There we came with me kevin and its just one of the afternoon here now im here for 30 minutes them with the latest from our world news h. Q. For you 1st overlook his president ial predecessors its Mount Rushmore donald trump took aim at people wanting to tear down monuments in an address on the eve of Independence Day this years 4th of july celebrations come with the backdrop of weeks of anti racism protests which is seeing demonstrators seek to remove or destroy statues linked to slavery along with symbols of the civil war confederacy which are indelibly linked to that era. Our nation is witnessing a merciless campaign to wipe out our history defame our heroes erased of their years and indoctrinate our children angry mobs are trying to tear down statues of our founders deface our most sacred memorials and unleash a wave of Violent Crime in our cities a few hours before that address there was a standoff between the National Guard and protesters led by native american activists more tha
And iraq now committed to reduce the number of american troops in that country can we really expect that to happen though and if it does is it going to create a power vacuum in that region all right its time to move through news i. Q. Today marks the 21st consecutive day of nationwide protests following the death of george floyd over in minneapolis minnesota but now a Deadly Police shooting involving a black man in atlanta is triggering even more demonstrations all of this as new congressional legislation is being introduced to address Police Tactics across this country fronsac is outside of capitol hill with more on these developments there. Now and also in that building behind me Senate Republicans theyre getting ready to push out a package thats going to be all about policing. And what Police Officers can and cannot do now this is all coming forward from the only africanamerican republican in the Senate Senator tim scott of South Carolina which President Donald Trump has signaled hi
Damage the coronavirus crisis, he says, raises those longterm concerns that he was talking about. The u. S. Response to that point he says has been swift and forceful the fed has acted with unprecedented speed and force. He cites a survey that shows in the month of march, 40 of households making less than 40,000 has lost a job carl lets get to the webcast. Here is the fed chair. Its very hard to imagine we could have anyone better than jay powell thank you for coming back to the Peterson Institute, chairman powell thanks very much, adam. Its great to be back. I have some brief remarks and then ill look forward to our discussion the coronavirus has left a devastating human and economic toll in its wake as it has spread around the globe. This is a Worldwide Public Health crisis and Health Care Workers have been the First Responders showing courage, determination and earning our lasting gratitude. So have the legions of other essential workers who put themselves at risk every day on our b
Tepper and Stanley Druckenmiller both say stocks are overvalued u. S. china tensions flaring again as the fbi warns that chinese hackers are targeting covid19 research firms. We have a big lineup of guests today to help break down this selloff including bill mill miller, david harrah, david ruinstein and Liz Ann Saunders from Charles Schwab. Down 550 points, down 620 moments ago. Weve got full Team Coverage of todays market downturn. Scott wapner, mike santoli, and Steve Liesman with us. That bearish call from apple when asked about Hedge Fund Manager Stanley Druckenmillers assessment that the risk reward in the market is, quote, maybe as bad as ive seen it in my career, heres what he said. Its definitely as of yesterday, now the market is down from yesterday, i would say that, you know, 99 was more overvalued than 2000 but, yeah, i would say its one of the most overvalued markets, maybe second most overvalued i seechb the market is pretty full but theres a lot of liquidity there. Its
Timing, the pace, the safety of this economic reopening. Right i think that at this point, we know that the v is off the table. The struggle here is whether we have a ushaped recovery or whether we dont have a recovery and i keep coming back to there are two things that can happen you get a vaccine, and youll have a vee you dont get a vaccine and youll have an l and i think on days like today when you see the unemployed numbers, you say to yourself, without a vaccine, this is going to be a very, very long slog, just like what chairman powell said yesterday chairman powell is giving you the straight stuff and this number should not be a surprise to people who listened to him yesterday when you think about a vaccine this week, jim, we have heard promising comments from pfizer and j j today, the novartis ceo saying its likely a second half 2021 story. What do we believe i think its second half 2021 if at all. Its a very, very difficult virus. But you know, that may just mean when you look