the chief economist at be away mellon investment is with us.ant a sense of what is going on with the u.s. consumer. what is your sense of that mixed data? will we see this trend higher of consumer demand? >> as you said, it is mixed. positive echoes for the u.s. consumer are strong. unusuales this an recession. personal incomes have risen. savingsusehold -- roundabouts of 20% of personal income. cash bounties. you have essentially a low level of leverage compared to history. all of that for me adds up to a fair amount of pent-up demand for you the u.s. consumer -- for the u.s. consumer. we saw some of that coming through when the restrictions were relaxed. much depends on what we were talking about earlier, whether or not they allow that to happen. if it does, i expect they will have a fair amount of buying power. annmarie: we see disposable income ballooning in the u.s.. revenge demand we potentially see today. you also look at the trends, how social behavior may impact productivity. what do you think from the pandemic will stick when we final

thank you so much, bank of new york mellon.oming up, we'll talk more about central-bank expectations and we will also talk about dollar dynamics. that is at 6:00 a.m. in new york, 11:00 a.m. in london, and this is bloomberg. ♪ leigh-ann: this is bloomberg surveillance. here is the bloomberg business flash. learned that companies have been holding talks and could announce a deal as soon as next week. up new sent shares of -- 34%. it would be the biggest deal ever for salesforce. cryptocurrency boom turned into a mini fast. crypto coin and other digital currencies have longed by double-digit percentages, likely to soak speculation about the durability of the rally, even with the retreat that bitcoin has doubled this year. that is your bloomberg business flash. francine? francine: thank you so much, leann. we are looking at live pictures of buenos aires, where yesterday -- maradona's body will lie in state after he died yesterday at the age of 60. we will have of course plenty more on that. this is bloomberg. ♪ businesses today ar

by a washington post columnist and the melon print -- and the mellon foundation president. live on book tv on c-span2. at the pentagon, acting defense secretary christopher miller outlined plans to draw down u.s. troops in afghanistan to less thananuary 3000 service members in each country. the announcement came nearly a week after miller replaced mark esper as head of the defense department under the direction of president trump. >> i'm chris miller, acting secretary of defense and i'm here t mr. miller: i am here to update you on president trump's plan to bring the wars in afghanistan responsiblea conclusion and to bring our brave service members home. to canada har and fallujah. hundreds of thousands of america's sons and daughters who answered the call to serve in our armed services have brought us to this point. their efforts and sacrifice will go down in history as showing the strength, commitment of a force that is unlike any the world has ever seen. just last night, i joined vice president pence and chairman of the joint chiefs of staff to have the soldiers who peri

our president trump i would take all this to court fight back and from a republican point of view mellon balloting is a nightmare for us the post office is now the new election center now more than all the republicans have expressed more confidence in the electoral process while saying trump's legacy will endure. he is without question the most powerful voice in our party. he will have an enormous impact on our party going forward. i believe the great majority of people who voted for donald trump want to make sure that his principles and his policies are pursued. with the trump administration planning multiple legal challenges over the voting process a concession speech still seems far off i'm now joined by a list a for my campaign adviser to barack obama need policy analyst she joins me from berlin now democrats have been focused on getting out of office now joe biden has to get to work in particular on the pandemic what lies ahead immediately. as you are already heard it's going to be a coronavirus star this pandemic did not care about an election quite frankly and i love seeing the ce

he's interviewed by "washington post" columnist michele norris and mellon foundation president elizabethpresident barack obama tonight at eight 8:30 p.m. on . >> you are watching booktv on wn c-span2, every weekend with the latest nonfiction books and authors. c-span2 created by america's cable-television companies as a public service and brought to you tod by your television provider. >> with joe biden is it like, stay with c-span for live coverage of the election process and transition of power. c-span, your unfiltered view of politics. ♪ ♪ ♪ hello, everyone. i name is peggy clark and i've the codirector of aspen ideas health and executive director of aspen global innovators group at the aspen institute. i want to thank you all for joining us today for what will be a fascinating conversation. and while the pandemic has prevented us from

alicia levine of bny mellon. tom, we have got a question. that consensus is so strong, looking at 2021. to reiterate, the roaring 1920's, market nirvana, everything is great. let's look at what is in front of our face, next couple of months, difficult. lisawhat are you, missing or something, giving me the gloom of lisa? jonathan: it is two different time frames and is important tom: but how many days ago was the world coming to an end? we are reacting to the news. what comes after the vaccine euphoria wears off? my answer is we are just closer to a vaccine. when the vaccine euphoria wears off. and there are many other vaccines to come. jonathan: yeah, and what happens once we get the vaccine? you will get that sudden rush of demand, the inflationary impulse coming back to the market, and then what does trend growth look like? i do not think trend growth adjusts that much. i think it will be lower, which is what a lot of people anticipate. we will need to adjust for the whole cycle. tom: another thing is trend growth of em. i have been taken

