economists. that's what was important about them. they put forward views of the world hike with respect to the division of knowledge canes with respect to the importance of government macroeconomic monetary and a particularly fiscal policies and friedman's reinterpretation of economic policy with his focus on monetary policy and also and also on the importance of prediction in methodology, so those thoughts we're going to return on friday to our consideration of current economic issues and in particularly the issue of inequality, which really none of hayek and canes and friedman considered in depth although friedman to some extent discussed it some more than the other two and i think is a new issue in economic theory that has emerged in recent decades and will continue our discussion on friday. see you then.

maricel goyena chief economist at moody's and veronica clark, economist at citigroup, a pleasure to have you on the show. camano, a live report from the federal reserve as we count down to the big decision. you don't want to miss this. you don't want to miss this. avalarahhh ahhh ahhh ahhh was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com go. go scientist. go software. go cure. go production. go faster and safer. emerson automation software helps breakthrough medicines get to market at warp speed. go human go. go boldly. emerson. it's easy to get lost in investment research. introducing j.p. morgan personal advisors. david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. kriti: this is bloomberg markets. today's interest rate decision is perhaps hoping traders chart a number of unknown variables. so m

because i i have never heard of an economist who would find 20 kind words in relation to two economistsd not teach him, or he did not teach them. but it means that you, more divided once in your life, have not heard me from a more divided community. than the community of economist does not exist at all. look, what you are doing here is that we will clean up other economic ones in detail endlessly to the mice of society, trusted putin and the society said that we voted for the third part, success in a minute and you like putin you don’t like it siluans don't like like, he profusely dislike 600,000 people whose population has shrunk in the past year. in our country , it has grown by 10 million. due to the fact that new regions have appeared in addition. start invading the area of ​​demography, here we must remember that we have two minuses. if i remind you that it is also not putin who appointed nabiullina. and this decision, by the way, offered a minute. this is a decision that is made by the authority that you are directly related to. sorry, of course. we have a deputy badge about this

tell me what economists do with them.erstand that you are more involved in data analysis, not that it is not possible for you, it is not so important. maybe you are the same fraudsters without with pleasure and researched what they are doing there, and actually for economists, data is very important. i apologize for the sick voice, because economics must be, and economic analysis must be evidence base . that is, they must be based on facts, if, for example, we analyze some industry uh, there, uh, connections of agrarian business . where does he export, how are the dynamics changing, that's all for this, data is needed, uh , we need financial reporting, for example , we need trade statistics, as well as if we model the impact of, for example, the introduction of any of taxes, we should have historical data and see how the approach to the tax base or tax rate changes, cleared of other influencing factors , affects the dynamics, or, for example, such a classic history to analyze the distribution of taxes of paid taxes for su

two economists are economists.to weigh on the twittersphere . to weigh on the twittersphere. and they decide to put their money weather forecasts where and some things over a bet worth £1,000 the matters now being settled and the defeated has paid up to the victor. settled and the defeated has paid up to the victor . well, i'm paid up to the victor. well, i'm actually delighted to be joined by the lifestyle by the head of lifestyle economics institute for economics at the institute for economics at the institute for economic christopher economic affairs, christopher snowdon , the victor and snowdon, the victor and professor economics at king's professor of economics at king's college jonathan porter college london. jonathan porter is the defeated . jonathan, first is the defeated. jonathan, first of all, thank you for coming in because i think it shows incredible to come in and discuss this when you didn't win . so i'll let you have the first word and explain what the bet was about. well, back . in 18 we was about.

why make one economist said banks are too big to i economist said banks are too big to fail but too bigf the financial crisis piece of the strikingly keen to get this done by the end we can. stock markets were open and age tonight. mat the end we can. stock markets were open and age tonight.— the end we can. stock markets were open and age tonight. not that many miles away. — open and age tonight. not that many miles away. is _ open and age tonight. not that many miles away, is ityes, _ open and age tonight. not that many miles away, is ityes, and _ open and age tonight. not that many miles away, is ityes, and seven - open and age tonight. not that many| miles away, is ityes, and seven name in the city of london. —— not that many hours away. but -- not that many hours away. but they don't — -- not that many hours away. but they don't get _ —— not that many hours away. pm they don't get that done there is a fair idea of the impact that could add if there is nothing in place. which is about the shelling and he took took to economist they say doesn't feel like we have an 2008 situation wen

