Rotc program from the university of texas was 1981. Hes been serving his country long and very well, despite his youthful appearance, hes been at it for quite a while. We look forward to a rich conversation today at the end of which well be able to handle some of your questions if you wish to email us. I will transmit some of those questions to the general. But, first, were going to hear from him with some opening thoughts on the state of the guard and on its health and admiral and much appreciated help in responding to the covid crisis in the United States. That will not be our only topic. This will be an opportunity to think more broadly about the guard and its role in the nations force at this very difficult moment in our history with the return of Great Power Competition and other challenges around the globe. General, thank you again for joining us. Without further adieu, over to you, my friend. Michael, thank you. Thank you to brookings for having me on today to talk about the Nat
And social change and the impact of racism and economic growth. Its monday, june 15th and youre watching Worldwide Exchange right here on cnbc. Well, good morning, good afternoon, or good evening and welcome from anywhere in the world that you might be watching thank you for starting your week with us here on cnbc if your just joining us or waking up you might want to grab another cup of coffee. Dow futures are off their lows but theyre down 630 points right now. A couple of hours ago, dow futures were down 1,000 points all the indexes indicating a loss at the open again, a 2 drop right at the open now well see how that plays out certainly a lot of red on your screen right now lets move on. Dow futures again down 535 lets also check the etf that tracks the major averages because that is subject to different moves in the futures overall. Right now it looks about the same but we got in earlier and it looked like the possibility of limit down in the futures you want to look at those etf a
Really germane this morning. I love how the french call it a move to the confinement confinement. In america, yesterday afternoon, there was a real understanding of confinement at the white house. Dr. Fauci worrying about origin, and also the Vice President of the United States worried as well. That was sobering on mothers day. Francine it certainly was. Lets get straight to first word news in new york city with ritika gupta. Take a coPresident Trump ritika President Trump has a tough job this week, trying to convince americans it is safe to go back to work and socialize. At the same time, he is fighting a coronavirus scare that closed his own office. On friday, Vice President mike pences press secretary was diagnosed with the virus. Neel kashkari says americans should brace for more bad news on unemployment, and he says congress should provide more help. News emmaalled abc saying fiscal efforts will need to be put in place. And the plan for lifting the countrys lockdown. Expected to r
Hitting new all time highs in currencies everywhere in the world that will soon be having a new all time high against the u. S. Dollar because it is Holding Steady its all the great it started out at 1. 00 its now you know hovering between 7. 00 and 9000. 00 per because. You know this is the store of value the safe havens that people are going to run to when money becomes worthless and negative rates become the norm so money is worth less than nothing its worth less than the toilet paper people are hoarding as a matter of fact toilet paper percy is now worth more than a dollar per sheet in some instances people are paying 67080. 00 a roll for toilet paper that is an exponential growth in the price of a sheet of toilet paper paper that is indeed correct and of course i do want to remind you we are in the middle of a bit of a pandemic and which youre supposed to wash your hands all the time and not touch your face so please max do not touch your face otherwise that clip will go viral you
Exponential pandemic which is hitting the mortality rates go exponential as you get older is not fun to turn a year older in the middle of a pandemic but before we get into that exponential growth of the pandemic lets look at the result of the exponential growth in debt over the past few decades chis report of course has been reporting on this non stop for the past 10 years and i want to look at these 2 charge is the 30 year treasury and the price of oil if you turn it upside down. You see the exponential its going exponential down 30 year treasury yield is well below a one percent oil price obviously we collapsed 30 percent on the opening on monday of this week the price of money whether its cash 2 year note 5 year no 10 year note 30 or no is approaching 0 so money has no value whatsoever gold is hitting new all time highs in currencies everywhere in the world that will soon be hitting a new all time high against the u. S. Dollar because it is Holding Steady its all the great it start