litigation generally because of how unfair this process was and i predicted that i've been talking about mellon voting for a long time it's it's really destroyed our system it's a corrupt system and it makes people corrupt even if they aren't by nature but they become corrupt it's too easy. they want to find out how many votes they need and then they seem to be able to find them they wait and wait and then they find them and you see that on election night we were headed in vote in north carolina by a lot tremendous number of votes and we're still ahead by a lot but not as many because they're finding ballots all of us said no we have some mail in ballots it's amazing how those mail in ballots are so one sided too i know that it's supposed to be to the advantage of the democrats but in all cases they're so one sided we were up by nearly 700000 votes in pennsylvania i won pennsylvania by a lot and that gets whittled down to i think they said now were up by 90000 votes and keep coming and coming and coming they find them all over and they don't want to have any observers although we want to court

mellon foundation president elizabeth alexander, former president barack obama tonight at 8:30 p.m. eastern on c-span2. >> you are watching book tv on c-span2. every weekend with the latest nonfiction books and authors. c-span2, created by america's cable television companies as a blic service and brought to today by your television provider. >> with joe biden as president-elect stay with c-span for live coverage of the eltion process and transition to power. c-span, your unfiltered viewf politics. >> use your mobile devices and go to c-span .org for the latest video, live and on-demand to follow the transition of power and president trump and president-elect biden with news conferences and events coverage at c-span .org. >> good afteron everybody and welcome to politics and prose live at lunch where we bring you our politics and prose are grammy during our lunch time hour. i'm an event coordinator and we thank you so much for joining here to celebrate the release of "livewired" by doctor david eagleman. at any time during the event today you can click the link that i will put in th

our president trump i would take all this to court fight back and from a republican point of view mellon balloting is a nightmare for us the post office is now the new election center now more than the republicans have expressed more confidence in the electoral process while saying trump's legacy will endure. he is without question the most powerful voice in our party. he will have an enormous impact on our party going forward. i believe the great majority of people who voted for donald trump want to make sure that his principles and his policies are pursued. with the trump administration planning multiple legal challenges over the voting process and concession speech still seems far off get more german political reaction i'm from you're going to team he's a green member of germany's bundestag and a former environment minister welcome to d w when chancellor machall says the un the us should work side by side what do you see as the priority issues. i think the ongoing conflict on interest between the u.s. and europe will go on but the form we discussed the conflicts of interest will chang

our president trump i would take all this to court fight back and from a republican point of view mellon balloting is a nightmare for us the post office is now the new election center now more than the republicans have expressed more confidence in the electoral process while saying trump's legacy will endure. well he is without question the most powerful voice in our party. he will have an enormous impact on our party going forward. i believe the great majority of people who voted for donald trump want to make sure that his principles and his policies are pursued. with the trump administration planning multiple legal challenges over the voting process a concession speech still seems far off. let's look ahead the future relationship with the united states said james the big bindon our goal is a former deputy u.s. ambassador to east germany is now professor of international security of the university of bone welcome to you how will joe biden presidency change relations between washington and belin. well certainly a commitment to the european relationship will be the 1st part of the stateme

. -- mellon.ok at the equity market going strongly, it seems they are focused on better data out of china and the vaccine rather than focusing on the challenge that still remains dealing with the coronavirus. where is your thinking? i think you summarized it quite nicely. and markets look forward and through. we tend to focus on the here and now. there is a lot of bad news around at the moment. markets are focused on what next year might look like. of the vaccine coming through quickly and then the prospects for a recovery remaining pretty good. and then they look at parts of asia and china as an example of what can happen. see theere do you european economy? going through this winter? are you part of the contingent that would suggest a w shaped move for the economy? what kind of imagery would you give us in terms of europe charting the course through winter? shamik: i've been trying to get away from the output that soup if you will. i think the arithmetic is pretty straightforward. months worth o

our president trump i would take all this to court fight back and from a republican point of view mellon balloting is a nightmare for us the post office is now the new election center now more than all the republicans have expressed more confidence in the electoral process while saying trump's legacy will endure. he is without question the most powerful voice in our party. he will have an enormous impact on our party going forward. i believe the great majority of people who voted for donald trump want to make sure that his principles and his policies are pursued. with the trump administration planning multiple legal challenges over the voting process a concession speech still seems far off so how is joe biden's election victory being seen around the world will be w reporters have been asking people for their views about it. i think it's a great release a cleanout to have a leader in the west that. somehow is. right for some of the things that make me to hear what i'm going on he should really i hope biden will be a more serious and reliable partner for turkey but i hope he thinks more gl

