Foundation. Charles rosenblum. We try to live in the moment, to not miss whats right in front of us. At mutual of america, we believe taking care of tomorrow can help you make the most of today. Mutual of america financial group, Retirement Services and investments. Additional support has been provided by consumer cellular. And by and by the corporation for public broadcasting, a private corporation funded by the american people. And by contributions to your pbs station from viewers le you. Thank you. Sreenivasan good evening and thank you for joining us. This weekend, as part of our roads to election 2020 series, we are reporting from ohio a battleground state where early voting is already underway. In just 17 days the United States will have its traditional election day on the first tuesday in november. But this year, in the midst of a global pandemic, americans are exercising their right to vote much earlier and in Record Numbers. We will get the latest news and perspective on ohiop
Following the death of george floyd an unarmed black man who said he couldnt breathe after he was held down by a Police Officer with a knee on his neck for more than a minute or so to a crowd of people on the street where his brother was killed listen. Of all not over. All want to. Go home out on where are. Known or oh. Were going to have our own. I dont. Know but were ready for him because. I thought some of the one. About i 8 voted for meto. The. Hope of all of the vote for the poet mother was everybody. Right in a statement is coming as many dozens of people arrested after night upon the rest of the National Guard moving in and forcing a curfew many nights ended with the city on fire while leaving stores ravaged and looted lets start our Team Coverage where these protests far off in minneapolis thats where well find actually banks. Im here in the exact spot where george will be with count by minneapolis Police Officer derek shubin exactly a week ago today and. We all saw the video a
2008. So today lets kick things off in the nest of wall street vipers as we start watching hawks. Like you got. The. World around watching the hawks i am tyrone winter and joining us today for another rousing round of Panel Discussions and some of the most Important News stories of the week is the host of boom bust investigative journalist but its one of the legal and media almost lionel of a lot of media from miami r. T. Correspondent john hardy thank you all for coming on today. Kristie ill just throw it out to you 1st what are the real dangers of all these major household corporations that we see these names a. T. M. To General Motors and the such racking up 10 trillion dollars in debt equaling to 47 percent of the overall economy well the biggest risk right now that all the analysts see is that 50 percent of the 10 trillion dollars needs to be refinanced by 2023 they need to be refinanced are paid back because its going to be doing 2023 and right now half of these corporations aren
Corporations we see these names a. T. M. To General Motors and such racking up 10 trillion dollars in debt equaling to 47 percent of the overall economy well the biggest risk right now that all the analysts see is that 50 percent of the 10 trillion dollars needs to be refinanced by 2023 they need to be refinanced are paid back because its going to be doing 2023 and right now half of these corporations arent due and most likely they wont be able to pay it back because theyve borrowed right now where we have extremely low Interest Rates they currently are making investments into Capital Expenditures are hiring are increasing their efficiency as an operation now theyre hoarding it in order to make equity buybacks which really is artificially boosting up its stock prices for the Corporate Executives are not making any Real Investments into the company or boosting the economy in a way that originally Monetary Policy and took it out because economic dictated that it would so because of that
Be able to pay it back because theyve borrowed right now where we have extremely low Interest Rates they currently are making investments into Capital Expenditures are hiring are increasing their efficiency as an operations no theyre hoarding it in order to make equity buybacks which really is artificially boosting up its stock prices for the Corporate Executives are not making any Real Investments into the company or boosting the economy in a way that originally Monetary Policy and trickle down economics dictated that it would so because of that if theyre on able to refinance if theyre unable to pay loans their bonds would then be downgraded and as soon as they downgrade from what it currently is the lowest of the Investment Grade bonds that will start a callous in which case every other bond will start defaulting and then the fallback will be huge whoa whoa that is frightening and everybody is going to say its in your head is spinning at this moment right now because the explains all