Theres the headlines this morning programming from. Just a few moments time well back in one hour to bring you the latest global news updates suitor. Hi im max kaiser welcome to the kaiser report Summer Solutions thats right we solve all the worlds problems by bringing in the biggest genius to the way we know that have ever been on the show and were going to talk about a very scary the word and that of course is the flakes and joining us former tech entrepreneur jeff booth hes the author of the price of tomorrow why deflation is the key to an abundant future this book has caught fire amongst accept a community they Call Community all communities its really a fantastic book stating so jeff but i want to ask you because deflation is usually associated with depression and bad times and nobody likes us but based on the title of your book the key to an abundant future it sounds like youre quite optimistic about deflation so how exactly do you define deflation and how might it lead to abunda
Hi im Steve Clements and i have a question well the coronavirus pandemic be the Tipping Point that takes us into years of joblessness and poverty lets get to the bottom line. When we look around we see a lot of people who cant find work and a lot of businesses that have gone bust but there are some winners out there it seems like the Financial Markets are always winning at least from my Vantage Point economists usually say that they saw what was coming after the fact there are always rationalizations for the ups and downs of markets or of jobless rates of consumer and Business Confidence but lets take a look at the big picture my guest today is not afraid to go where many economists wont and to look at the key factors out there that predict a really serious financial and to some degree even social and environmental meltdown affecting each and every one of us all over the world hes not known as dr doom for nothing nuria were being he predicted the us Real Estate Market crash 3 years bef
Citys black community. I want black boys growing up today to drive because we chose to change how this city and how this country treats our young black men, not as a statistic or an inevitable tragedy but as an important part of our citys future. Reporter chief William Scott while the cuts are significant, they are cuts we can absorb. But the Police Officers Association Says Response Times could suffer if the department cant hire new officers. It could impact our ability to respond to emergency calls for service if we dont have the necessary staffing. Reporter the mayor says the city is also focused on Police Accountability and bias. The pandemic has made San Franciscos homeless crisis even more dire. The new budget includes an additional 1,500 units of supportive housing. Advocates say its definitely needed. I think especially during pandemic, people are just so distraught and just so disconnected without electricity. Reporter to save more money and avoid layoffs, mayor breed is now a
Were red now across the board as we show you where the major averages are down. The s p down about 1. 5 . Josh, i turn to you. A lot of hurdles to get over were watching texas and florida. The banks are under pressure because of the regulations from the fed about dividends and buybacks you have the nike news with the big miss off its earnings. You have a Tall Mountain to climb today. Yeah, i agree with you. Theres a lot of stories swirling around right now and most arent feel good for stocks the big story is the virus and its resurgence. I think thats the only thing that matters to market right now. You see it in whats working and whats not sometimes things are complex right now things are simple. Dollar tree, costco, clorox all look outstanding now even the stocks that went vertical given those vertical moves they are hanging very high and thats really impressive. They are not even pulling back for a consolidation in any significant way. Look whats rolling over, exactly what you would
Covid19 on the front lines. A digital event cast from the atlantic. We are going to be talking for the next hour or so about the latest science, about the latest treatments, and will be looking forward about what we can expect in the weeks and months ahead. Before get underway, a moment to thank our underwriter pharma, who is making the conversations possible. First, lets take a look at where we are right now. As of last night, more than 580,000 americans have been diagnosed with covid19. And over 23,000 have died of covid19related complications. There are some signs of improvement in places like new york. The curve appears to be flattening, but some other hot spots are emerging, and at the moment, 316 million americans are still under stayathome orders. This is an evolving situation, of course. The atlantic has been moving along with it, publishing articles like the technology that could free america from quarantine, and the coronaviru unique threat to the south. Another article which