our president trump i would take all this to court fight back and from a republican point of view mellon balloting is a nightmare for us the post office is now the new election center now more than all the republicans have expressed more confidence in the electoral process while saying trump's legacy will endure. he is without question the most powerful voice in our party. he will have an enormous impact on our party going forward. i believe the great majority of people who voted for donald trump want to make sure that his principles and his policies are pursued with the trump administration planning multiple legal challenges over the voting process that concession speech still seems far off it's ok we're now joined by nicole rend she's a foreign policy expert and fellow with the german council of foreign relations and cult thanks for joining us democrats have obviously been focused on the task of getting into office now joe biden says he's getting straight to work in particular on the pandemic what kind of obstacles line his way. well the main obstacle is that the president of the unite

eastern on monday we will host former president barack obama and the mellon foundations president elizabeth alexander to discuss the president new book, his just released memoir, a promised land. i'll be back at 1:00 money for discussion with dr. anthony fauci. -- monday to make sure to leave your late morning and afternoon free so you can join us for those conversations next week. .. washingtonpostlive.com to register and from the u.s. chamber of commerce, live 5:00 p.m. eastern on c-span2, online at c-span.org or listen live on the free c-span radio app. ♪ book tv on c-span2 has top noiction books and others every weekend. coming up this weekend, saturday 1:00 p.m. eastern from a recent virtual brooklyn festival offers veronica chambers, amy and senator garcia from the suffrage movement. then, authors bri and clarence taylor on the histo of civil rights in new york. 7:25 p.m. eastern, adam, author of midnight entrepreneur the world's greatest nuclear disaster sunday 1:00 p.m. eastern. more from the brooklyn book festival as authors charles, joann and frank discussed the past and future of

eastern on monday we will host former president barack obama and the mellon foundations president to discuss the president's new book, his justse released memoir, a promid land. i will be back at 1:00 monday for discussion with dr. anthony fauci. so "washington post live" monday, president obama and dr. fauci. so make sure to leave your late morning and afternoon free so you can join us for those conversations next week. you can always find more information at washingtonpostlive.com to register and get live streaming information about all of our upcoming programs. i am robert acosta and we will see you soon. >> we te you live now to capitol hill for house armed services committee hearing on e u.s. military mission in afghanistan and implications of the peace process on u.s. involvement. [inaudible conversations] [inaudible conversations] .. [inaudible conversatio]

our president trump i would take all this to court fight back and from a republican point of view mellon balloting is a nightmare for us the post office is now the new election center now more than the republicans have expressed more confidence in the electoral process while saying trump's legacy will endure. he is without question the most powerful voice in our party. he will have an enormous impact on our party going forward. i believe the great majority of people who voted for donald trump want to make sure that his principles and his policies are pursued with the trump administration planning multiple legal challenges over the voting process that concession speech still seems far off i'm joined now by the former campaign adviser to barack obama in a policy analyst she's with us from berlin liz thanks for joining us democrats have always been focused on getting trump out of office and getting into office themselves now that joe biden has to work what lies immediately ahead. i think what we're going to see 1st is what you've already announced a 10 o. r that didn't care that we had an e

he's interviewed by michelle nos and mellon foundation president elizabeth alexander former presidentobama like today at 11:30 a.m. eastern on the booktv on c-span2. >> california welcomes to its distinguished forum dwight dwig. eisenhower, president of the

tell us on election night fairly quickly the total vote this is for in vote it in person voting in mellon bodi we know democrats overwhelmingly did mail in vote so what is legal recourse be the president that is here in pennsylvania how could he get over. a presumed to be such a huge lead well realistically the only way you can do that is he somehow got the u.s. supreme court to say the only ballots that can count are the ones that were held in person and that's not how elections are run in this country pretty hard to find that in the constitution so it's clear that this is going to be long and drawn out and longer and more drawn out that anyone thought they're still counting in the building behind me they're tired we're all tired but they're especially tired they've been sitting in they're going ballot after ballot they know that they're under a microscope so they're taking their time being very careful about it and i do think you're seeing a lot of organization just being hesitant to call it because so much is on the line and there's been so many allegations that they everyone wants to

lisa, because this is been such a huge issue given that we are in a pandemic with coronavirus, the mellons to this particular election in the united states, what kind of ballots would you not accept their shallow i —— except? -- except? if they're accepted by the deadline and does votes are being properly counted, i think it is fair that both sides would want every vote properly counted and i think that i would disagree. i think there is a definite path to victory for donald trump and i think you need to look only to arizona, many, i think there was a premature call in arizona for vice president biden, and those numbers and the math, i think this is far from over. a premature call, what do you reckon? to the contrary, i think states like georgia are in play forjoe biden andl georgia are in play forjoe biden and i do think pennsylvania with their20 and i do think pennsylvania with their 20 electoral votes is where their 20 electoral votes is where the big game is right now and that is where all eyes are and if donald trump, loses the election. if that does happen, for the president concede

