Look at what is going on here in the u. S. , we do have a bit of a rally, but stocks still set to finish the week down. The nasdaq up. 5 . Technology relatively strong today. That seems to be a theme, even as we are getting this waiting game in washington. Drifte been seeing this for u. S. Stocks ever since all three major averages closed at records back on march 1. Before we get to health care again, i want to mention other political headlines. The trump travel ban has been upheld but previous rulings blocking it remained. This has to do with a ruling that took place in virginia. We will bring you developments on that as well as we get more details. Get back to health care and ahead of that big boat today, President Trump weeding President Trump tweeting this is finally your chance for a great plan. Lets go to Kevin Cirilli. He is on capitol hill. There are enough folks who dont think it is a great plan. Quite a rocky road here. What is the current picture look like . Kevin we are in
prevails. And when push comes to shove people realize there would be an enormous damage, to both europe and Great Britain, should britain walk away. A warm welcome to countdown. I am an edward. Just past 6 00 in london. Manus will be joining us from dubai. Let us talk about what is happening in oil and stocks, a chart next to me that really encapsulates the relationship between these two asset classes, if you go back to the middle of last year. They have moved very much in synchrony. And of the oil price tending to move in lockstep, or least in the same step. Oil prices over 50 a barrel or the first time in six months. A oneweeks hitting high. But i should say that old has actually snapped its sixday losing streak. Not all good in the overnight trading environment. Lets talk about the risk radar. We have to feature the price of oil because we have gone on the brent price over 60, up high 7 10 of a percent. Theda, venezuela, nigeria disruption playing in here, as well as the drop we saw
Manus welcome back. A great job in lima, francine. Coming up, we will be joined by a Renowned Harvard University professor and author, neil ferguson. Francine we will be talking about his new book. The killer question will be what would Henry Kissinger do if he was focused on china right now. Oil, andof china, speaking of oil, breaking news from the iea. From breaking news switzerland it is important because it i effect ubs and Credit Suisse. This was a left finance ministry has Just Announced it will require the countrys biggest banks to have capital equal to about 5 of total assets, after Credit Suisse and ups sought to win easier terms. This is according to people familiar with the deliberations. The decision would mimic the u. S. Leverage ratio for its biggest banks, which exceeds the 3 minimum set in a global agreement by the barca committee. That is according to the people. The swiss government will also align its calculations of the with the method employed in the united states,
Margo jefferson recalls growing up among the black elite in america, will haygood on Justice Thurgood marshall. Booktv. Org for a complete schedule, and a reminder to follow us on twitter, facebook and instagram for updates all weekend. Booktv, 48 hours of nonfiction books and authors. Television for serious readers. Now, we kick off the weekend with two authors in a mock trial from freedom fest, a libertarian conference. Robert kuttner defends the Federal Reserve, and Robert Murphy prosecutes it. Lisa kennedy montgomery, host of kennedy on fox business, acts as the judge. Hear ye, hear ye, freedom fest court is now in session for this trial about the most important subject of our lives, money. [laughter] and how the governments central bank, the Federal Reserve, influences our lives every day. Judge kennedy is presiding at this hearing. All rise [cheers and applause] lets hear it. Hello, everyone. How are you . Ladies and gentlemen, members of the jury, we are gathered here in this Gr
Lets hear it. [applause] hello everyone how are you ladies and gentlemen we are gathered here in this great sovereign state to talk about the faith of the countrys banks, the Federal Reserve. We hope to discover whether the Federal Reserve kept its promise to provide a healthy economy system, full employment, stable and a lender of last resort or is it responsible for the series of the banking crisis and loss of purchasing power of the inflation in average citizen is this economy more stable or is it less stable because of the existence and did and did the fed exacerbate the crisis of 2008 or keep it from getting worse . Are we better off without the fed and if so what shall we replace it with, shall we go back to the classical standard of gold, and can i have been a plus for the classical Gold Standard . [applause] we hope to find out the answers to this most important issue and representing the defense today professor is the cofounder and coeditor of the american prospect magazine an