the federal reserve act was amended in 1935 to increase the power of the federal reserve board and decrease the power of the regional reserve banks, but it's basically the same system that glass proposed, a federal not a national banking system unique in the world. it's 90% of what glass first proposed in 1913. second, the securities exchange act of 1934 creating the sec. every year, every time there is a new election, new president comes in they always have a book of reforms and one of the reforms is to get rid of the sec. there are too many agencies. we have 13 agencies regulating finances. they ought to be combined or the sec should be rolled in with the commodity futures trading commission, whatever. it's never happened. the sec today is still the independent agency that glass envisioned in 1934. the glass-steagall act, well, we know what happened. first the fed, then congress got rid of the provisions banning securities affiliates. that's a major change. today banks engage in all types of securities activities. but the other provisions of the glass-steagall act, deposit insurance, limits on bank lending for speculation, proh

the federal reserve was created by congress as the nation's central bank to promote a stable economy and a safer, more flexible financial system. among the federal reserve's responsibilities is conducting the nation's monetary policy with the mandate of promoting maximum employment, stable prices and moderate long-term interest rates. in addition to its monetary policy role, it oversees a significant portion of the banking sector, including large regional and community banks, as well as certain nonbanks and aims to forest ar safe and efficient payment and settlement system. with this in mind, it is important that we nominate an confirm well-qualified candidates with different perspectives to the positions of gonches, to ensure robust debate and more effective decisions. before turning to dr. shelton and dr. waller, i'm entering into the record a letter from over 100 economists supporting the nomination of dr. waller and also an article from the "wall street journal" supporting dr. shelton, titled the war on judy shelton. dr. shelton's experience working for nonprofits and academic ins

liberalism into this area which was the idea that the can teach the doors are wall street and the federal reserve bank could could run riot all over latin america kill people kill leaders install puppet dictators steal more wealth steal aggro. ultra world and so this is a problem that's been going on for 500 years because it is the solution of because it is a way for everyone in these countries to regain their sovereignty against the doors of money and that's why you see the adoption rates in argentina venezuela mexico skyrocket a bit coy because they realize this is karma this is karma now the money pushers in washington and they're the ones who are going to end up at the bottom of the ocean and we're going to rise up well the credit he said or is that rule us now have an unfortunate future just like the spanish conquistadores did as well i reckon and for the same exact reasons and we'll get to that by the end of this episode if we get through this episode because you know montezuma's revenge is also a thing and it is coming well you know looking at this bar they show that a new chemical analysis of

situation and he ended by saying buy silver so it sounds like kaiser or well remember the federal reserve bank is as much a government institution as federal express it's not. private banks servicing private private banks are engaged in a massive fraud as we say now that something like this corona virus is a direct result of the responsible being central banks and people are dying always a victimless crime all right i'll take a break when i come back much more coming your way. briggs it is a reality in the u.k. is finally out of the european union now what kind of relationship. with europe and the u.s. also secretary of state might ask do you think americans care ukraine. joins me every day on the alex salmond sure and i'll be speaking to the world of politics . i'm show business. welcome back to the kaiser report imax kaiser when i think of this background it's a different background part one vote down on the comments let's see what you think and then we'll ignore them so anyway if you're trying to fly me on twitter it's real max kaiser the max kaiser twitter handle is big retired museum you

situation and he ended by saying buy silver so it sounds like kaiser or well remember the federal reserve bank is as much a government institution as federal express it's not. private banks servicing private private banks are engaged in a massive fraud and as we say now that something like this corona virus is a direct result of irresponsibility in central banks and people are dying always a victimless crime all right got to take a break when we come back much more coming your way. i walk through the streets of moscow now drew blood 100 people i was down the heat of what had the changes of leukaemia in the blood that they don't have to keep because in order for them to have the timi they need to d.n.a. changes they also need an environment that's receptive and one of the biggest areas of growth medicine in the future is be targeting. changing so the cancer doesn't want to. so the politicians have basically stuck the american public with the delegate to negotiate for drugs and both parties who are financed very heavily by the pharmaceutical industry have done this so when your own people vote t

