i go back to 2013 and the axis of alan meltzer out of ucla, legendary, alan meltzer saying this is adea and david for birds in the heat of the bundesbank had the courage to say ecb must qe. just damage for that. the heat was there. bring us to the deutsche bank call on quantitative tightening. >> thanks so much for having me. we have seen a lot of movement in terms of the inflation data yesterday. we could talk about rate hikes as well. from a balance sheet perspective, our view has been at the may fomc meeting the fed will announce the maximum amount they will run off. at the july fomc meeting, they will announce the actual drawdown. think that amounts to $600 billion this year, $1 trillion next year, 1.6 trillion over the next two years. what does that mean in terms of overall tightening? we have done a lot of work trying to equate that to interest rate hikes. that is 2.5 to three rate hikes. seven times equivalent this year, three times next year. you are talking more than three percentage points and effective tightening from the fed. jonathan: let's start with the 50. 50 basis po

of course, meltzer is a senior spokesman for the un high commissioner for refugees. he says the solidarity shown by neighboring countries is touching we're talking about thousands of people. so in the 1st 48 hours about 75000 people from the ukraine have arrived in poland alone. and he had that part of the border. like in the yellow pots, also long lines of cars from, from the ukraine. sometimes the people they told us they are waiting for 24 hours. the even even more they are, they sat there frightens, but they also kind of relief because right now they think they are. they are safe and happy that they can go to poland. we have the situation that about 12130000 cranes have left that country, but they are of course, much more people inside of the place. we need expect higher number. but we see also a lot of philadelphia in poland, but also in romania and lavaca and adobe that the government and also the people itself, the open up the help. and the signs of solidarity are really touching mainly women and children. not that many men within the refugees and they the tol

chris meltzer is a senior spokesman for the un high commissioner for refugees. he joins us now via skype from dusk on the poland ukraine. florida. thanks so much for being with us. so tell us, 1st of all, the extent of the refugee challenge from where you are, how many people are coming through. are you expecting to come through and what is the greatest need right now? are we talking about thousands of people? so in the 1st 48 hours about $75000.00 people from the train have arrived in poland alone. and he had that part of the border like a pod. also long lines of cars from, from the ukraine. sometimes the people they told us they are waiting for 24 hours or even even more they are, they sat, they are frightened, but they also kind of relief because right now they think they are, they are safe and happy that they can go to poland and obviously the, you and hcr will be calling for more help as, as this continues. and as you inevitably expect more refugees to come through. yes. right now we have the situation that about 118-213-0000 degrading left that country, bu

constructed, ukrainian on forces to try to hold the country, hold the capital and hold on to name chris meltzer as a senior spokesman for the un high commissioner for refugees, he's in the polish border china. dora hoskins has been speaking to some of those who recently arrived from ukraine. we talking about thousands of people. so in the 1st 48 hours about 75000 people from the train have arrived in poland alone. and he had that part of the border, like in the yellow pots, also long lines of cars from, from the ukraine. sometimes the people they told us they are waiting for 24 hours. the even even more they are, they sat there frightens, but they also kind of relief because right now they think they are, they are safe and happy that they can go to poland. we have the situation that about 12130000 cranes have left their country, but they are much more people inside of the place. we need to expect a higher number but also a lot of philadelphia in poland, but also in romania and lavaca. and adobe that the government and also the people itself, the open up the help and the signs of solidarity are

numbers are off the lows of the session, so that's the good news, and this guy on your screen, david meltzerdollars he made on his own, most of his sates he lost including his mom's house, he managed to fight back and get back on his feet and is now a hugely-successful entrepreneur , best selling author and store pad caster, you've got to hear his success story and how he failed and more importantly, how he got backup again. his story, is my latest everyone talks to liz podcast available on apple, google, spotify everywhere you get your podcast, closing bell 18 minutes away we are coming right back with charlie gasparino. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidate

during last month's hearing on cyber security we had an interesting back and forth with mister scott meltzer on the minute institute in court regarding increased cyber security threats associated with the transition to electric buses and the fact that it brings with it a whole new level of cyber exposure and other security risks not previously anticipated. mister belcher agreed that these increased risks include the ability to degrade batteries remotely, cause fires, manually take over controls of the vehicle at sarah and went on as far as to say we be safer if we were stillrunning diesel buses . i'm a fan of diesel and all of them. just got to be ready to implement love processes to make sure that we're safe. while we were discussing these issues in the context of electric buses, purchased by transit agencies with fda funding these concerns are much more widespread than just buses. in fact the same concerns apply to our electric vehicles. on either by the government or private citizens. and the associated charging infrastructure. i wonder if either of you can expand on the significant incre