Goes on stacy max we are going to talk to the audience out there about the ghouls of financialization now everybody in the u. S. Media and especially from the resistance sort of left were mocking trump for saying the crazy thing you know maybe we can inject disinfectants into americans in order to help them recover from coronavirus a covert 19 so while they were laughing at them the very same day they were laughing at trump for saying that they announced this why didnt any will wait until the official nomination to bring in the ghouls yes thats Larry Summers advising Biden Campaign on economic recovery just a reminder that summers in 1901 mob running the World Bank Issued a memo saying that we should dump our toxic waste from the west developed nations onto the least developed nations to those who cant fight back because they dont have the you know the wealth or the sophistication to appreciates how toxic waste can ruin their environment they dont understand beauty like somebody like L
Pension fund even members and then he also got rid of glass steagall by helping to pass the Graham Leach Bliley act which removed the separation between investment and commercial banks so this is that guy that biden is now bringing in to help with the economic recovery like any guru would want to help with any recovery they feast of corpses this was an attempt to keep a wall between the most reckless of speculators on wall street and the banks that hold peoples money was these laws that were in place for a long long time and then he was able to get rid of those laws and get rid of those barriers which opened the floodgates of the predatory and reckless speculators into the Banking System they made many many. Off the charts risky bets that last which then resulted in huge belly. And the destruction of the economy the glass steagall had been in place after the crash of 29 put another barrier between the worst elements and finance the most reckless speculators and your money your savings
Since february 5 and 6 thats right, it has been about a month and a half since february 5 and 6 for the dow and february 13 for the s p 500. Right now, it looks like the yield is at 0. 858 andrew we have a huge lineup of guests today out of washington James Bullard talking about headlines. Tom barrack and former federal chairman ben bernanke. Living through the crisis of 2008 and studying the Great Depression all of that coming up over the next three hours to the news that broke overnight. The white house and the senate announcing a deal. Well get to leaSteve Liesman f more on that and eamon with more. It was in the 1 00 a. M. Hour that it broke overnight. What we have here, joe, is a handshake deal we dont have a vote and we dont have the explicit text what we have is a deal here is how Mitch Mcconnell announced the deal at 1 00 a. M help is on the way. The American People are already rising to this great challenge the senate is about to follow suit well pass this legislation later to
Tonight we welcome our two great the coauthors of wartime escapes and rescues. I have to say they had me in grade school. I was a fourthgrader when hollywood released the great escape starring James Mcqueen Steve Mcqueen and james garner and charles bronson, among others. All of the guys in my class fell in love with it. We would play at out at recess. Each one of us would take one of the roles. Of course all of us wanted to be mcqueen. He was the cooler one. I always was the one who got executed at the end of the movie. Of course the Queen Mcqueen survives. The movie was based on a true story. The film gave us a real life ending to this story. Only three of those men who escaped stayed escaped. And anothern pilots pilot from the netherlands, no americans. Escape was not often tried and when it was it did not succeed. When it did, it really was an inspiration. It was often hollywood stuff. This is the third time david has spoken here at the library. The last was a little less than a ye
I am Francine Lacqua in london. Lets check in on your markets. This is what we see in european stocks, down 0. 3 , a bid for treasury, a bid for gold. We are also getting some data out of the euro area, that manufacturing figure for february is slightly higher than expected, 49. 1 instead of the 47. 4 forecast, so we are seeing a bit of an uptick. 1. 0818, but we will try to figure out what that means for the European Central bank. Speaking withare philip from the European Central bank, about his outlook. Lets get to the bloomberg first word news in new york city, here is viviana hurtado. Hi, viviana. Viviana francine, we begin with more data out of europe. Germanys economy is facing more pressure. Many factors are bring about the impact of the coronavirus outbreak. Is latest pmi is showing it still in contraction as expectations for out that are dropping. And france, the Service Sector is driving Economic Growth to an unexpected pickup overall. That is as the nation fell back into con