Welcome, welcome were very excited to have you at the barnes noble event series. Featuring john bryant and latest best seller the memo five rules for your economic liberation were very excited to have you with us today and we also want thank barnes and mobile for , you know, allowing us to be here with all of you. John hope bryant is founder chairman and ceo of operation hope. Largest Nonprofit Organization and United States focusing on Financial Inclusion and financial serving over 3. 6 million youths and adults since 1992. Chairman bryant is also the chairman and ceo of the Group Venture and promise home company the largest for profit minority controlled owners for Single Family Residential Rental homes in the United States. In addition to that, chairman bryant was recently named by American Bank and magazine for the 2016 innovator of the year. And hes also served last five United States president s as a counseling as a counselor and advisor for all of them. Were very excited to have
Planned for by investors lets bring in david rosenberg, and scott ren from wells fargo you got me david, let me start with you give me your reaction. Dac david, give me reaction to this mornings report right can you hear me okay i can hear you, there was somebody else in my ear as well. Somebody ordering pizza, i dont know may have been look, i think that it could be a stretch, inflation, we have a situation everybody believed we would get a first big quarter because of the tax cuts and income gains were going to see, without realizing a good chunk of income gains are going to be siphoned into the gas tank, what the retail sales member told you. So much of the Fourth Quarter premised on Consumer Credit binge. The fed report highlighted that yesterday. Bit of a credit hangover and relentless increase in gasoline prices attracting the retail picture inflation number i think was easy to call in my opinion, dont know why everybody thought we would get streams of. 2 to perpetuity the dollar
On manufacturers and one part of it was tariffs and things like that you know to protect a massive manufacturing other part was incentives but another part was infrastructure and he said you know weve got to build a National Infrastructure to be able to to facilitate a manufacturing economy and so from the literally from the George Washington and then a straight into the Ronald Reagan administration everybody understood this. What they could do is they could build maglev trains across the United States they could build a new road structure were so be set by the elites who control our society with greed and wealth the one percent that they build these fantastic buildings in new york but you dont have the roads to get decently to these buildings the governments a tool you can use it for good or you can use it for bad weve used it for both but what youre talking about sean is to reinvigorate the economic strength that we have in this country towards a peaceful end. Fascinating stuff as al
A manufacturing economy and so from the literally from the George Washington and then a straight into the Ronald Reagan administration everybody understood this. What they could do is they could build maglev trains or cross the United States they could build a new road structure where so be said by the elites who control our society with greed and wealth the one percent that they build these fantastic buildings in new york but you dont have the roads to get decently to these buildings the governments a tool you can use it for good or you can use it for bad weve used it for both but what youre talking about sean is to reinvigorate the economic strength that we have in this country towards a peaceful end. Fascinators up as always thank you sean from los angeles always good to talk to today all right everybody as we go to break Court Watchers dont forget to let us know what you think of the topics weve covered on facebook and twitter see our poll shows at r t v dot com coming up top of wa
Year this all has been happening as treasury yields started to pick up yesterday that kicked off the concerns the twoyear treasury yesterday topping 2. 16 . That was the highest level since september 8, 2008. You can see the twoyear this morning, yields have come back down a bit 2. 108 the tenyear is where the focus was yesterday. The yield there nearing 2. 73 . That yield backed off a bit, too. We will see the last meeting of fed chair janet yellen today at the fomc nice stories about janet yellen today the finale here as jay powell gets ready to begin february 1st. Some big stories were watching this morning jpmorgan saying that jamie dimon will stay in his role for about five more years. That time frame could suggest hes not planning on running for Political Office which has been speculated about for some time we talked to him about that last week in davos on this show the bank is promoting daniel pinto and gordon smith to copresident s and coos pinto oversees Corporate Investment b