Conversation. We are grateful to cspan for broadcasting this evening. And for their support in taking what is a critical topic as part of the commemorative activities of world war i and to public. It seems to me that the experience of the american response to world war i represents something of the very essence of the american experiment. Who could not argue that the core values of america were expressed by the belgian relief efforts during world war i . They said they had been organized by hoover for the commission of release of belgium. Grassroots to response of National Crisis in belgium and france. Starvation due to the ravages of war. It seems to me that it is expressive of so many of the core values that seem to claim us as we think about this american experiment. Through the efforts of hoover and the commission, of the 9 Million People, each day were fed in belgium and north france. The opportunity to discuss contemporary parallels as it relates to need certainly are tempting. T
Manus you are welcome to countdown. Anna welcome to the program. Weve got to talk about what we have seen coming out of japan this morning. A real surprise. Let us show you what happened to the dollaryen as a result. Economistst of 42 expected any expansion of stiff a stimulus and none of them godicted that rates would negative. That underlines how surprising this was. The yen instantly weakened. General kuroda really kicking the yen back down. . Ill it last canmuch of an effect quantitative easing continue to happen on market psychology . A chart showing the diminishing effect of the general kuroda surprise. We will also hear from him in. Close davos. The equity side of the story is this. We dropped 1. 7 . Youre still looking at an overall loss for the month. Up 9 . Tate is rocking, securities and commodity futures are ramping higher as well. The bottom is the bank banks. 330 Companies Reported on the topics today. They are mixing their profitability targets. Commonwealth bank of aust
Government should take note, instead of throwing money into an 18 trillion black hole they call our debt. The fact of the matter scott, they dont do that in fact quite the opposite. Lessons to learned here . What do you think . I think so. Thats the tough part. And lets be fair the government is not being run like a business, and maybe thats the problem, because if the government were in business the way its doing business would basically have it if it were on the stock exchange, it would be close to zero because when you have the government in current position neil, where they have the taxpayer the slush fund full, of last resort they can just keep hitting up and businesses too over 100 billion in fines on the banks alone. So the financial crisis, guess what in the government doesnt care if it manages money well like apple does because it can always get more. Neil think about it, the government cant give money out they are knee deep in debt. If they werent hogging all the money we wou
He could not have predicted how the terrorist threat would evolve buried at this Time Congress was completely focused on preventing another largescale attack on u. S. Soil. In 2001 we understood al qaeda to be a centralized organization no thought was even to the prospect that al qaeda would franchise terrorism and inspire satellite groups in the Arabian Peninsula and africa to bury the prospect and then attack would be carried out by a lone wolf actor with no direct training support from al qaeda and a barely into discussion. We were thinking that terrorist groups were focused on taking human lives. We did not predict that in the decade after the september 11th state actors or terrorist groups would try to and devastate our economy and steal valuable intellectual property by targetting are Cyber Infrastructure and in. Finally, we could not have imagined that on the eve of the 13th anniversary 9 11 another american president would come before the American People to make the case for de
His mouth. The United States, first, second and third generation, mexicans are just beyond reproach. As theyre known in america, americans. And then the speech last night was frightening and devicive. After i heard that there was no way i could continue to be part of praud apparatus. I think youll see this really quite a bit of softening. He has no idea what the hell hes talking about. Here is what donald trump said yesterday. Mr. President , i want to thank you. Its been a tremendous honor and i call you a friend. Thank you. Im sure the president of mexico did not believe him when he called him a friend i know that no one would be able to believe when he said hell force mexico to pay for a wall. And donald trump proved yesterday just how much you should not believe that by failing to even mention to the president of mexico or push back in any way when the president of mexico opened their discussion by very emphatically telling donald trump that there was no way his crazy idea of havin