Talking with andrew about what exactly got washed out yesterday. Hard to say a lot when hertz is up 50 premarket. I mean, look, it is kind of a comedy of errors, no insult to the board. Really there is a Bankruptcy Code and maybe hertz management got permission in the old days when you went bankrupt there would be a little bit of a stump of stock so that you could go and sell it and show the irs that you had taken the full loss carl icahn sold a ton of the stock in the 70s, he sold 38 . I think if he had known that there would suddenly be a new stock he would have hit that bid. If i were him id sue. Id sue right now. I would just hire a lawyer and sue because he sold at what the company was advertising as a bankrupt price where the common stock was and he has i think a right to be able to claim 38 of this money and i urge him to do so, to hire a lawyer and get the money because this is just ludicrous. Well see what the court says i think theyve got to get to 4, right, to get to a billi
Now projecting anywhere from 100,000 to 240,000 total deaths in the u. S big investors are weighing in. Rosengren says the feed needs to adapt as the crisis proceeds and he expects the Unemployment Rate to rise dramatically weve got a big guest lineup coming for you in just a couple minutes, talking to james gorman from Morgan Stanley. Hell talk about the market volatility and how the banks have fared so far in this crisis lets focus in on the big stories we are watching at this hour, the final hour of trade. Mike santoli watching the market plunge meg tirrell has new details on the state of Virus Testing in america, so important. Micah, first to you on this market were seeing a pretty steep selloff here. A pretty steep selloff sad to say not that unusual after you get one of these crashlike moves, then a rebound. I think a lot of folks were hand capping this to be an area where it would stall out this may be a little more than a stall. Well have to see. This is a twoyear chart we were
Washington correspondent Kevin Cirilli with the latest. Kevin, let me set with you. We heard the playback of President Trump meeting with those legislators legislate legislators to what were the highlights . Kevin it was remarkable to see President Trump me it meeting for one hour a Bipartisan Group of lawmakers as democrats making their case they want to see brock obamas daca Program Extended as part of the january 19 the deadline. Lawmakers must past in order to avert a government shutdown. President trump drying that political line in the sand and saying he wants to see an increased level of security along the u. S. And mexico border, particularly when it comes to the socalled wall. However, although these comments note he didould appear to suggest he might be open to some type of deal with democrats in order to avert the government shutdown. Shery craig, the president saying the representative Bob Goodlatte of virginia will submit an immigration bill. What is the timeline in comp i
United states today remains the only major country on earth that does not guarantee health care to all people as a right, and that is why i will continue fighting and introduce legislation for a medicare for all singlepayer program guaranteeing health care to every man, woman, and child. When we talk about justice. When we talk about the need for all people in america to be treated equally and with dignity , we have got to deal with hard realities. Those realities include the fact today if you can believe it, and i know you can one in four black males can expect to spend time in prison during their lifetime unless we change that dynamic. This is an unspeakable tragedy and this country can no longer ignore that. Blacks are in prison at six times the great of whites. In the report by the department of justice, blacks were three times more likely to be searched during a traffic stop than white motorists. Africanamericans are twice as likely to be arrested and almost four times as likely t
Been a fan before i was in congress of going beyond the saids initiative feds policy. I felt like q1, q2 and q3 do not create the job increases that policymakers at the time thought. I have been concerned as we go back and look backwards since 2008 that said officials have always been a little reluctant to talk about some of the unintended consequences such as a distorting the price mechanism in our economy, depressing cap rates for real estate or running up equity prices which i think are a result we have flooded from qe2 into our economy affecting prices. Today, i have not heard discussion, we talked about the Balance Sheet and Interest Rates , i want to talk about the money multiplier affect in your toolbox. We flooded the system with reserves, but we have a money multiplier down at apples rates , 1930s types rate. I guess my view, you shouldnt lower Interest Rates on banks as raising rates and planting this very thoughtful, careful shrinkage of the Balance Sheet . Chair yellen the