Fbn power to prosperfbn power to prosperp . Prospern wer to Prosper Network ahead i with georgia doug collins, next hour mornings wit, stay with us. Bu vo at audi, we design cars that exhilarate with versatility, whether on the track or the everyday drive. Ilosophy extends to how we connect at your door. Ether a remote test drive, audi at your door can do this and more at participa audi at your door. Ma go thanks so much f[z im mari june 17. Fbtoeast coast coronavirus cases once again aases. Good news on pandemic this promise inngatients. Federal reserve chairman powell capitays there are sig rebound in the uncertnty remains and ier n pushstimulus. Markets are higher, were at the highs of the futures indicatinge will see of yesterdays big rally. The dow 58, ands p 500 up expected retail sales yesterday fueling a rally for stock and at the close the dow inde 526 points, better thanthe nasdaq was 170 s p was up 58 yesterdayofr olice an executive order pushingor training. Emphasized thepo
This is the Woodrow Wilson house in washington d. C. , the home of our 28 president and former first Lady Edith Wilson after they left the white house in 1921, youll see more of that over the next two hours as we tell the story of the story of the two Woodrow Wilson first ladies, edith and allen. Ellen and woodrow met in their twenties and their love was reflected in passionate letters. And passioned artists and an intellectual companion, she adopted causes and set an example for future first ladies. Ellen wilson died in the white house a year and a half into the president s term. The grieving president soon met washington businesswoman edith galt through a mutual friend. They married after a series secret courtship, and she served as first lady for more than five years. Her unprecedented role in managing the president s affairs after the president s stroke remains one of the most controversial elements of any first lady. Welcome to the continuing series, first ladies, influence and im
Any precipitous policy, at least not at the present time. How much more shock can this market take before theres longterm effects on the economy . What do you think . Look, the market the markets had a shortrun correction, and i guess its 10 or 11 or something. Weve been through this many, many times before. And i dont think even though its frontpage story and nobody likes to see their asset values go down, i just dont think at this point its going to have much of an impact. I will qualify that, depends how long this lasts, how deep it goes, but i could cite a number of historical experiences. The one i remember the most, i was a cub scout way back when, and i remember the 1987 market crash and i remember president reagan going out and saying the economic v economy is fundamentally sound, and it actually grew by 3 or 4 in the next couple years after this crash. President trump said it in this room two nights ago, we just think the economy is sound, and therefore i just dont think this
Im not saying the market is wrong, it is what it is. You know, youve got millions of people trading all around the world. I just think everybody, whether youre an investor or whether youre, you know, ordinary, main street person, people should not overreact. Thats an important thing, to not overreact. This is in america we have an incredible Strong Public Health stu the d as i said to president has taken rapid fire, unprecedented actions to help protect in the event of emergency or, you know, further deterioration. I think these are very good things. Very constructive things. Reporter numbers on wall street for several days that the president would consider more extreme measures to respond, potentially even up to suspending the tariff on china as one emergency measure due to the virus. Is he considering that or any other measures . Mr. Kramer theres nothing definite i can report. Theres a lot of conversations in and out of the oval office. I was with him yesterday for quite a while tal
Turnaround. Thank you. Can we ask you a few questions . Think the markets overreacting . Oh, you know, youve been in the market so long one way or another, wall street, government, fed, Broadcasting Markets the market. Is, my reading of the numbers that we have in i acknowledgein, this could change and i couldledge the situation deteriorate and i acknowledge the risks. But given what we know factually, looks to me like the market has gone too far. And it canhis before come back very rapidly. Im not saying the markets wrong. Is. S what it you got millions of people trading all around the world. Everybody,think whether youre an investor or youre ordinary, mainstream person, people should not overreact. Thats important thing, not overreact. Is we have an incredibly Strong Public Health system and as i said to stu varney, the rapidfire,s taken unprecedented actions to help of emergency event further discrimination and i deterioration, and i think things. Very good moree president consider