A Senior Vice President with the center, and have the distinct pleasure of working with and overseeing our health care project. We have a very full agenda. Let me get a few logistics out of the way quickly. To this newdjusting way of conducting meetings and events. We hope everything works out as it goes through and think the Production Company for helping us put this on. For those of you who have joined , you willplatform receive a message shortly from bailey,ur staff, morgan in the chat box function with a link to the report. For the viewers, the cspan viewers and others who wish to get a copy of the report, you can go to our website bipartisanpolicy daughter, and a eventsll be on the bpc page under the health section. Later this morning, you will have an opportunity to submit your questions to our Task Force Members vie the q and a function at the bottom of your screen. To the purpose of this event, personally coming from a rural area of indiana with our family farm still operationa
We have three markets. Maybe even more. After a day where the dow advanced 39 points, s p declined. 05 , nasdaq did one point, i want you to forget about the averages for a second or a week or a year or until the end of the pandemic. Thanks to the onslaught of the coronavirus, something that no ones ever seen, were seeing Something Else thats incredible not just the complete untethering of main street from wall street, but the disentangling of even small publicly traded companies and medium size ones from the big dogs that have it easy and can handle this hellatious moment. We all know main street isnt wall street. When we get another hideous jobs loss claims number like we did this morning, now were seeing more separation, that is its stunning. In my 40 years of investing, i have never seen anything like what im about to talk about so im going to walk you through what could amount to a destruction of a fair share of American Business that incredibly might not impact much of the stock
Cable. T to highlight you could argue we are not really going anywhere. Poin the 50 basis point cut to be already priced in. We get more coming out today on the 10 year. Yields down by about 10 basis points. Crude continuing to rollover. Time now for global exchange, where we bring you todays market moving news from all around the world. From london to rome, to hong kong and new york, our bloomberg voices are on the ground with this mornings top stories. The bank of england cutting rates to help keep credit flowing amid Economic Uncertainty over the virus. Bank of england governor spoke earlier in england. Carney the bank will take all necessary further steps to support the u. K. Economy and Financial System consistent with its statutory responsibility. Ago, that was a few hours and then we wait for the budget. Absolutely. A fine display of cooperation from monetary and fiscal actors. Weve heard from the monetary side. We wait for this fiscal side this morning, coming around an hour an
A 3rd green party and do you believe that what sanders calls his vision of democratic socialism can never really work in a Democrat Party has currently configured we need Real Solutions and the 2 major parties are not providing them the clout of crisis the inequality crisis we have declining life expectancies but a working class in this country because inequality each going to be people are having a hard time may have to choose between or in medical bills for example and we have a Nuclear Arms Race you know all these treaties we got all these trees next one is the new start treaty the beginning in the next president ial term so those are issues that need to be addressed the latter issue none of the Major Party Candidates are talking about him none of them are offering Real Solutions i would say Bernie Sanders is serious news Green New Deal which has been the green Party Signature issue for the last decade and he does address the inequality issue unfortunately pretty democrat. Yes and t
Consequential damages to the marketplace yeah you know already communist china is saying they might even be shutting down some of their pop up hospitals what does it say about health care the most Expensive Health care system in the world the United States in terms of tax capita income in working this out in the United States the Coronavirus Response in general as it relates to the markets the big question is how overrule ruly end now damaging will the buyers be and so if its 10 times worse than the flu and thats going to have a consequential damage and major stress on the u. S. Health care system yeah but it was many you just said if you just said in defense of that you have taken defensive positions why is that and whats it like actually at sky Bridge Capital right now as the information filters in and you get new cases every other hour or so every other day i mean this is my 30 and i was in the white house for 11 days prior to that. That and after that and ive been doing this for 31