Future and later, President Trump says the time for negative Interest Rates is now. So were breaking out our crystal ball to see what the market will look like in a world of negative rates and we start with the market selloff the stocks tumbling after the path forward is highly uncertain and subject to many downside risks. The prolonged recession and weak recovery can discourage business advancement and expansion further limiting the growth of jobs and the pace of technological advancement. The result could be an extended period of low productivity growth and stagnant incomes. And then theres this, Stanley Drunkenmiller telling the Economic Club of new york that the risk reward for equities may be as bad as hes ever seen and scott telling scott wapner that this may be the second most overvalued market hes ever experienced so did the markets just get a big dose of reality, guy first of all, i know youre not in charge of music at cnbcs fast money and im getting ready for the twitter hatr
So history as you all know is about words. Thats why you are here. The stately rhythms of the declaration of independence, the cadences of the constitution, but its also about sounds. Its about the muffled drum at lexington and concord and the sound of the surf at omaha beach, sound of a minister at the march on washington calling on us to live up to the full meeting of our creed. And its also about music, and music is one of the most universal expressions. You can listen to song with which you might disagree, more ingeniously and more profitably and you couldmo ever listen to e speech about something with which you disagree. Absolutely. As sure as the patriots were carrying their swords and the guns, they were carrying their pin and prose and poetry along with them to move this revolution forward and move our countryio forward. Henry David Thoreau once wrote when i hear music i fear no danger. I see, no foe unrelated to the earliest times into the latest. That pretty much sums up i th
Economy and his agencys response to the coronavirus pandemic at a virtual pandemic hosted by the university, and the Federal Reserve was days away from making the first loans to small and mediumsized businesses for the lending program. This is 40 minutes. I have the signal that technology is working. No one would have put that in my domain so to quote somebody i dont take any responsibility for that. Alan reiner, director of Public Affairs at Princeton University. Thank you for joining us on the special princeton reunion event for Federal Reserve chair jerome powell, i might add we are happy to have many members of chairman powells classmates from the princeton class of 1975 on the zoom. On a logistical note if you have a question you are welcome to submit it using the q and a future zoom which you will find on the bottom of your resume window that says q and a. You may upload questions you would like to see answered and take as many of these, a full recording will be posted on the Gri
President trump please sit down. Get things done. Do. Dy gets it done like we i dont know, are we letting the media in . I guess we have limited media because of distancing. Some people think i did that on purpose. But we have been getting along with them reasonably well lately. I want to thank you for coming back, because you came back. This is a Republican Group largely, if not in all cases. They look pretty republican. Im not sure about devin. You are a republican, are you [laughter] arent you ent you are a republican, arent you . [laughter] we just left a republican we just left the ceremony celebrating 75 years, it was beautiful. It was windy and it was beautiful. And we have a great country. Unbelievable country. We had the greatest economy in the history of the world. No country had anywhere near us. And we had the best we have ever had, but we had the best ever in the world. China is a very good competitor, but we were doing much better than china. And that is before covid, bef
Virginia senator quarter and the founder of world central kitchen jose andres talk about the credit virus pandemic, hosted by talk about the credit virus pandemic, hosted by the Economic Club of washington. Mark is a native of connecticut. He wanted George Washington university where he got a 4. 0 average and valedictorian of his class and later went to harvard law school, came down and got back into washington. He got involved in the cellular telephone business, formed club your capital, made money doing that. And ultimately got involved in government and politics and became the chairman of the Democratic Party in virginia and also later became governor of virginia and then elected senator from virginia in 2018, reelected in 2014 and he is up for election again in 2020. Mark, thank you for joining us. Enormousyou got an round of publicity publicity from your tuna melts. I assume the microwave behind you or the kitchen behind you is where you cook that why was there so much attention t