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Later on cnbc. Rbs posts a forecast meeting profit the british lender dials down the return target for the medium term looking for the market and what feels like a good return. We believe 9 to 11 represents a good share for shareholders. And a concern the results from the coronavirus will be felt for mores well talk to the ceo later on cnbc the story that has been gripping markets, chinese Officials Say over 63,000 people have now contracted the coronavirus, while 1,383 people have died japan has confirmed the first fatality and over 200 people on board a cruise ship have been infected lets get out live to hong kong with all the action. Emily, give us the latest on what is now known as covid19, coronavirus. Thats right. We are keeping track of the developments of the virus. Here with the latest tally of over 64,000. As far as that cruise liner in japan, they are still in the process of testing 3,700 on board. For the first time in ....
Excitement of the 2020 elections every episode we dig deep into something new this time were going to look at the wealth tax stacy thats right were looking at all the economic policies being presented by the Democratic Candidates many of them are very radical Bernie Sanders says billionaires should not exist and to find out whether or not they should we have a guest with us dr Michael Hudson and professor steve keen steve well start with you 1st well i have a very complicated position on this because part of my research is into. Whats called the financial instability hypothesis that explains where the 2008 crosses came from out of that part of what i discovered from the Mathematical Modeling i did was this is a simple relationship between an increasing ....
The ones who paid for it in fact it was the work because there was a foreign income going to the workers now look at the Empirical Data thats whats happened as well the rausing level of profit did it has meant more money going to bankers list going to work because and capital is feeding in the middle how come this issue is so misunderstood by the democrats they dont they seem to be financially illiterate and this idea do we need billionaires should be really really phrased as where to billionaires come from other words how do you get billionaires thats right and it seems like theres a lot of area to examine in the Banking System in the central banking just im where they seem to have engineers if you well using what in economics is called the cantillon effect where central bank prince billions hundreds of billions and somehow it never circulates in the economy and it goes to t ....