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Everyone. Good afternoon if you are watching from asia. This is bloomberg surveillance. These are your markets. We need to watch out for the u. S. 10 year yield and eurodollar. Augustgetting some services pmi rising to 53. 4, little better than expected. ,ut if you have a breakdown also manufacturing is better than expected, but what you need to are member is germany is not doing so great. France is a little bit better remember is germany is not doing so great about frances olympic better. Great, france is doing a little bit better. You can see our interview with Esther George 12 30 london time. Tomorrow, a stellar lineup. We speak to James Bullard all here on bloomberg tv. That may move the markets overall, but now, lets get straight first word news in new york city. The chosen one. That is how President Donald Trump< ....
Treasury secretary. He spoke on the health of the financial industry and the threat of another crisis. This portion of the National Association or business economics conference is 45 minutes. E is 45 minutes. Welcome to our general session for this afternoon. Im the chief economist at ford and im very pleased to be here today to introduce and moderate a discussion with the president of the Federal Reserve bank of minneapolis. He took office as the president chief executive officer on of 2016. St he serves on the federal open the t economy bringing feds committee bringing in washington. However, i want to preface the noting that day by after he accepted our invitation o speak here today, the fed adjusted its blackout period ahead of its Monetary Policy in facts so that we are within the fed blackout period today. ....
Treasury secretary. He spoke on the health of the financial industry and the threat of another crisis. This portion of the National Association or business economics conference is 45 minutes. E is 45 minutes. Welcome to our general session for this afternoon. Im the chief economist at ford and im very pleased to be here today to introduce and moderate a discussion with the president of the Federal Reserve bank of minneapolis. He took office as the president chief executive officer on of 2016. St he serves on the federal open the t economy bringing feds committee bringing in washington. However, i want to preface the noting that day by after he accepted our invitation o speak here today, the fed adjusted its blackout period ahead of its Monetary Policy in facts so that we are within the fed blackout period today. ....
Captioning performed by vitac so one of the pushbacks that we will get, theyll say its a little bit of strong man argument. If you take a two trillion dollars bank and you divide it up into 2000 billion banks and they make the same mistakes, has safety been improved and thats a very fair question. If you really had 20,100,000,000,000 banks, each with their own boards of directors, theyre not all going to make identical decisions. The point is still taken. A lot of little banks does not necessarily safer than one giant banks if they all take identical positions. I go back to the savings and loan crisis, a thousand little banks failed in america. It was costly for the country. Was there any risk of a National Economic collapse or Global Economic collapse . No. So if we can encourage diversity of use and opinions i think were going to be better off and thats why our capital ....