Excellence i think thats the most important thing and theres a thats the essence of what we mean by Free Enterprise its supposed to be equal rules for everyone and that is not the situation today people making the point that facebook for instance have had more influence than than most governments but is there anything wrong with that why should governments have a monopoly on power. Thats such a fascinating question as governments become centralized in any fashion there is opportunities for collusion with with businesses that are succeeding at a certain level thats when we start having this stratified rule set the rule of law starts to break down in any country and once company can overtake and work with the politician is supposed to be protecting the public then you can get some you know problematic behavior thats unaccountable and then the rule of law breaks down again that wraps it up appreciate the company throughout the morning and early afternoon to stick with ulti if you can plen
The chair of the House Foreign Affairs subcommittee on asia, the pacific, and nonproliferation provided an update on Global Cooperation during the coronavirus pandemic. California congressman ami bera talked about the council how countries can Work Together to address the pandemic. Minutes,e next 25 congressman bra and i will discuss the post covid world order, and then we are going to open up the conversations to questions from our members. Thank you for joining us today, congressman. Thank you for that introduction. Certainly i want to thank the council for this opportunity. When you look at the list of participants, there are a lot of people that we use for contact expertise. Im sure we will have a lively discussion. Lets get started. Since the outbreak of the covid debatec, a fascinating has emerged about the potential impact of the coronavirus on the global order. Some experts maintain the virus will have a transformative effect. Kissingere, dr. Henry has written the world will ne
Going to happen here and what are the contagion effect of these persistently high unemployment numbers on the economy. Could have been brought back to listen lets face it the numbers are great but the economy is slowly reopening and what youre really have is a political battle youve got the democrat the love trying to keep the economy shut so its hard to get people employed when 0. 25 are really still kind of shut down its not logical it makes no sense its a bunch of political crap that unless they resolve it is going to be like this in the elections over they do not want the kind of open they do not want to give president drop any type of victory so the jobs get to really at this point meaning us watch the markets we know that the economy and markets relate but theres plenty of money being invested and markets are making new highs and again we now understand that its the politics that are holding these jobs back not the economy christine i want to get you to weigh in on the. Quickly b
Outweigh things Going Forward. They not think the fed will step up. And is off the table for now. I do not think bonds are attractive. More. greg has what is the bid is biggest crack you see emerging . Greg probably a another turned on in the economy, covid19 is damaging the fundamentals of corporate america. I think it is a negative story you are telling in the abutting, but supply is getting absorbed in the marketplace. There is a Strong Demand for retail, from overseas investors, and the cost in the hedge has come down. Supplies are actually being absorbed. Taylor this week we set a record investmentgrade issuance for the year and it is only midaugust. It is the market digesting this healthy amount of supply within the corporate investmentgrade bond market . Greg 1. 4 trillion dollars is the number you are talking about, the most that has been issued, and we are only in the third week of august. We think the supply will come down toward 80 billion a month, but that is still quite a
Colleges are told to offload holdings of mainland companies. Australia signs a deal to make any covid19 vaccine for all. The government will distribute should it prove successful. More vaccine optimism playing out in australia. Lets look at how we are shaping up in terms of the u. S. Future session. Another renewed push of momentum in u. S. Markets overnight, hitting the record, propelled again by the same names. Also betterthanexpected u. S. Housing data. 2016 helping out sentiment, as well. We have positivity when it comes to the active futures trading at the moment. The nikkei 225 trading in chicago, looking flat at the moment ahead of a trade balance numbers, as well as machinery orders. We do have the topix, best performer in terms of Global Markets so far in this month of august. We are looking at broad weakness when it comes to the u. S. Dollar. The dollar sinking to his lowest levels since may of 2018. Im worried about the u. S. Economy with yet no relief package, stimulus pack