Much to talk about here, but part of it is the market reaction. Rollovernd then a year. Taylor im thinking 10 Million Barrels a day is not enough. We increasingly hear calls for 20 and 30. The drop in oil prices is also affecting the credit markets as you take a look at that downgrade cycle that is underway. 200 billionking at dollars of bonds that are set to lose their Investment Grade rating. Looking at some of the biggest down rates cycle underway. Oil andcourse, into the permanent base, it will be challenging. In this hour, Michael Mckee and i will speak with richard clear. Im going to take a broader view, and i know Michael Mckee, which he does at the press conferences, will ask press conference like questions. With first word news, here is verve viviana hurtado. A now, the focus shifts to other the cut will be enough to shrink the massive glut of oil. Johnson, he thinks the National Health service for saving his life after a week in the hospital for the coronavirus. P. M. Johnson
State university and the two of them worked on the book together and they will be talking about it together and we are so thrilled and honored to have you both here and i should mention also that route larry is a regular customer at thecorner bookstore and has been for years. And that makes it so special and so personal so please join me in welcoming larry and brian, thank you. [applause] thank you very much, i appreciate it. Are we on, both mikes . We welcome cspan for covering us, thank you very much. Its true, i larry kudlow and im a local. Actually, when random house started organizing this, which one . That works. This one doesnt sound great. Random house said a while back when we finally got this thing published, its good to have a couple local bookstores and i said how about across the street . He said terrific idea. Weregoing to do a bunch of these around the country, weve done tons and tons of media. A lovely oped piece of ours was published in todays wall street journal. This
Shortest month as if its some politically correct addendum but not as it turns out in the center of it. You just need to pick up todays paper and read whats on the front line. He owned a few people. And set it in motion. Its always struggling with the question of race. Im interested in how my country works. It is important that what were not trying to do is substitute one persons history for another. We are to try to expand. When they said at the end of that sentence that we should be in pursuit of happiness that meant we were a country in the process of becoming and always getting pretty free of debt. Women, he didnt mean africanamericans, he didnt mean a lot of things and he added that because he got bigger so what i think the opening of the africanamerican museum on the mall is not a narrowing of our history, its an expanding of our history. The south had 9 Million People when the civil war started, 4 million of them owned by other people. 45 percent of the staff so that means you c
Plus another casualty from nsa wire tapping. Brazil is now snubbing us and cancelling a visit. So much for the u. S. Being more respected in the world. All those stories and much more coming up in kudlow report beginning right now. Good evening, everyone. Im larry kudlow. This is the kudlow report. We know Larry Summers is out but we do not know who the the new fed chairman will be. Tomorrow well get the policy decision and a very important ben bernanke news conference. It we please go back to a rulesbased Monetary Policy . We have seen more catastrophic tinkering, mettling in the last dozen years than we had in the whole of the 19th century and that is when there was no fed and the dollar was as good as gold. I was there. Rules are more important than egocentricfed rock stars. Lets bring in our guests. John, you were there in the 19th century. Who do you think should succeed ben bernanke . This is giving summers way too much credit, but we may miss him given the b teamers coming in be
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