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the us federal reserve made it clear wednesday it will keep supplying all the help it can to fight of the recession and high unemployment rate for 4th quarter is following this what's the fed doing. well i mean the federal reserve 1st of all is also coming up with the numbers saying that the u.s. economy probably will contract by about 6 and a half percent this year before coming back 5 percent in the next year and then another good 3 percent the year after i guess it's really impossible to really come up with 6 year numbers because there are so many unknowns what the federal reserve is not doing they're not playing around with negative interest rates but they will keep interest rates near 0 until the end of 2022 they're saying they're not even thinking about at this point to increase rates and they're purchasing u.s. treasuries roughly 80 $1000000000.00 per month the reaction on wall street was very mixed we had financial stocks for example sharply lower because for banks for example lower rates are not called on the other side if you look at capital intense companies like technology
the us federal reserve made it clear wednesday it will keep supplying all the help it can to fight of the recession and high unemployment rate for 4th quarter is following this what's the fed doing. well i mean the federal reserve 1st of all is also coming up with the numbers saying that the u.s. economy probably will contract by about 6 and a half percent this year before coming back 5 percent in the next year and then another good 3 percent the year after i guess it's really impossible to...
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Jun 12, 2020
06/20
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ALJAZ
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mid march its followers rising coronavirus infections in a poor economic forecast from the us federal reserve. the international criminal court has rejected the us president's plan to impose sanctions on some of its officials donald trump wants to stop an investigation into allegations of american war crimes in afghanistan the i.c.c. says 'd a move or undermine its efforts to ensure accountability for mass atrocities wasn't jordan has more from washington. the united states has never been a party to the international criminal court in the hague it says the court does not have the right to put u.s. citizens on trial for alleged crimes against humanity war crimes or genocide but the trumpet ministration has gone further calling the i.c.c. corrupt ineffective and biased we cannot we will not stand by as our people are threatened by a kangaroo court. on thursday it imposed new sanctions on all i.c.c. officials investigating the behavior of us forces and cia operatives in afghanistan it gives us no joy to punish them but we cannot allow i.c.c. officials and their families to come the united states
mid march its followers rising coronavirus infections in a poor economic forecast from the us federal reserve. the international criminal court has rejected the us president's plan to impose sanctions on some of its officials donald trump wants to stop an investigation into allegations of american war crimes in afghanistan the i.c.c. says 'd a move or undermine its efforts to ensure accountability for mass atrocities wasn't jordan has more from washington. the united states has never been a...
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Jun 12, 2020
06/20
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ALJAZ
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since mid march this follows rising coronavirus infections in a poor economic forecast from the us federal reserve. and the u.k.'s economy shrank by more than 20 percent in april the largest monthly contraction on record as the full impact of the coronavirus lock down was felt it comes as union leaders have told al jazeera that manufacturing is on the brink of its biggest collapse in generations every week thousands of jobs are being lost in sectors like aerospace and kamani fracturing nor into the reports. it might be james bond's car of choice but the pandemic is proving to strong aston martin the luxury carmaker announcing nearly a quarter of its highly skilled workforce is to go it's a sign of the times where can they go if they lose their jobs at the moment while at the moment there is no way it's again nobody's recruiting in the car industry across the west midlands nobody is recruiting in the car industry across the u.k. we've seen the announcements from bentley of a 1000 workers blame i didn't have seen the previous and i'm from a side east where they are losing a very large number of thei
since mid march this follows rising coronavirus infections in a poor economic forecast from the us federal reserve. and the u.k.'s economy shrank by more than 20 percent in april the largest monthly contraction on record as the full impact of the coronavirus lock down was felt it comes as union leaders have told al jazeera that manufacturing is on the brink of its biggest collapse in generations every week thousands of jobs are being lost in sectors like aerospace and kamani fracturing nor into...
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Jun 11, 2020
06/20
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BBCNEWS
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first, we start in the us, where the central bank, the us federal reserve, has been giving its first week that the us has officially fallen into recession, bringing to an end more than a decade of growth. now, fed chiefjerome powell is warning the recovery will be a long road. the fed says the us economy will shrink by 6.5% this year — before starting to grow again next year. by the end of the year it says america's jobless rate will be 9.3%. that will start to come down next year but will take years to recover to pre—pandemic levels. it's left the cost of borrowing unchanged at close to zero and suggested it may stay there to the end of 2022 and it will continue to pump billions of dollars a month into the financial system by buying up debt. we are not thinking about raising rates, we are not even thinking about thinking about raising rates! what we are thinking about is providing support for the economy and we do think this will take time. i think most forecasters believe that. it would be great if we got a whole bunch more months ofjob creation, notwithstanding that as i mentioned
first, we start in the us, where the central bank, the us federal reserve, has been giving its first week that the us has officially fallen into recession, bringing to an end more than a decade of growth. now, fed chiefjerome powell is warning the recovery will be a long road. the fed says the us economy will shrink by 6.5% this year — before starting to grow again next year. by the end of the year it says america's jobless rate will be 9.3%. that will start to come down next year but will...
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Jun 26, 2020
06/20
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BLOOMBERG
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what was released yesterday was in a norma's insight about the federal reserve use -- was enormous insight the federal reserve use and the sensitivity to the coronavirus. it also gives us insight into the expectations under loan losses for the banks, and then return of capital, it is fascinating to see the narrative the fed has looking out from today, not only to the issues but 2021. there was much more language and scenarios not only to a u-shaped, not a v-shaped, but a we doed scenario where not have a second rise of covid-19, but the fed has been thinking about this. i think that is important. tom: you absently nailed this as you always do. i was thunderstruck by the language we saw from the team. why did they do that? what is the back story on the why when there was so much ambiguity and mystery past september? ken: it is a great question. it was two things. you had to have a narrative that linked stress test that did not look bad and economy where unemployment was far greater in the adverse scenario of 10.3% unemployment. second, we are looking at unemployment that is not likely to re
what was released yesterday was in a norma's insight about the federal reserve use -- was enormous insight the federal reserve use and the sensitivity to the coronavirus. it also gives us insight into the expectations under loan losses for the banks, and then return of capital, it is fascinating to see the narrative the fed has looking out from today, not only to the issues but 2021. there was much more language and scenarios not only to a u-shaped, not a v-shaped, but a we doed scenario where...
