Lets get straight to steve liesman. Jay powell testimony before the House Services committee will note improvement in the economy saying Household Spending has recovered three quarters of the decline and say this is in part response to federal spending and higher Unemployment Benefits which is running down he said housing has rebounded and Business Investment showing signs of improvement but overall employment and Business Activity with well below the prepandemic levels an the out light is uncertain. He makes special mention of the feds main Street Lending program, a 600 billion program with a backstop from the troo z treasury hell be speaking tomorrow before the house financial Services Committee with treasury secretary Steve Mnuchin and this is required testimony about the cares act where they have to quarterly appear before congress and discuss progress with the lending programs. The terminology, highly uncertain, is that different from what the clair has used in the past. This is t
Colleague kevin allen will be here with a full and fresh look at your news stay with us this is our team international. A little way to welcome across the uk where all things are considered im Peter Lavelle is anyone safe in the era of the wrong think conservatives are deployed form daemonic honest and shadow ben those were the easy ones now the mob is turning on its own wrong thing demands conformity and does not bring dissent is freedom of speech now only for the well. Theres guys this and more im joined by my guest David Freiheit in montreal hes a practicing attorney and you tube and in washington we crossed like ricos interest he is an adjunct professor of legislative politics at the George Washington university and a Health Care Law originally host out rules in effect that means you can jump anytime you want but i also appreciate it well that is going to david 1st in montreal very broadly speaking you know weve been seeing a lot of deep plot forming the monetizations so the platfo
Bank of england gave the clearest signal that they might be cutting Interest Rates below their own peer the first time in history. The economy struggling in the u. K. Amongst a surge in infections. And the dreaded word, four years later, brexit. Yes, it is still going. Has moved britain several steps further to a chaotic and bitter separation from the european union. Talking all about europe in the next halfhour. Where do we start when it comes to the u. K. . In particular, probability and negative rates. Joe they are still dealing with man. T there, negative rates, this is one of the more controversial strategies in Central Banks around the world may or may not employ. Around the world, you can see lots of Central Banks are already close to zero, or in europe, close to negative rates. Today we got the news that the blake bank of england was exploring that possibility. People seem to like this. Its not clear what they do but nonetheless, thats the direction it seems to ghosn. Romaine t
Here all three of them in the red today. As you just saw the dow finishing down 130. The s p down 28, the nasdaq down 140. We were concerned it was going to slip further into correction territory. Did not do that but not by a lot, my friends. What was going on there . Big tech, momentum stocks having the most trouble here today as we start to think about the recovery, is it real, whats going on with the concerns that the improvement in the economy may not be what we need . The momentum stocks, apple, amazon, youre seeing them here on your screen, microsoft, google, facebook, all down more than 2 . There are big concerns about valuation. Are the stocks too rich. They led the downturn today. They are extending declines from yesterday. I should mention here tesla snapping a five day winning streak. That is not nothing. What was at the roots of concerns . Concerns about the recovery. Weekly jobless claims coming in. 860,000 workers filing unemployment claims. That is below one million for
Hello and welcome across the uk where all things are considered on Peter Lavelle is anyone safe in the era of the wrong Bank Conservatives r. T. Platform the monetized and shadow ben those were the easy ones now the mob is turning on its own wrong thing demands conformity and does not bring a set is freedom of speech now only for the walk. Theres guys this and more im joined by my guest David Freiheit in montreal hes a practicing attorney and you tube and in washington and we cross like ricos interest he is an adjunct professor of legislative politics at the George Washington university and the Health Care Law originally crossed out rules in effect that means in japanese i want i also appreciate it ok lets go to david 1st in montreal very broadly speaking you know weve been seeing a lot of deep plot forming democratization south platforming all kinds of things going on and we can talk about some of the specifics but is this a cultural revolution or we have a cause a cultural revolution