Behind the scenes on social media at the tv on twitter, instagram and facebook. Host this week on the communicators we want to interdict tissue to George Mason University professor duminda wijesekera, professor what do you do at George Mason University . Guest i do research mostly related to Cyber Security and Quantum Transportation systems. I have a large group of students on Radio Communications and connected and some Railroad Security and someone you av meaning unmanned areas so everything related to industrial commission. Host im sorry what is that word you are using a mac. Guest like in buses and trains and so on. Host to teach any classes as well . Guest yes, i do. I teach different types of Cyber Security classes in this fall i will teach a class on connected and automated so we have a pretty good selection of guided students and faculty any Supportive Administration that lift us up they buy day that we are encouraged to do whatever we can to reach out because Cyber Security and
After south korea said it would shut down at least some stopocurrency exchanges to to stamp out speculation. Risk and regulation, cryptocurrencies had better watch out if the South Koreans or any benchmark to take guidance from markets, one last hurrah for the bond market a flat. Asian equities are steaming toward record highs. Is bloomberg Commodity Index at a sixweek high. Sincequities the best 2013. The momentum is there but could Central Banks unseat the momentum in equity markets . That is the mood for the next hour. Could the tax change dont forget the rebalancing in china. The consumer is king and queen in china. Hurrah, or is it . 50 basis in terms of the spread. Yesterday. 2. 41 about the 2 level. What does it mean for the bond market . The bid toou saw cover ratio at the lowest since june. The bloomberg dollar index, the dollar has not had it easy this year. We are hitting a threeweek low on the bloomberg dollar index. The biggest slide since we started collating data in 2004
That is what ive been hearing. Lets look at the risk off tone in europe that is being hit the hardest. We are now at eight straight down days and have not seen that kind of streak since 2014, the dax hit particularly hard. A bit of a safe haven bid as far as bund yields. That does not feel like a risk off move in bunds. The dollaryen down 6 10 of 1 . The bloomberg Commodity Index down 3 10 of 1 . Not just oil and copper, the base metals across the board hurt. David now we turn to emma chandra. Emma Senate Republican leaders may have made tax reform a little more complicated. They decided to add repeal of the obamacare individual mandate to their tax package to help them meet the fiscal target but will change the vote calculations in the senate and house. Twice the senate tried and failed this year. The russians have agreed to restructure more than in venezuelan debt. The Credit Rating firm declared venezuela and its state oil company to be in default after missing payments. In zimbabwe
Bloomberg. This is what im seeing across the board. Theres a little bit of sidewayson moving for these equity movements. They seem to be tracking gains across asia. Traditional assets, the Dollar Strengthening the crude oil will keep an eye on that at just below 48. What could straight to the bloomberg first word news. On for thisame north korea this after kim jongun threatened to do just that. Any military action would require his nations approval. The German Economy extended its growth to the Second Quarter. That is just below the estimates in the Bloomberg Survey. It will come as welcome news for Angela Merkel. Asked hownt trump has china handles intellectual property. Beijings ministry of commerce responded by saying any protection would damage economic relations and hurt the business interest of both countries. And bill dudley says it is reasonable to plan next month. He also said he supports another Interest Rate increase this year if the economy evolves at we continue to monitor
A concern and we have less scope than i would like to see or would expect us to have in the longer run. I think we go play in addressing should they come. I mentioned specifically automatic that is an important way in which fiscal policy serves to send shocks to the economy. It would seem to me without getting into specifics that there are ways in which responses to policy to shifts in the economy could be which would help take some burden off Monetary Policy. New york times. In the runup to the brexit vote earlier this year, policymakers cited it as a reason they were reluctant to raise rates in june. In the runup to the president ial election, ive not heard anyone give that as a reason in november. Could you explain why the fed asen regards brexit as great danger to the economy than the president ial election happening here . Second, explain with the cause of disagreement was and what was policymakers thought . Yellen were focused on even evaluating what is the right policy and i wil