From Rockefeller Center in the heart of new york city, its the tonight show starring jimmy fallon. Tonight join jimmy and his guests, icet, Jack Whitehall, musical guest Charlie Wilson, and featuring the legendary roots crew and now here is your host, Jimmy Fallon Jimmy hi, everybody. Thank you so much and welcome to the tonight show. Im jimmy fallon thanks for watching again. Lets get to some news and jokes. Well, guys, this was big today the ceos of facebook, amazon, apple, and google all testified before a house subcommittee over accusations that theyve stifled competition in their industry thats them testifying right there. Yep. Seeing the four of them together is like seeing the beatles of selling your personal information i am the walrus. I am you i have all your baby photos. I dont like to pass judgment, but these guys made the cast of the Big Bang Theory look like the avengers. It is basically like the super bowl of guys that are big laughs in sports it was not an easy day for
Tonight we will encourage you to ask questions which many of you already have. The portion of the event will be dedicated to questions where people have already asked questions and you can vote on those you are most interested in hearing the authors answer. And last you can see us but we cannot see you so feel free to relax and get comfortable. Without further ado, it is my honor to welcome the professor of economics at the State University and contributing columnist to discuss her book. We are also looking to be joined by the Senior Reporter at the post where he covers congress, the white house Economic Policy and discussing the book the price of peace money, democracy and the life of john maynard keynes. Hello, everybody. Nice to be with you. I want to start by talking with stephanie about her book called the deficit myth. A when i listen to the economic commentary there is a talk about the debt and deficit. There was a visit from the link in the project that was antitrump republican
Printing and all the chaos and that caused the food Price Inflation and other sort of inflation that led to the arab spring today were seeing a continuation of that were seeing a paper spring as people reject even if they know it or not what theyre rejecting is this massive money printing were going to look at some of the headlines talking about what theyre rejecting what they are instinctively rejecting in this global insurrection against banks their occupation in this insurrection against paper printing and i have some of my paper here of course here heres 100 euros here is 100 euros q hey pocky have another hungry audience have sometimes you may be. Right. So why are card prevailing likelihood that the 1950000000 euros does not exist thats the headline from bloomberg they think perhaps well we looked at a bounce you perhaps there might not be any money there. Yes whats up lucky. Crap to very mean a close up my perch where through one find a stripe lucky bankruptcy is the new initial
California, florida, and arizona. There are the simple facts that valuations are lofty after 30 rise off the lows. I would notice the cyclical rotation weve been talking about in recent weeks, the flood into cheaper areas of the market has done a total 180. Does the growth sectors stocks it is the growth sectors stocks. That is the worst threeday losing streak since march 18, before we hit the bottom. Dragging the least was the classic safe havens. Consumer staples, communication, tech, they are still down 2 to 3 but that is relative outperformance on a day like today as we are seeing investors flock back towards the stayathome stocks. Kroger up more than 2 . Netflix getting a lift. Butox is flat on the day, it is those virus safety plays investors seem to be interested in. There are a few stocks investors are interested in. Theyre only 11 stocks in the green in the s p 500 at the moment. David thank you kailey leinz for that grim market report. A lot of people focus on washington when
The arab spring and the last financial crisis back after 20082009 all the money printing and all the chaos and that caused the food Price Inflation and other sort of inflation that led to the arab spring today were seeing a continuation of that were seeing a paper spring as people reject even if they know it or not what theyre rejecting is this massive money printing were going to look at some of the headlines talking about what theyre rejecting what they are instinctively rejecting in this global insurrection against banks their occupation in this insurrection against paper printing and i have some of my paper here of course here theres 100 euros here is 100 euros who hey pocky have another hungry audience have sometimes you may be. Right. So why are card prevailing likelihood that the 1950000000 euros does not exist thats a headline from bloomberg they think perhaps well we looked at our Balance Sheet perhaps there might not be any money there. Thats yes whats up lucky. Crap to very