Michele. This is one of the most difficult things to accept, that this market does not have to reflect what is going on in this economy. Can you speak to that . Bob i can speak to that because im in the bond market and it is reflecting perfectly what is going on. We just printed 33 gdp. There is a giant hole that we think will take 10 years to fill the output gap that has been created. The fed is telling us for a long period of time they will keep rates at zero because they have to bring the cost of funding down across the system so that any kind of recovery takes hold. Slowly, Bond Investors are recognizing that, and that has emboldened them to move further up the curve both in terms of duration and lower in credit quality. Jonathan we have had conversations about market distortions. The equity market, Big Tech Companies dominating the benchmarks in the u. S. What is the cleanest trade in fixed income to play an economy that would take 10 years to fully recover . Bob there are two cle
This so much, senator elizabeth biden, whodr. Jill happens to be married to the Vice President , who happens to be the democratic nominee for the presidency of the United States of america. I guess that is not fully formed until a few weeks from now, but i think we can bet he will be the democratic nominee. With senator warren and with dr. Biden, we have several other educators, because as you know, senator warren and dr. Biden are both educators, and those are afd leaders from across the crawfordand melissa and jerry jordan from philadelphia and pennsylvania. Ultimately, we are talking about reopening schools, which is on the top of the mind of virtually everyone in the country. We, at the aft really want to reopen School Safely for our kids and for the staff. Kids everywith our single day, and we did not hear anything from the president about this for weeks, until after joe biden spoke at the Convention Earlier last week, lifting up educators, pledging support for public education, a
About reopening schools which is on the top of the minds of mostly everyone in the country. We at the afc really want to reopen schools safely for our kids and for the staff that work with our kids every single day. And we didnt hear anything from the president about this for weeks and weeks until after joe biden spoke at the ada Convention Earlier last week letting him educators, pledging support for Public Education and now celebrating President Trump invested has woken up about schools and about reopening after being completely silent or months. But instead of doing what we can usually count on the president to do , in terms of leading with a plan that keeps teachers, kids , families say, trump is demanding schools and campuses reopen without funding any of the necessary measures to do so safely. Rejecting the cdc guidance and he and betsy devos are threatening to withhold funds if schools dont reopen area thats not president ial. Thats not nice. Thatsreckless and dangerous and its
Civilians are displaced b by fighting in northernrn syria, President Trump defends his decision to withdraw u. S. Support for the kurds, paving the way for turkeys assault. This comes as the house passes a bipartisan bill to rebuke the president. Today, Vice President mike pence and secretary of state mike pompeo are in turkey seeking a ceasefire. We will get the latest from Congressmember Ro Khanna and also speak with him about the legacy of baltimore Congressmember Elijah Cummings, chair of the House Oversight and Reform Committee. He died earlier today. Whererst, to chicago, 25,000 teachers and thousands more aides, custodians, and security guards, have gone on strike. Is to takerategy back everything that we have already won in previous contracts and offer it back to us with percentages. Not what we have already, not what ourur students deserve or what we are demanding, but the same thing or less. That is the problem here. Amy all that and more, coming up. Welcome to democracy now
Civilians are displaceded by fighting in northehern syria, President Trump defends his decision to withdraw u. S. Support for the kurds, paving the way for turkeys assault. This comes as the house passes a bipartisan bill to rebuke the president. Today, Vice President mike pence and secretary of state mike pompeo are in turkey seeking a ceasefire. We will get the latest from Congressmember Ro Khanna and also speak with him about the legacy of baltimore Congressmember Elijah Cummings, chair of the House Oversight and Reform Committee. He died earlier today. Whererst, to chicago, 25,000 teachers and thousands more aides, custodians, and security guards, have gone on strike. Is to takerategy back everything that we have already won in previous contracts and offer it back to us with percentages. Not what we have already, not what o our students deserve or what we are demanding, but the same thing or less. That is the problem here. Amy all that and more, coming up. Welcome to democracy now