160 points at the low of the session, and that was within the last hour or so. The s p down 16 and the nasdaq down 46 there. A lot of people watching the tenyear treasury yield as well, looking to that as they have for weeks now. Right. Kind of a broader reflected gauge of where we stand in the economy, where is this all headed and to what extent, if you look at the performance of these markets since the Federal Reserve meeting over the last eight sessions or so, thats really where youve seen the rotation from growth into value. How much does it have to do with the tapering and tightening if you want to call it that. A day that when they sell the stocks they buy the bonds because the yields on the long end of the curve have been come down today. Let talk about it and get to our closing bell exchange. Quincy crosby and anthony chan from chase, Michael Guyette from Pension Partners and winner, by the way, of the 2014 dell aware and samir samano and jim lacamp from ubs and Gordon Charlott
Them money, but the entire industry. All the president s bankers the hidden alliances that drive american power. We will speak with nomi prins about the 100 year history of collusion between washington and wall street. In shining a light on the nsa black budget. We will go to capitol hill to speak with commerce member peter welch is sponsoring the bill to force the president to include the total dollar amount requested for each of the 16 intelligence agencies. Then, a federal judge has dismissed a lawsuit challenging u. S. Governments killing of three americans in yemen in drone strikes. We will get reaction from attorney maria lahood. The constitution clearly applies to our awlaki because he is u. S. Citizen, so he is guaranteed due process. If the Us Government can kill a u. S. Citizen in yemen, that not only expands the global war, but also means a u. S. Citizen can be killed anywhere by our government. All of that and more coming up. This is democracy now , democracynow. Org, the w
And by contributions to your pbs station from viewers like you. Thank you. Tavis the statistic is horrific, one in three children will be arrested by the time they are 23 and many of them will spend time in detention centers. Each year, 2 million children are arrested in this country. Burning down the house is the groundbreaking work of nell bernstein, who spent more than 20 years tracking what this reality is doing to the nations children. Subtitle the end of juvenile prison and yet the numbers are pointing in the direction it will not happen anytime soon. It is a goal. The numbers are dropping. The reason i gave it that subtitle is the more i learned about what juvenile prison does to kids, the less of a reformer i became. I became thatnced these are institutions that cannot be reformed. Tragic. Before i came to it as a reporter, i came to it as somebody who had friends who were teenagers who are getting locked up. Watching ambitious young spirits get crushed in the system over and o
The farreaching influence of big money and how a handful of power players regardless of their Party Affiliation is the subject of a hasbook by nomi prins who written for mother jones, the nation, and more, also a former director with golden that. Her new text is called all the president s bankers the hidden alliances that drive american power. , welcome back. Thank you so much for having me. Tavis when i picked this thing off of my desk the day it arrived, and i saw this title, all the president s bankers the hidden alliances that drive american power, i thought, i am glad you did this, but it is not hidden. It are many who believe america was a corporation before it was a country. That is a whole other conversation, but what is new about this big money . Well, what is new is how this relationship actually works over history, because what i did to create that relief that book is that traveled to all of the president ial archives and look at who were the individuals, which families, whi
[inaudible conversations] okay, i guess we can start. Thank you all for coming. This is a great crowd and were all very happy to have you here as we talk about the financial crisis and financial history under the title gaming the system finance in america which is really what its all about. Before introduced myself and the panelists i just want to make a couple of quick announcements. First of all we ask you to silence your cell phones and we point out that personal recording of these sessions is prohibited. There will be a book signing for all the members of the so panel and myself right after the session. Im asked to type that if youre buying a book, you buy it upstairs in the lobby, and then the sign will be across the street. We will sign them after you buy them. Anyway, once again, welcome to all of you. We are privileged to have with us today three authors have taken three very different approaches to reporting and analyzing the financial crisis that began in 2008 and the many re