Money going into the euro as well. Risk appetite for the eurozone up at 1. 1105. Clearly some money going into the euro. We saw that spiking higher late last night. Moving out of haven german borrowing costs rising which means the bonds are following falling because of their price. We are seeing them at five week lows in terms of borrowing costs and greece seeing almost a one percentage point move. Many have the optimism that a deal will be done. Some Corporate News this morning, we have some companies coming out in terms of statements. Ryanair up one point 6 because finally the king maker has agreed. It seems that ryanair will let go of their 30 stake in aer lingus to aig. Ryanair saying we will take your money, they will make a small profit on it having owned aer lingus for nine years now and they wish iag well. Intercontinental hotels keep an eye on. International hotels in hong kong going for almost 1 billion. They will take away a tidy profit of some 700 million. Driving that stoc
Welcome to power lunch stocks are mostly in the green but off the best levels. Nasdaq hitting new intra day record highs check out shares of walmart soaring more than 4 adding more than 20 points to the dour the dow he they bought back more than 20 million worth of stock and airlines are up 2 to 6 bullish signs fueling this group. We have the details just minutes away and im Michelle Carusocabrera here is what else is happening pfizer is thinking about spinning off its 15 billion Consumer Health care business. Honeywell also shaking up its business focusing more on aerosparroeros. And the imf raising its Global Growth forecast to 3. 6 this year and 3. 7 for next year. President trump right now having lunch with secretary of state Rex Tillerson. That is their first meeting since the reported moron comments eamon javers is live with the latest this one could be interesting. Reporter yeah, thats right. In fact what were told by the white house is this is not the first meeting, it was not
As a Public Service by americas Cable Television companies and is brought to you today by your cable or satellite providers. Now on book tv we are live with bestselling author Michael Lewis. Mister lewis has written many books including liars poker, moneyball, the big short and most recently the undoing project, a friendship that changed our minds. Michael lewis, you are the author of more than a dozen bestselling books, what makes a good story in your mind, what do you look for . There is no formula. The question you just asked me, ive never really asked myself exactly. What lead me to want to write a book, you have to have a level of passion about it. Itsfinding usually, what it is , its finding an interesting person in an interesting situation that will allow me to work in an interesting idea. B. I feel like i just had to do this if i dont do it wont get done and it should be done because the story should be dealt with. In terms of like you asked me to go to lack a class of Journali
Exactly what leads me to want to write a book because their pain in the to do. Its finding if i look back on it is finding an interesting person in a situation that will allow me to explore interesting ideas. What almost always happens is i have lots of little projects stumbling along, magazine pieces of things im investigating. Become so interesting that i think wow, such a good story, have an obligation to tell it. Thats when it becomes a book. In terms of if you asked me to go to a class of students and give them a formula to how to write a good story, i went on how to begin. Host when did you decide you wanted to make be an arthur. My career path is something on the bottom of the tv screen that says to not try this at home. Is an art history major what i first wanted to do was be an art historian. I stumbled out of college and linda by accident on wall street. I got that job very accidentally without a great deal of intention. While i was working on my princeton thesis. It was effe
Of energy. Will he get his weight . Way . Thats what you need to know. Fed decision. Bloombergs Michael Mckee. The lead line today, the fed finally nails Economic Projections except the one that matters, rate hikes. Inflation. What does it mean . Michael it may be the fed last hurrah. Wall street moves from the tempo to the capital and fiscal policy. The fed is going to be moving from what are you going to do in reaction to the economy to what are you going to do in reaction to fiscal policy . Where itmeeting about is. With a chart of inflation and unemployment as a are converging to where they said they would be. It is time to raise rates. That is why you do not see arguments from the market. What do they do is donald trump gets Infrastructure Spending and tax cuts through and the economy heats up . That is an open question. I have one other chart i want to show you. Monetary policy, even if the fed moves, very, very loose. Monetary conditions index is moving slowly, real rates are ne