So the chairman says this is fine is it fine this is fun just fine. Thank you again. Well this is fine you know the only solution they seem to have over and over is more money printing and the fed is at that again nonstop since 2008 really as paul says fed policies will absolutely not lead to more income inequality this is what he claims last week while cities across america were on fire and notice that he said income inequality you know money printing does it causes asset prices to increase and tech Capital Gains to increase he didnt mention that he didnt mention the wealth gap so i did want to turn to a chart from pew and it shows the share of us aggregate wealth since 1983 to 2016 this is what the fed has been doing this is the upper income went from having 60 percent of all wealth in america back in 1903 to 179 percent and its probably much higher even now middle income has been the huge collapse as you see down from 32 percent to 17 percent so theyre nearly cut in half well this i
Time for todays market moving news from our washington and new york bureaus. President trump is pushing to reopen the economy, even if it leads to more deaths. Speaking in arizona in his first trip outside washington more than a month, the president is preparing for phase two of the u. S. Response to the coronavirus. Pres. Trump the people arent going to accept it. They wont accept it, and we shouldnt accept it. We have a great country. We cant keep it closed. Ive had doctors say, why dont we close it for a couple of years . This is the United States of america. Will some people be affected badly . Yes, but we have to get our country open, and we have to get it open soon. Alix Kevin Cirilli joins us with more. Good morning, kevin. Kevin good morning. The president returns from that trip to arizona, really signaling that he is going to be taking his message of reopening the economy back on the campaign trail in arizona, where polls have him trailing joe biden anywhere from 4 to 6 . Clea
Threats to National Security. And no refunds. Hotels and airlines might be refunding trips, but many airbnb customers may be out of luck. We have the details. We begin with the volatile state of the markets and the Global Economy as the coronavirus outbreak widens. Italy went into a nationwide lockdown, u. S. Fires the dow cases spike, and the market plunged. The Dow Jones Industrial complex entered a bear market wednesday, the s p tumbling into bear market territory thursday after President Trump took to the airwaves, announcing a ban on travel from europe. Pres. Trump to keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days. The new rules will go into effect friday at midnight. Emily in tech, the forecast on how much Companies Like apple, amazon, google, and facebook would lose in a downturn, and uber and lyft shares plummetted on the reality that customers are sheltering in place. Wednesday, i asked Wedbush Se
Weekend cutting its key Interest Rate by a full percentage point to near 0 and boosting its Bond Holdings by 700000000000. 00 markets are still getting slammed triggering a 15 minute hold again right off the open. Target range for our own Interest Rate by one percentage point bringing it closer or further we expect to maintain the rate at this one and who were confident that the economy has weathered recent events and is going to try to achieve our maximum employment and productivity go. Equities saying deeper into bear territory as the dow is now about 30 percent off its all time highs investors are digesting nonstop news full of companies shutting down operations countries sealing borders and infections spreading in normal circumstances a large policy response such as this weekend would put a floor under risk assets and support recovery however the fear is exponential and markets are questioning what else Monetary Policy can do in mitigating coronavirus induced risks investors are li
The market down continues as an early fed rate fed doesnt work as planned this is boom bust the one business show you cant afford to mess im christiane and im burnt to born washington coming up the Federal Reserve has taken measures to combat the malays of the cope 19 impact we take a deep dive on the move and the way other Central Banks around the world are reacting plus. We have taken other decisions as well as going up the most important is that we have clues to argentinas borders during the next 15 days a period that can be extended to argentina the borders are closed and amid the outbreak what measures are some nations around the globe taking to slow the spread of which i mean we take a look around the world to see which nations. Traveled to states yesterday. And later several industries have been a casualty of the recent economic slowdown you havent planned as hard as oil we have a live report on how falling demand and a price war has. Been a jam packed show today so lets jump ri