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Jun 16, 2020
06/20
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BBCNEWS
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basically this is lack of actions from the us federal reserve, the central bank. , the us central bank coming into the rescue of financial markets and boosting sentiment late yesterday on wall street and today in asia. since april, millions of indian migrant workers have left cities to return to their villages, by trucks, trains & often on foot. but if reaching home was a monumental challenge, bigger problems lie ahead. with rural india offering few livelihood opportunities, many could plunge into deeper poverty. nikhil inamdar sent us this report from mumbai. translation: we saw sold off some old utensils and water cycle a nd some old utensils and water cycle and came back because of the lockdown. we couldn't stay back there and go hundred —— hungry. after a gruelling a day journey. this couple are among the tens of millions of migrant workers who returned to their villages, safe but staring at an uncertain future. translation: we suffered a lot during the lockdown and we thought things would return on coming home but there are no jobs here in the government hasn'
basically this is lack of actions from the us federal reserve, the central bank. , the us central bank coming into the rescue of financial markets and boosting sentiment late yesterday on wall street and today in asia. since april, millions of indian migrant workers have left cities to return to their villages, by trucks, trains & often on foot. but if reaching home was a monumental challenge, bigger problems lie ahead. with rural india offering few livelihood opportunities, many could...
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Jun 2, 2020
06/20
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CSPAN2
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federal reserve chair jerome powell talked about the us economy and his agency's response to the coronavirus pandemic at a virtual pandemic hosted by the university, and the federal reserve was days away from making the first loans to small and medium-sized businesses for the lending program. this is 40 minutes. >> i have the signal that technology is working. no one would have put that in my domain so to quote somebody i don't take any responsibility for that. alan reiner, director of public affairs at princeton university. thank you for joining us on the special princeton reunion event for federal reserve chair jerome powell, i might add we are happy to have many members of chairman powell's classmates from the princeton class of 1975 on the zoom. on a logistical note if you have a question you are welcome to submit it using the q and a future zoom which you will find on the bottom of your resume window that says q and a. you may upload questions you would like to see answered and take as many of these, a full recording will be posted on the griswold center website. it is live streamed rig
federal reserve chair jerome powell talked about the us economy and his agency's response to the coronavirus pandemic at a virtual pandemic hosted by the university, and the federal reserve was days away from making the first loans to small and medium-sized businesses for the lending program. this is 40 minutes. >> i have the signal that technology is working. no one would have put that in my domain so to quote somebody i don't take any responsibility for that. alan reiner, director of...
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Jun 10, 2020
06/20
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BBCNEWS
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edged higher during wednesday's trading session, with investors keeping a close eye on the us federal reserve'sr securing a $5 billion bailout on tuesday, cathay pacific shares have had a volatile 24 hours. in trading today, the airline's shares jumped almost 20% as investors reacted to the funding update. joining me now from singapore is sharanjit leyl, who has more on this story. that's right. as you said, shares of cathay pacific airways having a turbulent ride after the announcement of that $500 billion government rescue plan, shares rising the most since 2008 before falling back. the carrier actually soared some 90% ahead of the —— 19% ahead of the opening of the hang seng and it is now up 1.3% or so. hang seng and it is now up 1.3% or so. trading in shares had been suspended yesterday pending these announcements. the proposed $5 billion rescue plan includes issuing more shares, warrants and rights as well as the extension of a loan, but these plans are still subject to shareholder approval, in what will be an extraordinary general meeting thatis extraordinary general meeting that is due t
edged higher during wednesday's trading session, with investors keeping a close eye on the us federal reserve'sr securing a $5 billion bailout on tuesday, cathay pacific shares have had a volatile 24 hours. in trading today, the airline's shares jumped almost 20% as investors reacted to the funding update. joining me now from singapore is sharanjit leyl, who has more on this story. that's right. as you said, shares of cathay pacific airways having a turbulent ride after the announcement of that...
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Jun 21, 2020
06/20
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CSPAN2
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thought the great industry was tourism and then i found the shipping that we the federal reserve more cash than most of us at the federal reserve banks put together but now it seems to be pretty honest work. it is choice number two for everybody. once i was here i knew so little that i have a lot of friends including the mayor and the chief of police. that isn't a bad way to start. i don't know how many of you remember his face. he is the ultra irishman and when you look at him you know you are talking to a tough irishman. he only had to call his pistol twice. the anyway, that is how i got started. the you can sync them unless you shoot holes through them. nobody could turn them over. racial and ethnic strikes and tensions at the classic antagonisms seem to permeate and you purposely look for this and choose a location or does the location meet to describe? >> maybe i'm bragging but there are so few writers on th their e and ethnicity and all those things but that is what america is all about. i was born and raised in richmond and there were only two types of people there, black-and-white. i went to get m
thought the great industry was tourism and then i found the shipping that we the federal reserve more cash than most of us at the federal reserve banks put together but now it seems to be pretty honest work. it is choice number two for everybody. once i was here i knew so little that i have a lot of friends including the mayor and the chief of police. that isn't a bad way to start. i don't know how many of you remember his face. he is the ultra irishman and when you look at him you know you are...
