So that is pretty evenly split, actually. Theres certainly quite a lot of recognition that Central Banks need to think about new toolkits. We are going to go to some questions now, but if you want. O use the platform to submit i think larry gave an excellent description of what the core problem is that the developed world faces, that there is a glut of saving and a , and it of investment really means that we have to have fiscal policy, structural policy, and things other than. Ust relying on Central Banks i think Central Banks need to do what can come about they can. Adopting a system called flexible average inflation targeting, i think this is an appropriate change. Somewhat improve the scope of Monetary Policy to show that shortterm Interest Rates are often constrained by the effect of lower bound. I think it is helpful in preventing a cycle of falling inflation feeding falling inflation expectations, but i strongly believe Central Banks need to be independent and need to do everythi
A stampede in im gonna start off with thousands of people gathered to apply for visas to. Thailands Prime Minister suggests list an emergency decree thats done little to stop a growing protest movement. And a nasa spacecraft grabs a handful of cosmic rubble from an asteroid to bring back to earth. And. The oldest sport Manchester United. Mine the Champions League at the red devils its going to late 2 into one in paris. Thanks for joining us we begin in nigeria thats where protesters against Police Brutality are defying a 24 hour curfew and a call for calm by president mohamed to bihari. Security forces and lagos opened fire. Fire on wednesday morning after several demonstrators were reportedly shot dead on tuesday in another part of nigerias commercial capital a large fire burned at a bus station. These videos are emerging of many uniform opening fire and killing people in lagos on tuesday but Security Forces are denying any involvement. Lets bring in a disease for an update hes joinin
Leads tributes at a memorial for a teacher who was beheaded in paris last week. A round the clock curfew in the nigerian city of lagos after reports demonstrators were shot on tuesday. And they calling on the year of a special need for Young Workers at the polling stations for this years us president ial election. Hello everyone there is a crisis that has overcome so many communities in the United States in addition to the corona virus pandemic it is the fight against opioid addiction and the u. S. Justice department has in the past few hours announced that the drugs manufacturer. Has pleaded guilty over its role in the countrys epidemic in a deal with the u. S. Governments the company is pleading guilty to 3 federal criminal charges and will pay a fine of 8300000000. 00 the owners of the wealthy family have been ordered to pay 225000000. 00 in civil penalties. They lost control and ownership of a company that was worth very significant amounts of money they will have no future involve
Good afternoon, i am michelle. Lynn has the afternoon off. A live look in washington now where treasury secretary, steve, and House Speaker nancy pelosi are said to be speaking this afternoon. The director of the National Economic council says President Trump has approved a revised stimulus package. He spoke about what may be on the table, calling it a breakthrough. What you got here is the bid and the offer. It has narrowed substantially in wall street terms. Reckon th key asks, namely Small Business ppp extension, we need some backup on the unemployment assistance, i think it is going to include that. The president approved it, i am going to guess because it will include the economic assistance direct mail checks, i think that will be in there, and i think airlines will be in there but i dont want to go any further than that. So far, the Speakers Office is declining to comment and Senate Majority leader, Mitch Mcconnell says congress is unlikely to deliver another big relief bill, be
We were up 259 earlier. S p 500, as you can see, it is up more than. 5 . We just came off the best sixmonth performance for the s p actually since 2009. Youve got the nasdaq higher right now, up 1. 5 . All of this, were watching. Were watching washington. House speaker nancy pelosi, treasury secretary Steven Mnuchin are continuing their discussions over this coronavirus stimulus bill that could pour trillions into the economy and help airlines, Small Business owners and the unemployed. We will have up to the minute details on the state of negotiations as they go on right now in washington. Then the travel industry is desperate for help from congress as a new study says the Hotel Industry might not be able to hold out much longer. One of the nations top hotel owner operators is here to tell us how his company is handling these challenging times. Hes here in a fox business exclusive. Meanwhile, pepsico is popping as people lock down at home during the pandemic, turned to its snacks and d