society in general has actually quantify how much just how much of trillions of dollars has been transferred to the top one percent who own the vast majority of stocks and bonds so how much of the stock market s rise over the last 11 years is due to q e here is an estimate the s. and p. $500.00 would be trading closer to $1800.00 without fed bond buying says society in general right now is at $3500.00 it should be at $1800.00 if it weren t for the fed buying up all the basically the bad assets off the banks balance sheets this has a lot of implications ok so without the money printing the markets would be 5060 percent lower that s point number one point number 2 is that asic until in fact that means that myself i own stocks bonds and gold and because that means that the markets exist as a transfer mechanism so the fed can t just print money for me individually they print it so that executives buy back their own stocks of stocks that i own in the night benefit accordingly and
and new view from the top. only on cbs this morning, we go inside a major new upgrade of the empire state building, giving visitors a soaring new perspective. when you were down there, wait until you get here. plus, how the iconic skyscraper has shaped american culture. it s friday, october 11th, 2019. here s today s eye opener, your world in 90 seconds. the whole entire sky was red and orange, and there was smoke everywhere. it was just crazy. wildfires rage across southern california. this as criticism grows over power management. what s happened is unacceptable. a powerful snowstorm is roaring through the great plains and the central rockies. in colorado, snow and freezing temperatures turned the roads into a mess. i thought we d getting a dusting. this is a lot more. i don t know about them. i don t know what they do. the president denies knowing the two business associates of his attorney rudy giuliani who finance violations.ampaign buckle up.
sponsors and if you look around the room, you should see signs and we will put them up during the day but without these wonderful people, we would not be able to do this. triple creek ranch, the graham corporation, tiaa, insignia, hartman, pace communications, kelly services, thank you, carl for everything you do, the independent women s forum, arizona state university, the aerospace corporation, and the [inaudible] [inaudible] and the thunderbird school of global management and the national aeronautics association. our sponsors, let s give a round of applause for all our sponsors. we have a terrific lineup over the next two days. we will have conversations on the new administration and congress s first 100 days, we will look at the prospects for bipartisanship or as we heard earlier, bipolarship. the outlook for tax reform, immigration, infrastructure, a few little issues we are dealing with as a country. we will take a step back from public policy and discuss issues of corp
hartman, pace communications, kelly services, thank you, carl for everything you do, the independent women s forum, arizona state university, the aerospace corporation, and the [inaudible] [inaudible] and the thunderbird school of global management and the national aeronautics association. our sponsors, let s give a round of applause for all our sponsors. we have a terrific lineup over the next two days. we will have conversations on the new administration and congress s first 100 days, we will look at the prospects for bipartisanship or as we heard earlier, bipolarship. the outlook for tax reform, immigration, infrastructure, a few little issues we are dealing with as a country. we will take a step back from public policy and discuss issues of corporate governance policy which has been a long focus of cd and our colleagues at the host it.e will we honor ambassador barbara barrett and we will present her with the leadership interest award followed by a conversation with barba
record books. and there s no debate this harvard coach is helping students find their voices. this is the cbs weekend news. oliver: good evening, i m meg oliver. tonight, rescue crews are searching for survivors after a building collapse in new orleans. it was a terrifying scene. part of the hard rock hotel came crashing to the ground. the building that sits in the outskirts of the city s famous french quarter was under construction. workers nearby were seen running for their lives. tonight, at least one worker is dead and two are missing. kenneth craig now with the dramatic video and the aftermath. reporter: huge sections of the hard rock hotel came down with a thunderous roar. oh, my god! reporter: pancaking floors on top of each other, sending debris flying on to the road and people on the street running for their lives. the hotel, under construction, gave way without warning, crumbling several floors just after 9:00 this morning. get to the back. get to the ba