our president trump i would take all this to court fight back and from a republican point of view mellon balloting is a nightmare for us the post office is now the new election center. now more than all the republicans have expressed confidence in the electoral process while saying trump's legacy. while he is without question the most powerful voice in our party. he will have an enormous impact on our party going forward. i believe the great majority of people who voted for donald trump want to make sure that his principles and his policies are pursued with the trump administration planning multiple legal challenges over the voting process and concession speech still seems far off let's go straight to washington where we join bureau chief in a spa welcome in this let's hear more about the president elect of biden's copied 19 strategy rochelle i mean mr biden obviously is not waiting for a concession of donald trump he already as you just said unveiled his official transition website. is preparing a serious executive actions for his 1st day in office i mean he stressed the fact through th

morning i'm joined by my dear friend elizabeth alexander, poet, scholar and president of the andrew w mellonndation. good morning, elizabeth. >> good morning. it's wonderful to be together. >> and together with we both welcome our guest for the conversation, the 44th president of the united states, barack obama. good morning, sir. >> "washington post" brought out the big guns for this one. >> we are so excited to see you. >> i'm three grateful that you guys took the time. >> we are so excited to talk to you about your book but this is a news organization so we do have to begin with a bit of news. we've learned astrazeneca has joined to other drug companies in their success. based on your experience i wonder what you think of the challenges of distributing a vaccine and if you are concerned about the drift to worlds the new world hierarchy for some it's easy access and some people don't. >> that's going to be the big challenge. i think we are all excited about the results that are even better than i think a lot of scientists anticipated. and now the challenge becomes how do we distribute it r

i want to talk about the religion of temperate at carnegie mellon, which is all about measuring theirde, the uncertainty out there, and at the backend of the equation is the greek letter epsilon. with the policy and certitude of joe biden, does that image the certitude of epsilon, so up, up we go? lori: it is a little naÏve to say, all of a sudden, the uncertainty is dissipated. think about long-term structural trends. if you think about the potential growth rate of the u.s. and the globe, it was always a little bit less going forward than it was over the last several decades. so i think what people are focused on most right now is let's get out of this pandemic, which created a massive contraction come around the globe, of a magnitude that we had really never seen before, certainly not in the moderate era, let's get beyond that. it is note -- certainty in washington. perhaps the basis of some sort of collaboration. there is space for the two sides to come together, whether it is related to shorter-term fiscal stimulus or other things that made the related to infrastructure spending t

our president trump i would take all this to court fight back and from a republican point of view mellon balloting is a nightmare for us the post office is now the new election center now more than all the republicans have expressed more confidence in the electoral process while saying trump's legacy will endure. he is without question the most powerful voice in our party. he will have an enormous impact on our party going forward. i believe the great majority of people who voted for donald trump want to make sure that his principles and his policies are pursued. with the trump administration planning multiple legal challenges over the voting process a concession speech still seems far off. and let's bring in melinda crane again to talk a little bit more about that trump not conceding defeat yet bringing it to the courts what does this mean for the transition you know the chance to talk about rule of law and the importance of democratic process well that concession is not simply some kind of symbolic gesture that's a nice to have that concession is part of the essence of democracy which

mellon foundation. good morning elizabeth. >> good morning michelle.nderful to be together. >> it is wonderful to be together and together we both welcome our guest for this conversation the 44th president of the united states, barack obama could i assume you recognize that guy in the middle. good morning, sir. >> k dies. you brought up the big guns for this one. >> we are so excited to see you. >> i'm very grateful that you guys took the time. >> we are so excited to talk to you about your book that this is a news organization so we have to begin with a little bit of news overnight we learned astrazeneca has joined two other drug companies and their success with the vaccine trial that is a 90% success rate. i wonder what you think about the challenges of distributing a vaccine and if you're at all concerned about a drift toward a new world hierarchy and for some people that may be access to the vaccine and some people don't. >> that's going to be the big challenge but i think we are all excited about the results. they are better than a lot of scientis

