Fellow, a prestigious position. He has been using items to investigate the origins of the militaryindustrial complex through wartime and immediate postwar, meaning postworld war ii, evolution between Scientific Research, industry and National Defense. Advised congress on defense issues. I was a colleague of his at crs for several years, he did things in connection with things i knew, a whole range of things, defense production act, appropriations, and he does many more things at crs. Degree in Political Science from George Washington university, and as many of you know, he is the author of numerous reports on defense, trade and security. This project is the latest example of the work undertaken by staff fellows showcasing their knowledge and passion of their areas of expertise. Gift left byd by a the late john w kluge. Nearly 100 scholars passed through the center each year. It is our honor to have dan with us the bulk of the last year. Please join me in welcoming dan. [applause] danie
Opportunity to build a better, brighter future. Well bring you the very latest from the campaign trail. Also in the next hour. The us speaker of the house of representatives announces that impeachment proceedings against President Trump will go ahead. The president has engaged an abuse of power in our National Security and jeopardising the integrity of our elections. Frances largest strike in years brings much of the country to a standstill workers are angry about planned Pension Reforms that would see them retiring later orfacing reduced pay outs. And two british pilots land back in the uk after flying around the world in a newly restored spitfire. Its 5 00, our top story. With one week to polling day, the Political Parties are beginning theirfinal push for votes. Boris johnson is promising to pass his brexit deal and to bring in a tax cutting budget within 100 days, if the conservatives win the election. Labour have outlined plans to recruit almost 20,000 extra teachers in england ov
Julie hyman is in is in. Julie we are seeing a little in today, really a pause market of the moments. The dow is doing the best of the threeday averages. Things may heed up over the course of the week as we get more Economic Data and a dozen S P Properties are still scheduled to report their earnings tomorrow. Well be watching those. In todays session we are watching some of the last companies. Quest diagnostics and Lab Corporation of the americas. Late on friday, we got new information posted, final rates for medicare. They were posted late on friday and so they have implications for these companies. The final rates still suggested 8 . Cut to the revenue in 2018. We are seeing a minute drop today. We are watching a big deal in the retail industry, or at least an investment. Alibaba, 2. 9 million is how much it is paying to buy 2. 9 billion is how much is paying. Walmart is down. It operatesbed, about 400 hypermarkets. Are seeing those companies trade accordingly. Also checking on home
The nikkei closed up by a half percentage point stocks were mixed in china hang seng down by 2 if you look at whats happening in europe and the early trading, things are mixed there stocks down in london with the ftse down by 0. 6 . Stocks up across the board in the other countries. The dax in germany up by 0. 9 . A gain of a half percentage point in france. Crude prices, wti around 57. 50. We are up another 55. Yeah, market was up 255 yesterday. Think if the market was down 255. Think of what we would do with 160 point observe a down day or 190 as far as the sentiment in this market right now, if the market were to go down we take it in stride when we hit new records. Yeah, the market is going up. Maybe its powell or tax reform. Thats 300 points this morning, if we went down 300, you would be every newspaper, they would have picture traders going stock shot. Stock shot. Is that what they call those . Stock shot. Stock photos. Not about stocks. No. About something that you got on file
To route their money through countries with low tax rates. And the European Union has those jurisidcations firmly in its sights and is set to approve a blacklist and possibly sanctions too when its finance ministers meet in brussels later. And heres why that matters. As much as 10 of all the worlds wealth is thought to be hidden away in tax havens. That amounts to about 7. 5 trillion, a sum which would be the worlds third biggest economy if it was a country. The eu blacklist could include as many as 20 juridsications if their tax transparency and cooperation isnt sufficient, the eu could impose levies on transactions with those countries and cut off eu funding. Some of the nearly 100 countries examined by eu officials could find themselves on a second list of those willing to comply with eu standards but who arent there yet. Nielsjohannesen is a professor of economics at the university of copenhagen who has been researching tax havens. Good morning. Thanks for being on business briefin