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In a generation. Welcome. Let me pick up on your quote. The world is more dangerous than it has been in a generation. Tell me what causes you to say that. Of sois the combination many different threats and uncertainties at the same time. We have the proliferation of Nuclear Weapons like we see in north korea. We have terrorism and turmoil close to nato borders, but also in our own streets. We have a more assertive russia. All of this together has created a much more challenging and difficult security environment then we have seen since the end of the cold war. Therefore, nato has to adapt and change to be able to manage and handle it. Charlie i want to talk about all those things. Speaking of the russians, what do you make of the workings they are doing in belarus . Wargames they are doing in belarus . Russia has the right to enforce its borders. We dont criticize russia for conducting exercises. The important thing is it has to ....
Lets have a look at where european equities are straight ours trading right now. European stocks dropping for the first day in five. You can see broadbased losses 1. 4 ,germany down eurozone stocks down more than 1 , spain lower as well. If we look at the epic space we fx dollar weakness space we see dollar weakness as well. After that Health Care Reform bill, the dollar at an 11 months low. The euro gaining against it. 1. 15 against it. Sterling weakness coming through after the u. K. Inflation data unexpectedly softened off 3 10 of 1 . In the fixed income space, yields coming down both in the core and the periphery. We are seeing gold bid along with the yen for todays session. Crude is at 48 a barrel. Digging into equities, it is what happening with different Industry Groups. Tech stocks leading in the losses. A lot of that down to ericsson. Perhaps some of that feedth ....
Ewsprint t tenants names carl icahn to head of his deregulation campaign. And Peter Navarro to head a new trade counsel in the trump white house. That is what you need to know at this hour. Bankthe future of italys with lisato milan martin. Have we got any color on what the plan is from here . The next 40 hours will be critical. Paschi, the indication at the moment there isnt much there. The bank will seek some kind of government intervention. The bank as a Firm Deadline by the end of the year to offload a significant amount of bad debt. What we expected here between now and friday is the government approving a decree that will set up the rough outline of how it will put up to 20 billion euros on the table for monte paschi but potentially for other lenders, too. Jon with the prospect of state aid on the table, how do you implement burden sharing and protect bondholders as well ....
Rate cut to near zero by the end of the year so keep an eye on the Quarterly Report that comes in november. The bank of england votes 90 to cut rates, no dissent on rates but dissent on qe and the Corporate Bond buying program. The bank of england cut rates to. 25 , they intend to buy Corporate Bonds as well. The majority of the mpc expect a rate cut to zero by the end of 90year, and they voted four the rate. Majority of mpc expects a rate cut to near zero by the end of the year. I do say that their Bond Buying Program could increase by 170 billion pounds as well. To sort of put a number on the Corporate Bond buying program, it is 10 billion pounds over the next 10 months. Byathan guilt 10 year down the ....