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Jun 16, 2020
06/20
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BLOOMBERG
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use of force policies. there will be more federal grants for departments that curb the use of chokehold. the federal reserveepping up its emergency lending program. it will now begin buying individual corporate bonds. the fed has only bought exchange traded funds. -- bonds. buying begins today. -- a new coronavirus outbreak shouldn't lead -- it should lead to another lockdown. beijing closed another food market after a case linked to the original -- was discovered. invard has joined its peers a major shift in college admissions. it won't require standardized testing for classes that begin fall 2021 because coronavirus has restricted access to sat and act. harvard says the change is temporary. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. -- richter cooper cooper. tom: i appreciate it. up, david westin and a conversation firm -- conversation with rick scott. stay with us. ♪ ♪ francine: this is "bloomberg surveilence." we are having a conversation on investing with and richards. if you look at the social unrest
use of force policies. there will be more federal grants for departments that curb the use of chokehold. the federal reserveepping up its emergency lending program. it will now begin buying individual corporate bonds. the fed has only bought exchange traded funds. -- bonds. buying begins today. -- a new coronavirus outbreak shouldn't lead -- it should lead to another lockdown. beijing closed another food market after a case linked to the original -- was discovered. invard has joined its peers a...
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Jun 10, 2020
06/20
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LINKTV
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the federal reserve says said the gdp in the us will shrink by six point 5% in twenty twenty. i was able to keep the lending rate at zero to help boost business web possible. better to give us the analysis on all the latest thing kate moody obscenity who is standing by. thank you very much for being with us tonight is floyd challenged congress this wednesday to stop the pain. as lawmakers consider a sweeping law enforcement overholt. says brother george will be these were his words just another name. the grandest of those killed during interactions with police. floyd's appeaearance before houe hearing came a day after funeral services for his brbrother. george but the fortyy six yeyear old a man whose death has become a worldwide symbol. in demonstrations of the calls for change to police practices and an end to racial crap yes. automate the twenty fifth doctor please help us and knelt on his back. nine minutes in a minute this. eight ruskin. hey is floyd told the silent room just because he didn't like enough is enough. the people marching in the streets i tell you enough is
the federal reserve says said the gdp in the us will shrink by six point 5% in twenty twenty. i was able to keep the lending rate at zero to help boost business web possible. better to give us the analysis on all the latest thing kate moody obscenity who is standing by. thank you very much for being with us tonight is floyd challenged congress this wednesday to stop the pain. as lawmakers consider a sweeping law enforcement overholt. says brother george will be these were his words just another...
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Jun 14, 2020
06/20
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CSPAN
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at the federal reserve, we are strongly committed to using our tools to do whatever we can and for as long as it takes to provide some relief instability to ensure the recovery will be a strong as possible and to limit lasting damage to the economy. t lasting damage to the economy. the most important response to the crisis has come from a healthcare workers and on behalf of the federal reserve look me express our dedicated individuals who put themselves at risk day after day and service to others and to our nation. let me also think the essential workers across the country who have helped meet our basic needs for goods and services during these difficult times. the virus in the forceful measures taken to control have a sharp decline in economic activity in search of job losses. indicators of spending and production plummeted in april and the declined gdp in the current quarter is likely to be the most severe on record. even after the unexpected positively unemployment report, nearly 20 million jobs have been lost on net since february and the unemployment rate has risen about ten perc
at the federal reserve, we are strongly committed to using our tools to do whatever we can and for as long as it takes to provide some relief instability to ensure the recovery will be a strong as possible and to limit lasting damage to the economy. t lasting damage to the economy. the most important response to the crisis has come from a healthcare workers and on behalf of the federal reserve look me express our dedicated individuals who put themselves at risk day after day and service to...
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Jun 11, 2020
06/20
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CSPAN2
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will be there, i don't know that's prettier question but i will say at that point, the useful role of the federal reserve is probably close to an end at that point, we don't have any expertise in managing pools of credit assets, loans if you will or bonds and we don't want to be made -- we don't want to be part of the decision to manage such a portfolio. we would be looking to have that done either someplace else or by a third party or the treasury department. were working on ideas for that. the real focus now is getting these facilities going and getting them to do the job that they need to do. >> donnell. >> thank you, chair, i have two quick questions. if we have hit bottom at the economy, the second question is regarding the way that the pandemic has exacerbated racial inequality, i want to talk to what extent do you think you can factor in those disparities when you're thinking about. >> i would say many forecasters had been expecting a bottom for the economy around the middle of the year, it was a huge range of uncertainty and i think the labor market and the evidence of one job report in may, we d
will be there, i don't know that's prettier question but i will say at that point, the useful role of the federal reserve is probably close to an end at that point, we don't have any expertise in managing pools of credit assets, loans if you will or bonds and we don't want to be made -- we don't want to be part of the decision to manage such a portfolio. we would be looking to have that done either someplace else or by a third party or the treasury department. were working on ideas for that....
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Jun 11, 2020
06/20
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BBCNEWS
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really, really dire forecasts and now we see those predictions by the federal reserve 's in the us forecastingic numbers. it's good to see that the president, donald trump, and the us still predicts a great third quarter. and an even better 2021, which is interesting given that there have been great predictions that this economic crisis could last for two decades or more, given the impact that it's had with such a prolonged lockdown of the world. i suspect he's thinking about the upcoming election in the us. when it comes to death about a lot of concerns stem on the possibility of a second wave of this coronavirus. what's the mood in germany light, given they've done so well in terms of their figures? for the time being, there is not really fear of a second wave in germany. there are still a couple hundred new infections every day, but they are very localised. the r rate has now been constantly under one, and as i expected before, because they are pretty good as localising or tracking down where the infections are, they have been good at isolating people. saying that it has not always been eas
really, really dire forecasts and now we see those predictions by the federal reserve 's in the us forecastingic numbers. it's good to see that the president, donald trump, and the us still predicts a great third quarter. and an even better 2021, which is interesting given that there have been great predictions that this economic crisis could last for two decades or more, given the impact that it's had with such a prolonged lockdown of the world. i suspect he's thinking about the upcoming...