most economists would tell — turbulence. most economists would tell you _ turbulence.ll you what is the i would tell you what is the number one thing you can do to make sure, to incentivise business investment and therefore drive stability and certainty and strong institutions and we seem to have gone out of our way in the last two years to undermine some of those things.- some of those things. since 2016, there _ some of those things. since 2016, there have _ some of those things. since 2016, there have been i some of those things. since 2016, there have been five| 2016, there have been five prime ministers.— 2016, there have been five prime ministers. thank you and aoodb e, prime ministers. thank you and goodbye. thank— prime ministers. thank you and goodbye, thank you. _ prime ministers. thank you and goodbye, thank you. alice i prime ministers. thank you and goodbye, thank you. alice mills covid and he — goodbye, thank you. alice mills covid and he war— goodbye, thank you. alice mills covid and he war in _ goodbye, thank you. alice mills covid and he war in ukraine

economists rarely join together when they talk about employee sponsored health insurance. one is the effects it has -- the effects use fusion has on the margins. the other one is what has to do with the question, one of the raise your hands questions brian asked which is due workers pay for health care benefits in the form of reduced wages? a lot of people think that because the employer is the check, they bear the response of the payment for the health insurance. that is not the case at all. economics disparity is pretty robust economic literature and mainstream public health economists all hold the same thing that the employee bears the full cost of employer-sponsored health insurance in the form of reduced cash wages and other forms of compensation. unfortunately, when we have discussions about this and every studies and reports about employer-sponsored insurance and the exclusion, almost no one takes the point seriously. when we talk about getting rid of the exclusion and employee sponsored insurance, no one takes the play seriously. if we got rid of the exclusion tomo

and i have spent _ by many french economists and i have spent much _ by many french economists and iof them _ economists about it, and many of them say— economists about it, and many of them say that there are many other things— them say that there are many other things that — them say that there are many other things that the french government could _ things that the french government could be _ things that the french government could be doing, to get to exactly the kind — could be doing, to get to exactly the kind of problems that anne elizabeth mentioned, things like encouraging more employment both among _ encouraging more employment both among older workers and young wokker, — among older workers and young wokker, france has very high youth unemployment rate, ultimately if this is— unemployment rate, ultimately if this is going to be a trend, both in france _ this is going to be a trend, both in france and — this is going to be a trend, both in france and other european countries of ageing _ france and other european countries of ageing population, the government has to— of agei

it's kind of it's kind of a strange and the rest of society gets divided among economists on political grounds and that gets away gets in the way from doing the science which ca or concept economic devices. we where i was at we put out that report led by a large part by someone chemist research. and we basically just used a literature's to say here's what the literature says will happen. it wasn't necessarily what we thought we would happen. here's to what the scientific literature says, and it was just completely dismissed. so can you talk a little bit about how you see that from a journalistic point of view because it's been a big change with trump that that occurred. well again, it's part of what i was getting at earlier when i said the journalist sort of put aside their their traditional standards when it comes to covering and administration and went into this full resistance mode and thought that their job was to you know, stand up at press briefings every day and great the president or or break the press secretary not simply cover the administration but to resist it and and you y

annabelle, easing more than economists had expected. annabelle: i bet those policymakers at the bok will be breathing a sigh of relief. that is certainly something policymakers in australia would like to see as well, given that we have seen inflation still looking pretty hot in australia. and we had the rba set to hike rates for a 10 consecutive meeting on tuesday by 25 basis points, even though we are seeing the effects of tightening on the economy. we are watching the pull back gently in yields following what we had in treasuries in the prior session. there are other key events we are watching in asia this week. in japan, we have the boj governor, haruhiko kuroda, said to chair his last policy meeting at the helm of the bank, stepping down after a decade in that position. we have futures looking to hire start. new zealand is online. we are also watching china. we have the npc underway. stephen engle is here to give us the details. but when you look at the market performance during this gathering and also in the one-month class, we oft

many economists say it is the uk's low level of productivity.words, the work we do needs to produce more. there is a quote about this from the nobel prize winning economist, paul krugman, who says, "productivity isn't "everything but in the long run, it's almost everything. the argument being if you want to increase people's living standards in the long run, by far the best way of doing that is to increase the output of each worker. productivity is how much you produce with a unit of labour over the machine. the more you can produce, the more you get rewarded for it. most of us, if we think about productivity, would probably think about how well we work as individuals, how efficient we are, how much we produce or achieve. at harlem bay, i want to talk to this group of local business people, once they get out of the sea. i'm pretty keen on going in the water in cornwall when i come back home, but this is next level, not sure i would be doing this in february. but these swimmers are braver than me. we should point out it's absolutely freezing on t

