Down 24 from the peak, and apple as well. This is been a rolling story there is noday and other topic on wall street. Futures down 1. 7 and deteriorating. We will be looking at that all morning. Francine lets get to first word news with leighann gerrans. Bloomberg has learned President Trump has discussed putting up 100 million of his own fortune for his reelection campaign. It would be unprecedented for an incumbent president putting up his own money to win a second term. Joe buddens campaign and other democratic entities have been raising more money than the Trump Campaign in recent months. Joe bidens campaign and other democratic entities have been raising more money than the Trump Campaign in bismuth. Theriticized joe biden for decision that the fda, which would approve fx income is operating free of political pressure. Biden is demanding transparency from the government while it studies the vaccines. President trump is vowing to sharply scale back u. S. Economic ties with china, t
[ gavel ] and i guess the the subcommittee will come to order. Without objection the chairs authorized to declare recess of the subcommittee at any time without objection. Members of the full committee not on the subcommittee authorized to participate in todays hearing. So long as they participate virtually and will be recognized after members of the subcommittee are recognized. Members who are participating via webex platform reminded to keep video function on at all times even if not recognized by the chair. Members participated by webex platform also reminded they are responsible for muting and unmuting themselves. And they should mute themselves both before and after the time that they are allotted. But in addition to that, consistent with regulations, the company and accompanies each res 965, staff will also be muting members when they are not recognized. Members are reminded that all house rules relating to order in decorum apply to this hybrid hearing. In addition, the chair inf
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