14 days to the election. It is a tuesday october. Obviously. Lettingpreme Court Pennsylvania go after that election to count ballots. Weve got lots of politics to talk about, and extort an area markets after the drop yesterday that we saw. How much do you think link yesterdays 700 point down drop to stimulus . Jonathan not me, but i think other people might make that link. I think if you want to make that inconsistency an because treasury yields climbed. If you think all of this stimulus was going to drive yields higher, then stimulus talks pulling apart would mean lower yields, higher yields. I think the temptation is to take every single piece of price action and draw a line back down to d. C. From wall street. Israelcretary mnuchin in for the important siding of the united arab emirates, israel, and United States of america. He will have a call with pelosi. Pelosi is going to be briefed by westin later on bloomberg. Lisa i am trying to understand Mitch Mcconnells role in all of this
About financial repression. This has been widely predicted by a lot of people, deals have to be made. Revenue isnt there, so youve got to go out and buy it. You got to get better. Bigger. Athave not confirmed it here bloomberg, bob but that is a story tom nine tom whats john, lisa and i do is we go to bloomberg experts on this. John farrell, jonathan tice said exactly the same thing. Yeah right, but there are all sorts of reasons why that combination could be the giant bank of the continent of europe. Ritika a lot Jonathan Jonathan a lot to get through including lisa getting excited about tiktok. [laughter] we know lisa does tiktok often with the kids. Youve got a decent excuse. Lisa it is a verb. Do you tiktok or not tiktok . Politics front and center today. Including tiktok and oracle being the likely bidder. We now are talking about brexit. Boris johnson putting his controversial brexit vote to a vote. We will hear about whether or not he will get immunity if you go against the agre
Small businesses are dead and j. P. L. Said chairman says this is fine because its fine this is fun to find a monkey beautiful 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 claimed 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 u. S. 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 t
Said chairman says this is fine because its fine this is food thats 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
I know their guys are this is a kaiser report. Why you bargain. Well here are the bullet points for those of you at home keeping score. Cities are on fire. 40000000 unemployed in america g. D. P. Of the climb by 50 percent in the 2nd quarter. The velocity of money is dead. Small businesses are dead. And j. P. L. Said chairman says this is fine this is fine this is fun thats fine. Thank you both 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 claimed 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