales. new yor his also a former assistant u.s. attorney for the southern district of new york where he served in the criminal division. the supreme court, has it always been partisan, is this something new? it has ....
over in europe, snapping back, all of yesterday s post, up 1.2%. the dax fell. euro-dollar, 112. that is not much ammunition. they need for the g-7. it is a weaker japanese yen. yields up a little bit. that is a market that is stabilized. up a basis point. david: let s check in with our bloomberg team. mike mckee in new york on a possible summer rate hike. we will look at goldman sachs to annual meeting we will look at goldman s annual meeting. we will begin in paris with egyptair bound to cairo bound for cairo from paris. it seems that debris has been found. yesterday, there was a report that it had been found from the greek navy. not from theat was flight. the egyptian army has come out with an official statement says saying debris has been found a few hundred miles north of alexandria, which is the area that is the area with the plane was expected to go down. they found passenger items and bits of the plane. i don t know how long it will be before they can get ....
168 points to the down side. at the lows we were down about 185, 186 points. so we re off the worst levels of the session so far. but an interesting carry through from yesterday s trade when it was all about the fed minutes and the idea. the possibility of a june rate hike from the federal reserve and that really drove markets kind of a little bit more towards the volatile side. today, most is to the down side in terms of moves. you can see they re off by 1% for the s&p 500. utilities and staples have taken up the lead if can you call it. that up about a quarter to a third of a percent. they re showing signs of life here in this particular down day. the financials are interesting to focus on because so many of them, including regional banks, were such big gainers in yesterday s trade. on the idea that interest rates could rise on the longer end and the shorter end and maybe expand the yield curve and give them a profit margin. the net interest margins, you ll hear tra ....