Which is one of the tragic consequences. Attics okay. Okay. Drug addiction is a tragedy. But it is a bigger tragedy when they die because of the drug war itself. Finally i should wrapi should wrap this up by saying that is futile is this drug warriors as destructive as it is that is not the real reason why we should call for the end to this war. I mean, we see the futility going to put him back in jail make sure he is incarcerated for the rest of his life without parole like they did the silk road guy. You know, for what . What is the. . They put him back in jail or they dont. Nothing is going to change any more than it has over the last four years. But the real reason that we want to end this war on drugs is not just the futility of it but because of the concept of human freedom. Ted mentioned russia and iran. Conservative examples of the war on drugs. Lets look at the leftist examples like cuba and north korea and china and vietnam all of which have drug laws and the drug war because
Stocks are performing right now. Lets begin with u. S. Equities. We have seen a little bit of a selloff today. S p 500 lower by 4 10 of a percent. Olivia we did get a secondquarter gdp report this morning. A little bit weaker than economist forecasted but there was an upgrade to the First Quarter. That is having a little bit of an impact on the treasury market. We will show you the yields on the short end by two or three basis points. People buying the long end of the curve there. The dollar index up about by one half of 1 . Trading at a fourmonth high on signs of the u. S. Economy. I think the recovery is continuing to affirm. Pimm economy did not contract. Lets take a look at some of the top headlines at this hour. The u. S. Economy gaining strength in the second quarter. Gdp rose to 2. 3 . That is slightly less than economist had expected but at the same time the Commerce Department to revise the First Quarter results higher and set of contracting. The economy grew 6 10 of a percent
So, he trusted them too much, it turned out. Sunday night at 8 00 eastern on cspans q a. Next, economic scholars and banking experts discuss Monetary Policy and the impact of past Federal Reserve actions on small and large Financial Institutions. This was held by the American Enterprise institute. Its about an hour and 45 minutes. Good morning and welcome to the American Enterprise institute. This morning we have a very interesting policy session entitled how has a decade of extreme Monetary Policy changed the Banking System . Weve assembled a panel of experts, who well introduce you to in a minute. But before that, let me just set the stage here. As you all know, the financial crisis changed the Banking System. The resolutions that happened in the crisis integrated commercial and Investment Banking like never before. These resolutions created todays too big to fail institutions. The crisis led to greatly expanded fed emergency liquidity support. The fed became the lender of first reso
And if you look at the ones that are either negative, bank of new york, hsbc, they actually slunk. Citi group, they grew it less than the inflation rate. So the regulations have really sort of kept the largest of the institutions from growing where as the regionals kind of grew on pace. The large regionals seem to grow about the same rate as credit in the economy. It kept the biggest shops from growing. Is this a good thing or bad thing . I think it depends who you ask. They would probably think it was a pretty good outcome. Did the constrained economic growth, no matter how hard you try to beat the data i do not think which is correct. I dont think is Data Analysis can cleanly identify which side is right. Now, if we go to the Banking System. Equity is up. The biggest use is deposit funding. What we have here is my living, breathing Banking System. What i do every quarter is i take a his gram of the banks over a billion dollars. I wish we could get that to move again. My technical guy
The company apologizing after hundreds of flights were canceled after leaving thousands of passengers stranded because tens of millions of dollars. Lauren at branch clearing brawl after a fastball hate. Pittsburgh boasts a three goal lead a surprise to take the opening game of the predators. All of those headlights coming out. Cheryl u. S. Futures ahead of their opening bell. I simply done fractionally. S p and the green. Lauren back from Holiday Weekend. Happy tuesday to you. 5 01 a. M. In new york. Your first look at todays america than the latest breaking news. Cheryl lots of breaking news over the weekend. President trump now defending his soninlaw and senior eyes are Jared Kushner saying he is doing a great job for the country. A statement provided to the new york times, the president said a total confidence in him. Kushner under fbi scrutiny after an investigation into possible collusion between the Trump Campaign in russia. Hes accused of cretinous secret Communications Channel