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Apr 7, 2019
04/19
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not quite from the same mold as larry summers. does this compromise the perception of the federal reserve independence? krishna: if you want the fed to say 9-9-9, you nominate herman cain. to some extent it is basically demeaning the fed. it doesn't mean that you should not take input from the business community. the fed has very detailed processes to incorporate those points. but nominating herman cain to the fed, or for that matter, nominating stephen moore, where he has said so many bad things, i don't think is the right move. jonathan: i don't want to judge the intent of the administration. ultimately, the perception of this matters. if these guys get confirmed to the federal reserve, in your mind, has this federal reserve lost some form of independence? >> i don't know if i would go there from a policy perspective. saying they lost independence. you are seeing an analysis that the fed is doing. typically you have people studying economic cycles. you look at 2004, 2006, gauge the reaction function from the monetary policy side
not quite from the same mold as larry summers. does this compromise the perception of the federal reserve independence? krishna: if you want the fed to say 9-9-9, you nominate herman cain. to some extent it is basically demeaning the fed. it doesn't mean that you should not take input from the business community. the fed has very detailed processes to incorporate those points. but nominating herman cain to the fed, or for that matter, nominating stephen moore, where he has said so many bad...
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Apr 1, 2019
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more with larry summers later. >>> we want to check on the lyft pricing now. see. second day of trading. after it popped on it ipo day, it closed near the session lows of the day, up a little more than 8%. steep drop today so if you bought on that ipo, you know, around the pricing, at $72, now we're below that price and you're down. >> especially if you're locked in not able to get out at least at this point jim's point earlier this morning, was that it had to hold 72 to remain a positive comment on the overall market. obviously that failed the question now is how it might affect pricing for others who are still in the pipeline. >> right, certainly not as positive as the reaction so far that we got from levi's. the question is how much do you make in a second day trading how much do you read into first day pop and the second day pop the first is going to be when the company reports earnings and the questions about profitability, and the fact that in -- they have a risk factor, we have a history of net losses and may not be able to achieve or maintain profitabi
more with larry summers later. >>> we want to check on the lyft pricing now. see. second day of trading. after it popped on it ipo day, it closed near the session lows of the day, up a little more than 8%. steep drop today so if you bought on that ipo, you know, around the pricing, at $72, now we're below that price and you're down. >> especially if you're locked in not able to get out at least at this point jim's point earlier this morning, was that it had to hold 72 to remain a...
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Apr 27, 2019
04/19
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so from hartford present an economic adviser larry summers said the budget forecast will rise to 3%,ecause of the administration policies. there enough of you believe in the tooth fairy and ludicrous supply-side economics been so larry summers got it wrong but liberal economist and new york times columnist got it really braun saying the president. >> cuts are ineffective and the text bubble may be deflating an this quoting i think that there is quite good chance we will have a recession later this yea or next year. they went on to say the ministration doesn't have an infective response is stuffed slows down. remember the economy had a significant rate despite a, shu down in january and despite an ongoing tradede dispute with ch and paul krugman isn't the only one who brought up the r word. >> the deals are slipping a negative for the first time since 2007 right before the great recession. sometimes in this happens this indicates another recession may be coming. >> sure it is coming. it's been falling since we had one very good quarter last year at the beginning and since then it has
so from hartford present an economic adviser larry summers said the budget forecast will rise to 3%,ecause of the administration policies. there enough of you believe in the tooth fairy and ludicrous supply-side economics been so larry summers got it wrong but liberal economist and new york times columnist got it really braun saying the president. >> cuts are ineffective and the text bubble may be deflating an this quoting i think that there is quite good chance we will have a recession...
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Apr 27, 2019
04/19
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former harvard president and obama economic adviser larry summers said, quote, the budget forecast thatl rise to 3% because of the administration's policies. fair enough if you believe in tooth fairies and ludicrous supply side economics. so larry summers got it wrong but liberal economist got it really wrong saying, the president's tax cuts are ineffective, the tech bubble may be deflating and this, quoting, i think there is a good chance that we will have a recession late this year or next year. he went on to say that the administration doesn't have an effective response if stuff slows down. but remember the economy grew at a significant rate despite a government shutdown in january and despite an ongoing trade dispute with cry that. and paul isn't the only one who brought up the r word. >> there's the key indicator david right here, the so-called yield curve flipping to negative for if first time since 2007 right before the great recession pep sometimes when this happens it can indicate another recession may be coming. >> for sure the economy is slowing. it's been slowing since we ha
former harvard president and obama economic adviser larry summers said, quote, the budget forecast thatl rise to 3% because of the administration's policies. fair enough if you believe in tooth fairies and ludicrous supply side economics. so larry summers got it wrong but liberal economist got it really wrong saying, the president's tax cuts are ineffective, the tech bubble may be deflating and this, quoting, i think there is a good chance that we will have a recession late this year or next...
