Covering the fact that you know hes directly responsible for this erosion of price discovery of you know free speech essential he is hes like the tyrant of the markets he doesnt allow Free Speech Free price discovery free markets thats absolutely right he is censoring the machinations of capitalism which weve doubt the weekends and gives us only the winners so that we may become glorious in our quest to dominate the Global Economy but because of the printing thats going on in the bailing out. Of the we can still weakest amongst us in Corporate America what happens is the vibrant new small to Medium Enterprises are pushed aside if they dont have access to credit and the worst behaved myths the albatross the no good mics are flooded with cast to do more bad things exactly so here he is warning the Small Business is going to be doomed of course investors love that because just like Warren Buffett he likes most he likes only copleys he only invest in those like if if you could force the pr
Package. The merger between psa and fiat in a move that could force more concessions from the auto giants a new designated driver. Replacing the head of vw brands as the automaker battles with unions over cost cutting plans saudi arabia will no longer cut Additional Oil they say demand is thriving. With we have no whatsoever for lack all of us in the whole World Oil Market have no stomach whatsoever for any type of laxityies. A warm welcome to street signs. European markets have been open about an hour now. It has already been a choppy session. We open in positive territory. Now the main benchmark is down 0. 4 yesterday, the main benchmark dropped 0. 3 what was remarkable was the fact we saw the final recession word enter the mix. Declaring the United States has officially entered a recession just as the nasdaq hit a new record high and raised all losses for 2020. Major difference for what we are seeing in Financial Markets and what we are seeing in the real economy. Begging the questi
Spending and chicago pmi fed chair with alan blinder in a few moments. Steve liesman will give us a curtain razor on that. Hey, steve. Good morning, carl. Yeah, were wondering whether powell continues a cautious tone, much more cautious tone than the market seems to embrace and in a way his cautious tone seems to give the market a green light because it means more stimulus or the fed being around for a long time here among powells concerns hes expressed in the past that the employment and growth rebound could take longer than it anticipated, some businesses wont survive the downturn, a possible second wave of the virus and the stimulus will run out and think about more stimulus on the other side you can see the effects of the stimulus carl alluded to in the income and spending numbers this morning. Quite astonishing. Every one of the numbers youre about to see are historic, never been there before. 11 month to month rise in income well tell you why that happened in a second. 13 month t
The hardening of the peoples money in a time of hyper softening of money of infinite feel it and who steps into the rink into the big coin rink with all of the arguments that weve been making for the past 09 years about bitcoin here on this show well Paul Tudor Jones buys the queen with reminder of gold in 1970 s. Maclin best for Paul Tudor Jones is buying big coin as a hedge against inflation he sees coming from Central Bank Money printing telling clients every mind him of the role gold played in the 1970 s. He says quote the best profit maximizing strategy is to own the fastest horse this is incredibly big news Paul Tudor Jones is a seminal figure in the Hedge Fund Industry in the money manage an industry going back to the early 1980 s. Even before and hes got about 40000000000. 00 hes got a position now and because in the low Single Digits we know that typically his style is to scale into a position so i expect him to be 5 or 10 percent of that plus he is the ultimate alpha dog in t
Archives. Visit booktv. Org for a complete schedule. And we now kick off with Professor William darity and Kirsten Mullin with their thoughts on reparations for africanamericans. Good afternoon, im director of the hutchens center on fiscal and Monetary Policy at the Brookings Institution. We gather here this afternoon virtually because of the covid plague to talk about reparations for africanamericans for the descendants of slaves. We planned this event before covid19 and, of course, william darity and Kirstin Mullen wrote the book long before covid19. Its worth noting that the coronavirus seems to be afflicting blacks much more than whites. Theres a piece in the journal of the American Medical Association which points out that more than half the covid19 cases in chicago and nearly 70 of the deaths involve black individuals although blacks make up only 30 of the population. Theres a story on the front page of the Washington Post today about contrasting the intensive care unit in afflue