Welcome to forbes on fox. Mike elizabeth mcdonald, Sabrina Schaefer and bruce jackson. Rich, should sanctuary cities lose their federal funding . Yes, they should. And this republican bill that was just passed in the house may have a lot of flaws to it. It was passed in the heat of the moment justifiable heat of the moment but federal law. Imagine if you had sanctuary cities for income tax evasion or polygamy. Its the same thing. Bruce, what do you think . Well i think it appears to be kneejerk knickpolitics and pandering. If they should do this given all the reports of the undocumented immigrants that trump has working for his companies, maybe they should extend to Sanctuary Golf Course and resorts. Not pandering at all. I think thats a bad analogy. The main thing is if theyre not abiding by federal law, these sanctuary cities why should they receive federal money . Listen this is a disgrace. An absolute National Disgrace what these families are going through. Federal tax dollars go t
Welcome to forbes on fox. Mike elizabeth mcdonald, Sabrina Schaefer and bruce jackson. Rich, should sanctuary cities lose their federal funding . Yes, they should. And this republican bill that was just passed in the house may have a lot of flaws to it. It was passed in the heat of the moment justifiable heat of the moment but federal law. Imagine if you had sanctuary cities for income tax evasion or polygamy. Its the same thing. Bruce, what do you think . Well i think it appears to be kneejerk knickpolitics and pandering. If they should do this given all the reports of the undocumented immigrants that trump has working for his companies, maybe they should extend to Sanctuary Golf Course and resorts. Not pandering at all. I think thats a bad analogy. The main thing is if theyre not abiding by federal law, these sanctuary cities why should they receive federal money . Listen this is a disgrace. An absolute National Disgrace what these families are going through. Federal tax dollars go t
European equities on that historic day for the uk. We were just talking about this, the ftse 100 almost 6700. This index has recaptured its prebrexit highs and then some. The german dax still lagging. Italys might s mib is lower. Spains i bex is higher. There has been so much action lately. The euro hanging in there about 1. 10. The yen has been weakening again of course after the elections and bernankes trip and whether or not theres going to be helicopter money. Finally a check on crude oil. Yesterday the rally did the traders on the floor contribute to the rally we saw in stocks broadly. Energy one of the best performers. Today its moving the other way. Wti and brent lower. Which is by the way the best performer of the year. Up nearly 1 again at 2. 75. Todays economic agenda. Followed by the monthly federal budget and beige book. Kaplan and harker are speaking today as well. Young brands report earnings. Two prominent members of the fed making comments. Neel kashkari saying it isnt
President and ceo walter isaacson. Great to have you on the program. Great to talk to you again. Our top story will be this. New privacy concerns surrounding pokemon go and its creators. Some are calling out the company for collecting massive amounts of player data. In a letter he writes im concerned to the extent which niantic may be unnecessarily collecting using and sharing a wide range of users personal information without their consent. The games creator released an update adjusting how much data it actually has access to but clearly were in the opening innings here of trying to understand the social regulatory, political consequences of augmented reality. Exactly. I mean, here in aspen yesterday all sorts of people wandering around there and of course youre using it and its collecting your data and also collecting all of your google data. Thats a little bit much. One of the wonderful things about it is it will inform us and make us think more about what data we want to block and
This thursday morning. Somebody flicked the switch at the fed, from the most dovish centralbank meeting of the 21st century, according to Goldman Sachs. The tone has changed. The rollcall of hawkish voices rolls on. Bullard questions the very validity of the dot. A cacophony of voices. Bullard, evans from chicago, lacquered from richard and lockhart. Market is beginning to be blindsided. They are necessarily underweight. Says, is a pimco currency risk. Goldman sachs, good old Goldman Sachs, will keep the dollar bulls happy. Goldman says, stop worrying. Value the dollar is already in the price. Lets see how the strength of the dollar is pervading across markets. You are seeing a dropout of some of the commodity plays. You have oil coming back off of its recent highs. Timesories are three what were projected. Volume study percent below the overall average. You are back below 40. The psychology of breaking markets. It into perspective for you, gold is at a onemonth low. Emerging markets a