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Abramowicz. A special edition of bloomberg surveillance. What is the title of this program . Market chaos. We are going to do two things. We wrap around the date of where we are now in terms of assets. Of course, good conversation. Jon ferro, start framing with us. We will start with the price action. Huge moves in the equity markets. The biggest oneday drop that we have seen going back to december of 2008. S p 500 futures continue to roll over in the hour or so after that. In the bond market, you know all about it. Treasury yields settle down, coming down basis points. A monster move in crude. Sunday evening, lower on brent by as much as 31 . Lisa, this is the one i know you have been watching. Debt,opin highyield that is the biggest drop going back to 2009. Lisa when you look at past market routs, they always say that credit leads. A canary in the coal mine. This time, it was not. Some people think it is at the epicenter of what is to, with companies that are heavily indebted getting ....
Professor green absolutely, i agree. And what is interesting about that statement, it was made at the time when speakers had a lot fewer responsibilities and duties than today. If anything, it is even more so it is the most difficult job in washington. Susan unlike the senate majority, this position is named in the constitution, without a lot of detail beyond that. I am wondering, when the framers created the position, they were look into the english model, what are they have in mind . Professor green they were thing about a model of the speakership where it was a position that had parliamentary responsibilities. So the job was to preside over the chamber and make sure the rules were being followed fairly. But they also understood the position could take on other responsibilities. I think it is telling it is only mentioned once in the constitution, and says only, the speaker,ll choose the and leaves the rest up to the house itself to determine what the speakers responsibilities should ....
Notable speakers of the house of representatives. A look into the politics of impeachment, the me too movement and antisemitism. The australian Prime Minister on Climate Change and the australian wildfires. Susan matthew greene, the speaker of the house from 1931 to 1930 three and became fdrs Vice President once said, the speaker of the house job is the hardest job in washington. Do you agree . Professor green absolutely, i agree. It was made at the time when speakers had a lot fewer responsibilities than today. If anything, it is even more so it is the most difficult job in washington. Susan this position is named in the constitution without a lot of detail. I am wondering, when the framers created the position, what are they have in mind . Professor green they were thing about a model of the speakership where it was a ....
And now in the book which most of you now have and will soon read the center owes much to fox michael in 1975 preston taupe it would be a place for the government of Political Science in the history from abroad will inquire to learn and understand and hopefully be inspired. I do believe we have several members at the congressional and the audiences evening and rather than try to name them all a member of the board. [applause] it is also my pleasure to introduce our panel the first analyst is doctor frank backman he is the coeditor of the book and perhaps this is importantly my predecessor in the center. He is a highly scholar and spent two and half decades managing and directing the center. The academic material are invaluable and work to the note exception to that. He currently remains on staff as a center historian. [applause] our next panelist is the second coeditor in his name is doctor sean kelly, doctor kelly is a profess ....
Its treasuries. And doing more in china. We believe we can take care system na echo ecosystem. We need to look at the entire picture. Nejra and heightened tensions. President trump sends another 1000 troops to the middle east. Nancy pelosi calls the move deeply concerning. Nejra welcome to daybreak era. It has just gone 6 00 a. M. In london. Looks like the equity markets are in weight and see mode. Killing time until we hear from jay powell tomorrow. We closed flat on the s p 500 yesterday. The 10 year yield goes down to basis points. We are not seeing any curve flattening or steepening. On a back foot. One at the aussie, that is that has been underperforming. As the r. B. I. Signals another rate cut. Bouncing back after a few days of losses. Two weeks of off gains for global stocks and Credit Suisse says we could see a markup. Let us check in on the markets in asia. Juliette saly has more from hong kong. We are seeing the msci asi ....