And a thousand times a day without thinking about it. At least thats how it feels right now. The inevitability of this outbreak is starting to sink in. What does the fed do it gives us a rate cut a 50 basis point rate cut. Reaction hey, condition rate cut. And it was a resounding texas hud. Ultimately the dow fell 786 points and 2. 189 so why did we get that illnesses, cancellations and this epidemic and im beginning to feel just in what has just been cancelled the emails that i get and the notes from Different Companies that is a shutdown it doesnt change that its not a cure. Its not a hazmat suit or respirator it does absolutely nothing to impact the spread of the virus it somehow boosts Business Confidence i did care about the rate cut. I cared about how wrong it was its totally a sign of the panic from the fed. And a rate cut i say this as someone thats been addiment that easy money is a good thing im probably the biggest single proponent of lower Interest Rates on the entire spect
Achieve strong Sustainable Growth and safeguard against downside risks. The group offered no specific actions to combat the virus. How disappointing was that look, i think this is the same problem, central bankers are dealing with a biological problem that is then going to spill over to economics, probably means fiscal help what are we talking about here lets talk about restaurant closing, malls closing how about the people who work at the places, thinly capitalized companies that are supposed to pay these people Steve Liesman i worked with him this morning, excellent drop in there, par suited into their office one point the Federal Reserve was saying well stand back behind people whose insurance for instance isnt paid off for a hurricane. I think that its up to treasury and incumbent upon treasury to say were going to work with Small Business, if you have a problem, you can come to us, because thats where the real pain is going to be. We dont want the only retailer to be walmart when
Our headline event with Jennifer Granholm. We are happy to accept your questions and i will ask as many as time permits. Said to semitic westin online, email headliners atpress. Org and put energy in the subject line. For our cspan and public radio audiences, be aware that in the audience today are members of the general public. Any applause you hear is not necessarily from the working press. Three years ago this week, Jennifer Granholm was sworn in as the 16th secretary of energy to lead the Biden Administrations efforts to move the United States toward a Clean Energy Transition that can achieve net zero Carbon Emissions by 2050. While there has been successes, there have been challenges. Secretary granholm helped the Administration Push policies to develop a new generation of technologies for hydrogen, batteries, fusion energy, Energy Storage and grid reliability. Yet she has faced difficulties. Theres been controversy over how the department of energy will handle critical mineral co
Our headline event with Jennifer Granholm. We are happy to accept your questions and i will ask as many as time permits. Said to semitic westin online, email headliners atpress. Org and put energy in the subject line. For our cspan and public radio audiences, be aware that in the audience today are members of the general public. Any applause you hear is not necessarily from the working press. Three years ago this week, Jennifer Granholm was sworn in as the 16th secretary of energy to lead the Biden Administrations efforts to move the United States toward a Clean Energy Transition that can achieve net zero Carbon Emissions by 2050. While there has been successes, there have been challenges. Secretary granholm helped the Administration Push policies to develop a new generation of technologies for hydrogen, batteries, fusion energy, Energy Storage and grid reliability. Yet she has faced difficulties. Theres been controversy over how the department of energy will handle critical mineral co
Our headline event with Jennifer Granholm. We are happy to accept your questions and i will ask as many as time permits. Said to semitic westin online, email headliners atpress. Org and put energy in the subject line. For our cspan and public radio audiences, be aware that in the audience today are members of the general public. Any applause you hear is not necessarily from the working press. Three years ago this week, Jennifer Granholm was sworn in as the 16th secretary of energy to lead the Biden Administrations efforts to move the United States toward a Clean Energy Transition that can achieve net zero Carbon Emissions by 2050. While there has been successes, there have been challenges. Secretary granholm helped the Administration Push policies to develop a new generation of technologies for hydrogen, batteries, fusion energy, Energy Storage and grid reliability. Yet she has faced difficulties. Theres been controversy over how the department of energy will handle critical mineral co