on wall street these c.e.o.'s they can they pull away and some of them would pull in $100000000.00 a year and dick fuld had several years were. it was $789100000000.00 in one year. he had a multi-million dollar home in greenwich and that's where he lived most of the time but he also kept a very fancy malls high $1000000.00 apartment on park avenue and he had another home down in florida also worth $1015000000.00 another place in idaho a sun valley some sort of a cabin in the woods there but again multi-million dollar property. since 2000 you've taken home more than $480000000.00 that's almost half a $1000000000.00 your company is now bankrupt our economy is in a state of crisis but you got to keep 480 $1000000.00 i have a very basic question for you is this fair i would say to you the $500.00 number is not accurate and i believe the amount that i took out of the company over to that was. i believe a little bit less than 250000000000 still a large number of the still a large number. of the i mean you know the fact

barthel was attracted to wall street and more jealous attracted to wall street found more and more ways of exploiting the system and using bribes to deregulate. so by the time ago to the late 1990s and early 21st century, the system was ripe for an explosion. and as we know it as in 2008. michael: and wendy to get to the part of the book with eroded pretty one of the one of the striking scenes is that it is not only republicans are politicians, who rigged the system, you argue the pro-business or wall street friendly democrats as well as republicans participated in rigging the system. much of the d regulations, getting rid of that grass single law for example happened during democratic administration. and in that case, the clinton administration. and we will get to the bailout and the obama years in a moment. by can you describe how it is that you watched as democratic demonstrations, not only republican once but then participants in the deregulation of finance, and the rigging of the system as you have described it rated. michael: i think that when it comes to rigging, the republicans

and we know this wall street's wall street's meeting with trump regularly the u.s. chamber of commerce is meeting with from regularly and they're saying look we want to take all the things we've accomplished in the past with obama and clinton and bush and we now want to put all those great accomplishments on steroids i would love to say that there's a huge difference between the parties in how they regard 'd this type of deregulation issue and how they regard wall street but there really isn't and. are this is what i do for a living i've tried cases against corporate america in both both parties have been so active in taking away consumer rights but this is over the. tom this is absolutely over the top because they're saying this to wall street they're saying it to health to the health industry they're saying it to the environmental industry do what you want to do just just do what ever you want to do him no matter how sweeping it is do what you want to do and everything's going to be ok did i overstate that isn't that what this legislation really is geared towards.

this is your business report i'm stephen beardsley it's good to have you with us wall street wavered monday as more economies began reopening at risk of new infections the dow index spending much of the session down before recovering some of its losses spain france and belgium have all relaxed some pandemic restrictions beginning this week as have more states in the u.s. meanwhile south korea once a model for its response is reporting new cases as is the chinese city of han where the virus originated. and let's go now to our financial correspondent in new york yes and scored a positive run for wall street last week why was it so unsure as a kicked off this week yeah there is a sentiment on wall street that when it comes to stock prices we might have seen the lows in march but there's also this sense that was the comeback that we've recently seen that also the best of the recovery might be behind us and then we still have a lot of companies coming out with preview dismissal quarterly results and mary it was sort of one of those examples here on monday or under armor their competitor t

been trash talking bitcoin one guy that is a wall street or a hedge fund or. you know a couple of them have come forward and they have done they've dabbled in big but we've never had wall street royalty like paul tudor jones who virtually reinvented the hedge fund in the early 1900 $86.00 step forward and say this is going to be the fastest horse in the race as we revisit inflation due to this massive money printing and as you point out big corning was purpose built to handle quantitative easing and irresponsible central bankers with the hardening which is another way to say the having would you agree with all that absolutely if you know as you re single government and central bank across the world is doing the quantity of using we've got quantitative hardening happening with because. for those who don't know is the moment when because i know that's issuance reagan newly minted big. house which is coming up here very shortly on the 11th or 12th and this is a monument just moment because that brings because. lower than the u.s. dollar in gold now that is a litt

more "wall street" right after this. ♪ ♪ maria: welcome back.it for us for this weekend. thank you so much for joining us. we'll have a big show next weekend, every friday at fox business, 9 p.m. eastern for another edition of "wall street," and next friday we'll be zeroing into the jobs situation when we get the may jobs numbers. join us for that. and this weekend over on fox news, "sunday morning futures," live at 10 a.m. eastern. we've got a big show this weekend, secretary of state mike pompeo, along with florida governor ron desantis, former white house chief strategist steve bannon and house minority leader kevin mccarthy. catch it live, 10 a.m. ian on fox news. and right here on fox business, start smart every weekday, tune in 6-9 a.m. eastern for "mornings with maria." we've got a big show this monday, our five-year anniversary. join us then. that'll do it for us righthave e weekend, everybody, and i'll see you again next time. ♪ ♪ gerry: hello and welcome to the "wall street journal at large." when 2020 began, we all thought the big new

