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Transcripts For RT Boom Bust 20240712

We take a deep dive on the issue with a packed show today so lets dive right in. And we lead the program here in the United States is the nation has once again set a record for a new daily cases of the coronavirus now officials reported more than 77000 new cases on thursday breaking the record for a single day surge by more than 10000 according to data from John Hopkins University now more than 900 deaths were also reported on thursday during an interview with facebook founder Mark Zuckerberg the nations top Infectious Disease specialist dr anthony spoke about following guidelines to do everything in our power to limit the spread of the virus. Youve got to do wood correctly you cant jump over steps which is very perilous when you think about rebound and ....

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Transcripts For BLOOMBERG Bloomberg Surveillance 20240712

Is really iffy. Jonathan for the Federal Reserve, it is the shift from the realization to accommodation. Everyone has spoken about this, that today is too early to announce forward that to announce Forward Guidance. Tom i totally agree. A giant of the richmond fed made very clear, steady as they go is what we will hear from chair powell. Jonathan what an agenda this wednesday down in washington. Lisa we are talking about the big four tech companies, all of the ceos testifying in front of an antitrust committee of the house. Republicans on one side questioning them about stifling republican voices. On the others, questions about stifling competition. The president is traveling to texas to talk about energy dominance, with just three days left until the federal Unemployment Benefits go out of effect. Jonathan loo ....

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Transcripts For BLOOMBERG Bloomberg Surveillance 20240712

We spoke this morning and we dont know how much they are paying for this vaccine supply. We dont know whether they will have the right vaccine so many questions on how administrations and i ministers at access to vaccines for their citizens. Tom the virus dynamics are just particularry, make note of the glide path of texas and south carolina. In new york city with our first word news here is ritika gupta. InsistsMitch Mcconnell that businesses, schools, and other organizations be protected against coronavirus lawsuits which is talking down talks over a new stimulus package. Changes inding that Liability Law be included in the legislation. House Speaker Nancy Pelosi says that shows he is not serious about a deal. Federal reserve policy makers will focus on how to jumpstart a rebound from the recession. Almost certai ....

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Transcripts For BLOOMBERG Bloomberg Surveillance 20240712

My radarhich means is up. Francine lets get to first word news with ritika gupta. Ritika Mitch Mcconnell insists that businesses, schools, and other organizations be protected against coronavirus lawsuits, and that has bogged down talks over a new stemless package. Demanding that changes to Liability Law include wholesale in the legislation. Nancy pelosi says that shows he is not serious about reaching a deal. Federal reserve policy makers will turn their attention on how to jumpstart a stronger rebound from their sessions. They are all but set to keep their benchmark overnight rate unchanged when they wrap up their meeting today. The fed releases a statement at 2 00 p. M. New york time, Jerome Powell holding a News Conference 30 minutes later. Telln
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Transcripts For BLOOMBERG Bloomberg Surveillance 20240712

Yes, a fed meeting at 2 00. None of it matters. What matters is the drama, the guys fromof four Silicon Valley lined up in front of congress. And oh yeah, the stimulus. What has your attention . Jonathan funnily enough, the Federal Reserve, but only because somebody people are playing it down. A lot of people have shaken their head. What was the last three months about . We are about to see a shift away from the accommodation we have seen towards much more Forward Guidance, and the commitment, the shift in the reaction function to formalize that commitment to low for a whole lot longer, and i think that its important. Tom the queen of the xaxis, lisa abramowicz, is here. Are we going to go out to 2023 today . Lisa the question is where. Are we talking about the front end . Clearly they are not going to raise rates any ....

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