Tiktok is said to be making contingency plans for a u. S. Shutdown, joining microsoft to challenge a bid from oracle. Australia winds up turning season like never before with a recession and record government stimulus. Lets get you started with a quick check of the markets. We are seeing u. S. Futures opening slightly higher. This as we had another record high in the u. S. With the s p 500 soaring for a fifth consecutive session. We have financial and real estate sectors being the biggest gains. We have banks benefiting. Treasury yields were higher. We had the yield curve widening. Powell chair jerome speaking at jackson hole, conveying a dovish and more relaxed approach. Higher yields leading to the dollar rebounding. U. S. Weekly jobless claims remaining above one million. Not to mention the economic gdp numbers contracting slightly less than forecasted due to oil prices looking like this. About 43 ag barrel. We had oil declining through the new york session as laura barreled into lo
Minutes or so but we will take questions from the audience. If you have a lot of questions we will cut the check shorter and go to your questions. For those of you joining us soon it would be great if you could write your questions in the queue and a window and for those joining via youtube live, those questions will get to us. Please start writing those questions especially if you had the privilege pleasure and privilege of reading economics. Lets get started. I love this book, really provocative and fascinating. You mentioned in the book, the work is intended to restore economics over angrynomics. What does that mean . His life goal was we figured out how the world works, such a thing that it is like a root canal. Painful, you fix it. Nothing special or spectacular. Becomes part of the process and to engineer the world in that way. A world that seems to make more and more people angry and the motivation, it has never been retro. And and in the lockdown protest. Then we have racial st
Thousand. U. S. Infections rise more than expected. Asia, a second wave is coming. Japans biggest banks are expected to join their global counterparts in bad loan costs. They could see the highest in a decade. Take haidi lets take a look at how we are setting up our final friday session. Positively from wall street after a pretty volatile session. U. S. Stocks faltered early on when President Trump said he was not interested and did not want to speak to xi jinping about the simmering trade tensions. In the beatendown bank stocks as well as energy names gaining on account of this jump we saw in crude prices. We are setting up positivity. Futures, both in australia and hong kong, and also in japan, setting up for a higher open, sophie. Ishie President Trump ratcheting up tensions with china amid the coronavirus and trade war. This is what he said about talks with xi jinping. Pres. Trump i have a very Good Relationship but i just, right now, i do not want to speak to him. There are many t
Inaugural getting to the point by zoom, we have an absolutely phenomenal first guest and it is chairman richie neil, chairman of the house ways and Means Committee. Chairman neil is not only a great friend to this institute, he was a wonderful, marvelous friend of senator kennedy. We are so thrilled to have him. Is involved not only in the code response but through his health house ways and Means Committee on every thing that impacts families and the compassionate response to the Covid Response to working families in the commonwealth and around this country. He has been working diligently on the cares act that was recently passed. He will talk to us about that today and we cannot wait to hear about it. We are so thrilled to have Stephanie Murray with us today. We open our inbox and read stephanie and politicos playbook every morning. Thank you for being here. I could go on and on about chairman neil. I want to kick it over right now to hear from him and hear from stephanie and think yo
Working families in the commonwealth and around this country. He has been working diligently on the cares act that was recently passed. He is going to talk to us about that today. And we cant wait to hear about it. Were so thrilled also to have Stephanie Murray here with us today. Readl open our inbox and stephanie on politico playbook first thing every morning. Stephanie, thank you for being here. Aboutd go on and on chairman neil and im not going to because i want to kick it over now to hear from him and hear from stephanie and thank you all for joining us today via zoom. Stephanie good afternoon. Thank you so much to the Kennedy Institute and for everyone who is joining us this afternoon. In q2 congressman neal for being so generous with your time. My name is Stephanie Murray. Im the author of the political massachusetts playbook. It is my pleasure to be here, especially to kick off this new version of the institute form as we get used to our live online. Im glad to be here with you