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The show. Oil finding some support from markets as we still get earnings coming out. Fiat chrysler withdrawing its full year 20 guidance. They plan to restart production as conditions allow. About 100djusted ebit million euros. Nonetheless, continuing to see withdrawn guidance. Really hard to make a decision as a Portfolio Manager when you dont know what the outlook is going to be. It is time now for todays market moving news from our brussels and new york teams. We want to begin in europe, where germanys top judges gave the ecb a threemonth ultimatum to fix qe. The court ruled that some aspects of its Asset Purchase Program arent backed by eu treaties. Going to brussels is maria tadeo. What does it actually mean, and have we seen any response from the eu on this . Maria it is a bombshell, really. The judges are basically saying overall, there is no monetary financ ....
Problems that may only be applicable or of interest 20 of individuals. 20 of households. Not everybody does yoga or, you know, we saw propane tanks that were, you could connect to the internet so you could know by looking at your smartphone how full they were. And thats probably not applicable to everyone because not everyone uses a gas grill. We start to move into these smaller niche markets. Actually, i have the opposite response. I think what because the cost of experimentation is so low in the market 9utn, what you actua see is sort of 1,000 experiments, 999 of them fail utterly, but when consumers find the right one, got the thing right. We talked in our book about the game draw something. And how went from zero to millions of users in a matter of days. For whatever reason they got it right, and what happens now, consumers essentially tell each other. It not, you know, its not broadcast marketing like it used to be. Its social media based. They say, all right. This is the one that ....
Getting this sort of thoughtful discussion it deserved. I think 15 or 20 years ago, erik and i talked about this when i was a graduate student and erik was a professor and we felt that people werent taking the issue seriously. If anything, i would say people should not panic at this point. And i think you know, there are a number of remarks i could make. I think there are season for some skepticism or at least a a little bit about how fast things are actually moving. And i would think there is a lot of aggregate data that dont suppo support the idea that the labor market or the idea is changing as a dramatic story. So the premium to Higher Education has plateaued over the last ten years. And in fact, we see evidence that highly skilled workers are moving have less rapid career directors and moving into less skills and productivity is not growing rapidly and the unemployment growth weve seen have been in relatively low education, ....
Or are there other costs as well . We follow the same rules. This is no deviation from that. It. It includes costs from the missions we are doing. As has been the case for many years. Those bases will presumably stay a while. After next year, right now the number of troops is supposed to go down to nothing. But, we are still going to see overseas Contingency Operations until at least 2020 . What you will see in the budget documents released which i have not had a chance to review myself is a proposal that we Work Together in the executive branch and congress to move some of those costs for what takes place in the command region to the budget if circumstances allow us to do so. The department is not able to absorb those costs within a big topline however. If the war ends, why cant that be done quicker the transition . It can be done quickly as a larger budget negotiatio ....