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Apr 9, 2019
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much less an individual taxpayer matter involving the president of the united states. >> larry summersw perspective to this saying it's completely barred for the treasury secretary intervening. here is the oval office with the president sitting with egypt's president being asked questions. >> cleaning house at dhs, what would you like to achieve? >> i don't know who came up with that expression. we have bad laws. we have a judge that ruled he doesn't want people staying in mexico. figure that one out. nobody can believe these decisions we're getting from the 9th circuit. it's a disgrace. we're fighting the bad laws, the bad things that are coming out of congress. you have a democrat congress that is obstructing. you talk about obstruction. the greatest obstruction anyone has ever seen. all they have to do is spend 20 minutes and they can fix this whole problem. we have the voworst laws of any country anywhere in the world. whether it's catch and release or any one of them. i could sit who are and name them. if you get rid of catch and rechase, chain migration, visa lottery. you have to
much less an individual taxpayer matter involving the president of the united states. >> larry summersw perspective to this saying it's completely barred for the treasury secretary intervening. here is the oval office with the president sitting with egypt's president being asked questions. >> cleaning house at dhs, what would you like to achieve? >> i don't know who came up with that expression. we have bad laws. we have a judge that ruled he doesn't want people staying in...
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Apr 9, 2019
04/19
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former treasury secretary larry summers, thank you very much. >> thank you. >>> it is being called thege. and the president denying he's cleaning house. we have compiled a list of the former administration officials who all told the president no before they got headed for the exits. more on our breaking news also this afternoon. actress lori loughlin is charged in that massive college admission scandal and facing another indictment. this involves money laundering. no matter where you are in life or what your dreams entail, a cfp professional is trained, knowledgeable, and committed to financial planning in your best interest. find your certified financial planner™ professional at letsmakeaplan.org. woman 1: this... woman 2: ...this... man 1: ...this is my body of proof. man 2: proof of less joint pain... woman 3: ...and clearer skin. man 3: proof that i can fight psoriatic arthritis... woman 4: ...with humira. woman 5: humira targets and blocks a specific source of inflammation that contributes to both joint and skin symptoms. it's proven to help relieve pain, stop further irreversible
former treasury secretary larry summers, thank you very much. >> thank you. >>> it is being called thege. and the president denying he's cleaning house. we have compiled a list of the former administration officials who all told the president no before they got headed for the exits. more on our breaking news also this afternoon. actress lori loughlin is charged in that massive college admission scandal and facing another indictment. this involves money laundering. no matter where...
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Apr 16, 2019
04/19
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larry summers joins the easing bias camp. china securities rises for a third month. let's look at the rest of the risks in the world. you have the nikkei rallying this morning. the nikkei is up on a four-month high. sellers of japanese equities, $22 billion. crude is up this morning. equitys not playing the bull game. you have to wait a second before i get to the aussie dollar. u.s. equities. you talk about the bull market, that record high remained elusive. we snapped three days of gains. the banks had a big part to play in that. recoupup did manage to its losses, but overall banking stocks weighing on u.s. equities overall. firmer on thele s&p 500. will we get to the record high this week? the aussie is the worst-performing g10 currency, down 0.3%. a rate cut was discussed. emerging-market equities, i have been watching them for several days. 10 straight days of gains, going back and forth a little. lower yesterday, but a little higher today, which reflects polls we are seeing in asian equity markets. let's turn to juliette saly and get details on the trading in as
larry summers joins the easing bias camp. china securities rises for a third month. let's look at the rest of the risks in the world. you have the nikkei rallying this morning. the nikkei is up on a four-month high. sellers of japanese equities, $22 billion. crude is up this morning. equitys not playing the bull game. you have to wait a second before i get to the aussie dollar. u.s. equities. you talk about the bull market, that record high remained elusive. we snapped three days of gains. the...
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Apr 10, 2019
04/19
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but former clinton treasury secretary larry summers says it's actually quite simple.ing op-ped in "the washington post" today, larry summers writes what he would do were he in secretary mnuchin's position. "for the secretary to seek to decide whether to pass on the president's tax return to congress would surely be inappropriate and probably illegal. i would surely not have done it. rather, i would have indicated to the irs commissioner that i expected the irs to comply with the law as always." joining us now, very pleased to say is lawrence summers, he's the former treasury secretary under president clinton. he's former director of the national economic counsel under president obama. he currently serves as economics professor at harvard university. he also authored this opinion piece in the "washington post" making the case the current treasury secretary shouldn't stop the irs commissioner from releasing president trump's tax returns. secretary summers, thank you for joining us. it's an honor to have you here tonight. >> good to be with you, rachel. >> one of the thi
but former clinton treasury secretary larry summers says it's actually quite simple.ing op-ped in "the washington post" today, larry summers writes what he would do were he in secretary mnuchin's position. "for the secretary to seek to decide whether to pass on the president's tax return to congress would surely be inappropriate and probably illegal. i would surely not have done it. rather, i would have indicated to the irs commissioner that i expected the irs to comply with the...
