Well before the election so please stay tuned for a further announcement. Wed like to extend a special welcome to the diplomatic corps as well as the 2020 class on the Economic Club of new york fellows and students joining from the club and business schools. Now it is our honor and a privilege to introduce the 45th president of the United States, donald trump. A graduate of the university of pennsylvanias school of finance and followed his fathers footsteps and the role of Real Estate Development egging his mark in new york on the way to develop a will a worldwide brand. He won the presidency in 2016 and first ever run for any political office. Over the last four years, his economic agenda included personal income and tax cuts, reduction of regulatory politics, replacing nafta with the Canada Agreement and negotiating comprehensive trade reform with trading partners notably china. Prior to the pandemic, the administration of the economy grew steadily. Unemployment was the lowest in 50
Thankorgie about you for joining us. Worryingld we start about the amount of debt we are generating and the impact it will have on the economy longerterm . First, thank you for having me. The worries about debt levels going up are not for now. For now, the biggest worry is we do not do enough to support the economy until we have a durable exit from the health crisis. With Interest Rates being record and government can borrow inject hopefully not only a recovery, but a more potent, higher productivity based growth so they can repay the debt they are acquiring now. Case for lowhe Income Countries already in distress. Importanty it is so we make sure they are provided with relief and they are supported with grants and concessional financing, a big theme for our annual meeting spirit for our annual meetings. Francine what is the biggest risk to your outlook . You say the recovery will be uneven, but you have increased your projection . Kristalina the situation today is less dire than it wa
Skeet to hit nearly the same time. Moon while a white house shakeup Kellyanne Conway giving up post starting next month her husband george step wage from antitrump organization as they both put the focus back on their family. They say. Markets this morning are rallying take a look at futuring with a triple digit move the fda announce emergency for plasma to treat covid19 and dow is up 370 points and s p 500 up 25. Markets finish in the green on friday, certainly the s p 500 seeing its longst winning streak this year with the s p friday up 11 points nasdaq up 46 and dow industrials finish out the week up 190 points on friday. Ticktock troubles continue Facebook Ceo Mark Zuckerberg reportedly still confused in washington about the chinese social media app. Missing these warnings months ago and it is the gops turn. The Republican National convention kicking off today. Housing urban Development Secretary ben carson will join me in the next hour with breaking news on his speech as well as o
Provider. Americas Cable Television companies. This is the Communicators Program on cspan. It looks different in this age of social distancing and the coronavirus, we have set up in separate studios here in cspan. Pleased with the editor of camino occasions daily, our guest reporter and our guest this week. This former senator gordon smith, president and ceo of the National Association of broadcasters. Senator smith we appreciate your coming into the studio for this interview. A pleasure, peter, glad to be with you. You and jonathan, thank you. Coronavirus,e of how has this affected broadcasters . In many ways it has affected us. I think perhaps it is unfortunate, but it seems the United States and our citizens become aware of broadcasting and its indispensable, in irreplaceable role, in the firmament of american life, when there are natural or other catastrophes and calamities that befall us. Because it is then that the architecture of broadcasting, a source to everybody and agreed in
Up in the north bay where youre sitting under that gray currently as we move into the afternoon today, its going to be our first afternoon of widespread 80s. So a warmer one than what we saw yesterday for sure. All of that full breakdown. Still to come right i that what we have a very light morning could be for you. The bay bridge, no major traffic there. 8 minutes, san mateo bridge just under 13, traveling across towards peninsula. Richmond center fell bridge about 6 minutes and the golden gate bridge. 37 to the tolls. 18 minutes. Well, labor day is today, as we know and the activists roots of this holiday are especially visible this year. Weve got unions all across the country challenging now how workers are treated. Yeah, this year has seen an emboldened Labor Movement right here in the area. Weve seen. Teachers, city and Airline Workers all in the picket lines. And its the same story across the country. Experts say nation why we are in an environment its way closer to the air or fr