of quill intelligence danielle de martino both thank you both for joining us today now danielle i want to start with you here it seems like chairman paul really had to thread the narrative needle here he didn't want to downplay growth in the economy but he also didn't want to dissuade congress from getting involved is that a correct assessment of what the chairman was saying today. it really is you know we've got 2 parallel economies right now we've got nearly 30 minute 1000000 americans collecting unemployment benefits in some form and you know we have we actually have rental evictions that are proceeding we have foreclosures that are starting to rise as well and on the other hand for people who are employed they're moving out to the suburbs they're buying homes there's been over $100000000000.00 in cash out refinancings thanks to the fed's purchases of mortgage backed securities so for the people who are still gainfully employed and active part of the economy they're doing pretty well and you're right to say narrative needle that chair powell had to thread because he has to talk abou

of quill intelligence danielle de martino both thank you both for joining us today now danielle i want to start with you here it seems like chairman paul really had to thread the narrative needle here he didn't want to downplay growth in the economy but he also didn't want to dissuade congress from getting involved is that a correct assessment of what the chairman was saying today. it really is you know we've got 2 parallel economies right now we did get nearly 30 minute 1000000 americans collecting unemployment benefits in some form and you know we have we actually have rental evictions that are proceeding we have foreclosures that are starting to rise as well and on the other hand for people who are employed they're moving out to the suburbs they're buying homes there's been over $100000000000.00 in cash out refinancings thanks to the feds purchases of mortgage backed securities so for the people who are still gainfully employed and active part of the economy they're doing pretty well and you're right to say narrative needle that chair powell had to thread because he has to talk up t

risk that i don't think is being covered well enough in the media right now former fed insider daniel de martino booth always appreciate it ben swonk co-host of boom bust thank you both for your time. american drug maker says it's antibody based cope with 19 treatment appears to have reduced the hospitalization rate for patients recently diagnosed with moderate symptoms from the virus now the pharmaceutical company says it held trials using 3 different doses of the drug against a placebo on 450 patients now the trials consisted of 72807000 milligram doses of the drug with the middle dose significantly reducing the presence of covert team in the other 2 doses did not meet the company's goals on the news eli lilly stock rose 2.6 percent in premarket but has since leveled out now meanwhile the u.s. government outlined a plan wednesday to make coronavirus vaccines free to all americans once a candidate has successfully gained regulatory approval now in a report provided to congress federal health agencies and the department of defense laid out plans for a vaccination campaign to start in january of