situation and he ended by saying buy silver so it sounds like kaiser or well remember the federal reserve bank is as much a government institution as federal express it's not it's a private bank servicing private private banks are engaged in a massive fraud as we say now that something like this corona virus is a direct result of the responsibility in central banks and people are dying by waves of it the most cruel all right go take a break when we come back much more coming your way. in this community there are people who believe that it's ok to sell fracking food it's really hard there are no jobs and you see that i've got kids that ask and as a parent. i can come up with lots of arguments there's a lot of conflict in the game between the close of the conflict i would say overall is around money and most of their money is made. up so close well you know the children. each other is good business the state of california alone makes 6000000000 dollars a year of prison complexes you get some point in your life where. you don't care anymore nobody cares about your so you don't care about anything

situation and he ended by saying buy silver so it sounds like kaiser or well remember the federal reserve bank is as much a government institution as federal express it's not. a private bank servicing private private banks are engaged in a massive fraud as we say now that something like this corona virus is a direct result of feel that responsibility in such a bank some people are dying always of it the most cruel all right go take a break when we come back much more coming your way. with the pope's isn't just do something to. put themselves on the line to get accepted or rejected. so when you want to be president and you. want to. have to go right to the press this is what before 3 in the morning can't be good. i'm interested always in the waters of the. soup. welcome back to the kaiser report imax kaiser when i think of this background it's a different background the part one vote down on the comments let's see what you think and then we'll ignore them so any way to try to find me on twitter it's real max kaiser the kaiser twitter handle is big retired museum you can go through it and see 10

situation and he ended by saying buy silver so it sounds like kaiser or well remember the federal reserve bank is as much a government institution as federal express it's not. the private banks servicing private private banks are engaged in a massive fraud as we say now that something like this corona virus is a direct result of fear out irresponsible doing such a bang some people are dying always a bit the most cruel all right go take a break when we come back much more coming your way. seems wrong but. just don't call. me if you get to say proud just being educated and in gain from it because betrayal. when so many find themselves worlds apart we choose to look for common ground. what politicians do something to. put themselves on the line. to get accepted or rejected. so when you want to be president or injury. or something want to. have to go right to be close this is what before 3 in the morning can people get. interested in the waters in the. first city. welcome back to the kaiser report imax kaiser when i think of this background it's a different background in part one vote down on the

situation and he ended by saying buy silver so it sounds like kaiser report well remember the federal reserve bank is as much a government institution as federal express right it's not it's a private bank servicing private private banks are engaged in a massive fraud as we say now that something like this corona virus is a direct result of irresponsibility in such a bank some people are dying but ways of victimless crime all right go take a break when we come back much more coming your way. in this community there are people who believe. it's really hard there are no jobs and you see the kids. and as a pair. of us there's a lot of conflict within the game between the 2 teams most of the conflicts i would say are over the. close one on each other and it's each other is good business the state of california makes $6000000000.00 a year of the prison complex to get some $25.00 where. you don't care. so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race is often very dramatic development only closely i'm going to resist i don't see how that strateg

situation and he ended by saying buy silver so it sounds like kaiser report well remember the federal reserve bank is as much a government institution as federal express right now it's not it's a private bank servicing private private banks are engaged in a massive fraud as we see now that something like this corona virus is a direct result of irresponsibility in such a bank some people are dying but weighs a victimless crime all right go take a break when we come back much more coming your way. so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race move this on off and spearing dramatic development only personally i'm going to resist i don't see how that strategy will be successful very critical time time to sit down and talk. thinking of getting a new phone the ones we've gotten here she has no problem was as he didn't know until he was trapped in this tiny little wired how much we don't need a crate with him he will just start freaking out in she will want to spray him anywhere near. breeding dogs or caged in the into lane conditions on pupp

the federal reserve was created by congress as the nation's central bank to promote a stable economy and a safer more flexible financial system. among the federal reserve responsibility is conducting the nation monetary policy with the mandated promoting maximum employment, and moderate long-term interest rate. in addition to its monetary policy that oversees a significant portion of the sector including large, regional and community banks as well as certain nonbanks. it aims to foster a safe and efficient payment and settlement system. with this in mind it is important that we nominate and confirm well-qualified candidates with different perspective to the position of governors to ensure robust debate and more effective decisions. before turning to doctor shelton and doctor waller, i am interning to the record or lumber under letter from a hundred economists supporting the nomination and also an article from the wall street journal supporting doctor shelton titled the war on judy shelton. doctor shelton most recently served as executive director for the european bank for reconstructi

