That broadly speaking if we dont get that, there would certainly be Downside Risks certainly through the channel i mentioned. Thank you cnn. Thanks for taking my question chairman powell, give us an update to the policy framework and repeated calls for this and this event, is the fed open to other parts of the economy such as income inequality and Affordable Housing we monitor everything we think is important in the u. S. Economy. In a broad sense, all of it goes into thinking about Monetary Policy you mentioned inequality so disparities in income and Financial Wellbeing demographic and racial categories, something we monitor carefully, inequality, which i would point to its a multifaceted thing, stagnation of nat the lower end of the income and lower mobility those are things that hold back our economy. They are the thing is we dont really have the tools to address those. We have Interest Rates and Bank Supervision and Financial Stability policy and things like that, but we cant get a
More arrests in belarus as protesters marched for another day calling on the president to step down. So the u. S. Has broken with the all other permanent members of the u. N. Security council and declared socalled snapback sanctions on iran americas major allies britain france and germany have already written to the u. N. To say sanctions relief will remain in place all of this over the Iran Nuclear Deal which washington pulled out of 2 years ago and so the other signatories say the u. S. Can no longer or no longer has the legal power to force through any changes diplomatic editor james bass has more. Its aroud its even pitted the u. S. Against some of its closest allies and its now over 5 years since the Iran Nuclear Deal was signed in vienna joining the negotiations the us team under the leadership of the then secretary of state john kerry devised a mechanism called snap back if iran breached its commitments all International Sanctions could snap back into place but thats not the way
Out of congress as opposed to just these executive orders from the president that are taking quite a bit of heat over the weekend. Yeah, look, david, i think that there is a sense initially that it was a white house grab and it kind of went through the weekend, there was a recognition that, wait a second, maybe it is a grab if youre going to give 400, 100 has to come from the states and many of the states including red states are in trouble. The thing that is most compounding people is that 12 of the people who make 80 to 100,000 get this bizarre payroll tax cut when the problem is not the people employed but the people who are unemployed. I think that its arer so counterintuitive our old friend larry kudlow always believed in that. We have secretary mnuchin right now, which is terrific lets do it lets do it. Go ahead, jim. Mr. Secretary, always good to see you on squawk on the street. We get a little bargaining done on the show. How have you been . Good morning. How are you . Im doing
A spin around the globe to see how markets ended the week and later a series of blockbuster films have been delayed due to the pandemic we welcome in a movie Industry Expert to discuss what effect it will have on the bottom line we have a packed show today so lets dive right in. And a huge settlement today as u. S. Investment Bank Goldman Sachs has agreed to pay a 3900000000. 00 settlement over malaysias criminal probe into the multibillion 1. 01 m d b scandal now the settlement could also help bring an end to the u. S. Justice departments investigation into the same issue now the deal includes a 2500000000. 00 cash payout by goldman and its guaranteed to return at least 1400000000 dollars in proceeds from assets linked to the Sovereign Wealth Fund one Malaysia Development b h d now malaysian and u. S. Authorities estimate 4500000000. 00 was stolen from one m d b in an elaborate scheme that spanned the globe. And implicated high level officials in the in the fun former malaysian Prime
Better than 1 move for the dow. Nasdaq record highs. Big tech taking a bit of a break. You see facebookdown as well as amazon amazon, netflix and microsoft lower. If its tuesday, it must be tilman frittia calling on americas governors to show some real leadership and tell us where the goal posts are on reopening. Power lunch starts right now tyler, thanks. Its Energy Leading the way today. On track for its best day since june 5th it might not matter as much as it used. Bob has more technology stocks, 27 of the s p 500. That doesnt include google which is really a tech company or amazon which is a consumer discretionary. All together top Six Companies are 25 of the s p 500 just about. Its approaching that. Its crazy the rest of the sectors are shrinking. Let me show you what the sectors are today. Energy is only 3 of the s p 500. Now it used to be 5 a few years ago but financials have shrunken dramatically for example, it was 15 of the s p just five years ago. Industrials were 10 now it