Entrusted with getting unemployed americans back to work. Labor secretary Eugene Scalia joins us live. We are going to get the scoop from scalia on how urgent the situation really is right now. Retailers among those of course hit the hardest by the coronavirus pandemic. We have the founder of one of the most visionary Mall Developers in the country. The grove in l. A. , i dont know if you have been there, its one of his. He is here. Caruso founder rick caruso on how hes making his california dream of safely reopening come true. This is a fox business exclusive. You got to see what hes doing. And netflix has emerged as one of the top pandemic superstars. The streaming giant reports earnings after the bell. Our allstar panel digs deep into the numbers with the one number that may tell you the whole story before the Earnings Results even come out. You have to stay tuned for that. But lets get to this breaking fox business alert. Treasury secretary Steven Mnuchin seen here arriving at tel
Was a complex set of new set of rules to counter with partial lockdowns in the north of england but there is growing public over the governments handling of the christ. Our exclusive with the armenian president will air in full here on our Team International in the coming hours for more details on the interview the conflict and what is happening in your part of the world you can. I am max kaiser this is the kaiser report im here with guillermo who is a bit of one of those for many years since we visited mexico city hello vo nice to see you again carol want to let you know that there is a Telegram Group max and stacy Telegram Group and youre invited to join just go to t a forward slip orange pill and youre in thats all that is by saying that correctly now suzanne youre well as for a task i guess i got it right stacy what are you up to. I have to say when you say that you know the report the Telegram Group we get inundated with people especially from cuba and venezuela lots of audience m
People an Interest Rate to incentivize them to save. And the reason to do that is that if there is a downturn like a covert then theres plenty of state stuff theres plenty of capital in your capital system to smooth it out but if you debase the currency and you Interest Rates are 0 and theres no incentive to say therefore theres no capital then you dont have to apples them anymore you have a tough talker see run by Central Banks and the worse it gets the more they pay themselves and of course low Interest Rates re the crisis worse because low Interest Rates drained the economy by all capital and without it you will at the 1st. Encounter with a pandemic like cove it you all have an existential threat and maybe or maybe not the us survives its up its an open question whether or not the Monetary System survives is what is being called into question and here they are doing the equivalent of oops my bad even though the report has been warning about this for years they could have listened to
Graham boston fed president aircrews a read said years of low Interest Rates that encourage risk taking are making the current economic downturn worse he specifically cited low rates persisting for an extended period even after the economy had made progress in the recovery that can create problems well this is obvious you know as ive been saying you cant have capitalism without capital you cant have capital without giving people an Interest Rate to incentivize them to save. And the reason to do that is that if there is a downturn like a covert then theres plenty of state stuff theres plenty of capital in your capitalist system to smooth it out but if you debase the currency and you Interest Rates are 0 and theres no incentive to say therefore theres no capital then you dont have to apples them anymore you have a club talk or see run by Central Banks and the worse it gets the more they pay themselves and of course lower Interest Rates re the crisis worse because low Interest Rates drain
Border car about status here between armenia and azerbaijan continued. Poems also 40 minutes area controlled territory despite 85 being agreed just a few days ago. Hello and welcome to all its International Just gone 2 pm here in the russian capital glad to have your company as we take a look at whats happening all around the world well lets start off with how russia says it will stop taking part in consultations over the downing of Malaysian Airlines flight 17 the tragedy took place over Eastern Ukraine in july 24th teen 6 years and 8 the investigation is still ongoing well were joined now by our correspondent in the studio where we just had russia says. No more to the investigation what let the Foreign Ministry to take the decision well as it is explained in document the last straw for russia was the government of the netherlands filing a lawsuit against russia in the European Court for human rights alleging mosca had played their role in the mh 17 passenger airplane crash back in 20