Federal response to the coronavirus pandemic in a recent interview with former president barack obama. The conversation was produced and released on social media by the bite in president ial campaign. When we came into office, even before inauguration, we had seen a historic financial crisis, irresponsibility on wall street had spread out to main street prayed we had to move fast not just in 100 days we had to move in the first month to get the recovery act passed. We are now in a situation were not only driven economic crisis, we also have a Public Health crisis to boot. Tell me a little bit about how you are seeing the current economic crisis and how you are think about the economy right now. So well mr. President theres three pieces i see. One, weve got to sustain and keep people from going under forever. There are already 10000 businesses not likely to open up significant a number of Small Business and minority business number two, when they are able to come back they are not only
Retailer tesco to announce it overstated profits by over 400 million. The g20 finance ministers are wrapping up meetings in australia saying they are close to adding an extra 2 trillion to the economy, but the group is warning that europes slowdown remains a major stumbling block. And it is playing out if we take at what is happening with the u. S. Equity futures. Right now the dow futures are down by 28 points below fair value. The s p futures are up by 7 points. Although, andrew, this is an improvement from earlier this morning. Yes, it is. Thank you for that. As joe was telling us, it is a merger monday. Its already shaping up to be a busy monday for deals. Just crossing the tape this morning, germanys merck buying sigmaaldrich. That company is valued at 17 billion. Thats a huge deal. We have both executives from both companies to join us first right here on cnbc and well have that interview at 6 40 a. M. Eastern time. Also, it is official, siemens is buying u. S. Oil field maker dr
Im suzanne maloney, im vicepresident and director of Foreign Policy here at Brookings Institution, on behalf of Foreign Policy and the Talbot Center for security and technology, im truly delight today welcome you to the special event today. Our first annual night forum on politics. This forum is named in honor of brookings Phillip H Knight and made possible through his gift to the Foreign Policy program. And the overarching goal of the phil knight gift is supporting essential research into interNational Security, grand strategy, military affairs, american alliances, and security partnerships and Trans National threats. Were deeply grateful to phil for making this ambitious effort possible and for enabling us to bring together a truly Phenomenal Group of scholars today to discuss u. S. Grand strategy and u. S. Foreign policy at a time of heightened frictions among great powers and tremendous risk within the rulesbased International Order. Its hardly surprising that we chose to focus on
Its were. Host john nixes late to see you again. Lets set the stage iv this. Some people are going to see the title and there are going to think local boy here we go another guy who doesnt like capitalism and who has a lot of criticisms of it and he is probably feeling guilty. The fact is that you are quite a ferocious capitalist and what is interesting to me is that you arent necessarily born that way but rather you talk in the book about your younger life as a young man, selfdescribed progressive. He lived in the housing coop in a food coop. You start a business and your views at the time and i will quayle you you embrace the ideology that business and corporations were essentially evil because they selfishly sought only profit. Then you start your business in the next thing we know youre reading Frederick Hayek and milton freedom Milton Friedman. Talk a little bit about that version and what you learn from your earlier experience and how you came to the point where you are writing a
He highlights the practices of Companies Like whole foods and southwest, that seek to increase value for their shareholders by creating value for their customers and employees as well. Its about an hour. John, its a delight to see you again. Lets set the stage for this. Some people are going to pick up this book, see the title, and theyre going to think, oh, boy, here we go another guy who doesnt like capitalism, who has a lot of criticisms of it, even made money as ceo, probably feeling guilty. The fact is you are quite a ferocious capitalist and what is interesting to me is that you werent necessarily born that way but are somewhat of a convert, and you talk about your younger life as a young man, selfdescribed progressive, living in a housing coop, a food coop, start a business, and your views at the time you embraced the ideology that business and corporations were essentially evil because they selfy,ly south only profits. Then you start your business and the next thing we know you