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joining me now to break all of it down, harvard professor and former treasury secretary larry summerss an amazing piece you put and i listed a few, but it seems the big picture plan is to broaden the tax base and raise revenue from the wealthiest americans. is that the case? >> yes, look, we need more revenue. the government is starved on any number of dimensions. we have to fortify social security and make sure we're doing what we need to do for our kids and infrastructure is crumbling and even with the economy booming, we have inordinant deficits as far as the eye can see. at some point we need to fortify revenue. the question is how. we argue my colleague and i that the best way to do is by broadening the tax base. that's the traditional tax reform idea. that makes the economy function better. it eliminates subsidies that causewasteful things. it achieves justice by making sure that people actually pay the taxes they owe and don't short their tax obligation or don't succeed in sheltering their income. >> let's go into the pacific details. you say your proposal is in the same spirit
joining me now to break all of it down, harvard professor and former treasury secretary larry summerss an amazing piece you put and i listed a few, but it seems the big picture plan is to broaden the tax base and raise revenue from the wealthiest americans. is that the case? >> yes, look, we need more revenue. the government is starved on any number of dimensions. we have to fortify social security and make sure we're doing what we need to do for our kids and infrastructure is crumbling...
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economy and was hope and change but what did he do he abdicated responsibility to the fed and to larry summers crew and well robert rubin screw really and these guys these unelected guys with their magical money printing machines all rescue everything and because he succumbed ultimately to magical thinking we're in the situation that we are now not max and i and i sitting here in malibu for the ready for the fires to now not us anyway that's going to fix this portion of the the report we're taking a break when i come back much more stay right there. and when else seem wrong. why don't we just don't call. me. yet to see. the answer. and in detroit. the trail. when something is find themselves worlds apart we choose to look for common ground. after the previous stage of my career was over everyone wondered what i was going to do next the ball different clubs on one hand it is logical to sort of go from fields where everything is familiar on the other i want to the new challenge and the fresh perspective i'm used to surprising us all or not if you think. i'm going to talk about football not for y
economy and was hope and change but what did he do he abdicated responsibility to the fed and to larry summers crew and well robert rubin screw really and these guys these unelected guys with their magical money printing machines all rescue everything and because he succumbed ultimately to magical thinking we're in the situation that we are now not max and i and i sitting here in malibu for the ready for the fires to now not us anyway that's going to fix this portion of the the report we're...
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economy and was hope and change but what did he do he abdicated responsibility to the fed and to larry summers crew and well robert rubin screw really and these guys these unelected guys that with their magical money printing machines all rescue everything and because he succumbed ultimately to magical thinking we're in the situation that we are now not max and i am i sitting here in malibu ready for the fires to for now not us anyway that's going to fix this portion of the the report we're taking a break when i come back much more stay right there. and when else seem wrong. why don't we just don't call. me. yet to see if. this day comes after. and in detroit equals betrayal. when something find themselves worlds apart we choose to look for common ground. i think more doogan is an outstanding person because he took on the most powerful agency in this county or you'll be to stay if you look at it from a book. mark was the day that when he was five. going to has been the most contentious critics say he is the first time i noticed something wasn't right in fleece work pretty much when i first sta
economy and was hope and change but what did he do he abdicated responsibility to the fed and to larry summers crew and well robert rubin screw really and these guys these unelected guys that with their magical money printing machines all rescue everything and because he succumbed ultimately to magical thinking we're in the situation that we are now not max and i am i sitting here in malibu ready for the fires to for now not us anyway that's going to fix this portion of the the report we're...
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period of drown drawn out stuff jus not so much having anymore in ideas and babies which is a larry summersapproach of secular stagnation but credit stagnation the me the only solution is to find a way to write off that profit and get back to a profit in which you can sustain which is about one third of where account lee is right now imagine japan is the canary in the coal mine and let's explore that a little bit because japan has been now for a couple of decades the cheapest place to borrow money they're the ones who invented quantitative easing their interest rates have been basically there for the longest and guys like ray dalyell in connecticut can borrow money from japan for free and then invest it in some other currency for what's called the carry trade or free money a positive carry rate and then leverage that up ten or fifteen times and of all wow he's a genius see he went to school he's educated. but if if so so i agree that japan is really the epicenter of this global financial ised over indebted nightmare and interest rates in japan going up would set light the fuse on a genuine
period of drown drawn out stuff jus not so much having anymore in ideas and babies which is a larry summersapproach of secular stagnation but credit stagnation the me the only solution is to find a way to write off that profit and get back to a profit in which you can sustain which is about one third of where account lee is right now imagine japan is the canary in the coal mine and let's explore that a little bit because japan has been now for a couple of decades the cheapest place to borrow...
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economy and was hope and change but what did he do he abdicated responsibility to the fed and to larry summers crew and well robert ruben's crew really and these guys these unelected guys that with their magical money printing machines all rescue everything and because he succumbed ultimately to magical thinking we're in the situation that we are now not max and i am i sitting here in malibu ready for the fires to now not us anyway that's going to this portion of the kaiser report we're taking a break when i come back much more stay right there. bracing for a single. day of a super. training very young. eight months of intensive school. rats. and they save lives. show seemed wrong. out these days comes to cancer. and in detroit equals betrayal. when something find themselves worlds apart we choose to look for common ground. hazard time now to turn to leave fox beauregard a gig economy superstar lee walk on thank you that's a cool name fox beauregard sounds a good kind of a superstar you were born to build a good economy superstar all right now we're an amazing property you are the owner of thi
economy and was hope and change but what did he do he abdicated responsibility to the fed and to larry summers crew and well robert ruben's crew really and these guys these unelected guys that with their magical money printing machines all rescue everything and because he succumbed ultimately to magical thinking we're in the situation that we are now not max and i am i sitting here in malibu ready for the fires to now not us anyway that's going to this portion of the kaiser report we're taking...