the federal reserve bank of new york — it is built on bedrock, so the gold can be stacked one on top on clay, we have floor loading, which is why we have the gold in its own pallet. during the second world war, the vault was turned into a staff canteen, with all the gold being temporarily shipped off to canada. the area was used as an air raid shelter and it had a canteen, had a billiards table, it had beds in. and ever since the bank was founded in 1694, no one has ever stolen the gold. frank gardner, bbc news, at the bank of england. the political landscape in ireland has been transformed by a surge in support for the republican party, sinn fein, in the general election. sinn fein has long been recognised as the political voice behind the ira, which was responsible for the deaths of some 1700 people during the time of the so—called troubles in northern ireland. initial results suggest they have — at the very least — matched the vote shares of the two main centrist parties fine gael and fianna fail, which have dominated irish politics for decades. chris page has followed the count i

sample reservoir virus as i think that would be an apt description of the balance sheet of the federal reserve bank as just a reservoir of viruses all right well that's going to do it for this episode of the kaiser a par with me max kaiser stacy herbert like to thank our guest david morgan of the morgan report and i stand by al. leg. length. live. live. live . live. live. oh. please. live. lists lists lists lists. lists. and very well might continue watching on since last. so the politicians have basically stuck the american public with the bellotti to negotiate for drugs and both parties who are financed very heavily by the pharmaceutical industry have done this so when your own people vote they should look at how much does this politician get from the power pharmaceutical industry. and. there are a lot of lawmakers in the state of missouri that we know receive huge financial contributions from agricultural industry groups those are the groups that oppose proposition b. and there is no doubt in our minds that those same groups pressured lawmakers.

federal reserve governor. experience as ng a senior reserve bank official i was deeply involved in policy issues confronting the federal reserve. but in my role i also spent a substantial amount of time to members of our community about how monetary olicy affected their lives and their businesses. that public input affected how i and its bout policy consequences. i also learned how valuable it communicate clearly to the public what our policies pursuing hy we were them. in addition to my experience as official i wasve an academic for over 25 years i did a substantial amount theory rch on monetary and policy. i've written extensively on bank ndependence for the conduct of monetary policy. my research also focused on the entral bank can be made accountable to the electorate without giving up its independence. studied the , i importance of the nomination and onfirmation process in achieving central bank accountability. federal reserve has been given tremendous responsibility by congress to use its policies the lives of the citizenry. congress has also given the federal reserve tremendous to pursue those policies a

liberalism into this area which was the idea that the county said doors are wall street and the federal reserve bank could could run riot all over latin america kill people kill leaders install puppet dictators steal more wealth steal aggro. ultra world and so this is a problem that's been going on for 500 years because it is the solution of because it is a way for everyone in these countries to regain their sovereignty against the doors of money and that's why you see the adoption rates in argentina venezuela mexico skyrocket a bit coy because they realize this is karma this is karma now the money pushers in washington and they're the ones who are going to end up at the bottom of the ocean and we're going to rise up well the credit he said or is that rule us now have an unfortunate future just like the spanish conquistadores did as well i reckon and for the same exact reasons and we'll get to that by the end of this episode if we get through this episode because you know montezuma's revenge is also a thing and it is coming well you know looking at this bar they show that a new chemical analysis of

super reservoir virus as i think that would be an apt description of the balance sheet of the federal reserve bank as just a reservoir of viruses all right well that's going to do it for this episode of the kaiser a par with me max kaiser stacy herbert like to thank our guest david margan of the margan report until next time i'll. it's a good solid. model. and we're going to fulfill the repeated promises apologise to the people and promise to be you know we will butts the truth. you read we pretty. much. pretty good bertha now you want to 1st correct that. no. balls. cut cut cut. cut cut cut. i'll be done this the day i die and i hope not i hope i don't have to spend my days gonna save dogs you know you can't save mall and then you drive by barnes and you look at warner as a dog for. the sad thing is it's legal they're allowed to do this to these dogs. i mean 67 years you know they've been locked up in cages outside.

