Try to level set a little how they Congress Really think about this issue and the bridge and so forth. I will be essentially channeling out our block career and what im going to talk about. Alan auerbach that ebv perfect objective moderator for the session for that purpose. But also in thing assay is called for i out his phone number toward the end. Just kidding. So federal debt. In particular we heard about the 34 trillion the federal debt is in you. The 30 fort wayne dollars debt is not really that alum referred to in japan and other places where this trust funds with the government will come to the undead. What we really care about is the debt held by the public. Thats ultimately what the government owes and veteran 27. 5 children. Its that world war ii levels right now but, of course, one big difference is that it is increasing as far as the eye can see. Thats not the current projection. I will post my slides for people so i will touch a few things on each slide and in particular w
New york city who is helping us to h great and educated guide fr teachers speeded you canan finih watching this if you go to our website at cspan. Org. We will live there to take your life to a conference on federal spending and debt. Current debt, which is around 100 of gdp is at a level we havent seen since world war ii and is a growing cause of concern. Tackling this problem presents a variety of challenges. Today were fortunate to have a group of very smart and accomplished people who are going to share their insights. Well get to hear a variety of perspectives. To do this, we have a mix of panels, discussions and speakers. Well hear about the economic and fiscal challenges caused by the debt. The impact of debt on invests and consumers, the roles played by Social Security. Approaches for analysting fiscal policies and finally a discussion of potential policy options. And a number of dimensions of the debt challenge. For our first panel we have two distinguished speakers, arguably
Lets go to the markets. Another day of calm. On the surface, things are calm. Who knows what we might be in store for the next week or so. If you look at the major averages, a little bit of green. Ultimately, not much. Futures were doing better before we opened the markets, but those gains have aired back paired jobless claimsad in line and in retail sales a little weaker than expected. The question is whether the markets are moving because of the economic numbers today will not be fed going next week or because investors dont lightly make the weakerta like Economic Data. Looking at some of the bigger movers today, apple continued to do pretty well. You are looking at it big jump in the stock of the past four days, up another 260 basis points today. Adding 60 billion in market cap. Goodyear doing pretty well. That is basically a story that a lot of the stock market has been about recently, which is higher payouts for investors. They were looking at wells fargo on the downside. That com
Weaker than expected u. S. Growth. Keeping an eye on Deutsche Bank as well. The lender yet to reach a settlement with the doj. Theres that, theres jamie dimons comments on banks. Jim, its good to have you back. What are you watching out west, first of all . Look, i think the dream force is a little more exciting this year than ever because theres so much consolidation or talk of consolidation. I feel like i dont have david to be able to look askance when i make suggestions on whats going to happen. Im probably more free wheeling. Hes probably more free wheeling because of the mets. As you know in your 11 00 show in the east, this is where most of the businesses are not hostage to the imf. These numbers mean nothing to the Technology Companies out here. I can still try and give you looks across the continent here, jim, if you miss it. Thank you to that shoutout to my mets, of course. Big game tomorrow with the team that resides where you are, but it will be here at citi field. You know,
Sharp rise in cancellations. What does the latest measures mean for businesses like this, and what do they mean for your holidays . How a dip in cold water has proved to be a promising lead in the search to find a cure for dementia. There was a remarkable comeback by west ham at tottenham in the premier league. 3 0 down, the hammers fought back to draw 3 3 and scored one of the goals of the season. Good morning. This week we are looking at an unsettled week with periods of rain, windy at times, but certainly for the first half of the week it will also be milder. All the details in about ten minutes. Good morning. Its monday the 19th of october. Our top story. A Short National lockdown across wales which has been described as a fire break could be announced as early as this morning. The restrictions are expected to last for two to three weeks, and may include an instruction for people to stay at home. It follows talks over the last couple of days about how best to tackle rising cases of