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economy and was hope and change but when he did he abdicated responsibility to the fed and to larry summers crew and robert rubin screw really and these guys these unelected guys with their magical money printing machines all rescue everything and because he succumbed ultimately to magical thinking we're in the situation that we are now not max and i am i sitting here in malibu ready for the fires to now not us anyway that's going to fix this portion of the the report we're taking a break when i come back much more stay right there. doesn't have strong policy positions maybe that was his greatest appeal though he made it clear corruption is ukraine's biggest challenge. fixing ukraine's very serious problems is no laughing matter. which. welcome back to the kaiser report i'm max keyser time now to turn to leave fox beauregard a gig economy superstar lee walk and thank you that's a cool name fox beauregard sounds like a good kind of a superstar you were born to be a good economy superstar all right now we're an amazing property you are the owner of this amazing property and it's available for
economy and was hope and change but when he did he abdicated responsibility to the fed and to larry summers crew and robert rubin screw really and these guys these unelected guys with their magical money printing machines all rescue everything and because he succumbed ultimately to magical thinking we're in the situation that we are now not max and i am i sitting here in malibu ready for the fires to now not us anyway that's going to fix this portion of the the report we're taking a break when...
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Apr 20, 2019
04/19
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. >> larry summers is one of the people talking about secular stagnation as a persistent chronic threat. kind of saying that the fed alone cannot tackle that. there is a chronic shortfall of private investment demand. more savings in investment that pushes interest rates down and the government can come in. by spending more, investing, soak up some funds. put a floor under the interest rate. carol: we talk about that with infrastructure. there is all of this private money waiting to be put to work, and yet the government has not moved. >> one thought is that you could crowd in. by having more government vstment, rather than crowd out private investment, it might induce investment. jason: taylor riggs is here with another look at low inflation. >> lowflation. this is interesting because despite all of the comments from the federal reserve, we can see their target or 2% inflation. white here is , their preferred measure, you have janet yellen and jerome powell. cutting rates and not eve al to push inflation off. even to 1.8%. conundrum. what do you do? carol: exactly right. up next, spies
. >> larry summers is one of the people talking about secular stagnation as a persistent chronic threat. kind of saying that the fed alone cannot tackle that. there is a chronic shortfall of private investment demand. more savings in investment that pushes interest rates down and the government can come in. by spending more, investing, soak up some funds. put a floor under the interest rate. carol: we talk about that with infrastructure. there is all of this private money waiting to be...
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Apr 19, 2019
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peter: larry summers is one of the people who has been talking about the secular stagnation as being persistent, chronic threat, and saying that the fed alone cannot tackle that. a chronic shortfall of private investment demand, so we have more savings than investment. that pushes interest rates down and the government can come in by spending more, doing investing, soak up some funds and put a floor on the industry. carol: we talked about this with infrastructure, private money waiting to be put to work but governments have not moved ahead. peter: one thought is if -- adam posen, peterson institute will argue if you crowd in, you can buy more government investment and rather than crowd out private investment, it might induce more private investment as complementary. with: taylor riggs is here another look at lowflation. taylor: despite the efforts from the federal reserve, we cannot get to the two percent target on inflation. i have charted pce and white, there preserve cash preferred method -- there preferred method here and really not even able to push inflation up even 1.8%. quite
peter: larry summers is one of the people who has been talking about the secular stagnation as being persistent, chronic threat, and saying that the fed alone cannot tackle that. a chronic shortfall of private investment demand, so we have more savings than investment. that pushes interest rates down and the government can come in by spending more, doing investing, soak up some funds and put a floor on the industry. carol: we talked about this with infrastructure, private money waiting to be...
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Apr 11, 2019
04/19
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larry summers called him someone whowas appointed by someone is the most anti-liberal, anti-internationalresident since world war ii. does this make his task bigger? >> i just came from a panel which i introduced at the center for global development, and larry was on the panel, and he expressed those opinions half an hour ago. i am more hopeful than larry because i go along way back with david malpass, and i think he understands he has to be much whole areave on the of development. i personally think two of the biggest challenges they have -- number one, the area of corruption, and he has to tackle that. christine lagarde has made that a primary point going forward for the imf, and i think he has to join them because corruption is an area which has been ignored by the international financial institutions for so long, and i think that is a major one. the other one i brought up to him and to the panel in general aboutneed to do something the refugee situation in venezuela, which you know i follow closely. crisis which we have not seen in latin america in its modern history, and david malpas
larry summers called him someone whowas appointed by someone is the most anti-liberal, anti-internationalresident since world war ii. does this make his task bigger? >> i just came from a panel which i introduced at the center for global development, and larry was on the panel, and he expressed those opinions half an hour ago. i am more hopeful than larry because i go along way back with david malpass, and i think he understands he has to be much whole areave on the of development. i...
