Top of the Morning: 250 years of US innovation: Capital Markets

The Buttonwood tree, under which New York stockbrokers gathered in 1792, symbolizes the origin of a market that would expand far beyond its modest beginnings and eventually become part of a global financial system centered on the US dollar and shaped at Bretton Woods. Paul Hsiao, Senior Asset Allocation Strategist Americas form UBS Chief Investment Office, explains the evolution and global impact of the US capital markets. Host: Daniel Cassidy