No guarantee there will be a safe environment for america when we reopen this economy. I yield the four. There has been a lot of dialogue in the senate for months now. About what needs to be done to respond toe covid19. We are debating behind the scenes right now a fifth bill dealing with covid19, weirdly past four to the house and senate the president has signed, Many Americans know the effects of thens previous bill with the deposit of treasury with 1200 they received assistance from Paycheck Protection Program and their schools have received their systems of the hospitals have received assistance in their states have received assistance and local jurisdictions have received assistance, there has been wide support for multiple housing and idfor health and testing and for vaccines and even what happened in the previous four bills. We passed the last set of bills, there is a lot of thought about what would happen next, how would the virus spread, how long would this last when americans
59 minutes we are session highs on the dow record highs on the nasdaq composite intraday and set for a record close coming up, the rebound for Airline Stocks has been fast and furious. Is there enough demand to justify the rise well get a firsthand look with robin hayes. Plus, a powerful email from a Goldman Sachs employee about equality in america made the rounds on wall street in the past few days. Well speak with freddererick ba that is coming up on the show. Lets focus in on the big stories were watching to day. Mike san thole and Brian Sullivan watching the Energy Sector which is helping lead the market gains today mike, lets kick things off with you. Yeah, well, this rally continues to impress not just in the magnitude of the gains since the march 23rd low but the persistence of it. Look at a two year chart this is really now a broad move. Up until around this point, you can say it was relatively narrow yes, some of beaten down stocks gained most. Mostst reas of the reason is th
Competitive after the crisis. Adidas at a standstill saying refuse news are severely impacted by the closing. Well have a better view after may when we see the progress in germany. Boj launches an unprecedented expansion of the boq in a move that sends asian equities higher and sets the stage for the fed and ecb meetings later this week uk Prime Minister Boris Johnson returns to work to lay out a plan to lift the lockdown. Spain lets children outside and france looks to approve its exit plan in parliament. Very warm welcome to street signs. You can see were outside downing street awaiting Boris Johnson, whos returning to work after recovering from the coronavirus. Well bring you the Prime Ministers comments as soon as they come in. Meanwhile, lets get a check of european markets. Were off to a roaring start the stoxx 600 rallying in the first hour of the session. Last week we saw a modest retreat and just about 1 lower. This week focus firmly turning towards the reopening of the europe
He has written 3 previous books before homewrecker is, how america lost iraq. And washingtons battle against americans, veterans and the thing is. What he has done is looking at veterans, looking at war, because of his reporting, fewer us military veterans face long lines waiting for disability compensation. He has sparked, his journalism sparked federal legislation, congressional hearings. What he does leads to a response by government and maybe we will see the same hedge fund magnates, shady banks and vulture capitalists suckered millions out of their homes and demolished the American Dream. He is a peabody award winner, Journalism Award winner, twice nominated for National Emmy for his work on pbs news hour. He is really good at what he does. We are very fortunate to have Dorothy Brown from Emory University school of law, nationally recognized scholar and tax policy, race, class. And and she was excited because she was eager to read his book. And lets join me in welcoming. Please we
Long would it take under reasonable circumstances, to sell the underlining asset . Remember that whether the investor is a Retail Investor or an institutional investor, you dont own the most liquid bit of the fund. You own a socalled vertical slice, or a proportion of all the funds assets. When you redeem in a perfect world, the fund is selling that vertical slice or giving you a price that would be consistent with it having to do that. The first thing is to understand the liquidity. The second is to play with two variables one, the price, the price discount that would be applied if the money is paid out n the timeframea to sell the represented a proportion, and the second factor is to adjust the redemption term upfront to reflect the time it would take to sell. And obviously there are combinations of those two that could be determined. So we have set out these this broad approach, as you have seen described in the report, and jointly with the fca we are going to consult and examine th