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Fiscal rules. Many on this committee have suggested establishing longterm debt to gdp targets. Credible fiscal targets could guide fiscal Decision Making and improve the way Congress Budgets and spends. At our hearing last week, there was talk about a revenue estimating committee. We dont even address how much revenue were going to have to work with. Credible fiscal targets could guide fiscal Decision Making and improve the way Congress Budgets and spends. Most important, such targets could encourage congress to focus less on near term spending battles and more on longterm Fiscal Health of our country. Another area ive been concerned with is how we budget for disasters. I note that according to the witness ....
Good day to you. Chinas stocks have slumped from the highest level in three weeks. The benchmark index sank6 following concerns that the government will pare back efforts to prop up the equity market. After a drop in Interest Rates and removal of property restrictions. Economics chief asia correspondent is in hong kong. Mini rout . Ket is this the rerun of a big run . Enda it is early days to tell whether we are going for another. Its certainly a correction. It has come about because we had some good numbers today. We had some data. That is interesting when you consider the big stock markets we had in june. It kind of illustrates perhaps the net effect on wealthy Consumer Confidence with what was much less than people anticipated. We will need to see more durable prices before calling a turn in the housing sector and before calling a turn in the economy. Francine what do ....
Nejra we do have a look at where european equities are trading right now, just under 30 minutes to the equity close. Up, ian get my Bloomberg Ted to show you gm g. M. N. Seeing the euro stoxx 50 in terms of eurozone stocks, 0. 8 to the highs level in a year. Erased the 2016 drop. You can see gains across a lot of the indices here, spain up. 9 , gains and greece, austria, norway in the fx space, what youre seeing is a little bit of a pause in the postfed dollar rally. Thats translating a little bit of a higher start 12433. Weve seen the euro had higher today as well. Yields, if you look at the core tracking 10 year treasury yields lower. Up some sevenr basis points. A bit of a mixed picture in the fixed income space. In commodities, brent crude up 1. 6 , and if we take a look to see how this is translating into the stoxx 600, europes equity benchmark is up for a second day heading for this highest close in almost a year, set for a s ....
Retailer issues weak guidance, announces the cfo will step down. Toll brothers is going the opposite direction. Sold more homes at higher prices driving up numbers for latest quarter. And facebook responding to claims that its trending topics are skewed by political bias. The revamp for that company is coming up. But first up, best buy shares falling in the premarket. The Electronics Chain issuing weaker than expected guidance for the quarter, First Quarter results did beat consensus, but domestic comps were essentially flat. Sales growth and wearables, home theater and appliances offset by some weakness in phones, tablets and gaming, but chair is leaving and at least citi for their part today says that means improvements from here on out could be limited. Yeah, i saw that downgrade. Well timed downgrade because the stock was starting to creep up. When you look at the actua ....
Everyone knows greece will repay 4 of gdp from the surplus. Anna later we look at what is best for business in the u. K. And europe in the first of three Bloomberg Politics special debates. We will discuss key issues facing both ahead of the general election with the Panel Including a formal chancellor and the chairman. Mark policy makers reveal a risk on terrain rates we bring you the details, plus, what you need to now ahead of todays bank of england rate decision. Anna good morning. Manus rk coming up, a 29 billion drug deal. Caroline lets head out to hong kong were stocks are surging. The market will catch up with its counterpart, the shanghai composite. Shery ahn has the story. We saw searches in escapes 6 earlier. In excess of 6 . Shery ahn 6. 4 , the most since 2009. Hunghong kong has been rising for the sixth consecutive day. So why are we seeing this sudden surg ....