Paul Taylor, President and CEO of Fitch Ratings, is part of Cheddar and the Museum of American Finance's CEO series, "Why Wall Street Matters." Taylor discusses the importance of the bond market to global economies, and why they are more appealing for investors over loans. He also weighs in on his forecast for 2018, noting his global outlook is positive overall, adding that it's not until after 2018 that things get tricky. The Global Outlook for 2017 has already beat Fitch Group's forecast. The company originally anticipated growth of 2.9% but is expected to hit around 3.2%.

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Rare Dom Pérignon champagne from Charles and Diana’s wedding fails to sell during Denmark auction
A rare magnum of Dom Pérignon Vintage 1961 champagne that was specially produced for the 1981 wedding of Prince Charles and Lady Diana has failed to sell during an auction. Danish auction house Bruun Rasmussen handled the bidding Thursday. The auction's house website lists the bottle as not sold. It was expected to fetch up to around $93,000. It is one of 12 bottles made to celebrate the royal wedding. Little was revealed about the seller. The auction house says the bids did not receive the desired minimum price.
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