super reservoir virus as i think that would be an apt description of the balance sheet of the federal reserve bank as just a reservoir of viruses all right well that's going to do it for this episode of the kaiser par with me max kaiser stacy herbert like to thank our guest david morgan of the morgan report and i stand by i'll. join me every thursday on the alex simon show and i'll be speaking to guest of the world of politics small business i'm show business i'll see you then. thinking of getting a beauty once begun. i want you to know that there are constraints in this you know wired people. near the crate with him he will stir freaking out in she will want to spray him anywhere near and thousands of breeding dogs are caged in the into lane conditions on puppy farms i mean 67 years you know they've been locked up in a cage outside you see no protection from the weather the heat you know the courtier the rain the snow the funder nothing they have no protection. particularly you. know it's ok. across the u.s. cruel puppy mills are supported by dog shows and pet stores most of the puppies that are

reservoir a virus as i think that would be an apt description of the balance sheet of the federal reserve bank as just a reservoir of viruses all right well that's going to do it for this episode of the kaiser a par with me max kaiser stacy herbert like to thank our guest david morgan of the morgan report until next time i'll. join me every thursday on the alex salmond show and i'll be speaking to guest of the world of politics school business i'm show business i'll see you then. syria defends his military campaign against terrorist groups at an emergency session of the un security council of the western power with calls but a truce in is. the chair of the us democratic national committee calls for the heavily delayed results of the audio to be reassessed concern regularities. a key regional prime minister stepped down in germany right after being elected that some of the huge fallout over a u.v. it struck between the german chancellor's policy on the right wing alternative for germany.

reservoir a virus as i think that would be an apt description of the balance sheet of the federal reserve bank as just a reservoir of viruses all right well that's going to do it for this episode of the kaiser a par with me max kaiser stacy herbert like to thank our guest david morgan of the morgan report until i stop. thinking of getting a beauty once begun and. i want to know if there are constraints in this you know wired people who need to create with him he will. freaking out when it's pretty much anywhere near thousands of breeding dogs a page to conditions on pumping i mean 67 years you know they've been locked up in cage outside use. no protection from the weather the heat you know the courtier the rain the snow the funder nothing they have no protection. for you. it's ok. across the u.s. cruel puppy mills are supported by dog shows and stores most of the puppies that are coming from these large scale factory farming kind of operations are being sold and at stores even joined a group businesses are involved like cargill the mom center there has been a shocking amount of organized oppos

narayana kocherlakota, former president of the federal reserve bank of minneapolis.e want to bring you some breaking news. palo alto networks down about 14% after hours. the big cybersecurity software company, just to go through the revenue. $816 million. they are guiding down 3q revenue. their estimate was $872. estimate coming down full-year. this is bloomberg. ♪ is is bloomberg. ♪ scarlet: let's get a quick check of the latest business flash headlines. targeting alternative asset managers again. dial wants to raise at least $9 billion to buy minority stakes. the firm has done this four times before. they want to invest in future funds or new strategy. more problems for wework. resignedcutive has during an investigation into inappropriate workplace conduct. a romanticedly had relationship with a member of his team. that is your business flash update. ♪ beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. be

happening in other markets >> next u credit card debt rising to $930 billion according to the federal reserve bank $930 billion with a b. some red flags serious delinquencies, those more than 90 days late now the highest they've been in almost eight years. no surprise, credit card stocks like mastercard and visa are trading near all time highs. but i want to point out in this same report we also saw that total household debt though it rose to 14 trillion for the first time, as a percentage of disposable income is at loss going back to 1980 >> the ability to carry the debt is higher. >> that's right. >> but debt leverage is always th next bottom finally a new move in the fight to tackle childhool stop runnin where's the under 12 crowd makes up 25% of the audience for television, and other measurable data unilever blog post citing the world health organization childhood obesity one of the most serious public health issues of the 21st century >> it's too late my 6 he-year-old twins are asking me now if they can netflix and chill. when i raise my eyebrows they mention ice cream. >>> up next, softbank'