plus, virtual wall street. how this quarantine may have changed the trading business for good remember you can watch or listen to us live on the go on the cnbc app. we'll be back with our special breaking news coverage stay with us across america, business owners are figuring things out. finding new ways to serve customers... connect employees... and work with partners. comcast business is right there with you. with a network that helps give you speed, reliability and security. and enough bandwidth to handle all your connected devices. voice solutions like remote call forwarding and readable voicemail. and safe, convenient installation. when every connection counts, you can count on us. get the connectivity your business needs. call today. comcast business. >>> welcome back stocks are near session lows this afternoon on the slew of weak earnings and the pace of re-opening the economy the worst performer of the major three is the nasdaq. it's trimmed its losses. it's only down more than 3%. the russell 2000 is d

wall street only you know only 30 percent or so of americans actually have money in wall street that doesn't represent the whole the economy is not america i know it's a popular thing to say but capitalism isn't what made this country great absolutely and wall street doesn't care about the death toll and you know we've seen that there is no there's no you know remorse from them as it relates to the thousands of americans who potentially lives are at stake right now and will be if we open up without having the precautions necessary we know that we don't have a vaccine that's probably years out actually we know that we are able to contact trace we're not able to do it effectively and there are many states that are trying to create their own contact tracing teams but even that's going to take a while and it's a long time before we're out of the dark on this but you know you know who is also i would include in the you know 19 pontificating on who are considered a war criminal you know people who profit off of the hurt and sorrow of others united airlines announced that they would be cutt

eastern, friday nights, another edition of "wall street."ou sunday on fox news channel for "sunday morning futures" when i speak with white house adviser peter navarro. catch the show live, 10 a.m. eastern on sunday over on fox news. plus right here on fox business start smart every weekday, weekdays from 6-9 a.m. eastern for "mornings with maria" right here on fox business as we set the tone for the day. that'll do it for us for now. thank you so much for being here. have a great rest of the weekend. and to all of you mothers out there, wishing you the very best mother's day. you are my hero. i'll see you again next time. ♪ ♪ gerry: hello and welcome to "wall street journal at large." the economic impact of the almost two-month-long lockdown of the united states because of the coronavirus outbreak came into much sharper focus on friday. that's when the labor department reported that 20 the.5 million americans -- 20.5 million americans lost their jobs last month, the most since the government began keeping records in 1939. the april unemploy

fronts from washington to wall street to your street, markets in turmoil next.ve on the cnbc app >>> good evening i'm scott walkler on day 144 of the coronavirus crisis tonight an iconic theme park takes a big leap towards reopening >> florida's famous amusement parks are on a path forward. >> right now universal presenting its plan to the economic task force. >> tonight we'll hear from a key link in the chain on whether they'll be allowed to reopen plus -- >> my guess is when we start we will limit the number of people who can go onto a ship >> a major cruise line ceo on what he'do

deregulation of bill clinton going along with the republicans ending the new deal restraints on wall street i wrote a book called the great american stock up it's all in there and so what happened is that when hillary ran she couldn't define herself as a populist what you needed which is what you have been very sad those are elizabeth warren and he said she tried to say we have no problems it's just these deplorable is going to trump and will notice a lot of pain in america and affects one people also a lot of them one for trump and also by the way affected brown and black people much more the great victims of bill clinton's deregulation was very well for example the federal reserve tells us that college educated black people know a 70 percent of their wealth not their annual income you know ho wealth and brown people lost 60 percent they lost their homes they were sold to sucker mortgages and everything what you hear is well i didn't 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 relev

negotiate with me and not wall street necessarily. maria: barry, it is great to see you.don't be a stranger, come back soon. >> thanks, maria. great to be with you. good luck. maria: and to you. thank you. don't go anywhere, eric edwards is up next, stay with us. (vo) our communities need help like never before and wells fargo employees are assisting millions of customers across america through fee waivers and payment deferrals, helping people stay in their homes through mortgage payment relief efforts and donating $175 million dollars to help hundreds of local organizations provide food and other critical needs... when you need us, wells fargo is here to help. ♪ maria: and new developments with china, increased border tensions with fellow nuclear power india and unrest in hong kong highlighting the urgency behind the white house's effort to get u.s. companies to move their supply chains back to america. eric edwards' pharmaceutical company,phloe, is leading the effort, producing the ingredients for drugs in the united states. eric edwards, great to have you, thanks very