the peak rate is as it's priced very similar to what economists expect.e think the hurdle rate for them now to go to 50 basis point hikes is very high because to me, that is the market concern. last year was all about how fast the fed got their goals and that was for equities and risky assets always a problem. speed in any type of variable that affects markets, the market does not like. now that you go from how fast to how far, that is a process equities can deal with and especially considering that the growth narrative is better now. you see cpi trafficking globally. you see china reopening. the net-net is 50 basis points that worries us there's more of a shift back to that. francine: i understand the modeling and what inflation is doing and that there is a lot of monetary policy. it just feels a bit strange actually that the reaction is so far and how quickly the fed hiked interest rates. you worry if they don't do a lot more, then they will not get ahead inflation? christian: it's tough to say. the key concern is a labor market. if the labor market re-

let's bring in raffaella tenconi chief economist and founder of ada economics. your assessment of the message? mixed messages from the fed chair jay powell. the markets are looking at 40 basis at least come march 22. you are out front last year in calling for higher rates. what is your assessment of the terminal rate? raffaella: good morning. the tone is mixed because data dependency at this juncture i think it makes sense. i also the fed like most central banks is not yet clear on how to handle the long-term structural trends that impact the labor market and the inflation. our current guidance is the peak rate will be 550 but we have been signaling since last fall that 650 is completely possible. the difference between the two is what the fed decides to do with the housing market. at 550 which is what we observe currently, the housing market is weak in volume but still high in prices. it is inflationary. if you want to go to 650, what you are doing is shock it and that will trigger a price correction already. now gives you an immediate relief on inflation. it c

we assure you two groups of economists.gave him an accurate assessment of the consequences of radical changes according to the calculations of the group of economists eremenko, it turned out that during the transition to a market economy in the next 2 years , out of 140 million people employed in the economy, 40 million people will become unemployed, according to the calculations of the gaidar group, the number of unemployed was estimated at 41 million according to the calculations of the eremenko group, the increase in retail prices in the year of liberalization was estimated at 26-28 times by the gaidar group 24-26 times in reality, prices increased by 24 and a half times. the main blow to the economy was the destruction of the two-circuit monetary model; between enterprises, and cash for settlements with the population, a. nothing non-cash money was possible. gorbachev broke this dam , the whole creation of centers for scientific and technical creativity of youth began, their main feature is the ability to cash out funds

that's just my non-economist thinking there.ana have a great weekend, appreciate it. >> thank you. charles: all right, folks. coming up, guess what the top paying college major is? hint, it ain't sociology. it ain't fine arts and it really ain't psychology. tweet me your guess at @cvpayne, because here is the problem we will have to pay for them if the biden administration gets their way and the focus on esg right now is intense. we have economist brian wesbury to talk about what the pros and if any cons i think he will have a few, right after this. ♪ welcome to my house, baby take control now, we don't have to go out ♪ aking me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. (vo) the fully electric audi e-tron family

today we will be visiting the senior economist of the center for economic strategy, yuriy gaidai, but first let's watch a story about real estate in lviv oblast, housing rental prices here have increased by 101 percentage, the same time in the ukrainian capital, kyiv, prices have fallen , how much money will have to be spent on renting housing, let's see in the report of our correspondents ulyana hryshchuk moved from kyiv to lviv in march last year, after the start of a full-scale invasion, the prices for renting real estate in the western regions skyrocketed, so we had to agree to the first offer of an apartment at an affordable price , ulyana says. we were shocked. they offered us an apartment for 9,000 uah. it was a one-room apartment. i won’t say that it is on the outskirts of lviv, but it was far from the center , but thank god it suited us already in a few months. the excitement on the market has decreased more options appeared and ulyana moved to a new apartment, she chose a world-class new building with modern renovation , however, outside the city, we found this apartment for