according to new york's federal reserve bank, total household debt has reached more than $14 trillion2019. that's the fastest increase in 12 years. the federal bank says mortgage originations pushed up by an increase, and refinancing also skyrocketed, and so did credit card debt. that rose by $57 billion last year. >>> another battle in congress as lawmakers debate the iran war powers resolution. a look at a measure receiving bipartisan support. ♪ ♪ ♪ ♪ ♪ blow a kiss into the sun ♪ we need someone to lean on the new xc90 available with six seats. xc90. recharged. ♪ ♪ save up to $2,000 in allowances on select new volvo models through march 2nd. visit your local volvo dealer. and now for their service to the community, we present limu emu & doug with this key to the city. [ applause ] it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. and now we need to get back to work. [ applause and band playing ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ putting term limits on congress, about washington insiders we

and this is just hitting the tapered patrick harker ahead of the federal reserve bank is now saying that economy is stable enough and on track to reach the elusive 2% inflation target. that is the level the fed has been trying to swat at and cannot reach it. over months and months and quarters and quarters and years and years. but at the moment patrick harker says the economy is in good enough shape to do that. we will be watching it very closely. but he does put in the caveat, watch out for the effect of the coronavirus. they could affect in some way shape or form, you have to watch the development. president trump $4.8 trillion budget plan was delivered a few hours ago and already turning heads at the nation's capital. big-budget slashes to the epa, environmental protection agency foreign aid, health human services department in the education department. but that has not got the eyebrows rates, it is a cuts to medicare medicaid. where will we see more spending, the department of homeland security, nafta and money allocated to his promise border wall between the u.s. and mexico. let us

the federal reserve bank of new york...t. during the second world war, the vault was turned into a staff canteen, with all the gold being temporarily shipped off to canada. the area was used as an air raid shelter and it had a canteen, had a billiards table, it had beds in. and ever since the bank was founded in 1694, no one has ever stolen the gold. frank gardner, bbc news, at the bank of england. now, this isn't your standard four—legged race. this llama race takes place at 4,000 metres above sea level in the ecuadorian andes. the jockeys are children as young as four years old. this year's winner was a ten—year—old called daya na. she said, it gives me a lot of excitement and my heart says when i can win or not. congratulations to her. now it's time for a look at the weather with elizabeth rizzini. we are still feeling the effects of the storm, but it has now passed off to the south—east. that is where we are seeing some of the strongest gusts of wind. and across other areas of europe, but the storm itself is across part

, i know that there's a joint conference between bank of england and the federal reservei think it will be in its third year now. the central banking system around the world is starting to recognize and address this. right, university of kansas professor of economics. thanks for joining us. still to come, toyota boosts is for your outlook despite the coronavirus and the global slowdown. more on the upbeat forecast in a moment. this is bloomberg. ♪ taylor: this is bloomberg markets. another stock that rallied on earnings this week's twitter. the company beat revenue and user growth estimates in the fourth quarter. i spoke with the ceo -- cfo. >> if you go back a few years, twitter wasn't as good at moving fast at testing, having the confidence to try new things. they were more sacred cows around the product experience. we are moving faster and trying things. whether it's allowing people to move quickly back and forth between a chronological and algorithmic timeline or changes we have made to allow people to follow topics. we are getting better at moving faster. >> you are

federal reserve. i would expect that from hhs and other agency like that. our chinese economic or central bank officials in contact with the federal reserve or counterparts around the world to help you understand that economic impact, though? andgnizing the dishonesty lack of transparency health officials and political leaders? chair powell: i am absolutely sure that will be the case. i think it is too early to say. no one really knows. a big focus is containing the outbreak. and theral bank government itself, the rest of the government, have been undertaking lots of measures to support economic activity. more, we as they know will, too. we have that kind of a relationship with their central bank. trumpant to commend the administration for taking decisive action to stop travel from china, other actions getting testing kits to the front lines. we only have 13 confirmed cases in the united states. hopefully there will not be many more. if there is not a widespread outbreak in the united states because of actions the united states government took, is the main economic risk the fragility of supply

even former chair of the federal reserve, america's central bank, said it was conceivable that this outbreakonomy into a recession. and companies continue to respond. facebook is cancelling its developers' conference. it is facebook‘s biggest annual event, and they are doing so because of concerns over the coronavirus. united airlines is now letting customers change their flights to italy because of the outbreak in that country. and, despite attempts by the trump administration to calm americans by appointing vice president mike pence to lead america's response to the virus, wall street remains unconvinced. samira hussain in new york for us. for more on this, i am joint in our studio by our asia business correspondent karishma vaswani. asian markets have been reacting to this for a month and then wall street started to catch up, and now we're starting to see that impact on asian markets yet again. yes, i think what we saw in early phase of this, when asian markets were reacting to daily updates from china, as the virus spread across china, that caused factories not to reopen as quickly as pe