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Apr 29, 2019
04/19
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she opposed larry summers as president obama's favorite candidate to head the federal reserve in 2013rt of the wall street wing of the democratic party. >> she derails the nomination of an investment banker to a top position in the treasury department. >> enough is enough. with wall street insiders getting key position after key position. and the kind of that we have seen in the executive branch. >> she's accused of going too far. >> the criticism in the case was that this was too striking. you were basically saying anybody who is an investment banker is unworthy of a major position in because they are an willingness to stand up to her own party wins her support from the democratic left. early in her first term warren is getting some buzz as many look ahead to the 2016 presidential race. >> i went to a liberal gathering in detroit tlmpt were people all wearing the hats at the conference, run, elizabeth run, they were screaming. they were desperate for her to run. >> coming up -- >> nasty women have really had it with guys like you. >> trump is a low hanging fruit. he's an easy target
she opposed larry summers as president obama's favorite candidate to head the federal reserve in 2013rt of the wall street wing of the democratic party. >> she derails the nomination of an investment banker to a top position in the treasury department. >> enough is enough. with wall street insiders getting key position after key position. and the kind of that we have seen in the executive branch. >> she's accused of going too far. >> the criticism in the case was that...
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Apr 16, 2019
04/19
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larry summers suggests the fed might be willing to cut rates, meanwhile, eric rosengren says he is okch president emmanuel macron to rebuild the notre-dame cathedral after a massive fire ed the centuries-old building. we are live in paris. ♪ nejra:
larry summers suggests the fed might be willing to cut rates, meanwhile, eric rosengren says he is okch president emmanuel macron to rebuild the notre-dame cathedral after a massive fire ed the centuries-old building. we are live in paris. ♪ nejra:
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Apr 10, 2019
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. >> let's listen to what former treasury secretary larry summers said on this program last night about >> it's the essence of the integrity of the tax system that politically appointed officials not be involved in these matters, and that's why there is a delegation to the head of the irs, and it wouldn't have ever occurred to me and wouldn't have occurred to the treasury secretaries who i served under or the treasury secretary i served with to become involved in an individual taxpayer matter. >> and, george, what i learned from the former secretary last night about that is that the delegation, as he calls it, that is the secretary of the treasury delegating these matters to the irs official, it's in writing and according to secretary summers, in order to change that delegation the treasury secretary would have to notify the tax writing committees with 30 days' notice that they were changing the delegation so that it was no longer the irs commissioner's responsibility. >> well, i'm really not that familiar with that, but i would say that i'm not aware of any particular law that would pr
. >> let's listen to what former treasury secretary larry summers said on this program last night about >> it's the essence of the integrity of the tax system that politically appointed officials not be involved in these matters, and that's why there is a delegation to the head of the irs, and it wouldn't have ever occurred to me and wouldn't have occurred to the treasury secretaries who i served under or the treasury secretary i served with to become involved in an individual...
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Apr 11, 2019
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you know, i thought you once again broke importance news with your interview of larry summer sppz realstion as to why secretary mnuchin was sending any letter at all. he anti-asked on this. the internal revenue commissioner long-standing delegation where we don't have the political official at the top of the treasury department dealing with these individual tax matters, and so i see secretary mnuchin's letter as a justification for his interfering with the important work of the irs commissioner just as donald trump seems to be interfering. we've got his lawyers at the white house, his personal lawyers, the attorney general, the justice department, the irs lawyers. the treasury lawyers. more lawyers than you can possibly count all to advise on be whether shall still means shall. >> it's a simple one-sentence piece of the tax code. it's one of the -- i mean, congressman doggett, you and i have read and you've written a lot of this tax code. much of it unintelligible to civilians. this is not one of those. it simply says that the section 6103 simply says that this information shall be fur
you know, i thought you once again broke importance news with your interview of larry summer sppz realstion as to why secretary mnuchin was sending any letter at all. he anti-asked on this. the internal revenue commissioner long-standing delegation where we don't have the political official at the top of the treasury department dealing with these individual tax matters, and so i see secretary mnuchin's letter as a justification for his interfering with the important work of the irs commissioner...
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. >> the truth is with larry summers writing that opinion piece last night that became the news of the on his heels, and i think that to cal's point this is one of the most polarizing issues other than the mueller report so between these two things, welcome to our next weeks book ends. >> yeah i think it's pretty interesting because maxine water s completely signaled that she wants to go and figure out what's going on with trump and deutsche bank and all the loans he's got. she made it a big point before she took the chairmanship of that committee and so i think that this is par for the course that we're going to see for years to come. david: i want to ask the most gentleman i know, john what do you think about the decorum of all of this? >> the only thing bipartisan in washington d.c. is in competence this crew between the republican s and democrats i believe are the worst in the history of this country. there's no difference between them they're absolute idiots. david: and the decorum there used to be some kind of decorum. >> give that guy a wrestling title. david: he has too many of
. >> the truth is with larry summers writing that opinion piece last night that became the news of the on his heels, and i think that to cal's point this is one of the most polarizing issues other than the mueller report so between these two things, welcome to our next weeks book ends. >> yeah i think it's pretty interesting because maxine water s completely signaled that she wants to go and figure out what's going on with trump and deutsche bank and all the loans he's got. she made...
