Trillions and trillions of dollars being printed in the cant tell you in effect but heres lady liberty right there on the ground trinket probably made in china sold in times square and just as quite a fitting image for the rest of the stories we have to cover max oh absolutely the poem resonates with a double entendre with deep meaning or with echoes of the past and people coming to america coming to me are coming to ellis island with dreams to brew through it only to be stomped on and have their life choked out of them but to prove its dead whats happening here in america of course yearning to breathe free is very important that this isnt a part of the problem right now and america is obviously we have the racism and the state power exercise through the police force which is and literally has the knee on the you know your boot on the neck of the populace obviously black americans are at. The bottom of this but you know its layers of this absence of being able to breathe 3 we see this
Buying to manipulate the stock market by promising to buy our stock so the higher price in the forward market so thats going to create a speculative demand for stocks so the speculative demand for stocks by Federal Reserve manipulation and the actual flow of funding money into the stock market from the government has been pushing it back up giving the illusion of prosperity at least for the 10 percent thats right the statue of libertys on the floor of the New York Stock Exchange im a buyer of the wire bubble but i will play a little bit all right Michael Hudson has pointed out the Federal Reserve bank is buying everything i would equate the stock market say with exit scam right so the 10 percent that own stocks of america are exiting america and theyre taking all the valuable assets with them and to fund that purchase the fed is giving them trillions of dollars of free money best the way we see it thats the way its working and that explains the disconnect between valuations on most of
Of wrong is from the statue of liberty at the base statue of liberty was given to america as a gift by france madam liberty it is you know the United States was founded on the principles of the and white men happened in france and in scotland but i thought this image of. Lady liberty of the statue of liberty in this headline that i want to turn to from the daily mail trumps has new york has been lost to thaw and low life scum after looters ransacked 5th avenue and curfew is brought forward from 11 pm to 8 pm until end of week but cuomo into glasgow still refuse to call in the National Guard and as you can see there some looters on the front page and weve talked about the looters at the top from the very beginning the trillions and trillions of dollars being printed in the cant tell you in effect but heres lady liberty right there on the ground trinket probably made in china sold in times square and just as quite a fitting image for the rest of the stories we have to cover max oh absolu
Traders are concerned about the swelling global glut and the lack of storage. The skies are darkening over japan as the coronavirus bomb the dimmest view on the economy for a decade. We have that this hour. Shery breaking news at the moment. We are hearing from treasury secretary mnuchin saying the u. S. Has no current plans to create a Federal Reserve facility to inject funding into nonbank or gauge servicers. This of course as we have seen recent government moves to help the firms get through the risk of borrowers missing their mortgage payments. Again, treasury secretary mnuchin saying he has no plans for lifeline. Lets now bring in our congressional government reporter, emily wilkins, on the line for more on what we heard from President Trump as well as Vice President pence on the latest efforts when it comes to handling the impact of the coronavirus pandemic. Emily, so secretary mnuchin saying that he has no plans for mortgage servicer lifeline. He says the steps are taken by agen
The s p climbing 2 or so, now up 2. 35 . This after the monster rally we had just yesterday. 2. 25 . Technically, pushing the s p out of a bear market, but that is a heated debate. The 10year yield continuing to rise by seven or eight basis points. Today, rising by an additional 10 basis points. You are getting a weakening of the u. S. Dollar. Beware talking about the funding issues, stress levels coming into the bloomberg dollar index. Some of the natural correlations are starting to return just a little bit. There is some hope and optimism here. Copper futures rising 2 . Futures are at the highest may have been since march 17. Are closing, helping to reduce the supply, and some hopes now that the demand outlook is improving as well. Here for a deeper dive into the markets is abigail doolittle. What are you watching . Abigail thank you so much, taylor. Certainly a risk on rally for a second day in a row. You mentioned the s p 500 up about 2. 7 . Energy is climbing higher, even though