currently the chief economist of the roosevelt institute. among his many books.ng up on this 20th anniversary of the u.s. invasion of iraq, we will speak with medhi hasan, the broadcaster, msnbc host, now author of "win every argument." stay with us. ♪♪ [music break] amy: this is democracy now!, democracynow.org, the war and peace report. i'm amy goodman with juan gonzalez. fox news host tucker carlson kicked off his first installment of analyzing footage from the deadly january 6 capitol insurrection that was shared with him by republican house speaker kevin mccarthy exclusively by playing cherry-picked clips on his top-rated show monday night. >> they were peaceful, orderly and meek. these were not insurrectionists, they were sightseers. footage from inside the capitol overturns the story you have heard about january 6. protesters in neat little lines. they give each other tours outside the speaker's office, take cheerful selfies and smile. they're not just trying to capitol, they revere it. they are there because they believed the election was stolen from them

economists really pushing for that.updating everyone was talking about china being on investable. is it still? why is it so hard to shake off that level? i will try to answer that question in the story. just take a look at what it comes to with the reopening trade. the bets have been piling up at the big winner, you been crunching the numbers. casino stocks. macau has been that proxy year. you are about close to 100% price changes since november. >> already down 30%. that is the nearest. >> look at the whole thing. they were just beaten down, it was amazing these guys have survived some of them what has been going on. look at the given composite we have from bloomberg intelligence. that is possibly the story over five months. >> you have casino revenue numbers coming out but take a look at that with macau up 6%. >> there we go. course the managing director at gaming consultancy firm. leisure to have you on the show. the markets really run with macau as being if not the biggest reopening story, what are you seeing right

a check and then an economist at the world resources institute, v j. you know, we were sort of talked about this in the previous segment, but i want to about climate change. and it's do you feel driving more populations from rural areas to urban centers? and 2nd, tier cities, i mean, are these populations being driven by better economic choices and urban centers, or more the effects of the i, m f and world bank policies on agriculture productions? well as you know, climate change to dimensions, mitigation dimension and adapt asian dimension. now cities are the ones which are actually leaving a lot of carbon, and that's taking place already in all the big city, the world. any city or 1000000 is a major source of carbon emissions and global warming. the other point that you made is about climate adaptation. that is, the parts of the world become no longer useful 5 years. and so i'll be moving out what has been called push migration, for example, in many parts to the hell where that there is actually increase in their size. many people have no option but

that was v jagger. nothin. economists with the world resources institute. you know, there is this difference between someone choosing to live a minimalist lifestyle because they think it is what is best for them and their family, or one being bullied or shamed into a limited way of life. it should be a personal preference into the type of residence once decides to invest their financial resources in and one which should be made without fear backlash from any activist. it is ludicrous to shame someone into thinking having a bigger home is a sign of racism or lack of concern for the environment. now, recently there's been a lot of fads for like common sense, but you see a big yard filled with trees and bushes. it's not only selfish but racist, is a whole new level of ridiculous sounds to me like another opportunity for widening the wealth and power gap by using emotions and controversial subjects all to suppress the skeptics. i would be more inclined to believe the argument if the most powerful and the richest of the world, tore down their grand estates as we

then economists of the world resources institute for your insight. hold on. i want to continue this call to get this conversation. because after the break, we're talk about urban development and some of the challenges due to climate change . in coven huh? ah, ah, ah, the chinese president's visit to russia is historic, for a number of reasons. first to accent, the growing russia, china strategic partnership, and 2nd, to demonstrate what both countries publicly advocated the transition to a multi polar world beyond american hegemony. thank hi i'm rick sanchez and i'm here to play with you. whatever you do, you do not watch my new show. seriously. why watch something that's so different. my little opinion that you won't get anywhere else work of it please. if you have the state department, the cia weapons, bankers, multi $1000000000.00 corporations, choose your facts for you. go ahead by change and whatever you do. don't watch my show, stay mainstream because i'm probably gonna make you uncomfortable. my show is called direct impact. but again, you probably don

in this sense, professionals are good at both humanitarian and financial economists.rything is correct. it's just very important. measure correctly, and the demand for such specialties, and in particular engineering specialties. today we are very important and thank you for the question. did vasilievich, we understand that you have achieved a foothold in politics precisely because you know what tolerances are for machining metal cutting. but that means don't get carried away under pressure. mikhalych, this is an important question, and it would be right if you support and continue this conversation together with the relevant ministry, because, uh, there are a lot of levers, uh, solutions that will stimulate the development of the engineering discipline. we have a budget place. they should be given priority engineering specialties. and at the same time, e does not produce those who do not create anything. once the second it was before, scholarships should be more in engineering disciplines than in the humanities two. well, and so on, therefore , here, if there would be