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Apr 16, 2019
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larry summers is backing current fed policy. while suggesting the nest move will be a cop. -- cuts.hat jay the markets powell is more likely to lower rates than raise them. president trump has argued they are needlessly restraining u.s. growth at a time of low inflation. fire has swept through notre-dame cathedral and paris, forcing the evacuation of thousands of visitors and local residents. also causing president macron to postpone his speech to the nation. there -- the 850-year-old building had been undergoing renovations at the time of the fire. fire ande showed this part of the roos -- roof collapse. most of the structure has been saved. the chinese woman accused of sneaking into president trump's mar-a-lago report -- resort in florida, has been denied bail. the judge of said her actions and statements indicate "she was up to something the farias." and that she is an extreme flight risk. pled not guilty to charges of lying to federal agents and illegally entering a restricted area. global news 24 hours a day on air and on @tictoc on twitter, powered by more than 2700 journalist
larry summers is backing current fed policy. while suggesting the nest move will be a cop. -- cuts.hat jay the markets powell is more likely to lower rates than raise them. president trump has argued they are needlessly restraining u.s. growth at a time of low inflation. fire has swept through notre-dame cathedral and paris, forcing the evacuation of thousands of visitors and local residents. also causing president macron to postpone his speech to the nation. there -- the 850-year-old building...
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Apr 15, 2019
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larry summers's backing current said policy while suggesting -- fed policy. he agreed the markets are betting that jay powell is "considerably more likely to lower rates." president trump has argued the fed is needlessly restraining u.s. growth at a time of low inflation. india's trade deficit widened in march from a month earlier as higher oil prices raised costs. billion,eached $10.9 up from february and more than a billion wider than seen in bloomberg surgery. weakening global growth and trade are a threat to emerging economies. china's treasury holdings rose for a third month as beijing adopted more u.s. government debt amid the continuing trade war. tona's holdings increased just over $1.1 trillion in february. japan remains the second-biggest holder with just over $1 trillion, and that is up $2 billion from january. powered by more than 2700 journalists in more than 120 countries, i am jessica summers. this is bloomberg. shery: china is said to be considering a u.s. request to shift some tariffs on key agricultural goods so the trump administration can
larry summers's backing current said policy while suggesting -- fed policy. he agreed the markets are betting that jay powell is "considerably more likely to lower rates." president trump has argued the fed is needlessly restraining u.s. growth at a time of low inflation. india's trade deficit widened in march from a month earlier as higher oil prices raised costs. billion,eached $10.9 up from february and more than a billion wider than seen in bloomberg surgery. weakening global...
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Apr 11, 2019
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panel thating is a moderated withr larry summers talking about david malpass, the new head of the world, supporter of donald trump, on his team at the white house. said david malpass was the most anti-liberal, anti-international president since world war ii. it seems like david malpass has a lot to prove. they say he could have good things like helping venezuelan refugees. he said earlier today it is important for him to be fighting poverty, very important also to be working with china. that is what the world bank is like. a lot going on. shery: mr. malpass didn't like the aid given to china. a lot of controversy but now head of the world bank. thank you very much. kathleen hays in washington. fast retailing group cut its outlook for the first time in three years. dark thousand head for the japanese retail sector. that is later this hour. haidi: investors looking at the start of the earnings season. we will discuss the outlook. this is bloomberg. ♪ ♪ asia".this is "daybreak i am shery ahn. haidi: i am haidi stroud-watts. looking ahead to earnings season. let's dig in now with this equit
panel thating is a moderated withr larry summers talking about david malpass, the new head of the world, supporter of donald trump, on his team at the white house. said david malpass was the most anti-liberal, anti-international president since world war ii. it seems like david malpass has a lot to prove. they say he could have good things like helping venezuelan refugees. he said earlier today it is important for him to be fighting poverty, very important also to be working with china. that is...
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. >> larry summers when he was treasury secretary pushed through something that was known as glass-steagallbanks to merge with security firms. that is one reason we had a financial crisis. connell: how did that one work out? i get you. >> everybody makes mistakes. steve is a smart guy. he is a supply-sider and i think the supply side community, i think you should talk to laffer about this today. connell: he is on today. >> they are planning to rally behind him because they think that mcconnell is wishy-washy. connell: fair. we'll talk more about it later. thank you, charlie. have to run to the new tax plan coming out of one top democrat in the senate. maybe it signals what the democrat was do if they win the white house. that's why we're talking about it next. next hour, malware and mar-a-lago, the close call has a lot of people talking, hacking pros and the rest, calling for some changes. we'll talk about it. don't go away. 2,000 fence posts. 900 acres. 48 bales. all before lunch, which we caught last saturday. we earn our scars. we wear our work ethic. we work until the work's done. and w
. >> larry summers when he was treasury secretary pushed through something that was known as glass-steagallbanks to merge with security firms. that is one reason we had a financial crisis. connell: how did that one work out? i get you. >> everybody makes mistakes. steve is a smart guy. he is a supply-sider and i think the supply side community, i think you should talk to laffer about this today. connell: he is on today. >> they are planning to rally behind him because they...