that, too. >> of course i i wouldn't expet that from the federal reserve, hhs, cdc and other agencies like that. our chinese economic or central bank officials in contact with the federal reserve or other counterparts around the world to try to help you understand that economic impact? recognizing the dishonesty lack of transparency that health officials and political leaders? >> on i'm absolutely sure that would be the case. there have been some conversation but it's too early to say. no one reallyle knows. they ared focused on, big focus is containing thens outbreak. of course the central bank and the government itself, the rest of the government, have been undertaken lots of measures to support economic activity. certainly as they know more, we will know that, too. we of course have that kind of relationship with their central banks. >> okay. i want to commend the trump administration for taking decisive action to stop travel from china and other steps in terms of contact tracing and try to get testing kits out to the front lines. right now we'll have 13 confirmed cases in the united states. we can be confident there's more than

federal reserve. get that from hhs and cdc and other agencies like that. our chinese economic or central bank officials in contact with the federal reserve or the other counterparts around the world to try to help you and your counterparts understand the economic impact though,ar recognizing the dishonesty and lack of transparency that health officials and political leaders? >> i'm absolute sure that will be the case. there's been some conversation but it's toooo early to say. i think no one really knows. i think the big focus is containing the outbreak. of course the central bank and the government itself, the rest of the government have been undertaking lots of measures to support economic activity. certainly as they know more, we will know that, too. we of course have that kind of relationship with their central bank. >> i want to commend the trump administration were taking decisive action a couple weeks ago to stop> travel from china, the other steps in terms of try to get testing kits out to the front lines. right now as at this point will have 13 13 confirmed cases in e united states.

coronavirus is being dealt with the federal reserve actually could cut interest rates in other time and it's not just the federal reserve but also the people's bank of china reacting so it's all this cheap money flooding the markets that is keeping the rally on wall street to life and scott on wall street's thanks so much and it seems no event is a new to the effects of the outbreak the singapore air show is the biggest gathering of its kind in asia its last edition 2 years ago attracted more than assizes companies this year though the numbers are down. flying in the face of adversity these chinese fighter jets did make it to the singapore airshow this week plenty more didn't. buy any ill aerospace event opened on shoes day but the deadly corona virus outbreak has seriously clipped its wings singapore is a long way from china but it has reported 45 cases so far. as a result over 70 exhibitors including major players such as military aircraft maker lockheed martin and the canadian plan maker bombardier have skipped the event. at least 10 chinese companies are also not here to travel ban on those coming from the country imposed by singapore. well i

the federal reserve bank will have an operation where they are trying to convene resources around issues of education and poverty and things like that in poor communities, but we do not have the ability to spend money on it. we get community people around a table and try to organize things that help the community, as i'm sure you know. it is not something we can do a lot about other than research and do our jobs on monetary policy. >> if i could have another 10 seconds, mr. chairman, i was distracted because you were talking. stay independent. i think you're doing a great job and all of us in politics are going to give you plenty of advice, but call them like you see them. thank you. >> chairman powell, it is great to see you again. thank you for being here and always being responsive, but let me follow-up on this line of discussion of maximum employment. you keep talking about level of educational attainment that is so important. what do you define as education? >> it includes the kind of training people are getting out of high school. it is not meant to be limited to college as such or

expectations among among investors and traders that this is really going to force the federal reserve and other central banks to respond with more interest rate cuts the other interesting market you've mentioned was oil oil has also been hit really hard by this this is obviously going to reduce demand for oil in part from from airlines from from manufacturers but it's also raising sort of existential questions about the future of the opec suppliers they're holding a meeting next week and there's already been a big rift between russia and other oil suppliers so i think investors are really focusing on that as well as you let me thank you phil chime in. and most trouble in paradise before we go you would have heard about the tourists traps on cruise ships because of the coronavirus now no one's allowed to leave a hotel on spain's canary island 8 h. 10 costa daisy palace on terror if is on to track down old lockdown rather after a visiting italian doctor tested positive for the virus is footage was filmed by a british guest i'm stuck in the hotel he's now mr this flight italian doctor who caught the disease is

