This has been a long but rich and rewarding day. Ofdo have another full day panels and discussions tomorrow, which will make a full twoandahalf day for this conference. This conference has been going on so long that barack obama was still president when we started. [laughter] imagine that. This conference itself is now part of history. For a final discussions today, we have to mini panels. Coverp panel here will all of asia outside of russia and china. We will start with robert of rinceton university. Comments onr some the reagan ministrations stance toward afghanistan. We will continue the conversation with the more broad look at the region as a whole, the greater middle east from india to yemen, how the administration understood or misunderstood it. I may interject with a question or two. We will do a pivot from the middle east to east asia for our final to discussions of the day. Jennifer miller of dartmouth college, no relation. Dr. Miller will discuss the u. S. Japan relationship.
Union. Congressman, as we get started, yesterday Financial Services spending package was due to make its way to the house floor preempted by the democrats sitin on gun legislation. That contained some reform packages that you supported. Whats the next stop for that piece of legislation . I expect that to be up probably on one of the next available legislative days. And it includes provisions that are supported to make some of the washington bureaucracy more accountable to we the people, for example, putting the Consumer Financial Protection Bureau on budget subjected to the power of the purse of congress, to make sure they have a Bipartisan Commission instead of one partisan director. So theres some good provisions in the bill. I expect it to be up in fairly short order in the next few legislative days. As were taping this program on this thursday morning the House Democrats are still on the floor in the house of representatives. What is your view of the action that theyve been taking
Veteran investor mark moby says helicopter money will be that bojs next move, but may not have the desired effect here and follow me on twitter at rishaadtv, and use trendingbusiness. A lackluster session in the u. S. , slightly to the downside. Here is david. We are not seeing a lot of price action. Equity prices, volume, orex, the dollar on the downside. Equity markets mixed, volumes not quite there. Japan, but a pickup in australia. In china, we will be watching reaction there. The banks report later on. Hp reported last night, very disappointing. How theve a look at tech and computer makers are doing. It was disappointing. You look at sales for hp, personal computers came in flat, printing revenue declined 14 . That is on top of 16 last quarter. Sector inook at the taiwan, you are a competitor to hp or eight supplier to hp. Have a look at some of the decliners. Have a look at some of the gainers. Decliners are doing this, 1. 7 there. You get the picture. That is the story so far. W
And also at one market in san francisco, mike isaac. Good morning to all of you. We start of course with that apple story. U. S treasury secretary jack lew with some stuff tough talk about the 14. 5 billion dollar ruling that came yesterday. The decision creates an environment of uncertainty. Our concern with European Commission action is that it is using a state aid theory to make tax law and it is doing it in a way thats retroactive and overrides National Tax Law authority in our view and we think that it undermines the environment in europe. For International Business because it creates uncertainty. It undermines the cooperation between paul ryan the House Speaker called it awful. Are you surprised to see such tough talk about a situation determined by europe . It has far reaching implications. And european leaders on the fact that its creating an environment that is not favorable for u. S. Business and perhaps even its over the top negative. For u. S. Businesses operating in europe
Program. Youre watching the pulse live in london. Im anna edwards. China stepping up supporti for its economy bys ramping up spending and considering new measures to boost bank lending but it comes as voices raise concerns about the sustainability of the countrys credit. The minneapolis fed president has called for greater regulation. He floated the idea of breaking banks up to protect the economy. Significant progress has been made to strengthen the financial system, i believe the act did not go far enough. I believe the biggest banks are too big to fail and continue to pose an ongoing risk to our economy. President Barack Obama Says donald trump will not be elected president. The Republican Primary Campaign has alarmed foreign audiences who expect the u. S. To lead the world. President obama i continue to believe mr. Trump will not be president. The reason is because i have a lot of faith in the american people. I think they recognize that being president is a serious job. Hosting ai