Kimberly she is the editor and senior columnist at the black gender report as well as the author of the book prejudicial black america and the president s are right cross up rules in effect that means you can jump in anytime you want and i always appreciate it ok lets 1st go to margaret here in my introduction i said that race always trumps class and if you look at Mainstream Media particularly the liberal media that is the message you get over and over and over again now were remarkably we actually are still in the middle of a pandemic. Tens of millions of people have lost their job weve seen acts of congress and the inaction of a president the people that have the most money are protected and now we have this horrific death of george lloyd which i think it was very i was very pleased that there was a universal virtually universal reaction to this this is this was an atrocity but that seems so long ago when we think of the. The riots and continued protests and the actions of the presi
Horrific death of george lloyd which i think it was very i was very pleased that there was a universal virtually universal reaction to this this is this was an atrocity but that seems so long ago when we think of the of the riots and continued protests and the actions of the president here but the messages are always on race and i think thats misguided because at the end of the day this is a class issue it always is a class go ahead. You know in the in the u. S. Race determine what class one is in we can theres no clean dividing line in this country and floyds death is something that happens every day to a black person by the way every day to 3 people in this country an average of 3 People Killed by the police and racism is a big part of that so this story begins with. Racism and racism thats practiced all the time mostly against black people but i think the reaction to it as you say they were both in was universal and i think the protests obviously were sparked by his killing but i th
Hello and welcome to crossfire where all things are considered im Peter Lavelle the spiral downwards depending on who you believe in the media the civil unrest in america is the result of systematic racism this explains protests and rioting but does it the commanding heights controlling the Financial System the media and the Business World are loath to admit it its the economy stupid for them race always trumps class. To discuss this and more im joined by my guest Jason Nichols in l. The cut city is a professor of africanamerican studies and in new york we cross to Margaret Kimberly she is the editor and senior columnist at the black gender report as well as the author of the book prejudicial black america and the president s all right cross up rules in effect that means you can jump in anytime you want and i always appreciate it ok lets 1st go to margaret here in my introduction i said that race always trumps class and if you look at Mainstream Media particularly the liberal media tha
This is not hitting the economy. The fact that you have Stocks Holding in tells you some traders believe that right now the civil unrest is unlikely to hit the corporate profit outlook we are always talking about. However, if there is an unfortunate effect from covid19 because of the proximity of protesters, that could be in uncertainty. The other Factor Holding stops around flat is the fact we have the financials that move into the cyclical sectors once again happening. The stayathome sector trades off. What is amazing is the 10 year yield had been down a little bit earlier, right now about flat. Investors are not worried about this fundamental picture we are seeing, the social unrest youre talking about. Lets see whether or not that changes. David pick up something you mentioned to me earlier. How much of this is a weakening dollar . Abigail all of this is the dollar. That is a mark of quantitative printinge money that jay powell spoke about not that when theo dollar makes risk asset
The u. S. Revised down its revised forecast for this year and next. The outlook for automakers in a postvirus world. We look at the prospects of japan the boss of lamborghini. Shery breaking news out of south korea. We are getting the Unemployment Rate for the month of april, coming in at 3. 8 . This would be below expectations of more than 4 and at the same level than in the previous month. South korea of course has implemented big fiscal measures, not to mention the relaxation of social distancing measures and president moon jaein asking his ministers to swiftly draw up a third budget. He has announced something of a korean style nodeal with statement investments, and we are seeing the south korean Unemployment Rate at 3. 8 , the previousl as in the month as south korea continues to battle the coronavirus pandemic. That seems to have restarted and regained some momentum with those infections around nightclubs in seoul. Lets turn to Sophie Kamaruddin in hong kong for a check on the ma