Senior counsel at omalley and myers. He serves as a National Security advisor for obama and also headed the obama biden transition of he is a veteran of many democratic campaigns and of course serves on multiple. [inaudible] steve hadley served as the National Security advisor for resident george w. Bush from 2005 to 2009. Hes a deputy from 2001 to 2000 vibrant he is now a partner in a great little Consulting Firm called. [inaudible] also the chairman of the u. S. Ip and involved in just about as many bipartisan causes as one can be in washington d. C. So thank you steve for all the bipartisan work that you are doing. And here to interview both of them we have jim shoot a which is achieved National Security correspondent, we all see him on tv throughout the middle east and the arctic. He has a book out coming out next week with his virtual book tour called the mad man theory which i just looked at online jim and it looks fascinating although not a very relaxing beach read. But we all l
Be part of the National Conversation through washington journal. Cash washington journal. Announcer cspan, brought to you today by your television provider. Next, former National Security advisors Tom Donnellan and steve hadley speak at the aspen security forum. They outlined the main threats to National Security and discuss coronavirus. And, u. S. Policy towards china and russia. This event was held virtually and is about 45 minutes. I will start with a quick introduction. There is tom, hello. Thank you. There is steve. How are you . Introduction, he is currently chairman of Blackrock Investment institute and senior counsel at he served as National Security advisor to barack obama and headed the obamabiden transition. He is a veteran of many democratic campaigns. He of course serves on multiple served as the National Security advisor for george w. Bush from 20052009. Deputy from 20012005. He is now partner at a Great Consulting firm called the chairman of usa ip and involved in just a
There is the fear of less demand, which will certainly happen if parts of the u. S. Economy perhaps do not go under lockdown but some sort of shutdown. Decca dampened Economic Activity. As well as the demand for consumers and the like. We have bonds higher with a 10 year yield, down five basis points. What makes this so interesting is, over the last few weeks, it felt like it has been risk on. That is not the case. Markets are onto this. The last couple weeks have been risk off. The s p 500 is down over that time period, the yen is higher, and tensions are subtle to the touch, but when we are moving toward risk off, there may be obvious catch for stocks ahead, pointing to the idea that july could be a bit difficult, especially if the Second Quarter Earnings Period turns out to be more difficult. Stay tuned but certainly a risk off day within a risk off week. At this point, much of june is risk off itself. All of this on the worsening virus data in the u. S. David just what we need is a
And the board will be talking about that as well and also about this change coming this weekend marty thank you all right, dave, thanks a lot, lets get to our top story this friday morning. The u. S. Has seen a disturbing trend in new Coronavirus Infections on thursday there were more than 37,000 new cases reported. And thats a new single day record. According to Johns Hopkins University Hospital there are currently over 9 million cases around the world. And 489,000 deaths in the u. S. There are over 2 million cases and 124,000 people have died from the virus. But over 663,000 have recovered from covid19 here in the u. S. There are at least 30 states reporting an increase in cases and new mexico, arizona and texas are pausing their reopening plans because of the increase. Here in the bay area there are over 21,000 cases and over 550 deaths we continue to see the most cases in Alameda County with over 5300 infections. The virus has hit hardest though in Santa Clara County which has 155
Or delayed their plan phase reopening. In texas reversing that saying it must force bars to close today and only remain open for takeout and delivery, that saying that restaurants with indoor capacity right now, lets cut it down from 75 they have been getting used to but the last couple of weeks to 50 and anything to do with rafting and tubing, that stops immediately. So those actions, reversing earlier actions, the first time we have seen it got the markets attention and the fear that other states that have seen a similar uptick in cases with the real test availability and we might do the same. We have gotten hints out of florida that maybe that could be the off thing but that is way too soon to tell. Again, the drill on wall street, you sell first and begin to ask questions and get clarification later. We are also waiting to hear from the president s Coronavirus Task force, we have not seen them in a public setting like this in almost two months, theyre gonna be speaking again were t