our president trump i would take all this to court fight back and from a republican point of view mellon balloting is a nightmare for us the post office is now the new election center now more than all the republicans have expressed more confidence in the electoral process while saying trump's legacy will endure. he is without question the most powerful voice in our party. he will have an enormous impact on our party going forward. i believe the great majority of people who voted for donald trump want to make sure that his principles and his policies are pursued. with the trump administration planning multiple legal challenges over the voting process and concession speech still seems far off. and for more let's bring in our chief political correspondent belinda crane who is joining us here in the studio melinda i mean we just saw a little bit in terms of what could be ahead in the next weeks in the next bomb just walk us through what is likely happening on the ground on both sides right now in the u.s. well i think 1st of all that question about donald trump not yet having conceded the e

yu with bny mellon joins us this morning. the risk here is that government comes so intrusive as japan did that we almost have zombie full faith and credit. -- full facing credit lisa: how it risk -- full facing credit. how at risk are we to becoming some be liked at -- becoming zombielike debt? geoffrey: a lot of that will depend on the institutional link between the corporate space, and monetary policy and government policy. i would say in japan, the link between the private sector and the corporate sector was ,tronger than it needed to be so the onus for europe and the u.s. is to make sure that that link between the corporate and central banks doesn't go in that direction. tom: i know jon and lisa want to get in here. let me jump to the core issue, which is the pernicious negative interest rates in europe. zombie all imf headlines if you have persistency of negative interest rates. geoffrey: only if there is no growth, no other way to grow, to help x make money through a steeper curve again. it doesn't matter about the fro

morning i'm joined by my dear friend elizabeth alexander, poet, scholar and president of the andrew w mellonoundation. good morning. >> wonderful to be together. >> it is wonderful to be together and we both welcome our guest for the conversation. the 40 fourth president of the united states, barack obama. assume you recognize the guy in the middle. >> washington post brought out the big guns. >> we are excited to see you. >> i'm grateful you took the time. >> this is a news organization so we have to begin with a little news. overnight we learned astrazeneca has joined two other drug companies in their success with the vaccine trial 90% success rate. based on your experience, what about the challenges of distributed vaccine and if you are concerned about a drift toward a new world hierarchy some people have easy access to the vaccine and some people n't. >> that is the big challenge. we are excited about the results, they arbetter than a lot of scientists anticipated and now the challenge becomes how do we distribute it rapidly and make sure people are willing to get vaccinated? that is a l

foundation from the university of pittsburgh and a whole bunch of pittsburgh-based corporations, alcoa, mellon, buhl. so we always had more than ample money since you could torture students in those days way more than you can do now, labor was never an issue because we mandated four years of field school. and the duration of the project was such that it would usually begin in may or june and run until september. 12 hours a day, six days a week. and so with a captive audience and all the money in the world, so to speak, we were free to explore issues here in particular ways that had never been done before. one of those involved the construction of a series of buildings, of which the one we're in now is only the most recent, that prehistorically or historically looked like that portion of the one building that is still adhering to the rock-fall event. it let us big basically indoors where we could control not only the temperature and the ventilation, but we could control the hue, intensity and chroma of the lighting system so that the excavators could maximize their ability optically, and then b

one was bunny mellon, who after the exhibit, sent quite a few gifts to mrs. kennedy. i think it was one of those rare moments where art, culture, and politics infused into this remarkable happening. i mean, it was such a positive and beautiful experience, just triggering sort of a new appreciation for the great cultural treasures around the world. and it is the most surprising thing to know that mrs. kennedy was not only the mastermind behind the exhibition, but she also carefully orchestrated its staging, press interviews. she even edited speeches that arthur schlesinger wrote for kennedy. and her pencil handwriting and editing is very clear on the speeches. you kind of watch the progression. she was hands on 100% with this . and the entire exhibition was financed privately through donations. one thing i will say, president kennedy handpicked his favorite secret service agent, a man by the name of john champion, to safeguard the painting, and president kennedy asked him to sleep with the painting. so, i am sure his family had an earful when he came home about what it

our president trump i would take all this to court fight back and from a republican point of view mellon balloting is a nightmare for us the post office is now the new election center now more than all the republicans have expressed more confidence in the electoral process while saying trump's legacy will endure. he is without question the most powerful voice in our party. he will have an enormous impact on our party going forward. i believe the great majority of people who voted for donald trump want to make sure that his principles and his policies are pursued with the trump administration planning multiple legal challenges over the voting process and concession speech still seems far off. and let's get more on the transatlantic relationship now we are joined by by our he coordinates transatlantic cooperation that germany's ministry of foreign affairs he's a member of the german buddhist todd welcome to the program and thank you for joining us and i like to begin by asking you about something that you said publicly recently you congratulated biden on his went on twitter with the words

