Correction i wanted to see the market get back to at least flat on year. Now worry below that i didnt want it for the reason that we are currently experiencing it but the world didnt give you that choice. But i did feel we are extended in a lot of areas. A lot of that has been corrected very quickly i want to give you examples that i think are illustrative of what is happening out there airlines are down 9 in two days getting worse by the minute. Somis are down 10. 5 in two days nvidia made a new record high this time last week. Down 18 from that record high parabolic moves to the downside. The s p 500 this morning at its worst level was off 6. 4 from its highs. Nasdaq off 8. 2 vix at the highest level since december 2018. What does all that mean . This is preferable to a turnaround tuesday failed rally that falls apart by the end of the wee and then we sell off into friday, people worried about, you know, oh, whats going to happen this weekend this is better lets get it all out master
Economic policy of the heritage and foundation, Nicolas Loris, back behind the desk. Will you start by defining what thats job is . Guest tricky within itself. When the Obama Administration theyooking at green jobs included everything from trash collectors to people who work in goodwill. They were involved in reusing and recycling. Conventionally more people talk about the Energy Economy and what that looks like. Installing, the numbers are mixed. I would like to see green Energy Economies that drive Innovation Forward and doesnt rely on government subsidies. What is it comparable to in terms of numbers of workers or jobs related . Its difficult to say based on the numbers you use. Compared to other industries, they are certainly growing and thats great. Markets, people are demanding Renewable Power and is this is are demanding to use 100 renewables and the demand is driving production and thats ultimately what we want to see, Competition Among the Energy Sources when they are being su
Social media. On twitter it is cspanwj. On facebook it is facebook. Com cspan. A very good wednesday morning to you. You can start calling now. We will begin by taking you back to mondays final press briefing with President Trump at the g7 summit of World Leaders. The final question the president took was on the issue of Climate Change. [video clip] there was a significant talk at the summit about Climate Change. I know in the past you offered skepticism. What do you think the world should be doing and do you harbor that skepticism . Has feel the United States tremendous wealth. Feet. Alth is under its i have made that wealth come alive. Exporting we are the Number One Energy producer in the world and soon it will be by far with a couple of pipelines that have not been able to get approved for many years. Could be the largest site in the world for oil and gas. Ronald reagan was not able to do it. They have been trying to do it since before ronald reagan. We are the Number One Energy pr
Numbers are mixed. I would like to see green Energy Economies that drive Innovation Forward and doesnt rely on government subsidies. What is it comparable to in terms of numbers of workers or jobs related . Its difficult to say based on the numbers you use. Compared to other industries, they are certainly growing and thats great. Markets, people are demanding Renewable Power and is this is are demanding to use 100 renewables and the demand is driving production and thats ultimately what we want to see, Competition Among the Energy Sources when they are being subsidized through targeted tax credits. Thats just allocation with subsidization taking resources away from other sectors in the economy. Thats not actually creating growth, it is shifting it to politically preferred sectors of the economy that doesnt really do us any good, it only helps the people lobbying to get the handouts. Host in this election cycle several Democratic Candidates are calling for moving towards a net zero emis
Test test test test test test test test test test it is test test test test test test test test test test test test it is test test test test test test test test test test test test test test test test test test hey, actually you know we think in a lot of places around the world, specifically india or china. The political economy of coal state, therefore you get less gas in those portions and the outlook and you have to have these other solutions and that brings the opportunity for things like director and capture. We are spending so much time on focusing on it. If you look across the different climate scenarios from the International Agency from ecuador and from shell, what they tend to find is advance industrialized most of the west that natural gas kind of peaks out around the year 2030 or 2040. Even those under ambitious scenarios, substitution of call, you see in an emerging economy, china and india and parts of central and south america, expanding significantly even under these s