Good morning to those throughout the world. May 18th, is the 125th anniversary of the Plessy Versus Ferguson supreme Court Decision. Some people believe this decision solidified institutionalized separate but equal. One other thing well learn today is that america was already separate. Before separate but equal, before Plessy Versus Ferguson. And what you will learn is that it is a troubling and difficult exercise to trace current inequalities to things that happen 125 years ago. The original Theme And Intent of the conference and of the journal of social sciences was to ask this question. How is it possible for something that happened 125 years ago to have a continuing impact on measure, observed, racial and ethnic inequalities. And then pursuing that question, we looked at issues of the law, issues of education, issues of Space And Housing and what you will hear today is a very small portion of the insights that our distinguished observers and authors were able to bring to this speci
it is a very special session. we have you covered. all that, so much more on making money. . charles: so the unknown economic impact continues of the coronavirus continues to weigh on the market. again this as investors attempt to factor in how impactful the federal reserve s emergency decision to cut rates by 50 basis points this morning will actually be. as the 10-year yield fallen below 1% for first time ever. president trump addresses central bank decision to lower rates a little while ago. take a listen. we have to be competitive with other countries. when we re paying two points more than germany, we re paying more than other countries, we should pay less than everybody else. of the fed rate is too high. simple. it is too high. it puts us at competitive disadvantage, especially exporting our product to other countries. the other countries love that i don t like it at all. i would like to see our fed lead instead of being led. charles: joining me bellpointe chief mark
and it s called desert view because when you look to the east, you are looking out into the painted desert. you can see a little bit of it beyond the watchtower. this is one quarter of the way into the grand canyon, starting 70 miles east of here. from here it has another 200 miles to run to the west. right here is when the canyon starts to widen and deepen and turn into classic views you see in most photographs or calendars or famous images. before now it is a much narrower gorge and when it reaches desert view is about 10 miles wide and a mile deep and has another 200 miles to run to the west before it ends up at lake mead. the colorado river runs all the way from the rocky mountains to between california and arizona as it heads south. you can see the tower over there, the desert view watchtower, and it is a tribute to the hopi tribe. it is not there to see the canyon better. it is 70 feet tall, so you get a slightly better view from the top, but it is really a monument to
contessa brewer in tonight for sue herera and bill griffeth. we begin with an important aspect of the american economy. interest rates. today the feder reser lifted the benchmark rate for the third time this career. the t 8the since 2015. chairman jerome powell called theon economy s and says he is not concerned about inflation. the upbeat outlook led the central bank to increase the forecast for growth this year andsf next. eef liesman is in washington with moren the decision. reporter: the federal reserve raising interest rates by a quarr percentage point as expected to a new range of 2 to ng another ut signa rate hike is coming december. fed chairman powell was clear why they were taking theoue of action. you re economy is strong. growth is running at a healthy clib. unemployment is low. the number of people working is rising steadid. wages are up. inflation is low andl stable. f these are very good signs. reporter: amid expectations for the good times to continue fe
listen, please. the repercussions have been immediate. that was from earlier. nigel faraj did something extraordinary. 15 minutes after the polls closed he emerged and i remember these were the latest that the leave campaign that he emerged and basically conceded. he appears to save the state campaign will enjoy a narrow victory and then he walked away. now about an hour or two later when he realized that the vote was going the other way he came out and i m quoting here i dare to dream dawn is coming on an independent uk. sort of chilling phraseology there but that is what he said total reversal. he is not doing well in the public eye as of today. i want to roll a sound bite and this is from president obama when he visited england about two or two and a half weeks ago, three weeks ago maybe. he was trying to persuade the brits tuesday so listen to this for us minute. i think it s fair to say that maybe at some point down the line there might need a uk u.s. trade agreement b