Hello america azure this is the kaiser report a man to a quick low dial 1800000 more on this station ok boomer you are a boomer and you sound like a boomer always loans loans loans debt debt well i want to start this episode with this theme of boomer which has gone viral of course and thats the millennium versus the boomers the millennial. Basically rising up ok theyre the biggest voting block on the in town and theyre searching asserting their power so 1st to put the context of whats going on in america this ok boomer thing i want to look at this chart and this is only from 79122010 and it shows the u. S. National debt and the u. S. Annual g. D. P. Says he see from when we started our National Debt in 17 9100. 00 all the way to just after a while where to we had almost no debt g. D. P. Stayed flat and now the least nominally our nominal g. D. P. Is going up rapidly but its almost entirely with debt and as we know from covering drone powell last week you know that is starting to we wer
Senate committee on banking, housing and urban affairs will come to order. Well consider dr. Lael brainard to be vice chair of the board of governors. And acting director Sandra Thompson to be director of the federal Housing Finance agency. It is amazing what a difference a year makes. We have today safe and effective vaccines that are saving lives that are getting people back to work. 207 million american americans are back fully vaccinated. Our economy has weathered the storm and rebounded in 2021 we added a record 6. 4 million new jobs, more than any year since 1939. It isnt just the jobs numbers. It is the quality of those jobs. Workers demanding raises are finally getting them. They are changing jobs at record rates because people finally have some options. The past year has illustrated our economy works best when it works for everyone. Not just wallace. Not just the top 1 . Everyone. Whether you punch a clock or swipe a badge, whether you earn a salary or make tips. Whether you r
Platforms do a uturn and surrender everything it made after that magnificent quarter sell sell sell you dont want to see walmart soar and then repeal the whole move after an amazing quarter no less it is agonizing to witness amd give up a quick 25 points when the future seems so bright but sometimes you have no choice and i think this is actually one of those times we just had another bad day. Dow lost 291 points s p shed, nasdaq tumbled 1. 7 . Boy, did it get ugly at the close. What do you do at moments like this rather than trying to trade in and out, selling everything and then trying to buy it all back at lower levels, i think you need to learn how to ride out these moments. Unless stocks arent for you see, i think if youre patient i believe youll do better sticking with stocks rather than hiding out in treasuries even if they have much more generous yields than they did a year ago. So lets start way key word here, and that word is patience. Two weeks ago we had the eminent market
Fischer. At that 10 minutes ago and whats up jay is that a psl, a Pumpkin Spice latte . Yes, i am drinki ng a Pumpkin Spice latte, and its pretty good. Yeah, i am was that a Pumpkin Spice latte . Yes. I am drinking a Pumpkin Spice latte. It is pretty good. I am, too. Why are you here . I am here for the rtca dinner. It is the tryouts to be a host. Look at this list. I dont know these people. Who is Tyler Fischer . I cant believe we are holding tryouts. I had a few fires i had to put out. You know how it is. No. Not really. We will hold tryouts and whoever does the best job will be the host. Hi. Im here to audition for the rtca dinner. I have Nothing Better to do. It is a miami vice theme. You are very miami. Is that an adult jacket . Unless it is from the kids to permit, we might have a problem. Im on this almond diet. It is plain nuts. What is a dentists favorite time . 2 30. Thank you for coming. The committee has made a decision. The winner will have the honor of performing in front
Morning. Lauren worries that Rising Interest Rates in the wake of an economy by much of the selloffs the 10 year treasury continues to rise right now to. 846 . Connell would flip it over to your. The ftse 100 in london is down by 1 . The other major average we follow in paris and frankfurt are lower by less than 1 this morning. Lauren a nation, stocks really think that the nikkei in japan than to put 5 and below 23,000 for the first time this year. Take a look at asia, china and shanghai composite gain. 35 . Trained to indians for it. The Philadelphia Eagles, the long drought is over. Finally. Lauren you heard back. The eagles won their first super bowl ever. Left to minneapolis for Cheryl Casone. Fbn am starts right now. Connell good for the eagles. 5 01 a. M. Here in new york city. Starting to come around to the idea proposed for some time that the day after the super bowl been a national holiday. Not that i would want to be here. I would be here anyways. Lauren it is for many people