This is bloomberg surveillance. Francine the clot, tom keene in new york. The currency moves Francine Lacqua in london, tom keene in new york. My number one message is that markets are on the move. You do not see it in equities. Bonds,om equities, currencies, and oil are a jumble not lows but nevertheless markets on the move. Bp,cine when you look at the refining margin is nowhere to be found that they are sticking to the dividend. Lets get to the bloomberg first word news. Bernie sanders supporters ignored his pleas not to protest on the opening day of the Democratic Convention in philadelphia, many angry over revelations that the dnc favored Hillary Clinton. Sanders did not directly call for his supporters to vote for clinton but made it clear where he stands. Mr. Sanders any objective conclude are observer will conclude that Hillary Clinton become the next president of the United States. Taylor senator Elizabeth Warren urged reluctant liberals to vote for clinton and told the conven
My question is if he were president with a sympathetic majorities in the house and senate, what would you do . First of all, take stock there is an assumption in the americans Global Leadership in requires an American Military presence. But to examine parts of the world. Let me break it down specifically. When that commitment was made within 30 days of the cold war western europe was weak and vulnerable. And it made sense it provided a basis for western europe for democracy to take hold in 2016 they dont need as. They are richer than we are. Democracy is well established but they dont bother to maintain any significant military force not to say the chips are coming on next tuesday but by 2026 we are out if you want to maintain and the nato alliance, goahead bin is the european alliance. They make the point there comes a time when the mission is accomplished and the United States can come home. We have tremendous change happening with revelry producing conflict on a large scale whole i
Try to leak his vision led by a a few libertarians as the editors of the economist. Recently they published this article which tom just let me know he authored a couple of weeks ago. The recent and a warrant drugs and Central America have increased Peoples Awareness of the failure of prohibition and the need to tackle the socalled drug rovlin using a different approach. Tom argues that an Economic Perspective can help us to understand how the illicit drug industry and whats wrong with the current policies. He was after all leading freemarket cons from University Chicago using simple ruse of supply and demand who forcefully pointed out the fragility of prohibition. This approach was echoed by none other than the one of latin americas most renowned drug warriors mexican president Felipe Aycock around. Its to acknowledge that there are of its own drug holidays. By the end of his term in 2012 he told the wall street journal if the price of drugs goes up thanks largely to interdiction effor
It was after all leaving for more because the university of chicago such as noble laureates Milton Friedman using simple rules of supply and demand who most forcefully pointed out the fragility of prohibition. This approach was ago by none other than one of latin americas most renowned and into his recent drug warriors, former mexican president Lupe Calderon took he acknowledged the failure of his own drug policies. The end of the term in 2012 he told the wall street journal the following, if the price of drugs goes up thanks largely to interdiction efforts and that demand is the same you will increased profits for your putting more incentives for participants in the market. He went on to say that it is clearly a textbook case for Economic System which is the more successful you are, the more criminals you are creating. This is precisely what the world drugs have been doing for over 40 years. Tom wainwright writes prohibition has driven up the price of a few cheap and cultural commodit
And formidable growth in the earnings reports, they may have to settle for something else. All that and more tonight on nightly Business Report for tuesday, october 14th. Good evening, everyone, stocks on wall street stabilized after a threeday selloff, but in the oil market prices fall, the biggest oneday drop in two years on the same day the International Agency once again lowered the Global Demand for next year. So if you want to understand the impact of a weak Global Economy just look at the prices, Domestic Crude Oil fell over 4 closing over 82 a barrel since 2012. Brent crude oil closed at the lowest level since 2010, tyler . All right, so why is oil lowering so much, there is a concern for investors who own oilrelated shares. Here is the Founding Partner with again capital, you again . Back. Nice to have you here. Very simply stated why are prices falling as much as they are, as fast as they are . It is a onetwo punch, tyler, part of it is the slowing economy in europe where the