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Jun 30, 2020
06/20
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BLOOMBERG
tv
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granted treasury the authority to provide $454 billion to support federal reserve lending facilities under section 13.3. since march 17 using funds available, i have approved a number of federal reserve programs. the commercial paper program, primary dealer program, the talf, the secondary facility, main street facility, municipal facility, and the ppp lending facility. we have committed approximately $200 billion to support these. this has promoted much-needed access to liquidity. billionover $250 remaining to create or expand programs as needed. while we are beginning to have conversations about supplemental relief legislation, we look forward to working with congress on a bipartisan basis in july on any other further legislation that will be necessary. treasury has only been entrusted with a tremendous amount of funding to inject into the economy. we are closely monitoring these results and seeing if conditions improve. we would anticipate any additional relief would be targeted to certain industries that have been especially hard-hit by the pandemic with a focus on jobs and putting americans back to work or have lost th
granted treasury the authority to provide $454 billion to support federal reserve lending facilities under section 13.3. since march 17 using funds available, i have approved a number of federal reserve programs. the commercial paper program, primary dealer program, the talf, the secondary facility, main street facility, municipal facility, and the ppp lending facility. we have committed approximately $200 billion to support these. this has promoted much-needed access to liquidity. billionover...
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Jun 30, 2020
06/20
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CNBC
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granted treasury the authority to provide 454 billion to support federal reserve lending facilities under section 13.3. since march 17th, using funds available, i have approved a number of federal reserve programs the commercial paper program, primary dealer program, the money market mutual program, the tlf, the primary corporate facility the secondary facility the main street facility the municipal facility and the ppp lending facility we have committed approximately 200 billion to support these the announcements of these programs have helped unlock markets and promote much-needed access to liquidity. we have over 250 billion remaining to create or expand programs as needed while we're beginning to have conversations about supplemental relief legislation, we look forward to working with congress on a bipartisan basis in july on any other further legislation that will be necessary treasury has already been entrusted with a tremendous amount of funding to inject into the economy. we're closely monitoring these results and seeing conditions improve. we would anticipate that any additional relief would be targeted to certain ind
granted treasury the authority to provide 454 billion to support federal reserve lending facilities under section 13.3. since march 17th, using funds available, i have approved a number of federal reserve programs the commercial paper program, primary dealer program, the money market mutual program, the tlf, the primary corporate facility the secondary facility the main street facility the municipal facility and the ppp lending facility we have committed approximately 200 billion to support...
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Jun 11, 2020
06/20
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BBCNEWS
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let's get some of the day's other news: the us central bank, the federal reserve, has released its firstprojections since the coronavirus pandemic. it estimates a 6.5% decline in gdp and unemployment just above 9% by year's end. it also signalled it would mantain its close to zero interest rate for several more years. tokyo's olympic games will be a simplified version of the global sporting event. that's according to the chief executive of the organising committee. organizers say they are working on more than 200 ideas to simplify and reduce costs for the games. the event was supposed to start injuly, but was pushed back to next march. a work by the british graffiti artist banksy, which was cut away by theives last year from the bataclan music hall in paris, has been found by police in an abandoned farmhouse in abruzzo central italy. the work was stenciled on an emergency exit of the venue commemorating the victims of the 2015 islamist terror attack in paris, which had targetted the concert hall. in arctic russia, there are warnings that the operation to clean—up more than 20,000 tonnes
let's get some of the day's other news: the us central bank, the federal reserve, has released its firstprojections since the coronavirus pandemic. it estimates a 6.5% decline in gdp and unemployment just above 9% by year's end. it also signalled it would mantain its close to zero interest rate for several more years. tokyo's olympic games will be a simplified version of the global sporting event. that's according to the chief executive of the organising committee. organizers say they are...
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Jun 16, 2020
06/20
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BLOOMBERG
tv
eye 48
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the order will urge police to adopt use of force policies. the federal reservestepping up emergency landing to central banks. fed has boughthe only exchange traded funds. the fed says it will follow a diversified market index of corporate bonds buying begins today. beijing is trying to figure out if a new coronavirus outbreak in the city should lead to another strict lockdown. health officials have ramped up mass testing. it includes another food market aftertaste link to the original was discovered. 11 other food markets have been shuttered and almost 300 others sanitized. it was the deadliest corporate crime in u.s. history. today a california courtroom, pg&e will plead guilty 84 times to involuntary manslaughter. utilities equipment sparked the wildfires in 2018. .g&e will pay a $4 million fine peers inas joined its a major shift in college admissions. it will require standardized testing for the class that begins in 2021. that is because the coronavirus pandemic has restricted access to the sat and act. harvard says the changes only temporary. more than half
the order will urge police to adopt use of force policies. the federal reservestepping up emergency landing to central banks. fed has boughthe only exchange traded funds. the fed says it will follow a diversified market index of corporate bonds buying begins today. beijing is trying to figure out if a new coronavirus outbreak in the city should lead to another strict lockdown. health officials have ramped up mass testing. it includes another food market aftertaste link to the original was...
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Jun 3, 2020
06/20
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CSPAN3
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thank you for joining us on this special reunion event with federal reserve chair jer powell. sponsored by princeton's griz wald center. we're happy to have many members of chairman powell's classmates on the princeton class of 1975 on the zoom. just one quick logistical note, if you have a question, you're welcome to submit it any time you want using the q&a feature of zoom which you'll find at the bottom of your zoom window. it tez q&a. you may also upload questions that you'd like to see answered and we'll take as many of these as we can. a full recording of the talk will be posted on the griz wald center's website and the talk is live streamed right now. i'm pretty sure that's working. yes, we're live. okay. let me introduce a man that needs no introduction. we're happy to welcome here today. jay powell graduated from princeton which is relevant today. 45 years ago. ten years after that, he married his lovely wife alyssa and this weekend the two of them are celebrating the graduation of their daughter suzy as a member of princeton's class of 2020 which is sure to be a memo
thank you for joining us on this special reunion event with federal reserve chair jer powell. sponsored by princeton's griz wald center. we're happy to have many members of chairman powell's classmates on the princeton class of 1975 on the zoom. just one quick logistical note, if you have a question, you're welcome to submit it any time you want using the q&a feature of zoom which you'll find at the bottom of your zoom window. it tez q&a. you may also upload questions that you'd like to...