this mning i am ined by my dear friend elizabeth alexander, poet, schor and president of the andrew mellonndation for good morning, elizabeth. >> goo morning. it is wonderful to be together. >> it is wonderful to be together and together we bh welcome our gue for this conversation. the 44th president of the unitedtates, barack obama and i assume you recognize that guy in the mide. good morning, sir. >> hello, guys! washington post brought out t big guns for thi one. [laughter] >> we are so excited to see you. >> we are. >> i am very gratefu you took the time. >> we are so excited to talk to about your book but this is a news organizatns we do have to begin with a little bit of news and overnight we learned that astrazeneca has joined two other drug companies a their success for theaccine trial and 90% success rate based on your experience in running when you think about the cllenges of just repeating a vaccine and if you are all concerned about our drift towards a new world for some people have easy access to the vaccine and some peoe don't? >> that will be the big challenge. i think we ar

he is interviewed by an opinions columnist and mellon foundation president. former president obama, live monday at 11:30 a.m. eastern on book tv on c-span2. ♪ >> american history tv on c-span3, exploring the people and events that tell the american story every weekend. sunday, american history tv will marked the 400th anniversary of the pilgrims' arrival in massachusetts. starting at 4:00 p.m. eastern, four films. at5:00 p.m. eastern, a look the mayflower project which uses virtual reality to re-create the ship. tour of a living history museum in massachusetts, also the home of the mayflower 2, a reproduction of the original ship. exploring the american story. sundaymerican history tv on c-span3. ♪ coming up tonight on c-span, denis mcdonough, former chief of staff to president obama, talks about the incoming biden administration and national security challenges. then a conversation with john bolton, former national security advisor to president trump. after that, that bill gates joins the ceo of pfizer and head of the vaccine confidence project for a discuss

morning i enjoyed by my dear friend elizabeth exander, poet, scholar and president of theandrew w mellon foundation . good morning elizabeth. >> good morning michelle, it's wonderful to be together . >> it is wonderf to be together and together we both welcomed our guest for ts conversation, the 44th president of the united statesbarack obama. i assume you recognize that guy there, good moing. >> hey guys. the washington post brought outthe big guns for this . >> are so excited to see you. >>i am very gratef that you have the time. >> we're so excited to talk to you about your book. this is a neinnovation so we have to beginith a little bit of news, we learned astrazeneca has joined two other compans with their success in a vaccine trial. what do you think about the challenges of distributive of vaccine and if you're concerned about a drift where some people have access to the vaccine and some people don't . >> that's going to be the big challenge. ithink we're all excited about the results . there better even than a lot of scientists anticipated and now the challenge becomes how do we d

q there of jeffrey ofto see geoffrey yu there bny mellon in our opening. with the new slow out of washington, how to get ready for ferro, do you think the secretary of treasury will be watching mr. powell's press conference? jonathan: i hope they speak before the press conference. these two need to get on the same side. it is not good to wake up ever to see the chairman of the federal reserve and treasury secretary on different pages on an emergency program that, let's be clear, has really helped keep financial conditions loose at a really tough time for the u.s. economy. i am surprised, maybe even shocked, that the market is where it is this morning based on the spat between those two individuals. tom: there are distractions in washington, but maybe it was beneath the radar off of president trump's efforts to -- tolection 2020 lisa: move election 2020. it devolves to a market that looks like the fourth week of is taking myferro vacation days. lisa: how do you price the future with a present that is very much dynamic? this has been the conundrum, and frank

the republican plaintiffs sought to either throw out 2.5 million mellon bad ballots submitted under the long or direct the state's republican controlled legislature, to pick pennsylvania's presidential electors the move comes a day after a federal appeals court in philadelphia. rejected the trump campaign's efforts to challenge the election results there. >>and this weekend on inside california politics a special on vice president elect kamala harris from oakland to the state capitol from junior senator to vp hear from those who have covered harris's career in the bay area and even people who grew up with her plus a democratic strategist weighs in on harris's historic rise and while it will keep breaking barriers for women leaders in d c and across the nation. >>i think even more important as is her spot in american history for women of color like need for our babies there's now the shining example of what we can be and now that we can see if we can be a. >>you can watch inside california politics every sunday at 06:30am right here on kron 4. >>is still much more tonight here on kron 4

so harding and coolidge under the guidance of andrew mellon, the treasury secretary, who was reading the memos of his predecessors says, we created a monster. you have to cut tax rates. this is when democrats were still beholden to the reputation as tax cutters. yeah, kennedy referred to that. the keynesians refer to that. they said, we don't want to do that, because they gave us the great depression of the 1930s. tax cuts that don't work, there is the case of foreign countries that are really tossed by their exchange rate to the dollar. if the dollar goes like this all the time, and they have a currency board, and they are trying to make policy, it can neutralize the effect of fiscal policy. there are examples, japan might inone, certain countries eastern europe that had great investmentstems, but just does not move in the right direction because there is no guidance from the leader of world monetary policy, the united states. know, volkerou gave a speech about this year and a half ago and said, we have to move back to a rules-based monetary policy. that is the commodity basket idea

