Mr. Larry kudlow, and his coauthor, brian domitrovic, the associate professor and chair of the department of history of the sam houston state university. And the two of them worked on the book together, and they will be talking about it together. And were so thrilled and so honored to have you both here. Thank you for coming. And i should mention also, larry lives across the street and he is a regular customer here at the corner bookstore and has been for years. That makes it so much so special, and so personal. So, please join me in welcoming larry and brian. Thank you. [applause] larry kudlow thank you very much. Appreciate it. Are we on both mics . We welcome cspan, by the way. Thank you for covering this, appreciate it very much. So, yeah, its true im larry kudlow and im a local. When penguin and random house started organizing this thing which one . That works . This one doesnt sound great but well do what we can. Penguin and random house said, a while back when we got this thing
He has been a member of the faculty of Southern California noted by Time Magazine is one of the greatest minds. Appearedms work has in many different works. Jonathan is a member of the Advisory Board for the state financial board. Joining us to kick off remarks and share more information about the top trends in the 13th edition is jonathan williams, then arthur laffer, and steve moore. You can ask questions by dropping them into the box at the bottom of your screen. Jonathan, why dont you take it away . Good afternoon, everyone. It is such a pleasure to work with my good friends on this project. Going into our 13th edition that will be released tomorrow. This is been top of mind on how do we exit this covert environment in a way that makes us more prosperous. Have goodarch will comments on that. Art will have good comments on that. Lets get to the top 10 and bottom 10. At the rankings based on 15 factors. Regulation, policy, things that dr. Laffer has looked it over the decades. Also,
Significance, that infection rates fall after lockdown orders are lifted. Repeat, thats jpmorgan saying that. Big deal. All right. Now listen to this. Scuffles between probeijing and prodemocracy hong kong legislators. Why are hethey doing that . Thats the wrong tape. Show me the legislators scuffling, please. China just moved to take control. Those freedoms promised to hong kong when the british left are being wiped out. U. S. china relations turning very sour. Initially, that didnt go down well on the market. Futures turned south but then substantially recovered. Right now, were up about 20 points for the dow, modest gain for the s p, tiny, actually, fractional loss for the subpo p. This is a very important day. You will see the president at the white house saluting veterans. You will hear from officials and businesses across the nation about the great opening up. And we will tell you what you are allowed to do this weekend, and where you are allowed to do it. Varney company is about
President. That was then. A lot of people think it is fundamentally different this time. All of this is really catalyst, via a virus. But again, one of the interesting things im also following is that we still have negative Interest Rates at the very, very front of the socalled yield curve. One month and threemonth bills are still in negative territory right now with the one month bill at negative. 117 , the three month bill at negative 0. 348 . I hate to add that. That is actually good news. People dont look at a prospect of negative rates as good news but what it means technically, when you give the bank your money, you have to pay them for a privilege. A lot of people look at that, say, what the i will take my chances in the stock market. At least with conservative investments and dividend yields north of 3 i could do better almost doing nothing. That is the view. It benefits stocks. The fact we think were over the worst of the potential Economic Impact of this. That might be premat
Major funding for the pbs newshour has been provided by ra bnsway. Consumer cellular. And by the alfred p. Sloan foundation. Supporting science, technology, and improved Economic Performance and financial litecy in the 21st century. Carnegie corporation of new york. Supporting innovations inn, educatemocratic engagement, and the advancement of International Peace and security. At carnegie. Org. And with the ofgoing support hese institutions and individuals. This program was made possible by the corporation for and by contributions to your pbs station from viewers like you. Thank you. Nawaz wall street extended its yearend rally for another day. L three of the major indexes notched new record closing highs today,hanks to a boost from retail and technology companies. The Dow Jones Industrial average gained 106 points to close at 28,621. The nasdaq rose 69 points, to cross the 9,000point rk for the first time, and the s p 500 added 16. Businesses in parts of hong kong were brought to a st