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Apr 13, 2019
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of this president when it comes to the economy, i mean, i remember debating these people like larry summersman. neil: i hate to be rude, that wasn't my question. do you think he should release his tax returns if for no other reason in the past 50 years all presidential candidates have? >> i think it's up to him and his campaign and i'll leave it at that, but when-- >> if you were running for president, would you release yours? >> i'm not running for president, neil. getting a little ahead of the cart, but i do -- i am running for this job on the economic records that i've helped, you know, contribute to with trump, and people are going to have to explain why it is they said that donald-- new york times yesterday said i was supremely unqualified which is pretty ironic because there's nobody more wrong on the economy in the last three or four years than the new york times. they said we are going to have a second great depression if trump was elected and now we have this booming economy. neil: steve moore, thanks for taking the time. the house ways and means committee chief is putting on press
of this president when it comes to the economy, i mean, i remember debating these people like larry summersman. neil: i hate to be rude, that wasn't my question. do you think he should release his tax returns if for no other reason in the past 50 years all presidential candidates have? >> i think it's up to him and his campaign and i'll leave it at that, but when-- >> if you were running for president, would you release yours? >> i'm not running for president, neil. getting a...
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Apr 16, 2019
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larry summers suggests the fed might be willing to cut rates, meanwhile, eric rosengren says he is ok with target inflations. french president emmanuel macron to rebuild the notre-dame cathedral after a massive fire ed the centuries-old building. we are live in paris. ♪ welcome to "surveillance ." i am nejra cehic in london. let's get a check in on markets. we saw u.s. equities flat with financials weighing in on the main equity benchmark. goldman sachs group the worst performers on the dow after citigroup managed to read group some of its losses, but overall, financials waiting on the s&p 500. on a firmer are footing today, along with european equities. we open the flat but gains to the upside, so on track for five days of gains. the 10-year yield ticked higher. some tolerance for above target inflation perhaps is what we are getting, not only from rosengren but also charles evans of the chicago fed. we were seeing wti a little bit $63.42.to trade at let's get back to news out of paris, and france's president emmanuel macron has vowed to rebuild one of the nation's most iconic landma
larry summers suggests the fed might be willing to cut rates, meanwhile, eric rosengren says he is ok with target inflations. french president emmanuel macron to rebuild the notre-dame cathedral after a massive fire ed the centuries-old building. we are live in paris. ♪ welcome to "surveillance ." i am nejra cehic in london. let's get a check in on markets. we saw u.s. equities flat with financials weighing in on the main equity benchmark. goldman sachs group the worst performers on...
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the fed to ut interest rates by 50 basis points immediately on cnbc friday earlier today i asked larry summersy secretary under president clinton to react to kudlow's call >> i think it would be premature to cut interest rates by 50 basis points but i've been generally dovish on monetary policy but the key point is you can't brag on an economy and say it desperately needs urgent monetary stimulus and that that's so desperate a need that you're prepared to take unprecedented steps in politicizing the fed it just doesn't add up >> despite criticism from trump and kudlow not all white house officials are counting on the fed to act here's council of economics chair kevin hassett speaking earlier about it on nbc 37. >> i think that a lot of people on wall street have advice for the fed and it's not my job to step out there everything that we see right now is teeing us up to have a year is that looks just like last year where you have a first quarter around 1 1/2 or 2 and a second quarter that goes back way north of that and carries to you 3% year. and i don't see anything in the data that makes me
the fed to ut interest rates by 50 basis points immediately on cnbc friday earlier today i asked larry summersy secretary under president clinton to react to kudlow's call >> i think it would be premature to cut interest rates by 50 basis points but i've been generally dovish on monetary policy but the key point is you can't brag on an economy and say it desperately needs urgent monetary stimulus and that that's so desperate a need that you're prepared to take unprecedented steps in...
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Apr 15, 2019
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larry treasury secretary summers is back in current fed policy while suggesting the next move will probablye a cut. speaking at the peterson institute in washington, he agreed the markets are betting that jay powell is considerably more likely to lower rates than raise them. president trump has argued the fed is restraining u.s. growth at a time of low inflation. deficit as trade higher oil prices raise cost. the gap between exports and imports raised $10.9 billion, up from $9.6 billion in february and more than $1 billion wider in a bloomberg survey. the governor warned last week that weakening global growth and trade are a threat to emerging economies. and, china's treasuries holding rose for a third month as beijing adopted more u.s. government debt amid the trade war. bondss, bills and increased $4.2 billion to $1.1 trillion in february. japan remains the second biggest holder with over $1 trillion, up to billion dollars from january. global news 24 hours a day on air and on tictoc on twitter, powered by more than 2700 journalists and analysts. i'm jessica summers. this is bloomberg. sh
larry treasury secretary summers is back in current fed policy while suggesting the next move will probablye a cut. speaking at the peterson institute in washington, he agreed the markets are betting that jay powell is considerably more likely to lower rates than raise them. president trump has argued the fed is restraining u.s. growth at a time of low inflation. deficit as trade higher oil prices raise cost. the gap between exports and imports raised $10.9 billion, up from $9.6 billion in...
