It was weird. It was fitting that that happened. It was good. We were hoping for it. We should tell you about the s p 500 as well. It added more than 5 to close at 1,883. The nasdaq closing at 4,114. We decided that good news was good news now and bad news is no longer. We got a 0. 1 gdp number earlier. Right. Economy starts with i did like this, andrew. It was hurt in the First Quarter, hurt by frigid weather. Yes. Frigid weather. You know what thats an indication of, the warming. Youre reading the wall street journal. Just think about the logic in that statement. Thats not what i want to talk about. What i want to talk about, also a day they decided to continue to cut its not like there was bad news that was going to cause them not to taper. There was nothing but there was a little bit of bad news in there. There was bad news. A lot of times market set new highs on bad news. Then i started thinking about it again, kbe qe is very, very powerful. What was the maximum we got to, 85. 85.
Accelerately or with overtly or with indirect warfare, youre going to break things. And people dont like to be occupy toed by you. And they, you know, imagine if we had afghan troops walking down our streets. We, you know, wed resist. And so it kind of goes with the territory. In eisenhowers a case, they did a lot of they broke a lot of rules. The cia, people always think of the cia plot now long after the cia stopped doing those plots, everybody just assumes it was the cia. So that was a longterm harm x. Some of those plots were stupid and wrong. On the other hand, the western alliance and europe, the seventh fleet in the pacific have kept a kind of International Order to that has kept us from world war not little wars, but kept us from world war created a fairly free global trade zone and permitted the advance of democracy not everywhere by any means, but in many parts of the world. That is a great legacy. We have three minutes. I will take less than that for my question. Good. Can c
Extraction. Its also, fracking can be spelled with a c, its also the term is high volume hydraulic fracturing or hvhf which is really what were going to be talking to this afternoon. Next slide, please. So the thing thats important when were talking about fracking is that theres often a very important disconnect between what industry is saying and what is expected and understood in the popular press and the public. Of so when industry says there arent any accidents attributed to fracking, theyre talking about a very small portion of the shale gas extraction process. When the public and most journalists talk about fracking, theyre talking about the entire shale gas extraction process. So theres, its important to understand this distinction. Sometimes people are saying things that are technically true but are misleading in the context because of the disconnect between the language. Next slide. So this is what the shale gas extraction process looks like. And this is from a u. S. Epa study
Their ballots, within days. As you can see, im not wearing a mask tonight. I tested negative for coronavirus this morning. Still, ill be keeping my distance, as will all the participants in tonights town hall who are here. So lets get going. Please, welcome former Vice President , joe biden. Thanks for being here. I got tested, too. All right. Were good. Im good. Im good. Good to be home. Yeah. Have you ever been to an event like this . Yeah, in delaware. Oh, of course. Yeah. Buddy. All right. Lets start off with lets start with the coronavirus. In the United States, obviously, we are approaching nearly 200 deaths, so far. More than any other country in the world. And our first question, tonight, is from shawnee adams. She is a democrat from philadelphia. Shawnee. Hi, shawnee. Good evening, president biden. How are you and anderson . My sister lost her life due to contracting covid19 on her job. No, she was not a doctor or a nurse. She worked in Environmental Services department of a h
As Vice President going to the d. C. Auto show just for fun. He really likes vehicles. The electric vehicle push at the Auto Industry has been a central focus of the administrations push towards reducing emissions and meeting climate goals as well as trying to boost u. S. Manufacturing. A lot of what he will be talking about is a big jump in the number of battery plants, joint ventures between Auto Companies and battery cell and you factures to build those batteries for electric vehicles. I think the message is going to be the vehicles are more expensive but ultimately they see the vehicles as a solution for high gas prices. People to a to go to the gas pump and they can recharge their vehicles for much less. Of course they are still more expensive and they are still relatively few for sale outside of tesla. What he is going to see is the Detroit Companies making billions of dollars in investments to rollout of lot of a plot of new versions. The ford f150 lightning has been on sale for