Relatively good news out of new york where hospitalizations continue to decline although there is a spike in deaths in the state. The governor is worried, outlining for folks the idea of a staggered reopening of the state. Only 45 minutes after new yorks mayor bill de blasio was saying look, it is looking like june. That the city will not be able to open up before june. That was not exactly worthy after fox news or fox business alert. No shocker there. A highranking mayor of the city was making it official all you needed to hear, wow, this whole comeback for the economy which cant get any robust way without new york kicking in is not likely to happen. So that is kind of been pulling and pushing at investors today. Jackie deangelis has more on all of the above. Hey, jackie. Reporter good afternoon. Good to see you, neil. Thats right, the market is paring the losses right now. Youre right stocks are kicking off the week in the red after a very strong week last week. Investors are cautiou
D in foreign teams dont go anywhere americas war starts right now. Many of the companies lining up d for a handout from the federal government are victims of coronavirus at all its their own fault its poor judgment joining me to talk about that is fair and cousins were going to have a discussion about this people always call and say pap you know let the guest answer the question its a discussion for those who are watching ok so so hear this this this discussion really need to center around the idea that you have corporations that knew better held back no cash held back had no plan for the future and instead took all of their money everything they got in tax benefits everything they got from the government in the stock buybacks take it from there right you know we spent the last couple decades giving corporations these massive tax. Theyve been making money hand over fist the big big banks have pulled in more money than ever airlines are doing great but instead of putting that money asid
Designed to do the stock market was invented so that corporations could get money could get this capital through an initial Public Offering and allow the risk of the company to be taken on by average people out there the corporation didnt risk losing money well they broke that rule it rages me Delta Airlines Delta Airlines they had one month one month setback for this kind of a problem theyre raking in more money than they can spend their credit line you know they havent really called on their credit the credit line is not supposed to be used for this kind of a rainy day problem the credit line is is used for things like expanding business those types of things but instead what they did as you said the the money that they have there have been great years and they were just greed piggish buying back stock trying to prop up their company make a look bigger than it actually was so. Oh now we really see what what are the Smart Companies take you take microsoft you take any of the Tech Comp
Artificially inflate their worth by buying back their own stocks which puts more money into their pockets and it ties their money up in the stock so they cant spend it on other things they cant spend it on you know expanding they cant spend it all worker raises its all tied up in this you know artificial stock that theyve created so when the market tanks they lose all their money they lose all their value and thats the exact opposite of what the stock market was actually designed to do the stock market was invented so that corporations could get money could get this capital through an initial Public Offering and allow the risk of the company to be taken on by average people out there the corporation didnt risk losing money well they broke that rule it rages me Delta Airlines Delta Airlines they had one month. One month. For this kind of a problem theyre raking in more money than they can spend their credit line you know they havent really called on their credit the credit line is not s
Testimony on russian cyber capabilities. Two top world experts, fire ceo and former director of the National Security agency Keith Alexander both familiar to you guys. Both been on my show. Theyre on the stand right now being questioned. This as Vladimir Putin said today that accusations of russian medaling are quote fiction, provocation, and lies. Lieutenant colonel ralph peters ready with his nonfiction complete threat analysis. Hes coming up. Any minute now at the white house, the president expected to receive the Prime Minister of denmark. This is a live picture of the portico. Denmark is a nato ally. President trump perhaps not making many other allies in dc, attacking democrats and conservative Freedom Caucus members at the same time today. Our Political Panel sorts out the circuit louisa hodge and how it might help or impede health care and tax reform. And, by the way, we are hearing now that Freedom Caucus leader mark meadows has just spoken out for the First Time Since that wa