To lou and welcome to crossfire all Things Considered im Peter Lavelle at this point no one knows when the cold crisis will abate however it is undeniable that this Health Crisis has negatively impacted the economy what does it mean to return to normal is that even possible now and will the divide separating the rich from the poor can. Discuss the economy and more im joined by my guest peter early grave very. Can he is an economist at the American Institute for Economic Research in miami and we have made rezko he is seen as chief investment strategist and we also have Eric Townsend he is host of the macro voices podcast gentlemen crossed the rules in effect that means you can jump in anytime you want and i was appreciated ok lets go 1st to peter you know in looking at the very the. The broadest picture of whats going on in the economy right now i think we all have to be very honest with ourselves that the election cycle influenced people how they look at the economy how bad it is or ho
Now. Maria big show today, Dagen Mcdowell and emily and James Freeman. Great to see you. Good to see you. Dagen surrounded by all the super smart women. Yes. Just like at home. Maria director or something new . In other words, social media obviously one of the big stories, i have to get your reaction on what you heard. Make zuck is going to be on his own, we will let this democracy play it out and people debate online and people say the messages they want to say, its good news that despite the lose of some partners and political heat hes pressing ahead on his crypto currency plan. We could use that, maybe good for consumers. Maria a lot of pushback because of what he learned in other businesses, facebook ceo testified before lawmakers answering a variety questions on china, crypto currency and libra and watters kicked things off, watch this. Given the companys size and reach it should be clear why we have serious concerns about your plans to establish a Global Digital currency that wou
With joanne hsu in just a moment, and an oil rally underway. We will see how much risk you should take on into a weekend of uncertainty. Im alix steel, with my cohost in london, died guy johnson. Guy it drops onto our bloomberg terminals the headline number, 63 point zero, down from 68. 1. That is a substantial miss. 66. 7, a big drop. One year inflation wow one year inflation rises to 3. 8 , up from 3. 2 , and we have verizon the five to 10 as well. I wonder if that is gasoline prices, but Inflation Expectations are rising. That is not a good cocktail heading into the weekend. Alix no, that is not great at all. The bond market giving up some of the gains we saw on the treasury market on the frontend, so yields down by two basis points now, but equities are going nowhere yet. This is not a great read for how consumers are feeling. Guy jamie dimon warning on the call, talking about the facts that the consumer is working through the excess savings. We have been talking about that for a w
Youre safe and you get on autopilot mode. I just felt that people were failing to recognize that you can get into an accident right next to your house and right by your home or wherever you are. [man] this is the script. And in video, youll see its in two columns. The right column is for the narration and the left column shows you what pictures go with the narration. [katie] in addition to a cash prize, franklin gets to create his psa with an Emmy Awardwinning production company. So, this is now the storyboards scene one, 2a, 2b, et cetera. But were gonna go today and well take the pictures of the outside. Marilou will then put them into storyboards. All right, you guys ready to do that . Sure. Terrific. [katie] franklins friend greta will play the role of the driver. The director worked with franklin to shoot the stills for the storyboards. Excellent, really. Very good. All right, so i think weve got everything we need. Okay, so here are the storyboards we worked on yesterday. [katie]
Move are good . Espn, a look at that and thats a big negative. All right, now look at this. Look at this thats a hover board. You want to see more of this the full story and you will see more of it. Youll see all of it. Varney company is about to begin. This is Varney Company right from the get go were covering the money thats in your pockets. The price of oil still cheap, 46. 22 this morning, but here is the real money story. Look at that sound effects. And gas is down a penny, were down a penny a day consistently. National average, 2. 63. The price is down and thats what we like to see. South carolina the cheapest gasoline states 2. 25 is the average 2. 25 in average in some states for regular. Despite disneys drop despite apples drag the futures, thats an indicator of how the dow is going to open looking pretty good. Up 88 points at 17,500 despite the drag from apple and from disney. Now, we had a fed governor say they are on track for rate increase next month. Then we got a negativ