no economist believes this not even i read a lot of left wing economists and keynesians. none of them. there's just no scholarly economic that has this idea. everyone, the great depression came the policy mistakes of the 1930s we debate which are the important ones, but. but everyone agrees it's from the past mistakes. the 1930s are raising. maybe raising marginal tax rates. the 63%, maybe the fed clamping down on the money supply, maybe allowing the banks to fail. that was ben bernanke's idea. the problems with the gold standard, maybe it was the national recovery act as is emily's. it says maybe the the the contradiction of capital ism the contradiction of trying to raise prices relative to wages in industrial monopolies and trying to raise wages relative to prices by unions and. raising one relative to the other will make them both go up again that completely. it completely makes no sense. so at were the the political war on capital? well, this is what we debate, but nobody there is no economic that says that somehow automatic the boom of the twenties had to lead and t

the collapse of shares on the stock exchange in new york the reason for this, economists see several reasons for fraud in the land market, in the state of florida under the guise of land. a swamp was sold for elite development, october 19. scandal minister, commerce robert can't close public accounts. which means that there is no money trading went negative on the twentieth of 3.5 million, shares were sold at a loss against the backdrop of panic turned into a meeting of a terrible depression e great truly with millions of starving americans and dying of hunger and people did not receive wages unemployment exceeded 24% able-bodied population, and marches of the unemployed new president hoover tried to disperse. and this created enormous public tension. just a whopping thursday 24 october was the first of those days that would later be dubbed a period of panic and such an assessment is perhaps justified. given the state of uncertainty of fear and complete misunderstanding of the situation that gripped the public that day, 12 million, 894,650 shares were sold. and most of them are for n

for example, the economist magazine writes about the rotten american financial system and predicts thee of the silicon valley bank, the largest since 2008. perhaps a harbinger of a more global crisis, the california valley silicone bang spoke, including at technology startups that invested after him burst and the new york shinchai bank he specialized in operations with cryptocurrencies, and here and there risk management was clearly ignored, analysts are sure. but actively, squander money right and left to support the blademeter movement, for example, $74 million and another $5 billion for the green belt. well, little things for all sorts of rainbow companies in simple terms. these are the jambs of the managers of the banks themselves, that they carried out an ill-conceived credit policy in an unbalanced manner and therefore got into, uh, i would say, a gap in the prices of securities. the bank began to sell those securities at a lower cost than before the bank's customers saw that the bank had a loss. they sold the security at a loss, and if the minus means the bank has problems. a wa

so i think this will be picked over by economists for a long time. but i think some of that you're to say, journalist and author, liz hoffman and economist, julia pollock with zip recruiter, dot com, and nick bunker with indeed dot com. thanks so much for being with us today. thanks . thank you very much. so what's the bottom line? 3 years after the locked downs, millions of people have died from coven millions more lives have been shattered by the virus. and people are still getting sick with different mutations. the miracle here is that human beings all around the world have figured out how to go about their business, how to manage their families, how to connect with loved ones, how to buy stuff shop, dream travel, just generally bounce back. but the disruption to work is really permanent. companies and governments are saying come back to the office and people are resisting. most likely, some kind of compromise will be reached, where many jobs become hybrid, half in offices, and the other half. well, anywhere, there's no stopping the tech advances

sophie, from the economist, _ going on. sophie, from the economist, thank - going on.ou for i going on. sophie, from the i economist, thank you for your going on. sophie, from the - economist, thank you for your time. to the uk... heavy snowfall has brought treacherous conditions across the uk today with one major motorway brought to a standstill overnight. some travellers have been left standed and mountain rescue teams have been deployed to help out. amber weather warnings remain in place across parts of england and north wales until this afternoon. simonjones reports. so, these are the current scenes on the m62 towards saddleworth. no sign as to when we are actually going to get off here. this is not where you would want to be in the early hours on a freezing cold night — stuck on the m62 in greater manchester. people were warned to prepare for treacherous conditions and the forecasters weren't wrong. been stuck here now for three hours coming from manchester and it doesn't seem like the situation is getting any easier. we've had gritters and police come up to try a

some economists saying 6% could be necessary.ppening in the debt space in asia. you can see the pricing going on in sovereign yields. when you take a look at what is happening in the equities picture it is a little bit different. the focus coming in over what we heard from other officials. raphael bostic saying there could be a case for the fed to cause come this summer. also echoing a view shared by the boston fed president that any decisions need to be data dependent. we are seeing most equity markets moving higher. other currencies in focus particularly japanese yen. inflation figures and the last hour decelerating for the first time in more than a year and economists turning to share their views of where the beer jay will head next. most economists think some sort of tightening by june. shery: let's get to vonnie quinn with the first word headlines. vonnie: pakistan central bank has raised its benchmark interest rate to 20% to rein in soaring inflation. this comes as the country works to resume a $6.5 million imf bailout. the

