From nIght one of the DemocratIc NatIonal ConventIon here In chIcago. My angle In moments. But, fIrst, well, busInesses boarded up. Welcome here. Protesters In The Streets. Celebs, a few of them mIllIng about. And there are free abortIons from a truck. Sounds lIke a lIberal utopIa to me lets go lIve now to the ConventIon Floor where Fox News senIor whIte House Correspondent Peter doocy, Is He StandIng by. Peter, what should we expect from the torch passIng tonIght . Peter laura, We Saw PresIdent BIden earlIer doIng a walk through. Just from what we could see wIth our own eyes, he seemed kInd of downtrodden. He dIdnt look lIke he was very excIted. You can see hIm on the screen rIght there, to be here gIvIng thIs speech. He barely spoke above a whIsper so, we dont have a ton of InsIght Into what he Is thInkIng. He saId he Is prepared to pass the torch. Somebody asked hIm If thIs Is a bIttersweet moment and he saId Its actually just a memorable moment. HIs team Is puttIng out the word thI
Between the two right now. And as you pointed out, the Inflation Report really is accretive to this whole story here. And so the fed themselves had said that the Monetary Policy is tight, that they want to get closer to kind of that neutral rate. And theyre going to start that in september. And so whether or not they cut, you know, three quarters of a percent or a percent throughout the remainder of the year remains to be seen. But they will be data dependent. But this definitely sets it up with todays Inflation Report. Jeff, what do you make of the concerns that there are that the us could be heading into a recession . Do you see it as a risk or a likelihood . Well, i think its a risk out there, but i dont think its for certain at this point. And what you saw was the market was a little offsides. There was a lot of crowded positioning, and essentially the Bond Market is just waiting for another shoe to drop. And although were talking about inflation, the key metric that kind of set of
Countless families. Joining me is Anna Palmer, the Founder And Ceo of Punch Bowl News and contributor. Also bestselling author of The Hill to die on The Battle For Congress and the future of trumps america. Thank you for joining me. First of all, what is the likelihood that we are going to see the 3. 5 trillion package that has been so important in the biden administration to be passed . We are far off of that as well. It seems like were slowly going towards that. Democrats have a lot of disputes internally from the progressives to the more moderates. How theyre going to cobble this together is still very unclear that contours of those fights coming together with Bernie Sanders really pushing for the 3. 5 trillion and Joe Manchin saying hed only vote for 1. 5 trillion. Thats a big difference. Theyll have to find a way to get together on those issues. What is the likelihood . Democrats have been saying they want to pass the Infrastructure Bill and Reconciliation Bill at the same time. W
Deal, postwar globalization and many more have reviewed afresh by john. The age of commerce, the age of capital, the age of control and now our own age of chaos. We find in Johns Book wholly new ideas and frameworks. These include the Core Concept of capital itself which John Fama and delete of an earlier generation of Capital Service defined as a psychological process a forwardlooking monetary valuation. Capital, john tells us, is not a thing but a process. A process through which a legal asset is invested with pecuniary value and likens its capacity to yield a future pecuniary profit. But this reimagining of the history of capitalism around the Capital Process is just the beginning of Johns Analysis picky also reconsiders the psychic attitudes that drive valuation. Not just the profit motives but an amalgam of shifting motivations shaped to keep the valuation. Imperial ambition, another white Mans Problem public, that site to make one smart in the heavy industries. The working mans d
The Search Box at the top of the page. Its my distinct pleasure to welcome you all to the official launch of my colleague Jonathan Levy new book ages of american capitalism a history of the United States. You can see several her. Just out with penguin random house in new york. Spanning for centuries it offers Childs Perspective on american political economy. Ages of american capitalism teaches us to see familiar landmarks of american history in new ways. Imperial settlements, american revolution, industrialization, the great depression, then you deal, postwar globalization and many more have reviewed afresh by john. The age of commerce, the age of capital, the age of control and now our own age of chaos. We find in Johns Book wholly new ideas and frameworks. These include the Core Concept of capital itself which John Fama and delete of an earlier generation of Capital Service defined as a psychological process a forwardlooking monetary valuation. Capital, john tells us, is not a thing