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Jun 26, 2020
06/20
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BLOOMBERG
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us. the federal reserve caps dividends and bans buybacks for u.s. banks in the third quarter. the story, which might not necessarily be bad as the bank could end up making more money. this is uber. ♪ -- bloomberg. ♪ matt: welcome back to "bloomberg markets: european open." 30 minutes into the session, we are looking at gains across equity indexes. no matter where you look, you will see green arrows. this is the broader stoxx 600 benchmark. gaining 0.7%. if you look at the breakdown of groups, you can see that by in the index, it gives you the group ranked returns, you can see the winners and losers today. technology leading, basic resources doing well. the interesting thing is that banks are the losers. these are european banks, not u.s. banks that were in the news yesterday. certainly it is a knee-jerk reaction after the dividend and buyback freeze that we heard about yesterday out of washington. anna: let's get the bloomberg first word news update. top stories we are focused on. the u.s. set a new record in daily coronavirus cases, topping the peak in april. texas governor g
us. the federal reserve caps dividends and bans buybacks for u.s. banks in the third quarter. the story, which might not necessarily be bad as the bank could end up making more money. this is uber. ♪ -- bloomberg. ♪ matt: welcome back to "bloomberg markets: european open." 30 minutes into the session, we are looking at gains across equity indexes. no matter where you look, you will see green arrows. this is the broader stoxx 600 benchmark. gaining 0.7%. if you look at the...
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Jun 16, 2020
06/20
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CSPAN
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us from new hampshire. c-span tuesday on the networks, federal reserve chair jerome powell testifies on monetary policy at a senate hearing. that is at 10:00 a.m. on c-span. at 2:30, the senate judiciary committee holds a hearing on police use of force and community relations. witnesses include st. paul, minnesota mayor melvin carter, fraternal order of police national president patrick yost. 10:00 a.m., the senate returns for work on the bill to provide funding for national parks and public lands. c-span3, am. on senate appropriations subcommittee hears from federal communications commission chair on the spectrum auctions program. onnoon, a committee military personnel hears from judge advocate generals of the army, navy, air force, and marines on racial disparity in the military justice system. in his daily briefing on monday, california governor gavin newsom talked about the rise of coronavirus cases in his stage. he says he believes his state is prepared to handle any increase in cases. he also reiterated that local county governments make reopening decisions based on state guidelines and not the state.
us from new hampshire. c-span tuesday on the networks, federal reserve chair jerome powell testifies on monetary policy at a senate hearing. that is at 10:00 a.m. on c-span. at 2:30, the senate judiciary committee holds a hearing on police use of force and community relations. witnesses include st. paul, minnesota mayor melvin carter, fraternal order of police national president patrick yost. 10:00 a.m., the senate returns for work on the bill to provide funding for national parks and public...
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Jun 22, 2020
06/20
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KNTV
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eye 64
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the mint told us it is partnering with the federal reserve to ensure the health of our nation's transactions increase, the coin supply will increase as well. bottom line this coin shortage won't mean very much for families like yours. one upside, though, the fed recommended banks ease their restrictions on loose coin deposits so perhaps it's time to dig between the sofa cushions and take that found money to the bank. back to you. >> i will look for it. >>> nascar is investigating a disturbing discovery, the discovery of a noose found in a racetrack garage as the league's only full-time black driver, bubba wallace. you might remember he just did a black lives matter themed car. the discovery was made yesterday at talladega speedway in alabama. wallace recently pushed to get nascar to ban the confederate flag from its track which some fans expressed opposition to yesterday. in a statement wallace says he is incredibly saddened by this act but will continue to proudly stand for what he believes in. nascar echoed the same sentiment. >>> stars returned to live tv for the espy awards. this year's
the mint told us it is partnering with the federal reserve to ensure the health of our nation's transactions increase, the coin supply will increase as well. bottom line this coin shortage won't mean very much for families like yours. one upside, though, the fed recommended banks ease their restrictions on loose coin deposits so perhaps it's time to dig between the sofa cushions and take that found money to the bank. back to you. >> i will look for it. >>> nascar is investigating...
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much more the great victims of bill clinton's deregulation was very well for example with federal reserve tells us that college educated black people know a 70 percent of their wealth not their annual income you know whoa wealth and brown people lost 60 percent they lost their homes they were sold a sucker mortgages and everything but you're here is what i'd say you know if you don't accept me you're not you're not a black person but the real issue was a new thread baby and that's why our early discussion is relevant because senator hillary clinton is saying look i've got to disagree with my husband's follow sees even though i was there i've got it was you know even challenge obama's policies because what did obama do he bailed out wall street didn't have a moratorium on foreclosures he didn't help people stay in their own so he took all of that money and gave her a tsunami and what did hillary clinton why was she very angry with julian assange should edward snowden what did you and sometimes reveal he revealed what she said member bernie sanders said you must be given some great speeches for 3 qu
much more the great victims of bill clinton's deregulation was very well for example with federal reserve tells us that college educated black people know a 70 percent of their wealth not their annual income you know whoa wealth and brown people lost 60 percent they lost their homes they were sold a sucker mortgages and everything but you're here is what i'd say you know if you don't accept me you're not you're not a black person but the real issue was a new thread baby and that's why our early...
