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
Return to public life, as global past 251,000. In hong kong, they say they will relax restrictions soon. Bnp paribas is fullyear earnings take a pounding from the coronavirus pandemic. We will bring you our interview with the banks chief financial officer. Recovery mode. Goldman sachs and Morgan Stanley see signs of the World Economy is bottoming out. Could growth bounceback in the second half of the . We are just not half of the year . Where just under an hour away from cash trading in europe and the u. K. Lets take a look at where futures are after the pounding we took yesterday. Than 4 fell more yesterday before u. S. Stocks rose. We have european futures falling, asian stocks higher. Ftse futures up 1. 3 and dax futures up a little bit more than that. Take a look at u. S. Futures. We see gains there as well. S p 500 many contracts currently percent quarters of a and Dow Jones Futures up 0. 9 . These are todays top stories from the bloomberg terminal. An internal u. S. Government pr
Europes closed. Apple didnt give a forecast and this white house commentary. I would start with the white house commentary the apple stock, even after you knew that there was no guidance, was up rather dramatically when we got word that the United States was going to retaliate against china, that was it it gave up the ghost and accelerated the decline in amazon we did have the greatest month since 1987 so that january month was augmented by tremendous japanese buying in 87. It was artificial. This was a solid rally off the bottom its time to consolidate theres no we have to get used to consolidation meaning a 400point dow instead of a 100point dow. We went down 34 in 25 sessions, up 35 in 27 sessions what does consolidation mean now . It has to do with the idea that we give up some of this last gain. The last gain was a short squeeze in airlines, in travel, leisure. We started believing in marriott up 10. Then yesterday we had a really strange day where the most important thing that ha
Continues on a global scale. A worldwide their market, the 11 year bull run here is over. The dow is heading to the 22,000 level. A month ago it was 29,000. It is the fastest selloff in history. The s p will hit bear market territory at the open today, down 20 from the february high, the same story with the nasdaq. More money is still moving into safe treasury securities pushing the yield down to 0. 69 as of right now. The latest news on the virus brings its impact home to all of us. Sport dramatically affected. The nba has suspended the season indefinitely. A few days ago they banned reporters from locker rooms. Now the whole sport is shutdown. The Seattle Mariners will not be playing any home games. The early baseball season is in question. There will be an announcement later on the nhl. Social distancing is apparent across the country. You can see it and businesses are feeling it. Theres a long list of conference and meeting cancellations that is barely hurting airlines, hotels and
He spoke picnic protest in france over deploying Living Standards descends into violent with demonstrators damaging property and the right to point. Those are your headlines this hour you can always read more on these comments at alton dot com dont go anywhere yet though because up now its going underground and if youre in the u. K. I dont stick around for sputnik. Welcome from london to going underground in the week when Boris Johnsons British Government was ruled to have acted unlawfully in shutting down democracy in westminster coming up on the show those britain draws you leave your view and union is the trading block turning into germany well ask the university of london. Where the e. U. Is. Being forced to print tens of billions of euros from. Your would be. Are being killed as i speak to you tonight killed as a direct result of policy decisions we as a body have made we ask them to help the real war crimes in the pentagon papers. If donald trump firing john bolton will really ma