A i have no idea why he did that in a british accent it was in fact a french guy pinto who receive that money are are no that was kind of the peak of that era so here we have this Great Depression looking numbers and the unemployment numbers and bank of america sees 15. 6 percent unemployment so that that system is looking degraded and sick and in fact sick isnt the 1st words here of this tweet does this chart make anyone else sick fed Balance Sheet rockets up corporate earnings going straight down further evidence we dont live in a Capitalistic Society at last for decades of extreme leverage to conceal declining productivity to enrich a small elite on full display so as weve been covering here on the ties reports earnings have been declining for years now but to spend made up for by on the one hand stock buybacks where the shareholders are losing basically in the. Company is losing because its losing its cast its axis of cash its taking its cast off its Balance Sheet and turning it in
System leaving and this is the the hardening system the hard money system entering and to join us through this time we have gear mo who we met in mexico city said am ex say he was so wise and he told us about hard money so hes actually pretty hard if you pick him up its really hard unlike plucky who eat took with us through the central bank and feel your scorn painting hes quarantining but hes really floppy you know he can barely hold the worlds most famous central banker hes the most famous central banker but this is hard money era so we have a stone cold headed just like your jacket weve been signaling this so we have to join us to talk about briefs for the deepest recession on record says bank of america analysts as jobless claims surge to 6600000. 00 they believe that Unemployment Rate is going to go to 15. 6 percent up from 3. 5 percent in february so thats a huge rise in Unemployment Rate we havent seen this and our lifetimes this sort of surge this rapidly well even the 3. 5 per
The past 6 months since the fed started inter intervening in the repo market and then we got hit by a pandemic and now we have mass unemployment and things like that thats the fear system leaving and this is the the hardening system the hard money system and touring and to join us through this time we have gear mo who we met in mexico city said am ex say he was so wise and he told us about hard money so hes actually pretty hard if you pick him up its really hard unlike plucky who eat took with us through the central banking field ideas quarantining hes quarantining but hes really floppy you know he can barely hold the worlds most famous central banker hes the most famous central banker but this is hard money era so we have a stone cold headed just like your jacket weve been signaling this so we have to join us to talk about braced for the deepest recession on record says bank of america analysts as jobless claims surge to 6600000. 00 they believe that Unemployment Rate is going to go t
Thank you, guys. Okay. Alex gorsky from j j, appreciate it well be back tomorrow cnbcs special coverage continues right now. Good monday morning welcome to squawk on the street, im Carl Quintanilla with jim cramer and david faber. Coming to you live from separate locations even on set as we practice social distancing futures are stable to start the week as the president extends those social distancing guidelines to april 30th j j, as you just heard, announcing a lead candidate for a covid19 vaccine a lot of people were astonished that the futures, just at the moment when the president said, look, we have to extend things. Take away that april 12th deadline, it will go all april at the very moment we saw the futures start reversing. I think this is a day, dont know how much more, a day where science trumps the pain and the disaster frankly that is covid there have been many, many days weve come in and science has been playing catch up game today it sounds like science is on target. List
We will show you that meeting now beginning with Opening Statements. I i am glad to have senator sass as a new member of the committee. The senate received, the house of representatives received the bill to implement the agreement. Under fasttrack rules, the committee cannot amend the bill. We can only hold on whether to report the bill. We can only hope senators that wish to make statements can do so. In the interest of time, i ask that the statements be limited to three minutes. My staff has had a discussion with everybody about that. Satisfactory with the members. I will introduce staff and Administration Officials to provide an overview of the bill and answer any questions. Stwe will then vote on the bill. President trump promised to deliver a trade agreement with canada and mexico that would reflect the realities of the 21st amendment. He made this an issue in the campaign. A campaign that has been around for more than three years. Promised that it would promise support. The house