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Apr 18, 2019
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larry summers said that was ridiculous and outrageous and we were delusional. we not only hit those numbers but we have been the most accurate. >> let's say you're not as accurate. where would you go to get the money? >> we are not suggesting we're going to make any changes to the budget. the aspect about budget is that you look at what's coming in and you look at what's going out, and each and every year you make adjustments. that's the importance of the federal budget process. it is certainly broken, i agree with the chairman and the ranking member that we can certainly make reforms. but i would also say, look, budgets are about putting our visions forward for the american people -- >> i get all that, you know. let me -- let's bring it to something more local. i'm sure mr. members here serve in local office. why is it that the president and the people always feel that eliminating the community development of funding isn't important? every year you want to eliminate this program. this is a tax saver for the communities. i just don't understand why they feel it
larry summers said that was ridiculous and outrageous and we were delusional. we not only hit those numbers but we have been the most accurate. >> let's say you're not as accurate. where would you go to get the money? >> we are not suggesting we're going to make any changes to the budget. the aspect about budget is that you look at what's coming in and you look at what's going out, and each and every year you make adjustments. that's the importance of the federal budget process. it...
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Apr 27, 2019
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it continues larry summers in the "the washington post."tration's policies large is i is tax cuts and perhaps also its regulatory policies. fair enough if you believe in tooth fairies and ludicrous supply side economics. jedediah: so these media predictions i wonder ba at what point people are going to be so disgusted predictions about the economy wind up being false. then they all put out this collusion narrative. trump included, trump colluded. they have an ajensd. this is not reality anymore. let me look and see what's happening in my own life. let me put this information together and become a citizen journalist. you can't rely on the media the way you should be able to. pete: you can't take anything straightforward from these folks. what the left was invested in for the longest time was managing decline in america. they thought america was yesterday. china rising or international markets. we were going to lose these jobs, go away. grow very steadily. that's what obama told us no, magic wand. ain't going to happen. president trump said a
it continues larry summers in the "the washington post."tration's policies large is i is tax cuts and perhaps also its regulatory policies. fair enough if you believe in tooth fairies and ludicrous supply side economics. jedediah: so these media predictions i wonder ba at what point people are going to be so disgusted predictions about the economy wind up being false. then they all put out this collusion narrative. trump included, trump colluded. they have an ajensd. this is not...
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productions like the hell larry a spot of seville at berlin's for mature open twenty six dana hayes was the right hand as a film director his latest film letter o. all summer tells the story of two soviet rock stars in the one nine hundred seventy s. but things took a turn for the worse when in office twenty seventeen karylle several brownie coffee was taken into custody of accusations that he had been involved in embezzling state funding for the charges he denies. and i'm delighted to welcome thomas alston my are here to the studio a well known director here in berlin currently working at the shall be in the theater and of course a friend since many years of kitty has said about any coffee mister also my thanks so much for coming in how surprised were you when you heard the news of his release today it was very surprising surprising to me because i was reckoning that things will get worse and anyway it's not the end of the story it's all there will be still the trial so we don't know just a lot going on he's just been allowed out of that very tight situation and you've worked with him many times in the past you started the petition calling for his release
productions like the hell larry a spot of seville at berlin's for mature open twenty six dana hayes was the right hand as a film director his latest film letter o. all summer tells the story of two soviet rock stars in the one nine hundred seventy s. but things took a turn for the worse when in office twenty seventeen karylle several brownie coffee was taken into custody of accusations that he had been involved in embezzling state funding for the charges he denies. and i'm delighted to welcome...
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Apr 24, 2019
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host: larry, indiana, republican. .aller: i just have a statement i would like to read something to you. while the earth remaineth, summer and day and night shall not cease. climate change, god is in control of everything. you can talk climate change all you want, but god is the final arbiter. , ok. larry there are republicans and democrats who talk about climate change in religious terms by saying what? caller: -- guest: a lot of people who are religious, such as that caller, believe the bible can debunk climate change or say that action is not necessary to stop it, but a lot of religious people also believe that curbing emissions, fighting climate change, trying to keep the atmospheric concentration of greenhouse gases low is part of taking care of your and living up to the charge that god gave to the people to take care of the earth that he created for them. host: to take care of them. everybody.d morning, the u.s. constitution was originally made out of hemp,, a my correct on that? be made into clothing, plastics and anything? >i would appreciate your comment on how many states are trying to grow this plant. itt can
host: larry, indiana, republican. .aller: i just have a statement i would like to read something to you. while the earth remaineth, summer and day and night shall not cease. climate change, god is in control of everything. you can talk climate change all you want, but god is the final arbiter. , ok. larry there are republicans and democrats who talk about climate change in religious terms by saying what? caller: -- guest: a lot of people who are religious, such as that caller, believe the bible...