coronavirus is being dealt with the federal reserve actually could cut interest rates in other time and it's not just the federal reserve but also the people's bank of china reacting so it's all just cheap money flooding the markets that is keeping the rally on wall street delight and scott on wall street thanks so much t.-mo bile is one step closer to taking over u.s. mobile network sprint after a judge ruled that the $26000000000.00 deal does not fall foul of competition laws opponents of the deal say prices will rise since the sprint purchase would bring the number of u.s. mobile networks down from for it to just 3 t. mobile says the agreement is likely to be signed as early as april. to iran where hundreds of thousands of people have been marking the anniversary of the 1979 islamic revolution the uprising led to the toppling of the country's monarchy and the establishment of a c. across a police state but 4 decades on the country is dominated by ever soaring tensions but the united states and then the economy that's been crippled by sanctions. it could be a birthday serenade the street musician is playing here in the north of terror but irani

end to checks, no more checks, credit cards take over and checks are gone, but as today, the federal reserve bank of st. louis says we've actually got twice as much cash in the system as we've had 10 years ago and still have as many checks issued today 40 years ago, 50 years ago when credit cards came out and now we have all different sorts of payment systems out there. if i was a new-- funding a new business today i would have all of these kinds of payments because it enhances ability of myself to be a new business, to transact business and attract everybody in and enable them to make the transaction. when people get exercised here, this is going to happen, that's going to happen, take a deep breath and step back. this is an alternative, another way of doing this. i come from the point of view of, okay, how can we do this in a safe fashion. and i think ms. ford made good closing comments in her testimony a minutes ago, and i think miss tetreault made comments with regard to libra and cryptocurrencies and that's used for money laundering. enabling people to do fraud and launder money. it's the ab

meeting of the federal reserve those bedstand at 100 percent and a good 90 percent of market participants even believe that the federal reserve could cut rates by 50 basis points of bank of america saying that it's also possible that we could see an extraordinary meeting so that the fed might even cut rates before so let's wait and see a lot all to be depends if the markets will calm down in the next couple of days. you know i've been watching these these markets all week give me an idea what kind of week has this been for global markets. it's been a crazy week we were down by was that all jones industrial average this week alone by a good 12 percent so this speed that we saw was those losses that is highly unusual and this year for it it's been the worst week since the financial crisis what traders are fearing is that market participants might be driven by their starmaker not by their brains so that actually emotions might take over and investors might start doing silly stuff what we also saw all week long is that we had automated to a computer programs also influencing the market so it has been pretty wild week and the jury is still out if what we saw here on friday

bank of china react? responds isy it similar to the federal reserve, ecb, bank of japan would respond, but it cannot havena's economy does not get as impacted by a change in interest rate. tom: where does it come from? tony: through the credit channel because it can create more money , and the fractional reserve banking system. pboc puts more money in the banking system, they will likely have more money exist and more money for aggregate demand. two weeks ago, the bank of china injected 1.7 of its trill -- 1.7 billion of its currency and its market. that was the week when equity markets locally turned. just 10cy rate was basis points. they know that liquidity matters. it means there will be more money. they are planting seeds for future money growth. that is why the second half of the year has greater potential for a rebound in economic growth because there will be more credit growth, more money made available to businesses and households. francine: talk about how they would you -- use currency. do they weaponize renminbi? tony: it is likely to tread carefully on the currency because it is still dealing

a question is drawn from the federal reserve bank designed to measure people's access to savings in the event of emergency. you may have heard 42% of the u.s. population couldn't access $400 in an emergency. we asked that same question. our finding higher figures in san francisco compared to the national figures as well. we don't ask in the survey questions about housing. that could turn the survey into a longer survey. we will get at those in the in depth interviews to tr try to understand those circumstances. we will have the information how many people are commuting in here to work but living in far-flung places. at santa cruz the students come up for the weekend, work 16 hours, sleep in the car, work 16 hours straight and then come back to school. that is tough to be living in this housing cost with these labor market conditions. >> i want to say thank you. this is fascinating. i also have -- it helps itself these preliminary findings about the impact that the economy has on our income and wealth gap. i ask every time on a slide i ask more questions. what is the earning gap to meet