You know im going to read some poems im going to think of some poems that america right now because we are the u. S. Dollar we are so we are the empire and you know robert frost said the woods is lovely dark and deep but i have promises to keep in many miles to go before i sleep and of course Emily Dickinson said something along the lines of because i could not stop for death you know i was just too busy i had all these things to do lunch appointments all that sort of stuff he kindly stopped for me the same thing is like were very busy i guess bit busier busier we have all sorts of cultural issues and partisan war and all this sort of stuff going on but if you look calmly around you you see that death has stopped kindly for the us empire and all its debt its easier to pretend our Economic System works and just blow endless asset bubbles yesterday saw the us comprehensively beat china not in any sporting sense and certainly not in any dimension of the current cold war for those who stil
Delays from washington from the trade deal to the stimulus negotiations, deadlines and expectations being pushed back the weve got 59 minutes left to go in the trading week s p 500, 16 points from a record close. Down right now, jon. Still higher on the week everyone except the nasdaq great to be with you this afternoon. We have a big show coming up to finish out the week. Were going to speak with minneapolis fed fred neel sakashkari and later, as stimulus talks grind to a halt, well speak with Maxine Waters about whether there is any compromise to be had. Plus, shell discuss a new bill encouraging the fed to use authority to close the racial wage gap in this country mike santoli is tracking the Market Action. Start us off on the broader market. You can call it resilient or fatigue or really anything a standoff here at the record high levels of the s p 500. The past four days have basic clind of touched it or been shouting distance of it. The were just hovering there. Up 3 or so month
Accelerating recently as you said and. To the moon i think ive got a nice comparison for you here i mean weve saw this billions and actually trillions of money printing recently and that the small calculation so the feds expanded the Balance Sheet by 3 trillion within a very short time recently so what is 3 trillion 1. 03 trillion dollars if you make a staple of 1. 00 coin this is a mind boggling staple of 3003700000 miles and this is a chilly. 20 light seconds high so this is actually several times the distance to the moon and this was just created out of nothing within a few weeks and thats i think the real problem which we are facing and and people are awake. Up to this problem and i think thats a very interesting time when good analogy there with the staples and all that stuff its amazing when you put these graphics and you look at them how really incredible trillions and trillions of dollars as now of course gold has been making new all time highs against just about every other cu
Prevent symptomatic covert 19 for the 1st test site to begin vaccinating is in Savannah Georgia and a total of more than 70 testing sites will be used across the country well phase one results published earlier this month showed the vaccine was generally safe and had only mild side effects this included fatigue and even muscle pain well the center for Disease Control and prevention says it typically a phase one study consists of a small number of people to see if a vaccine is safe and elicit an immune response well phase 2 is an expanded and a vaccine is given to people who have characteristics such as age and physical health and similar to those for whom the new vaccine is intended and in phase 3 the vaccine is then tested for efficacy and safety while normally it takes years to create a new vaccine scientists are working at a record pace really just hoping to have an experimental version available for Health Workers by this fall. As of a journey of vaccine which now leads the way in
And which is just in cases several nations have barred u. S. Travelers from entering their borders with dig into the details plus an airline and aviation stocks have taken a beating in the wake of the coronavirus boeing is inching closer to the come back up at 737. 00 max we have expert analysis on hand to discuss with a packed show today so lets dive right in. And we lead the program with some disheartening Economic News out of the United States new weekly unemployment claims rose for the 1st time in nearly 4 months for the week ending july 18th 1400000 americans filed for benefits according to the u. S. Labor department as states continue to roll back efforts to reopen amid spikes and coping 1000 cases new claims had been declining weekly since the peak of 6900000 jobs lost at the beginning of stay at home orders in late march now meanwhile as the krona buyers relief package in the United States is set to expire at the end of july Senate Republicans announced with. Wednesday they had