to unpack here and to do so we're joined by richard wolffe professor emeritus at the university of massachusetts amherst so professor of economics at the university of massachusetts amherst so professor well let's start 7 off with the news breaking within the wall flowers its stock spent with rate than a cup news breaking within the last few hours the latest sped rate cut by $21.00 ready for change of buy 1.21 rampage point one sign that backed who was so important is that empire percent so is there any way to read. all the labor that are to respond to the slowing economy comey other than a response to a slowing global economy. yes i think there are many factors that are going into it . yes i think there are many factors that are going into it we have this desired split we have a president and the political we have this bizarre that split we have a president and the political elite telling us that the economy is strong even mr powell said that and yet do it he telling us that the economy is strong even mr powell said that and yet doing the things you normally do when an economy is weak that's the 1st ki

we're joined by richard wolffe professor of economics madness at the university of massachusetts amherst sobel of professor of economics madness at the university of massachusetts amherst so professor well let's start off with the news breaking within the last few hours the latest bad professor well let's start 7 off with the news breaking within the last few hours the latest bad rate cut by 25 minutes to a range of 1.5 to 1.75 percent rate cut by $25.00 to a range of 1.5 to 1.75 percent so is there any way to read these continued cuts other than a response to a slowing global economy so is there any way to read these continued cuts other than a response to a slowing global economy. yes i think there are many factors that are going into it . yes i think there are many factors that are going into it we have this bizarre split we have a president in the polls we have this bizarre split we have a president of the political elite telling us that the economy is strong even mr powell said that and little league telling us that the economy is strong even mr powell said that and yet doing the th

events of the day is professor richard wolfe professor emeritus of economics at the university of massachusetts amherst and the author of democracy at work a cure for capitalism welcome back professor wolfe and 1st on this tax avoidance tax avoidance push by the o.e.c.d. does it go far enough in your view is it likely to happen and how does this push compared to u.s. action on reining in big tax in terms of taxes. but let me go in there the reverse order the europeans have consistently been ahead of the united states in trying to do something about the monopolies as they see it operated by the high tech companies in the world who work very hard to corner particular technologies that they can then sell out of inflated price because they're the only producer who develop their technology precisely to produce things that others won't have for a while so they will be the only seller and can therefore get but not believe price and the reason is not far to look in europe you have a much more powerful labor moved.

much more we're happy to welcome richard wolfe professor of economics emeritus at the university of massachusetts amherst and the author of democracy at work so professor wall of right now nike shares fell after c.c.t.v. sports said that they would suspend n.b.a. broadcast which attracted some $800000000.00 viewers last year nike's aggressive china growth strategy coupled with its connection with the m.b.a. made it extra vulnerable to consumer boycotts in the weeks ahead and months ahead nike has previously relied on china for double digit growth in the region for every single quarter for more than 5 years so how will they navigate this as a consumer brand as it's just so easy for any consumer to just substitute with a domestic brand such as the name or even adidas. well i think you're seeing a learning curve i think you're too. american corporations and indeed corporations in other parts of the world recognize that their future depends on the growth of their business in china is the most rapidly growing collection of all possibilities for corporate growth so they exist on. this planet and to be excluded

events of the day is professor richard wolfe professor emeritus of economics at the university of massachusetts amherst and the author of democracy at work a cure for capitalism welcome back professor wolfe and 1st on this tax avoidance tax avoidance push by the o.e.c.d. does it go far enough in your view is it likely to have. when and how does this push compared to u.s. action on reining in big tax in terms of taxes. but let me go in the reverse order the europeans have consistently been ahead of the united states in trying to do something about the monopolies as they see it operated by the high tech companies in the world who work very hard to corner particular technologies that they can then sell out and inflated price because they're the only producer who develop their technology precisely to produce things that others won't have for a while so they'll be the only seller and can therefore get a lead price and the reason is not far to look in europe you have a much more powerful labor movement than in this country you have strong socialist communist and other left wing parties who put enormous press

events of the day is professor richard wolfe professor emeritus of economics at the university of massachusetts amherst and the author of democracy at work cure for capitalism welcome back professor wolfe and 1st on this tax avoidance tax avoidance pushed by the o.e.c.d. .

