Recognized names in swiss banking. He is now vicechairman of at blackrock, the worlds biggest money manager, which handles more than 5 trillion in assets. So we are 10 years on from the financial crisis. What have we learned . Philipp we have learned that we had too much leverage in the system without any doubt. And that when you have leverage, bad things happen. Not only do they happen, but when they happen, the effects tend to be amplified. So i think that is the key take away from it all. We have also learned that this notion of kind of letting the market be totally free, that governments really should get out of the way, that wasnt a very good idea. I think what stands out is banks needed much, much more capital than they had at the time. We had capital levels that were excessively low. I mean, in some cases, these they were these banks were , leveraged nearly 100 times. And that, to me, has always been the key takeaway. In fact, in some case in some ways i wish we had focused more
From thelso hear former ecb president. Europes Economic Performance under the microscope. Looking at how costly of brexit could be for investors. And the latest on from versus clinton. Lets started off with the rush into Government Bonds winding no reversing today. Where we are with prominent investors and where we might be going. Was here, which brings the question if we are with heading into negative territory in the u. S. . We are seeing record lows, as. Ou say to fea everybody is buying bonds. If everybody is in the same trade, the potential for disaster decides to get bigger and bigger. Bad job report, you buy treasuries. Find a safe place to park your cash until you know what is going to happen. Moving intorybody the bond market, short term paper is becoming more expensive and harder to get. Investors are being pushed out the yield curve. We have the impact on longerterm bonds. The citibank macro risk indicator, how concerned people are about where things are going short but thel
, good morning im lori stokes. Thank you for joining us. Im ken rosato. It is monday october 19th. You are never more than 7 traffic. Meteorologist bill evans with forecast. Good morning ken, have you back. Thats over. Its chilly and its cold outside the city. White plains 28, freezing at teterboro at 32. Up to poughkeepsie and kingston, sussex, newburgh all in the 20s. 30 at belmar, 31 bridgeport and you know what that means, frost on the ground. Weve got a freeze warning until 10 00 this morning. Going to be a cold morning. Dress warmly. Youve got this wind out of the northwest making it chilly as well. Were going to talk about a big warmup in your accuweather sevenday forecast. Heathers looking at your commute. My weekend was great. Lets go over our mass transit chart. No problems here metro north, new haven line ongoing track work. You have the 4 and 6 trains running express only getting into the Brooklyn Bridge until 5 a. M. This is the fdr drive right in the 70s. Looks like traff
Carpets. Oh, what a casket will remain until tuesday. I was on the program. Ukrainian forces advance rapidly in the east. So just raised the flag in my like leah and thousands of other communities out with great in them from russian station. Monica says, its withdrawing its troops on the area which again find signs of the steep retreat. Ah, i am eddie micah junior and you are welcome to the program. The cascades carry in Queen Elizabeth is making its final journey from borrow in scotland to edinburgh. These live images of the motorcade accompanying the coffin on the 6 our journey to villages, towns and cities, where manas, ive turned out to line the route, a casket or lie the palace of Hollywood House in edinburgh until tuesday, before being flown to london for a state funeral on september 19th. This was a scene, asked the coffin left the queen some i rested in morrow earlier this morning. Among those riding in the motorcade is the queens daughter princess on hundreds of residents turn
22,000 concert goers. Then he turned his gunfire to the Security Guard. Shoot at the crowd first, then turns to Security Guard. The information were getting together from the sheriff is that the Security Guard, jesus campos was shot first. Heres what the sheriff said. He was injured prior to the mass volume of shoot lg. What we have learned is that mr. Campos was encountered by the suspect prior to his shooting to the outside world. And this is a significant time shift, because according to what the sheriff says today, anderson, it is a 6minute time shift. The Security Guard was shot first, six minutes later, Security Camera then see the first gunshots fire from the 32nd floor of the hotel room on to the crowd. Not surprised for the Security Guard, Security Guard shot first. It also raises question, the questions says the Security Guard Innovative Hotel security and was able to stop, i think a Maintenance Worker from being on the floor as well. If he alerted Hotel Security id assume Ho