To step up. Every governor in america i pushing and fighting and clawing to get more tests. Breaking overnight to the rescue the lawmakers on another emergency bailout. How soon could hundreds of millions more be coming to keep Small Businesses afloat. Fresh concerns new questions about the safety of our nations food supply as Coronavirus Forces more factories to close this morning the major changes you could see on your next trip to the Grocery Store. All that plus airing jordan. That much anticipated documentary on nba legend its 8 30 april 20th, 2020 Michael Jordan years in the making finally premiers we start another week in our current new normal just ahead i think something overnight. That may put a smile on our faces, brad paisley. Hes with us live. The reaction and our exclusive hes helping out his Community Look at whats to come. Hes got a brandnew song called that was my chance to get in the category of larry bird. Today monday, april 20th, 2020 announcer from nbc news,c ns t
Thanks for waving up with us. Lets get to rosemary arose cowith a with a check on how things are going i went for a run and it was a boughtful day. I agree. We had blue skies and temperatures were on the mild side. But it was nice to see a little sunshine out there. Today, it will be mostly cloudy once again. Weve a weak system that will approach as we move through the evening and into tomorrow. So for today, it will call for a mix of partly sunny, partly cloudy conditions. Temperatures will be very similar to yesterday getting into the bay area monday. Theres slim chance we see a few scattered showers of the system moving through and beyond that, we will warm it in the days ahead. Better details on bay area sunday and that ebb tend forecast coming up in a little bit. All right. Look forward to that. Nearly 31,000 cases of the coronavirus here in california. The past 24 hours, california recorded 87 new deaths bringing the total number of deaths to 1,148. The state is also reporting a
Been Holding Interest rates at abnormally low rates right this is nuts it only encourages it increases this behavior absolutely this is kind of what drove everybody to borrow more because debt is cheap why not take on more debt and thats actual thats must been happening corporates have now been issuing junk bonds at record levels record levels and they are deeply Indebted Companies that d are actually using debt to pay off equities so theyre kind of just like borrowing money just to prop of your own share values and thats been working because youve seen the Massive Equity rise and as you pointed out well all time highs right now we only have like 15 seconds when i ask you about this real quick Federal Reserve just injected another 104 1000000000. 00 into markets overnight again on thursday and ran over night into friday the Federal Reserve is just a huge part of this right continuing to dump cheap money at lowest Interest Rates and its not good for the economy unless were not only that
Private debt its even more concerning even though Government Debt thats the most attention private nonfinancial day in the u. S. Is at 27 trillion versus public debt is at 19 trillion and the reason why private debt is so much more dangerous is because its more problematic is because public debt has more impact on the economic and the economic landscape shirt right now if you look at the past the roaring twentys the japanese boom of the eightys and most recently the u. S. In the early 2000 what did all 3 of those have in common its a huge levels of private debt low relatively low public debt but huge huge unsustainable levels of private debt that kind of just funded the incredible binge and rise you know theres also been a study in the not just of this borrowing taking place right because its really borrowing money that doesnt exist but as part of the Central Banks have been Holding Interest rates at abnormally low rates right this is nuts it only encourages it increases this behavior
Been Holding Interest rates at abnormally low rates right this is nuts it only encourages it increases this behavior absolutely this is kind of what drove everybody to borrow more because debt is cheap why not take on more debt and thats actually thats whats been happening corporates have now been issuing junk bonds at record levels record levels and they are deeply Indebted Companies that d are actually using debt to pay off equities so theyre kind of just like borrowing money just to prop of your own share values and thats been working because youve seen the Massive Equity rise and as you pointed out well all time highs right now we only have like 15 seconds when i ask you about this real quick Federal Reserve just injected another 104000000000 dollars into markets overnight again on thursday and ran over night into friday the Federal Reserve is just a huge part of this right continuing to dump cheap money at lowest Interest Rates and its not good for the economy unless were not only