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Jun 16, 2020
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we've had on the economy but it's unclear whether the fed or what construct or tests the federal reserve would use to slow or stop them. >> we also spoke with vanguard with the notion that maybe this next fiscal package should include some kind of stabilizers. in other words, if they don't fall fast enough, maybe you do some support for those that are jobless or whatever form that would take, and if the economy is better than expected, some of those would fall off more quickly. i don't know if there's any chance it becomes reality. >> i think it's emblematic of the idea the fed went in with both feet and there was a cry from all over the country, including from politicians for the fed to do as much as it could as quickly as it could it did not em bbed in all the programs to shut them off. for example, if the markets were to be functioning better, the fed is not lending above market, for example, or not buying corporate bonds at the market price, it's buying bonds at the market price and it's obviously lower than themselves this whole bond market of how it gets in, how it gets out and what triggers
we've had on the economy but it's unclear whether the fed or what construct or tests the federal reserve would use to slow or stop them. >> we also spoke with vanguard with the notion that maybe this next fiscal package should include some kind of stabilizers. in other words, if they don't fall fast enough, maybe you do some support for those that are jobless or whatever form that would take, and if the economy is better than expected, some of those would fall off more quickly. i don't...
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Jun 29, 2020
06/20
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will remain near zero until they are confident the federal reserve is confident that the economy has recovered. he says, the federal reserve will use their full range of tools in order to support the economy. we're looking at low interest rates now for at least the next couple years. back to you guys. melissa: all right. edward. thank you for that. connell: edward, tomorrow's news today literally. let's get to jackie deangelis on today's news, this market rally and you know, quite a rally it was after a rough week last week. reporter: absolutely. a little bit of a comeback, connell. the market seeing a 579 point gain at the end of the day. that was the dow jones industrials. that was largely because of the optimism about reopening, right? we've seen this seesaw back and forth, right? the market spooked a little bit last week but this week we're moving forward and cases among the coronavirus among the younger population not ending up in the amount of hospitalizations. that is what the market is holding up for at least the moment here. one of the reasons the dow so much higher is boeing itself, trading up 194 bucks. because the 737 m
will remain near zero until they are confident the federal reserve is confident that the economy has recovered. he says, the federal reserve will use their full range of tools in order to support the economy. we're looking at low interest rates now for at least the next couple years. back to you guys. melissa: all right. edward. thank you for that. connell: edward, tomorrow's news today literally. let's get to jackie deangelis on today's news, this market rally and you know, quite a rally it...
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so what might happen is the federal reserve is just enough of the currency in all of the nominated in federal reserve notes you couldn't use government sound becomes especially worthless and it built a new monetary system based on past additional money which is of course you know goal so there are so many different possibilities acacias could unfold in the future to reset the watch and see and you know plan accordingly but one thing is pretty certain in my mind that is going to have a key role to play as this unfolds right now jan was the last time i talked with the actual a oil it pre-dates when the world started to implement negative interest rates we have not had a chance to speak to you about negative interest rates at all and this is a new thing in the history of economics and government bonds suddenly were issued at negative rates it's aimed a repudiation of all laws of economics but there you have it still being done what how do you weigh it on negative interest rates jams. it's just so absurd you know where you begin to discuss the absurdity is just another indication of how out of whack this monetary system is and
so what might happen is the federal reserve is just enough of the currency in all of the nominated in federal reserve notes you couldn't use government sound becomes especially worthless and it built a new monetary system based on past additional money which is of course you know goal so there are so many different possibilities acacias could unfold in the future to reset the watch and see and you know plan accordingly but one thing is pretty certain in my mind that is going to have a key role...
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Jun 17, 2020
06/20
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-- that's the judgment that we've come to in terms of what the -- section 13-3 of the federal reserve act requires us. >> to close, madam chair, in the conversations we talked about giving minorities more access, taking care of those communities. our territories have upwards of 90% populations comprised of minorities. we talked about the need for supporting tourism industries. our tourism industries in our territories are critically strained. we need to be able to access these resources we're providing. thank you, madam chair. i yield back. >> thank you very much. i'd like to thank chair powell for his testimony today. without objection, all members will have five legislative days within which to submit additional written questions, where the witnesses to the chair which will be forwarded to chair powell for his response. i ask you to please respond as promptly as you're able. without objection, all members will have five legislative days within which to submit extraneous materials to the chair for inclusion in the record. let me just say that i join with all of you today, all of my colleagues, in se
-- that's the judgment that we've come to in terms of what the -- section 13-3 of the federal reserve act requires us. >> to close, madam chair, in the conversations we talked about giving minorities more access, taking care of those communities. our territories have upwards of 90% populations comprised of minorities. we talked about the need for supporting tourism industries. our tourism industries in our territories are critically strained. we need to be able to access these resources...
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Jun 12, 2020
06/20
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this morning the federal reserve told congress it would use the full range of tools to combat the pandemic. >>> ne franci peopre encelingk via and webster street. this is a grass roots movement. people, families and kids coming giant letters and bright paint. the words will stretch across three blocks. >>> starbucks has reversed the earlier position on employee clothing or access reese sporting the phrase black lives matter. the seattle-based coffee company initially said employees could not wear t- shirts or pins displaying the phrase in an internal memo leaked to buzzfeed news. it came with intense backlash. starbucks is walking back the position and announced it is making specialty t-shirts black lives matter and donating to > so americans are qty. waiting for the phone call to return to the office. but companies seeing the benefits of a remote work force, there is no great hurry. michael george reports that could be a permanent shift in the way we work. >> reporter: as exec sif director of catholic guardian services this man manages a staff of more than 700 workers and these days he is
this morning the federal reserve told congress it would use the full range of tools to combat the pandemic. >>> ne franci peopre encelingk via and webster street. this is a grass roots movement. people, families and kids coming giant letters and bright paint. the words will stretch across three blocks. >>> starbucks has reversed the earlier position on employee clothing or access reese sporting the phrase black lives matter. the seattle-based coffee company initially said...
