But i think that the idea now is that we have to hit back hard, we have to hit back strong if were going to finally put this dual crisis of the pandemic and the economic pain that is engendered behind us. With respect to larrys point, one thing is just wrong, which is that our team is dismissive of inflationary risks. Weve constantly argued that the risks of doing too little are far greater than the risk of going big. Providing families and businesses with the relief they need to finally put this virus behind us. Second, i want to quote fed chair Jerome Powell who strongly reiterated this view the other day, i think it was just a week or so ago, that inflationary risks are also asymmetric right now. Im much more afraid of people losing their careers and life that they built because they dont get back to work in time. Im more concerned about what that will do not just to their lives but to the American Economy. Im more concerned about that than which exists with higher inflation. In our
A big upgrade. We will find out what makes it stick out in that big social media space. Plus, petes got a fast pitch on one medical device maker he says could be a home run. We will tell you what it is as he lays out the big case thats medical miracle mystery chart. In a special bonus hour of fast money at 6 00 p. M. Eastern time, we are taking your burning trading questions. Tweet us cbs fast money and you might get them answered here live on the show in the next hour we start with that monster rally on wall street today the s p up more than 1. 5 and the dow jumping over 400 points as you can see there the nasdaq also up nearly 2 leading those markets Higher Energy stocks, financialis and the small caps as well investors appearing hopeful a new deal for stimulus is town the pike markets still down significantly for the month. Does todays action give you a reason to perhaps be more optimistic and for that perhaps, guy, i will turn to you first. Welcome its always wonderful to have you
Lets milk this and go back and forth. We dont even finish each others sent answers it will be awesome this is the first time you are back at the nasdaq in a while. I go away and then im quarantined. I went away in july and finally got back here. I went away again and came back and been quarantined another two weeks. You got to start going away whachlt are you doing . I wish these states would drop off there is 57 states on the list no there are a lot of states on the list not all states i was in a county that was like an island, nobody was there i am glad to be back there is a big krispy kreme thing. Most lights ever i was looking and i was thinking about you. I got to stop thinking about you when im not at work thats not what i want in my life you may draw me back to time square but so will crispy cream. We were talking about this the last couple of weeks i havent been in there in ea while. He said there is no one around nobody on the streets. Is that the case there is people here. A
On the irish border as the u. K. Moves closer to breaking international nor with its brags that. The number of people who have died from corona virus in the u. S. Has now topped 200000 on the day that threshold was passed president moved again to cast blame on china in an address to the Un General Assembly he slammed the country he said unleashed this plague on the world china in response call for unity in the fight against covert 19 is a diplomatic editor jane space like all the other World Leaders speaking at the u. N. President speech was prerecorded his words or his controversial example. We have waged a fierce battle against the invisible enemy the china virus which has claimed countless lives in 188. 00 countries in the United States we launched the most aggressive mobilization since the 2nd world war the Fact Checkers in a country that suffered more than most from cope with 19 unlikely to question those claims as the Chinese Ambassador to the un listened in the General Assembly
Some small plane had lost its way and hit one of the World Trade Center towers. Obviously, within a short time after that, we understood that it was a big plane and it was a deliberate attack. I never made it to new york that day. Dayd to defer my trip one while we dealt with the chaos that was created by the attack. David talk about that chaos for a moment. Obviously we lost power throughout southern manhattan. A lot of markets went down there was concern about the payment system, for example. Harvey the problem was the damage that was done was quite extensive. Was figuring out how extensive the damage was, and what the protocol should be forgetting the markets back to a normal state. We immediately decided to shut down the security market. With thet in tandem then chairman of the new york Stock Exchange, and who became my constant telephone buddy throughout the week we had to deal with the wreckage that was caused by the attack. David how could you get information those first hours .