We have that manying up. The number of americans seeking unemployment aid popped last week. Add to that expiration of emergency programs, increased lockdowns. One has to wonder will Congress Step up . Or will this be a Blue Christmas for Many Americans . I will ask tennessee congressman mark green. President trump fights for reelection and targeting vote if iification in a number of states. Well get that from the trump campaigns erin perrine any. All that and more on making money. Charles the market seesawing back and forth in a narrow range. This is normal consolidation after of a recent weeks. Lockdowns impacted market only when it hit wall streets backyard did we see noticeable selling. The market understands it will take some time to reach socalled herd immunity which near term the economy could get rocky. The market understands there will be huge Central Bank Accommodation and maybe fiscal health. There are huge winners every day in the stock market. That is what investors are lea
Government, specifically it requires us to provide oversight of the specifically, it requires us to of the ongoing oversight governments efforts to recover covid19. The act requires us to report every 60 days, starting 90 days after an announcement, so our june report was our first report, and we will be issuing additional reports on the other months. Host basically s s this is signed, the gao is monitoring its spending . Guest absolutely. We are providing realtime oversight of the fund and we have experienced during this, going back over a decade, for example, under the troubled Asset Relief Program that provided assistance to the financial sectors after the financial crisis. We were required to provide ongoing oversight and issue a report every 60 days. We have experience and build on that experience to hit the ground running to provide immediate oversight and help ensure accountability and transparency of how the funds are being used. St lets take a look at the numbers. 2. 57 host l
Powell to consult. Recommend people on the call if theyre interested, theres very good book called firefighterring a summary or the crisis and First Responders which gets into n deeply into the individual program. I recommend everybody have a look at over. Ben among other things is a distinguished economic historian, well suited to put this horrible event were experiencing now in context for us. Hell give us a sense today about what will demeanor how deep this recession will be, perhaps how long it will last, how effective the fiscal and Monetary Policy response has been and perhaps what is likely to come, and whether the covid19 recession will leave longlasting scars on the u. S. And the global economy. So ill turn this over right now to ben for his remarks, after which david will pose some questions and then after that some instructions on how the audience members can ask their own questions so many, ben, over to you and thank you for doing this. Thank you, glen. Thank you, everyone
This call if they are interested is a very good book called firefighting summary of the crisis and one called First Responders which is gets in deeply to the individual program. I recommend everyone have a look at it. Over the next couple weeks. Been among other things is a distinguished economic historian, wellsuited to put this horrible event we are experiencing now in context for us. To give us a sense today of what will determine how deep this recession will be, perhaps how long it will last, how effective the fiscal and Monetary Policy response has been and perhaps whats likely to come and whether the covid19 recession will leave longlasting scars on the u. S. And the global economy. I will turn this over to ben for his remarks after which david wessel will pose questions and i think after that there will be instructions on how the audience members can ask their own questions. Then come over to you, thank you for doing this. Thank you glenn, thank you everyone for joining us this
Front line n. H. S. Doctor and dodgy tells us why clapping and charity for Britains National Health Service is just not good enough all the more coming up in todays going underground but 1st last time there was an economic crash major nations bailed out the rich this time around how can we stop the one percent from exploiting coronavirus to enrich themselves at the expense of the rest of us someone who predicted the 28. 00 crash was economist dean baker hes the cofounder of the center for economic and policy research and he joins me now via skype from utah in the usa thanks so much dean for coming on millions with coronavirus hundreds of thousands killed do you see some policymakers actually using cove it to pour money into Financial Services theres been 645000000000 of q. E. Just here for the city of london certainly that is the case and i just try to be a little fair to them in the sense that i think it does make sense for them to try to maintain stability in Financial Markets so tha