We have seen a lot of ups and downs in the Latino Community. None more stark than the last 3. 5 years. Donald trump his administration have pursued an allout assault on latino communities, from the moment he came down that golden escalator saying he was going to take on the mexican rapists. It started the moment he announced his presidency. Feeding the flames of fears and racism against latinos. It is baked into every aspect of how he has governed. This week was an especially poignant reminder of the terrible consequences of allowing that kind of hate to grow unchecked. Butought we could defeat a, it only hides under the rocks. When a president breathes oxygen in, it comes roaring out. On monday, we marked the oneyear anniversary of the tragic mass shooting in el paso where a gunman explicitly sought to target latinos and 23 beautiful lives were stolen from us and their families. I know what it is like to lose a child. It is awful. The stakes of trumps irresponsible policies, of divisi
Against the pandemic and when were losing, we buy the cramer covid19 index. Oh, i wish there were more to it than that. But when the virus seems unstoppable. You go back to the wealth and buy the stocks of the companies regardless of valuation. Thats how the dow gained 236 points today the s p advanced 2. 7 . And winners surge 1. 47 . This rally was extra infuriating to anyone who thinks the market should be linked to washingtons inability to pass another stimulus bill now that the 600 a week benefits have expired the rising case counts in so many states, california over 500,000 that forced closures of flagging businesses. So let me give you the guide to the perplexed. Because when you go to the tape and look at whats winning, its actually very straightforward. Theres nothing counterintuitive about this move. Its not crazy its not illogical in fact, it makes perfect sense. Lets do this. Lets consider the 15 best performers of the covid19 index. First, theres fastly. This is a platform
Spending and chicago pmi fed chair with alan blinder in a few moments. Steve liesman will give us a curtain razor on that. Hey, steve. Good morning, carl. Yeah, were wondering whether powell continues a cautious tone, much more cautious tone than the market seems to embrace and in a way his cautious tone seems to give the market a green light because it means more stimulus or the fed being around for a long time here among powells concerns hes expressed in the past that the employment and growth rebound could take longer than it anticipated, some businesses wont survive the downturn, a possible second wave of the virus and the stimulus will run out and think about more stimulus on the other side you can see the effects of the stimulus carl alluded to in the income and spending numbers this morning. Quite astonishing. Every one of the numbers youre about to see are historic, never been there before. 11 month to month rise in income well tell you why that happened in a second. 13 month t
Places. Watch American History tv tonight and over the weekend on cspan3. Up next, Federal Reserve chair Jerome Powell talks about the u. S. Economy and his agencys response to the coronavirus pandemic at a Virtual Event hosted by princeton university. Okay. Hello, everybody. I now have the signal that the technology is working. Fortunately nobody would put that in my domain. I dont take any responsibility for that. Im professor of economics and Public Affairs here at princeton university. Thank you for joining us on this special reunion event with Federal Reserve chair jer powell. Sponsored by princetons griz wald center. Were happy to have many members of chairman powells classmates on the princeton class of 1975 on the zoom. Just one quick logistical note, if you have a question, youre welcome to submit it any time you want using the q a feature of zoom which youll find at the bottom of your zoom window. It tez q a. You may also upload questions that youd like to see answered and we
Economy and his agencys response to the coronavirus pandemic at a virtual pandemic hosted by the university, and the Federal Reserve was days away from making the first loans to small and mediumsized businesses for the lending program. This is 40 minutes. I have the signal that technology is working. No one would have put that in my domain so to quote somebody i dont take any responsibility for that. Alan reiner, director of Public Affairs at Princeton University. Thank you for joining us on the special princeton reunion event for Federal Reserve chair jerome powell, i might add we are happy to have many members of chairman powells classmates from the princeton class of 1975 on the zoom. On a logistical note if you have a question you are welcome to submit it using the q and a future zoom which you will find on the bottom of your resume window that says q and a. You may upload questions you would like to see answered and take as many of these, a full recording will be posted on the Gri