Entire party further to the left . To get a sense of that, we welcome someone with vast experience on wall street as well as in washington, he is Ralph Schlosstein, cochairman and coceo of evercore. Great to have you with us as always. Youve described yourself as a fiscal conservative but a social liberal. Side, fiscal conservative are you concerned joe biden is tacking to the left to make sure he keeps the bernie brose with him . Ralph not really. If you look at Vice President bidens record in the senate and when he was Vice President to squarely obama, he is in the left center of the Democratic Party, the center of the Democratic Party. E is a procapitalist his selection of Kamala Harris as a Vice President , who while i also believe is procapitalism, sets of course which i believe is a right course for the country. Commitment to private enterprise , but also a more balanced distribution of wealth and access to health care and education as more of a right in our society than a privil
Points, of course we had 74 earlier in the week sort of reflects that. It does indeed. Lets talk about it. They join us now to break all of that down. Good morning, guys. Good morning. Tobias, your target for the s p in june 2021 just a bit higher than where we are right now. 3160 given that, how should investors be positioned . Is it just a matter of averaging back in if youre not in the market and doing it cautiously or what do you expect . So i think you just put it perfectly and cautiously using that terminology i think the market right now is a bit ahead of itself so i think its a bumpier road Going Forward in the nearer term four key issues to worry about, one the unemployment numbers, how quickly they come back the fact that most of us will probably be somewhat in terms of practicing social distancing not going back to normal until things like vaccines, commercial industrial lending standards data suggest tightening of Credit Conditions which usually means no big bounce really i
Quorum call ms. Cortez masto mr. President , i rise today in opposition to it the nomination of lawrence van dyke to serve on the United States court of appeals for the ninth circuit. Mr. Van dyke fits neatly into this administrations pattern of picking federal judges for our Circuit Courts of appeal without meaningful input from home state senators. The president continues to select ideologically extreme nominees like mr. Van dyke, and the white house is putting forward people without enough experience for the momentous roles they have been chosen to serve. Mr. Van dyke has been nominated to fill a nevada seat on the ninth circuit, even though hes not a nevadan. He didnt grow up in my state, he doesnt appear to own property there, he doesnt seem to have family ties, and he was only an active member of the nevada state bar for two years. Senator rosen and i engage with the white house to put forward highly respected nevadans with bipartisan support, but our suggestions were summarily i
Ladies and gentlemen, coming. Our topic today is medicare, the largest care player in the american, a huge growing federal entitlement. And a little more than ten years, medicare will increase in enrollment from 65 million to nearly 80 million enrollees and total Program Spending will double today, roughly. Its 1 trillion. And within ten years it will be nearly 2 trillion. At the same time, medicare is changing. Today, half of all seniors are enrolled in Medicare Advantage or a system of private coverage, which is the alternative to traditional medicare. And Medicare Advantage is a defined contribution. And what that means is, is that the government makes a contribution on behalf of a beneficiary to the beneficiary chosen plan. Given current trends, Medicare Advantage will soon be the dominant form of medicare. The question before the house and before the nation is a very, very big one. That is, how do we provide high quality medical care to a huge and, rapidly growing older population
Largest care player in the american, a huge growing federal entitlement. And a little more than ten years, medicare will increase in enrollment from 65 million to nearly 80 million enrollees and total Program Spending will double today, roughly. Its 1 trillion. And within ten years it will be nearly 2 trillion. At the same time, medicare is changing. Today, half of all seniors are enrolled in Medicare Advantage or a system of private coverage, which is the alternative to traditional medicare. And Medicare Advantage is a defined contribution. And what that means is, is that the government makes a contribution on behalf of a beneficiary to the beneficiary chosen plan. Given current trends, Medicare Advantage will soon be the dominant form of medicare. The question before the house and before the nation is a very, very big one. That is, how do we provide high quality medical care to a huge and, rapidly growing older population, often at a cost that is affordable not only to seniors, but a