us now global strategist at jpmorgan asset management and also the chief strategist atmel lo -- at mellon investment ben, you talk about what we should expect after the election what does after the election mean at this point because technically the election has happened but we're still counting votes and there will be recounts and lawsuits. how much of that uncertainty will continue to affect the market >> well, my advice would be to, as you said, to look beyond the election, to the extent that's possible and to think about the underlying fundamentals here and there are a number of important drivers to keep in mind. first is that economic momentum has been stronger than many of us expected, it was much stronger in q3 and appears as you saw in labor data this morning that that continued into q4 so that's one. second, is a hypothesis that the feedback effect from the virus into outcomes into restrictions and growth is just less powerful northeastward those links are less strong than earlier in year that remains to be seen. but that's our working hypothesis third is that monetary policy sup

president trump i would take all this to court i'd fight back and from a republican point of view mellon balloting is a nightmare for us the post office is now the new election center now more than all the republicans have expressed more confidence in the electoral process while saying trump's legacy will endure. while he is without question the most powerful voice in our party. he will have an enormous impact on our party going forward. i believe the great majority of people who voted for donald trump want to make sure that his principles and his policies are pursued. with the trump administration planning multiple legal challenges over the voting process and concession speech still seems far off get more german political reaction i'm from you're going to team he's a green member of germany's bundestag and a former environment minister welcome to d w one chancellor machall says the u.n. the us should work side by side but what do you see as the priority issues i think the ongoing conflict on interest between the us and europe will go on but the form we discussed these conflicts of inter

reflecting on his life and political career and interviewed by washington post columnist michelle and mellonation president elizabeth alexander, former president barack obama tonight at 8:30 p.m. eastern on c-span2. >> you are watching book tv on c-span2. every weekend with the latest nonfiction books and authors. c-span2, created by america's cable television companies as a blic service and brought to today by your television provider. >> with joe biden as president-elect stay with c-span for live coverage of the eltion process and transition to power. c-span, your unfiltered viewf politics. >> use your mobile devices and go to c-span .

our president trump i would take all this to court fight back and from a republican point of view mellon balloting is a nightmare for us the post office is now the new election center now more than all the republicans have expressed more confidence in the electoral process while saying trump's legacy will endure. he is without question the most powerful voice in our party. he will have an enormous impact on our party going forward. i believe the great majority of people who voted for donald trump want to make sure that his principles and his policies are pursued. with the trump administration planning multiple legal challenges over the voting process a concession speech still seems far off. now for more analysis william blue cross from us election t is with me here in the studio hey biden's 1st act as president elect is to put together a coronavirus task force that sends a very clear message about his virtues on the it doesn't as a follow through from his campaign which was his promise that he was going to coronavirus the number one priority in the very beginning of his term and that he

grassroots movement, the campaign was paid for by some of the nation's largest corporations, including the mellon interests, texas oil, and others. this limitation campaign failed. but it was not -- but not before it introduced significant changes, i think, into the way that people talked about and thought about taxes. and their relationship to citizenship. it was during this campaign that the business lobby succeeded in redefining american citizens as taxpayers. and we can see this in talking about -- in the way in which liberal politicians talk about the war on poverty in the 1960s. they talk about this as a campaign to transform tax eaters into taxpayers and that's not a kind of language that you see as much before this period. the leaders of the campaign may have failed in their quest to amend the constitution to limit taxes. but in the process they had, quote, pioneered much of the antitax rhetoric that would come to dominate america. voters were happy to support tax cuts if you asked them. but they generally didn't demand them. indeed, for much of the early postwar period, voters seemed to

i want to bring in bny mellon chief strategist alicia levine.ems all the pieces are there whoever wins. i think the key would be vaccine approval to get things in motion? >> hi, charles, it is great to see you on today, historic day. look i agree with you. if you think about what 2020 was, it was all about uncertainty. it was investing through all of this uncertainty, politically as well as with the coronavirus. what we see in 21 is a year of certainty. a year of clarity. we know where we are with the virus as we get more medical news coming in the first quarter around the second quarter with vaccines, that can start to treat the population. and with that you will start to see all of the stimulus, the fiscal stimulus and the monetary stimulus from the fed really coming to bear and people are fed up with being locked down and ready to participate in the real economy. i agree with you. i think next year looks terrific. i think it looks great for investing as well. charles: now on that note though not everything will, you know, pardon me the same,

