In and we are thrilled to have governor hutchinson here to join us at stat solutions to talk about the stuff in washington. Prior to winning the governorship a dea administrator undersecretary Department Homeland security during george w. Bush. So thank you governor for joining us. We have a lot to cover so lets get started. I that we would start with trade and talk about phase 1 china trade deal. Trade is a special concern in arkansas where manufacturing is crucial. What are you hearing from manufacturers and exporters and farmers about the phase one trade deal . How are people reacting to that and are they happy with the terms quick. Very positively they are reacting to the phase one trade agreement. To put into perspective, arkanasas is the home of Walmart International company that has huge investments in china, a big market for them, tysons food from arkanasas is in china, but also we produce 50 of the rice comes from arkansas so the soybean and rice market is very important to ou
Kaiser this is the kaiser report well we learned recently that you dont need workers to make the stock market go higher than our learning banks of the coronavirus dont need products either they just need money printing wow cool stacey yes because as we have said over and over and over here on kaiser reports bad news is the best news of olive course you would think that a pandemic would hit stock markets and of course there was that those a few headlines saying oh coronavirus are coded 19 this is called technically or medically you know they said well this ought to hit stock markets because its going to hit globalization is going to hit commerce its going to hit trade so every time somebody says this could be bad or do they say oh of course jay pal at the u. S. Federal reserve hes going to cut Interest Rates hes going to flood the market with money the kind of problems that this week but here is the headline coronavirus rally continues s. And p. 500 index at yet another all time high th
Big queen embassy here in mexico city you can go to their Facebook Page you can go to twitter look them up big queen embassy in mexico city and youll find his stand up rage there it was amazing they also gave me this big coin necklace made of real mexican silver so you know speaking about this bed and the fed printing money so were here having another pandemic around the world and the top 0 point one percent who own most of the shares theyre rallying theyre happy theyre excited because any bad news for the people is good news for them and in fact jay powell says it has been a particularly good time to be at the top of the income spectrum of course he would know well its a tax you know printing money is a tax and if you make the analogy to the middle ages and feudal lords they would tax people and till they. Are you living in a service and here you have a minimum consumption requirement as long as youre spending 5 or 10. 00 a day on plastic or plastic food or junk or what have you you c
Rally continues s. And p. 500 index at yet another all time high there used to be something called the Business Cycle where you know the labor for example if their cost would get too high then the central bank would step in and they would take an action to cool things down except her but this environment is a one trick pony no matter what the news is good news bad news i mean it doesnt make any difference the question was was the coronavirus going to be bigger than the ability for Central Banks to print in excess of what the estimated cost was that was almost the equation from day 1. 00 so the fact that its a pandemic youve got all this infection youve got factories shut down it does it hasnt shut down the Central Banks of one of the subtle baggers like jay powell came down to corona virus that would be different. And he is insulated so therefore there will be no end to this rally i might add by the way we are in mexico city so welcome to mexico city this is where we are we were in can
Cool stacey yes because as we have said over and over and over here on kaiser reports bad news is the best news of all of course you would think that a pandemic would hit stock markets and of course there was that those a few headlines saying oh coronavirus are coded 19 this is called technically or medically you know they said well this ought to hit stock markets because its going to hit globalization is going to hit commerce its going to hit trade so every time somebody says this could be bad or do they say oh of course jay pal at the u. S. Federal reserve hes going to cut Interest Rates hes going to flood the market with money kind of problems that this week but here is the headline coronavirus rally continues s. And p. 500 index at yet another all time high there used to be something called a Business Cycle where you know the labor for example if their cost would get too high then the central bank would step in and they would take an action to cool things down except her but this e