I think it was an effective measure. The idea now is we have to hit back hard. We have to hit back strong if were going to finally put this dual crisis of the pandemic and economic payment engendered behind us. With respect to larrys point, one thing is just wrong which is our team is dismissive of inflationary risks. We have constantly argued the risks of doing too little are far greater than the risk of going big. Providing families and businesses with the relief they need to put this virus behind us. I want to quote Jerome Powell who strongly reiterated this view the other day. I think it was a week or so ago that inflationary risks are also asymmetric. He said, im much more worry about falling short of a complete recovery and losing peoples careers and lives they built because they dont get back to work in time. Im more concerned about the damage that will do, not just to their lives but to the United States economy, to the productive capacity of the economy. Im more concerned abou
A similar loss on the s p. Big loss on the nasdaq composite. Why the nasdaq down so much . Well, just look at this. Big tech being taken to the cleaners this morning. Start with apple. Look at that. Its still a trillion dollar company, way down this morning after its Financial Report late yesterday. Ive got more on all this. Amazon, huge drop, down 120. They are plowing their profit into coping with the virus. Microsoft, not much impact from the virus but its caught in the downdraft. Microsoft is down nearly 2 , 3. 46. Next case, the political news. Topping that this morning is joe biden. He has denied a Sexual Assault allegation. He says quote, this never happened. Ive got more on that in a moment, too. Got a big weekend coming up. Texas opens up a lot of businesses. Who will go to the store, the barbershop, the restaurant . Thats going to be a pretty good indicator of the urge to get out of the house. In california, the governor has relocked down the beaches. How will that go down .
Be in tomorrows debate, 19 in poll, hes on the vegas stage, he bought his way in over 400 million of Campaign Spending so far, item two that poll pulls Bernie Sanders way out front, 31 , hes now the clear leader. Item 3, more taper tape emerges and black and latino males dont know how to behave in the workplace, ouch, what a day, what a week to come, 3 trump rallies, by the way. Varney company is about to begin enormous cohort of black and latino males age lets says 6 to 25 that dont have jobs, dont have any prospects, dont know how the find jobs, dont know what their skill sets are, dont know how to behave in the workplace. Stuart last the latest Mike Bloomberg tape to emerge. Joining us james freeman, those kinds of comments and hes made several of them, thats not the way to go in politics, youre insulting population, hes going to be in the debate, he will be a target. I think what we will talk about the debate is results, he will talk about the thousands of young minority lives that
Comin going up in the past year, we want to hear from you at 202 7488000. If you saw your Health Care Costs going down, please call us at 202 7488001. If your health care stayed the same, but you have an opinion on this topic anyway, we want to hear from you at 202 7488002. Keep in mind, you can always text us at 202 7488003. We are always reading on social media, on twitter, and on facebook. Basic Background Information out of the way. Cnbc had a great article earlier this month on the Health Care Costs in the u. S. And how they are increasing. Let me read a little bit of background from that article. It says, the average American Household spent almost 5,000 per person on health care last year. 1 increase from the roughly 2500 per person that americans spent 34 years ago in 1984 according to an analysis of the bureau of labor Statistics Consumer Expenditure survey. Comparisons,ate clever adjusted all dollar amounts for inflation. It is not surprising that Health Care Costs have risen
Relationship, an issue that is getting a lot of attention these days. Senator warner has been at the forefront of china and has been a leader on the conversation related to Foreign Policy and National Security issues, both on china and his years of service in the senate. For those of you joining us for the very first time, u. S. I. P. Was founded by congress as a nonpartisan National Institute dedicated to working with partners around the world to prevent and resolve violent conflict. One of the things we do here in our headquarters in washington is to provide a space for conversation about the most critical Foreign Policy issues of the day, and i think the u. S. China relationship certainly qualifies. That is exactly what brings us together. We have seen over the past decade how china has shifted many of its policies, and become far more active in the international stage, particularly, it has invested heavily in countries and laid a much more active role regionally. We have seen this