he's interviewed by michelle nos and mellon foundation president elizabeth alexander former president barack obama like today at 11:30 a.m. eastern on the booktv on c-span2. >> california welcomes to its distinguished forum dwight dwig. eisenhower, president of the united states of america. [applause] this occasion -- [inaudible] a tradition which began with president theodore roosevelt. the great and the new great have addressed this audience, but tonight we welcome a man whom history will record as renowned among world leaders in the hour of greatest need. [applause] i had in mind the rapid secession communist aggression as millions of people were involved behind the far-reaching iron curtain. ivan mine the stalemate of korea, the rampaging inflation in our homeland which was eating up the savings, and traveling our free enterprise economy. here then is the man trained in war, who will be unclaimed by future generations as the man who laid the foundations of peace. [applause] and more, he is our president whom we love with a deep and abiding affection. [applause] ♪ ♪ ♪ >> welcome to

he's interviewed by michelle norris and mellon foundation president elizabeth alexander. former president barack obama live monday at 11:30 a.m. eastern on book tv on c-span2. >> next, the wilson center hosting a discussion on the state of the organization for security and cooperation in europe which consists of 57 european and north american states and was created in the early 1970's to provide security and protect human rights. this is an hour and a half. jane: today's event is sponsored by our tpwhrobal europe program under the direction of our newly minted director, dan hamilton, who will take overing moring this program for me in a little while. it's also sponsored by our kennon institute in partnership with the u.s. helsinki ommission. dan jones the wilson center after holding positions in the u.s. department of state, including notably, assistant secretary for european affair responseable for nato, the osce and transatlantic security issue os they have in orderic-baltic and balkan affairs. he also retains an affiliation and taught for a while at johns hopkins. our

he is interviewed by michelle norris and mellon foundation president elizabeth alexander.ormer president barack obama, live today at 11:30 a.m. eastern on book tv come on c-span2. tonight on the communicators, we take a look at issues, independent, phone, broadband, and video providers face with matt polka, president of aca connects, and patricia joe boyers. >> our members have done such a great job of serving their communities and meeting the needs and keeping americans connected with so many of our members stepping up to adopt the fcc's pledge to keep americans connected. but by the same token, we have also recognized that there are still continuing needs, needs to serve students, needs to work with schools, needs to work with -- a need to work with hospitals and medical facilities so we can improve telehealth. ways that we can increase the broadband network's speed, ways that we can serve unserved areas. announcer: watch "the communicators" tonight at 8:00 eastern on c-span2. announcer: with joe biden as president elect, stay with c-span for live coverage of the transit

. >> thank you >>> liz young, bny mellon. >>> details on what is being called the biggest deal of ther we have the details when we come right back vating. setting the course. but new ways of working demand a new type of network. one that's more than just fast. you need flexibility- to work from anywhere. and manage from everywhere. advanced technology. with serious security. and reliable coverage, nationwide. forward-thinking enterprises, deserve forward-thinking solutions. and that's what we deliver. so bounce forward, with comcast business. ♪ ♪ keeping your oysters growing while keeping your business growing has you swamped. (♪ ) you need to hire i need indeed indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base so you can start hiring right away. claim your seventy-five-dollar credit when you post your first job at indeed.com/promo ♪ >>> it is official s&p global buying ihs market in an all stock deal. the value of this transaction, valuing ihs shares $96.94. 4.7 premium to friday's closing friday total deal worth a

he is interviewed by a washington post columnist and mellon foundation president. that's tonight at 8:30 eastern on c-span2. >> next, an update on the covid-19 pandemic with dr. anthony fauci, the director of the national institute of allergy and infectious diseases. he spoke at an event hosted by the washington post. this is half an hour. to washington post life. today, on our path forward series, which focuses on the pandemic, i am pleased to welcome back dr. anthony found he. dr. fauci, as you all know, is leading the nation's fight against the coronavirus. the nationalr of institute of allergies and infectious diseases. he has advised presidents for decades, including president trump and he has been praised by president-elect biden. dr. fauci, welcome back. dr. fauci: it's good to be with you. questions for our audience members. but first, it is giving week. messages forte americans who are still undecided on traveling?

he's interviewed by washington post opinions columnist michelle noris and mellon foundation president elizabeth alexander. former president barack obama, live monday at 11:30 a.m. eastern on book tv on c-span2. >> next 1979 mountain and the massacre of pol pot's killing fields along the taiwan, cambodian border. after that, prime minister's questions with u.k. leader, boris johnson then from a energy secretary, earnest money's -- howst joins a discussion on cities are transitioning to clean energy. ♪ [flute playing]

he's interviewed by michelle norris and mellon foundation president elizabeth alexander. former president barack obama live monday at 11:30 a.m. eastern on book tv