♪ >> 23r-9 fox studios in new york city, this is maria bartiromo's "wall street."aria: happy weekend, everyone. welcome to the program that analyzes the week that was and helps position you for the week ahead. i'm maria bartiromo. coming up in just a few moments, starwood capital group ceo and chairman barry sternlick my special guest, joining me to talk about the reopening ott american economy. and later on, eric edwards joins me to talk about bringing drug manufacturing back to the united states, taking the supply chains out of china. but first, americans are slowly getting back to work as all 50 states are now open in some capacity, some states requiring that visitors and residents who are returning from other states self-quarantine before they actually enter that state. joining me now to talk about the reopening of america and the real and permanent changes to the country that we can expect is the chairman and ceo of the starwood capital group, barry, always a pleasure to see you. thanks for joining us this weekend. >> great to be with you. maria: so now we've

." ♪ ♪ os in new york city, this is maria bartiromo's "wall street."ia: and happy weekend, everyone. thank you so much for joining us. welcome welcome to the program that helps position you for the week ahead. i'm maria bartiromo. coming up this weekend, my one-on-one with the ceo and president of boeing, david calhoun is here on the future of aerospace and when travel will start to normalize. what it will take to get a recovery from the devastation wreaked by covid-19, this pandemic and the shutdown. then later, the transportation secretary, e lake chao -- elaine chao, talks about the department of transportation's efforts to get the economy up and running as we see more states open this weekend, 25 states reopening. that is about 33% of the gdp. all of that coming up. but first, the coronavirus crisis wreaked havoc in april resulting in the worst jobs report since the end of world war ii. the u.s. economy lost more than 20 million jobs in the month of april with more than 33 million filing for unemployment benefits over the past seven weeks. the unem

but then surprisingly strong data from china are what did wall street react to most. well i mean the figures from china are clearly worse a pleasant surprise because economists said to expect that another huge should drop in exports and obviously that did not happen well those figures probably won't be sustainable they had been quite some backlog goes specially from southeast asian nations so the figures will get a bit worse in the next couple of weeks and months probably but still if you look at the market overall we see it to good knowledge ease shares on the rise and not just today but also in the past a couple of weeks actually than a stock called because if there's a big where it started its year we live in a more and more digital world to especially now and that's what wall street is betting on even if those figures from the labor market clearly are shocking and also prove in the near future that people just won't spend at all as much if they've done it before the crisis hit and let's talk a little bit about the people we just saw about 3 young gentleman passing

negotiate with me and not wall street necessarily. maria: barry, it is great to see you.e don't be a stranger, come back soon. >> thanks, maria. great to be with you. good luck. maria: and to you. thank you. don't go anywhere, introducing new voltaren arthritis pain gel, the first and only full prescription strength non-steroidal anti-inflammatory gel available over-the-counter. new voltaren is powerful arthritis pain relief in a gel. voltaren. the joy of movement. new voltaren is powerful arthunlike ordinaryef in a gel. wmemory supplementsr? neuriva has clinically proven ingredients that fuel 5 indicators of brain performance. memory, focus, accuracy, learning, and concentration. try neuriva for 30 days and see the difference. there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere.

the elections if he is getting reelected before things get tougher and you could also see it on wall street when he started the press conference stocks got under pressure but then when there was a lack of action so it was stocks recovered and for the month of may the jones industrial average is up by more than 4 percent. quarter in new york thank you. more than 443000 brazil is the country with the most covered $900.00 cases after the united states now president j. boss and arrow has repeatedly played down the dangers of the virus and it's largely the country's governors that have instated preventive measures and the impact on the economy has started to show and experts fear the worst is yet to come. from january to march brazil's economy shrank by one and a half percent but the true extent of the crisis will only become apparent in the 2nd quarter analysts fear unemployment could spike at almost 20 percent by the end of the year it's a story seen the world over many states here have altered lockdowns prompting the loss of $5000000.00 jobs. opportunity but we hope that this bad phase will e

move coming after china expelled 3 wall street journal journalists following this op ed back in february so whose side has the us mainstream media been taking in all of this yes initially president trump praised china but in the following weeks testing in the u.s. failed to catch up to the need vital equipment was short bodies filled refrigerator trailers and science was continuously challenge as the u.s. led the world and illness and death the white house moved the focus to the chinese government that's where the speech president some would say is trying to scapegoat china we are risking a real resurgence of siena phobia as a result of. this and other things that have happened so often at the state media level that you find out what the chinese are really thinking a completely different reaction to president from suggestion of cutting off relations altogether with china the global times pretty influential newspaper saying that this is marina say something that's not been heard from any u.s. president saying it's hardly surprising from a president who suggested injecting disinfectant int

melissa: reopening the country, sparking a rally on wall street.he dow fighting a close above 25,000 as the new york stocks exchange partially reopens today. i'm melissa francis. connell: i'm connell mcshane. welcome to "after the bell." we were off the session highs for major averages but still really nice rally. still firmly in positive territory at the close. hopes for a possible vaccine being developed and certainly plenty of optimism about reopening the economy. so we'll cover it all. fox business team coverage. blake burman is