now, some economists are warning about if i could lose it's a plus credit ratings over these traditional funds. maybe you can explain to me what is the direct link between these reforms and is around fundamental economic integrity the again, i, i want to be don't be one sided on this, but it's actually very, very simple. when the government is trying to control, they very no independent legal system that we have here. business people are afraid. they're afraid that so suddenly they're going to be all kinds of new rules and nobody would protect them. they're afraid that the ip would not be protected and who wants to do a business in such a way. and it's so it's, it's straightforward. the, the, the global side of the israel is recognizing that this moves are not going to be good for the economy. and they haven't already acted, and it's like a belief that starts to emerge now within the business leadership. and therefore everybody wants to stop it. and that's the reason we had to strike. and that's the reason we had the thousands and thousands of thousands of people industry. yeah, sure. so

business leaders, economists on security chiefs are among those warning that the proposed legislation would push israel towards on autocracy when i'm, that's bring in yes, civil founder and ceo of i a ventures a platform focused on innovation. yes, a good to see you. we've really seen the power of unions in this. can we expect a strike every time that benjamin netanyahu tried to push through an unpopular reform? well, this is an interesting question. i think we have never seen such a strike. it was a strike that combine both the unions, the employers, the local businesses and the global business has all combined together. they were unified against the government against the b, b. it's on the how to make sure that this was a glide toward the hell is not continuing. so i guess every time they will feel weird lighting to hell, they will know right back. all right, well i'm not a recent report from that calculus business publication suggests that foreign investors helping, pulling billions of dollars out of israel since the new government was born in you work in the tech industry. you per

and so i think you have this kind of see this phase growth and expansion of economists. b goes now will we ever see a day when you have 100 percent? economists vehicles in 100 percent of the locations like every neighborhood, every city, every state and so on. maybe that's very, very far away. you know, more than even decades. who knows, maybe there are some places where it will never happen. we just can't say for sure, it depends on how the technology evolves, how rapidly ai really proves itself. but, but, you know, i think we're going to, we're what we already see in place, and we're going to see it continuously expand and go over the next step, few decades. when i come to technology adoption, there's always a learning curve will be an early adopter of the mainstream and then the laggards. so how long do you think before we can achieve mainstream adoption? again, there is just so much uncertainty. i mean, whatever i say is going to be, you know, rather significant speculation. because again, it just depends on the technology and all of it to attributes. so, you know, i

show this week in the wall street wiseguys are back steve forbes and andy pozen are here plus famed economist is wording the markets are going to get hit by a perfect storm sheer, he will explain plus the ceo reacts to a new crisis brewing in the housing market. all that coming up but first another surprising jobs report out. 311,000 jobs added to the economy in the month of february versus the expectation of 205,000. the unemployment rate take tire to 3.6% and average wages were flat month over month, joining me forbes media chairman steve forbes and former ckd restaurant ceo andy puzder, great to see you thanks so much for being here. let me kick it off with you steve forbes wages seem to be the headline in this report they were up 3107% january and up to tens of 8% in february i would call that a flat showing, what say you. >> it is a flat showing it is been observed a lot of the jobs are being created and industries traditionally with lower pay and it's very strange that a lot of economists are saying g that's a good thing because the fed won't be quite as the aggressive when raising inte

so i think fully, economists driving is already here. so fully head thomas driving is happening right in our backyard in phoenix, arizona. where way mom is providing fully driverless rides, i think cruise is getting ready to launch some driverless rides. they are already offering driverless rides, i think in san francisco. so i driverless autonomy, you know, because they are here already. and essentially what we're going to see, i think over the next few decades. so it is maybe 20 to 30 years. we will just see, i think in increasing prevalence in increasing rollout of driving less b goals in our you know, in our neighborhoods, in our cities. and so it's just going to be placed by place and, you know, geography by geography. so i think what we're seeing is essentially autonomy to be goes making a phased space you know, kind of introduction into our transportation ecosystem. there are some places where maybe it's a little easier or makes more sense to deploy sooner rather than later. and so i think you have this kind of see this phase to g