If you agree or disagree. Let us know. Democrats, 202 7488000. Republicans, 202 7488001. Independents, 202 7488002. If you want to talk about this idea of spending to help the economy and text us, it is 202 7488003. Ur twitter feed, cspanwj you can post on our Facebook Page at facebook. Com cspan. The Financial Times picked up the story in which chair powell talked about in washington. Additional fiscal stimulus may u. S. Orth it to shield the economy from longterm damage left by the pandemic. The oce secretarygeneral warned the rising debt level would come back to haunt us. Powell told the Peterson Institute in washington yesterday that although the economic response is timely and appropriate at large, it may not be a final chapter. That event is available on cspan. Org. Here is a bit of that event featuring jay powell. [video clip] we will continue to use our tools to their fullest until the crisis has passed and the economic recovery is well underway. Recall that the fed has lending
Lineup of guests coming. Federal reserve vice chairman will join us exclusively in a few minutes for his first interview since last weeks fed meeting. Well also pespeak with the ceoo human there is a and a massive afternoon of earnings headlined by disney, ea, beyond meat and activision and well peek with actvisions ceo ahead of his Earnings Calls after the numbers come out as i said, were at 1. 9 with 59 minutes left lets moex fowlkes on the big stories. Meg has new developments on the treatment and vaccine front but mike, lets kick things off with you in the markets yeah, another day of fairly orderly levation in the indexes. Today its a broader rally even though its been led by the big tech stocks. A chart of the s p going 50 0 going back a year, were back up to the upper end of this crash levels last september, october, sort of going back to early 2018, an area where we gave a little friction to the rallies, but clearly, a market is acting as if big investors feel u underexposed to
Reopening process going. Look, it does feel that there is a very self confident sense by governors that its time. I think that the president is so oriented towards its time, and the president is soed ed ed eet in having a vaccine by years end, that theres an element of two different worlds here. Theres the real world influenced by the president saying open it up, people want to do it, and the stock world influenced by Warren Buffett who said i sold the airlines because that industry has fundamentally changed. Its a big gulf. Really the largest ive seen amazing. David . Sorry, carl weve been talking about that for weeks. The many phone calls that you or i will have with Business Leaders who are focused on maintaining their liquidity, focused on just being around to fight another day come the end of the year. The many ceos who join us on air who constantly talk about their businesses not coming back to the levels they were prior to the virus for maybe two or three years. Now they may be
[indiscernible] [typing] social media. Hundreds of platforms, millions of users, and a growing influence on todays society. Since its beginning, social media as a platform for online journalism and the continued development has allowed for the growth of thousands of different communities. Fandoms and sports teams, support hotlines, it has helped the world connect in ways previously unimaginable. That there is a downside to all of this connection. As more and more people gave the ability gaming ability to say what they want on social media, they also gain the ability to spread misinformation. Has furthered the liberty of the free press, but because of the use of confirmation bias, promotion of eight, and influence on the 2020 election, it should be addressed by candidates as an important influence on public opinion. Candidates now and in the future should be able to better address social media does as the networks grow, so does the power to polarize. Candidates that you social media sho
Optimism saying and to the outbreak is in sight but more people died after contracting the virus on saturday than any other day 1200 of them and most experts believe the worst is yet to come this from heidi. Conflicting messages from the president of the United States we see light at the end of the tunnel things are happening these are happening and the countrys Top Health Officials but next week is going to be our pearl harbor moment its going to be our 911. 00 moment and its going to be the hardest moment for Many Americans in their entire lives the u. S. Surgeon general warns many more people will die in the coming days the expected surge adding urgency to the cries of state governors asking the federal government for deliveries of life saving equipment so we governors republicans and democrats have been urging the president to do what he should which is if he wants to be a wartime president be a wartime president show some leadership mobilize the Industrial Base United States thats