Edition of Morning Joe. We hope you are enjoying your Labor Day weekend. Were on tape this morning bringing you some of our best discussion from the past two months, and we start today with our conversation the morning after Kamala Harris accepted her Partys Nomination for president on the Last Night of the dnc in chicago. Willie, you obviously are in chicago. Describe the scene if you will, because it is awfully hard you know, debates, ive heard one journalist after another say never try to judge how a debate turned out, president ial debate, when you are in the room. It is quite the opposite at a convention. You could walk into a convention, you can be watching it from you know, you had the Bob Uker seats which are usually the best seats to stand in, take it all in and say, okay, what is the state of this party. What is your answer to that . Youre right. John and i sat in section 315 Last Night eating those blackhawks and bulls nachos. Yummy. A pretzel with no salt. We really had the
Change his mind about approval. Latery powell will say that the u. S. Economy is improving, but has a long way to go before fully recovering from the virus. The st. Louisrom fed president this hour. Haidi investors are waiting to hear from fed chair powell. But we know the gist of what he is likely to say given that the commentary has been around how recovery will be, managing expectations. The recent fairly positive data points we have gotten. S p active futures after the session overnight really erasing some of those earlier losses as well. Some of the gains we have seen trading flat at the moment. U. S. Stocks fell. Could have been worse if not for that rebound in tech shares stemming the losses. It did get close to that threshold to be considered a market correction. 0. 1 ires down by should say by 1 at the moment. Japanese markets are closed for a second day this week for the autumn equinox holiday. ,ydney futures down by 1 trading in new zealand down by 0. 1 . Victoria has come o
Continues in solidarity. We will have the latest. Global stocks rally, and then filing just a little bit as we count down to jackson hole and the highly anticipated speech by the fed chair, jerome powell. Here is the state of play. European stocks a little bit lower, dragged down by rollsroyce, in particular, with record highs throughout the week. 68 basis points. We look at that later in the day, we might get more traction. Space, if you are looking for a quiet complex, it is the currency right now. The movement is contained, the dollar barely halting a loss. Wti, at the moment, just barely below the flat line. High, whereemonth they are looking out for live images from the area to get a better sense of the potential damage that might be inflicted. Morgan stanley says the extent of the impact on oil refining will be evolving in the coming weeks with the risk of higher or extended outages, mandatory evacuations in place in some of the coastal areas. You are looking at live pictures now
He said christ report fake customers in the restaurant an illusion of demand theres a kaiser report analogy in there somewhere and he was referring to an arty headline that one german restaurant has found a solution to maintaining social distancing on his reopening manikins a family run businesses fail tables with plastic people in order to keep customers apart and create a vibrant dining atmosphere that is not creepy at all no not creepy. No its like that film airplane remember if they had to blow up pilots. Yes my ear. Yeah all kinds of mr fall out catch that film very missing well yes the potemkin villages in Northern Ireland during the crisis make it look like stuff was going on that there was Business Activity where there were no Business Activity so this illusion of demand is key to our modern economy because its demand 1st then supply is lay people think about supply 1st the demand like are going to make a really nice corkscrew and if i do a great job theres going to be huge dem
Made with. Bamboo strips but you put your fingers on the 2 ends of the hole and what happens when you do that maddow yeah you get on your finger you have pole and you know what happens is it shrinks in size the tube shrinks in size when how to get out of it how do we escape it is useless and relax and put your fingers together and the holes expand you know where i could watch this for hours were not a magic show but what is magic is what the fed has been doing what the u. S. Government has been doing for the last 20 years any time the debt load gets too big and all the fraud gets too big and the t. V. Ofr all of them the dot com crash every single time its met with more money printing but this cycle the fact that it keeps on crashing and keeps on the fraud keeps on building yeah its like theyre stuck in this chinese finger trap they keep doing the same thing then printing is exactly like the little kid pulling their fingers further and further apart in other words they should just like