facing our global economy we bring back richard the fact that economics emeritus at the university of massachusetts amherst so professor the market is now reacting hard to the bad guys and as historically there has been a very strong correlation between the pm i thought i was sam's and then equities marc. at the services sector however is what's been holding up the entire market right now and all eyes will be on the services waiting tomorrow the gap between the services and the manufacturing number has never been further apart so while manufacturing start to drag down services or conservatives remain intact. i think i would bet on the pulling down effect of manufacturing on services and the reason goes back if you like a little bit historically this is an economic system that's very unstable every 4 to 7 years wherever capitalism has existed it has an economic downturn we are now 8 and even 10 years since the last real bad crash back in one in 2008 and 9 we are due for a one everybody knows it it would have been bad and probably come a little bit earlier but having pushed it off postponed it mostly because

. >> an economist at the university of massachusetts amherst told kaiser health news earlier this yearmillion jobs lost. he said those would be mostly administrative positions and insurers, doctors offices. he said that politicians who want to move toward that system, "medicare for all," have to think about what a quote, just transition, a fair transition would look like. what would that look like for you? >> so i agree. i think this is part of the cost issue. and should be part of a cost plan. melissa: here now is hadley heath manning, independent women forum policy director. part of the cost issue that millions of people who have good-paying jobs they like would no longer be employed. what do you think about that? she is willing to admit that. if she is willing to admit to two million it is probably much bigger number? >> certainly will be a much bigger number. this is looking at administrative jobs in health care. it is not looking at the broader impact of the economy that increased tax burden for "medicare for all" would manifest but i have to agree with elizabeth warren on one poi

. >>> an economist at the university ofs massachusetts amherst said that could result in 2 million jobsmostly administrative positions and insurers, doctors offices and he said that politicians who want to move toward that system, medicare for all, have to think about what a, quote, just transition, a fair transition would look like. what would that look like for you. >> i agree. i think this is part of the cost issue. and should be part of a cost plan. lauren: that was presidential hopeful, often the frontrunner, elizabeth warren, confirming that medicare for all plans like the one she is supporting will lead to millions of lost jobs. let's bring in washington examiner commentary writer kaley mcgee. thank you for joining us. >> thank you. lauren: medicare for all, hot on the trail. we don't have a lot of answers, especially not from elizabeth warren. she says she going to come out with a plan soon. what do you expect her to say? >> i mean, i think that she's going to say the exact same thing that bernie sanders has been saying and that he doesn't have to provide details right now becau

. >> economist at university of massachusetts amherst told kaiser health news earlier this year thatld result two million jobs lost. he said those would mostly administrative positions, insurers, doctors offices. he said that politicians who want to move toward that system, "medicare for all," have to think about what a quote, just transition a fair transition would look like. what would that look like for you? >> so i agree. i think this is part of the cost issue, should be part of a cost plan. neil: i didn't understand that. but i think what elizabeth warren was trying to say is, this economist who suggested "medicare for all" could result in a loss of up to $2 million is technically right. how she would avoid that, that is kind of the open-ended question here. former reagan economist art laffer with us now. art, i didn't quite get where she is coming from. what she is not doing, what bernie sanders already has, to say to pay for all of this, you will have to widen the tax pool for the middle class. he argues they will end up getting more than they're paying taxes back, net-net. th

many of you are here today including michael and nadia, the parents of samia, a university of massachusetts amherst graduate and resident of sheffield, massachusetts, who was tragically killed on the ethiopian flight. the losses that the family and all of the families suffered is absolutely inexcusable. and we will remember that as we move forward in the drafting of legislation. we will do it in the memory of your families. one thing is clear to make sure that safety is our top, top priority. that it is built into every plane and never for sale. unfortunately, our current laws only prevent aircraft manufactures like boeing from selling elements for an additional price. existing rules allow companies to charge extra for non critical safety enhancing features and boeing actually does charge more for those technologies. the 737 max aircraft involved in the indonesian and ethiopian crashes lacked two safety enhancing features. an angle of attack indicator and a disagree light. both of these technologies would have help eded the pilots recognize the faulty sensor readings were causing the plane's automa