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Jun 11, 2020
06/20
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to hear people follow-up, push him more, because i do not believe it is as binary as the federal reserve leads uslieve. they can do more targeted things. it is not just about the blunt tool of interest rates. we have seen that with the things they've launched over the past month or so. tom: there's no question about that. to be fair to chairman powell, who i think gets better and better at these press conferences -- remember my am forced to listen to every word of it because i am on air with scarlet fu -- he had two statements within the conference on the pandemic. i believe near the end come on the challenges this nation faces with protests. i thought michael mckee ended the press conference with a discussion of asset inflation, and then really addressing the inequalities which were very extraordinary. there's a change in the air, and it's not funny. in the pandemic, the trend has reversed to spread across this nation and spread out of control in so many developing economies. is a doctor out of yale university. he had public service with barack obama in the apartment -- the but far more departme
to hear people follow-up, push him more, because i do not believe it is as binary as the federal reserve leads uslieve. they can do more targeted things. it is not just about the blunt tool of interest rates. we have seen that with the things they've launched over the past month or so. tom: there's no question about that. to be fair to chairman powell, who i think gets better and better at these press conferences -- remember my am forced to listen to every word of it because i am on air with...
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Jun 10, 2020
06/20
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FBC
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i would just say at that point, you know, the useful role of the federal reserve is probably close to an end at that point. we don't have any expertise in managing pools of credit assets, loans, if you will, or bonds, and you know, we don't want -- we don't really want to be part of the decisions that have to be made to manage such a portfolio. we would be looking to have that done either some place else or by a third party or at the treasury department or something. we are working on ideas for that. but our real focus now is on getting these facilities going and getting them to do the job that they need to do. reporter: i have two quick questions. one is, if we have hit bottom for the economy. the second question is regarding the way that the pandemic has exacerbated racial inequality. i want to talk to what effect you can factor in both. >> i would say that many forecasters had been expecting a bottom for the economy around the middle of the year, with a huge range of uncertainty. i think the labor market, the evidence of one jobs report is that the labor market may have hit bottom
i would just say at that point, you know, the useful role of the federal reserve is probably close to an end at that point. we don't have any expertise in managing pools of credit assets, loans, if you will, or bonds, and you know, we don't want -- we don't really want to be part of the decisions that have to be made to manage such a portfolio. we would be looking to have that done either some place else or by a third party or at the treasury department or something. we are working on ideas for...
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Jun 10, 2020
06/20
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federal reserve is committed they say to use the full range of tools to support the economy. this was a unanimous decision but again, charles, holding the federal funds rate where it is at least through 2022 is their projections. back to you. charles: edward, thank you very much, my friend. hopefully we'll come back to you for some additional information but right now i would like to bring in to discuss, kaltbaum capital management president, gary kaltbaum, katherine rooney vera and bahnsen group, david bahnsen. gary, let me start with you. any surprises here? market trading down lower initially? >> i got one big surprise. last i looked it is june 2020. they're talking about keeping rates to zero through 2022. to me that is utterly insane. there are some variables, so many things that can happen. one day the bond market may tell the fed, we're a lott stronger than you and interest rates back up regardless what they do, then they're in a box. i do not like the fact they're talking 2022 but everything else, no surprise. they're going to print money at $1.5 trillion a clip into t
federal reserve is committed they say to use the full range of tools to support the economy. this was a unanimous decision but again, charles, holding the federal funds rate where it is at least through 2022 is their projections. back to you. charles: edward, thank you very much, my friend. hopefully we'll come back to you for some additional information but right now i would like to bring in to discuss, kaltbaum capital management president, gary kaltbaum, katherine rooney vera and bahnsen...
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Jun 15, 2020
06/20
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for time, but some people struggle with the idea that you can still use high-yield spreads as an indicator of anything. the federal reserve has got involved in the market. why is that still useful for anything? why is that a decent measure of the fundamentals in any way at all in the united dates? think every recession we've had, there has been involvement of government officials into the economy and into the markets. we've had greater deficit spending, faster money supply, a drop in the fed funds rate in every recession we've had. as we progress forward since the 80's on, those interventions have become greater and greater. i agree, today is greater than ever. but the action of intervening is no different in past recessions. we might not have bought junk bonds directly, but we were buying other bonds that affected junk credits. i'm not sure the signals are all that different from the past. on the other side is that big debate that is raging right now. then tactic to catch up with you. i can sell you that she would have been sitting there going yes, yes, and raring to get in on that high-yield question. the value of the t
for time, but some people struggle with the idea that you can still use high-yield spreads as an indicator of anything. the federal reserve has got involved in the market. why is that still useful for anything? why is that a decent measure of the fundamentals in any way at all in the united dates? think every recession we've had, there has been involvement of government officials into the economy and into the markets. we've had greater deficit spending, faster money supply, a drop in the fed...
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Jun 12, 2020
06/20
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in the us, consumer confidence has perked up from the record lows of the past few months. but the federal reservened of a further sharp decline in economic activity, and warned the us faced an uncertain recovery. in italy, prime minister giuseppe conte has been questioned by prosecutors after relatives of covid—i9 victims demanded an inquiry into alleged government negligence. they argue virus hotspots should have been isolated earlier. let's get more details now on the economic situation here in the uk. our economics editor faisal islam has this report. the massive hit to the economy is no surprise when streets are silent. shops are closed, factories are idle and tens of billions in sales don't happen because they cannot. but such a slump on this scale in one month isn'tjust a record, it was unimaginable and way beyond any normal scale. marlow zoo is one example of a leisure attraction was shut down is seen in these numbers. april had easter this year so we were expecting about 70,000 guests to come here to enjoy the zoo and in the end we got nobody. whilst we were expecting £1.8 million in term
in the us, consumer confidence has perked up from the record lows of the past few months. but the federal reservened of a further sharp decline in economic activity, and warned the us faced an uncertain recovery. in italy, prime minister giuseppe conte has been questioned by prosecutors after relatives of covid—i9 victims demanded an inquiry into alleged government negligence. they argue virus hotspots should have been isolated earlier. let's get more details now on the economic situation...
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Jun 12, 2020
06/20
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wave of covid-19, 23 states selling a surge in less than rosy outlook delivered from the federal reserve. with usising drug treatments, vaccines from [inaudible] and this debate concerns about covid-19 in recent protests. were they super spreader events? government officials are worried about this but also, treasury secretary mnuchin saying the u.s. cannot shut down again if there is a second
wave of covid-19, 23 states selling a surge in less than rosy outlook delivered from the federal reserve. with usising drug treatments, vaccines from [inaudible] and this debate concerns about covid-19 in recent protests. were they super spreader events? government officials are worried about this but also, treasury secretary mnuchin saying the u.s. cannot shut down again if there is a second
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Jun 29, 2020
06/20
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taking place and whether the fed has over stepped its bounds, in it he says the tools the federal reserve are using are for times of emergency such as what we're living through now when economic conditions improve we'll put those tools back in the tool box those are some of the highlights a lot of this will go into reiterating the steps taken. we'll listen for q&a for any more news. back to you. >> thank you i listened to the feds comments about the economy i'd be depressed, except that the fed has extraordinary tools it continues to use. >> yeah we're just levitating on those tools. that's been a good thing and i don't see that changing at all. remember how down beat powell was a week or two ago. and that give some people comfort that things are bad so they're still there. that's been the right trade. >> bad news is good news, wins the day again. >>> coming up, shares of micron on the move. we'll bring you the results. and one airline up, the name and trade straight ahead on "fast" keeping me from the things i love to do. talk to your doctor, and call 844-214-2424. because now you can expewatch al
taking place and whether the fed has over stepped its bounds, in it he says the tools the federal reserve are using are for times of emergency such as what we're living through now when economic conditions improve we'll put those tools back in the tool box those are some of the highlights a lot of this will go into reiterating the steps taken. we'll listen for q&a for any more news. back to you. >> thank you i listened to the feds comments about the economy i'd be depressed, except...
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Jun 11, 2020
06/20
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less than rosy outlook delivered from the federal reserve. with usonight, columnist byron york on news about promising drug treatments and vaccines from j&j. regeneron and mow derna. concerns about covid-19 in recent protests. were they super spread events? government officials worried about this. treasury secretary steve mnuchin saying the u.s. cannot shut down again if there is a second wave. also with us, former acting attorney general matthew whitaker on the senate judiciary today firing up the subpoena cannon straight at 507, mostly former senior obama officials -- 50. in probe of abuses of power in the russia probe. we've got the names. plus this, newly declassified documents show what we've been reporting for three years now. republicans are now outraged that in these documents the fbi knew that democrat funded opposition research used to do unlawful surveillance of the trump campaign was not verified, was uncorroborated and there was no there there. this is early 2017, well before robert mueller launched the trump russia probe. >>> former pol
less than rosy outlook delivered from the federal reserve. with usonight, columnist byron york on news about promising drug treatments and vaccines from j&j. regeneron and mow derna. concerns about covid-19 in recent protests. were they super spread events? government officials worried about this. treasury secretary steve mnuchin saying the u.s. cannot shut down again if there is a second wave. also with us, former acting attorney general matthew whitaker on the senate judiciary today...
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Jun 29, 2020
06/20
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. >> what we have right now is the federal reserve providing us now advance copies of the testimony that fed chair jerome powell will give to the committee on financial services for the house of representatives tomorrow. in it, some of the highlights. jerome powell will say tomorrow that as the economy begins to reopen, incoming data is beginning to reflect economic activity many businesses are opening their doors. now while this is an important new phase and we have done so sooner than expected, this bounceback in economic activity is welcome it presents new challenges, notably the need to keep the virus in check he goes on to say the path forward for the economy is extraordinarily uncertain and will depend in large part on our successes in containing the virus. a full recovery is unlikely until people are confident that it is safe to re-engage in a broad range of activities and then one more that was interesting here there are many of those out there, sara that are questioning whether or not the fed's actions in unprecedented times are within its mandate, whether it is acting legally.
. >> what we have right now is the federal reserve providing us now advance copies of the testimony that fed chair jerome powell will give to the committee on financial services for the house of representatives tomorrow. in it, some of the highlights. jerome powell will say tomorrow that as the economy begins to reopen, incoming data is beginning to reflect economic activity many businesses are opening their doors. now while this is an important new phase and we have done so sooner than...
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Jun 25, 2020
06/20
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FBC
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the federal reserve will use the results to set the new capital requirements of the banks to take effectth quarter. there is a lot of uncertainty going forward with the forecast because of the coronavirus and health issues coming in. the bottom line for randy quarles here is that the banking system is a symbol of strength and not strain during these tests but also in this crisis. back to you. connell: all right. interesting, to test those different hypothetical scenarios. edward lawrence on the banks. melissa? melissa: return to the big screen. movie theaters across the country are uncovering a brand new challenge as they prepare to reopen. prices of one household staple soaring to all-time high amid the pandemic with experts warning it could get even worse do you have concerns about mild memory loss related to aging? prevagen is the number one pharmacist-recommended memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. now every bath fitter bathbath fis installed quickly, safely, and beautifully, with a lifetime warranty
the federal reserve will use the results to set the new capital requirements of the banks to take effectth quarter. there is a lot of uncertainty going forward with the forecast because of the coronavirus and health issues coming in. the bottom line for randy quarles here is that the banking system is a symbol of strength and not strain during these tests but also in this crisis. back to you. connell: all right. interesting, to test those different hypothetical scenarios. edward lawrence on the...