35 Burst results for "Economic Adviser"

You Cannot Trust 'Moderate' Democrats

Mark Levin

01:55 min | Last month

You Cannot Trust 'Moderate' Democrats

"They are absolutely liars They try to befriend you and before an election you finally see them before an election they glad hand you they smile they try to show that they can relate and then they go to Washington And they're in a social circle They're in a political circle They're Democrats This is their ideology Please understand those of you who listen to understand but pass the word This is intentional This is not a mistake There's no confusion I played you purposely some of the audio of Biden and Biden's top economic advisers stay the course this is intentional And you need leadership you're certainly not going to get it from a so called moderate Democrat on these issues Look how Manchin even folded like a cheap tent So called moderate Democrat Look how cinema forwarded like a cheap tent What's that tricks name in northern New Jersey mister producer Cosh heimer whatever his name is Look how he folded like a cheap tent Gottheimer What a joke Stan Berger who people keep pushing in Virginia Republican I'm going what the hell are they talking about She folded like a cheap tank They all do It's party before a country It's power before compassion Passing government programs driving up the power of central government massively expanding the bureaucracy They're not missing a paycheck They're feeling perfectly fine I am telling you ladies and gentlemen that's not compassion

Biden Cosh Heimer Stan Berger Manchin Confusion Washington New Jersey Virginia
"economic adviser" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:44 min | 2 months ago

"economic adviser" Discussed on Bloomberg Radio New York

"Trade here in Australia, but a lot of markets around the region closed today, Brian. Yeah, we do have Japan close today and we'll get China reopening after the weeklong holidays. So those two big markets alone make today kind of interesting. And of course, we had a big sell off on Wall Street on Friday, the S&P 500 down 2.8% the NASDAQ following almost 4% dropped to some 420 points. And the mood has turned pretty dour. Now you have to say risk sentiment is very weak at the moment. Investors seem like they're sort of giving up on a Central Bank pivot anytime soon. They now see recession as probably coming. And in any case, it will take earnings lower because up until now, companies have been able to offset higher costs with their own higher prices to the consumer. Well, if inflation comes down by definition, they won't have that offset anymore. And so we're expecting to have earnings, if not down in the in the previous quarter, the expectations for what's coming up the forecast as it were might be worrisome to investors. The world's leading central banks are pushing their rates up to restrictive territory, not just the fed, basically looking around the world, Bloomberg economics estimates. The global average policy rate now is at 4.7%. That will rise to 5.2% by the time we finish up this year and it'll get up to 5.4%, the third quarter of 2023. Yield on the ten year treasury here 3.88%, the two year all the way up at 4.30% and WTI crude 92 44 equity futures again down one to 2%. Oh, let's get the cash market in Sydney here at the moment. The ASX is down. 6 tenths of a percent Paul. All right, thanks, Brian. Well, elian's chief economic adviser Muhammad el Arian says the U.S. is at risk of a damaging precision. Blamed the fed for that risk by quote slamming on the brakes this year. That's after the fib was criticized for being slow off the mark to counter inflation. He told CBS face the nation that some pain may now be inevitable in the fed's inflation fight. We are currently on what I think of as a bumpy journey to a better destination. And we need to navigate both the journey and get ready for the destination. There is a possibility that the Federal Reserve makes another mistake and that that bumpy journey actually changes the destination. That's why the markets are on edge. That's Allianz chief economic adviser, Muhammad el Arian heard here on Bloomberg. He said that the fed has to not only overcome inflation, but also restore its credibility. The fed last raised its benchmark rate by 75 basis points on September 21. Economic data last week kept up pressure for another hike with the U.S. payrolls climbing 263,000 last month. The fed's next meeting over the first. Global finance chiefs will be gathering in Washington in the coming days. It comes with the warning of a sizable loss in the world's economic output. Let's get that story from Bloomberg, Susanna Palmer. For $1 trillion is the size of the hole in the growth outlook through 2026 that International Monetary Fund achieved cristalina, georgieva, identified last week as a looming risk, she'll play host as central bankers finance ministers and others confront the fallout on the global economy of rampant inflation, aggressive monetary policy tightening, rising debt and the biggest ground war in Europe since World War II. The IMF and World Bank annual meetings will be fully in person for the first time since the outbreak of COVID-19 and early 2020. Susanna Palmer Bloomberg daybreak Asia. 5 minutes past the hour now time for check of global news

fed Muhammad el Arian Brian Central Bank elian Japan Australia China treasury Global finance chiefs Bloomberg U.S.
"economic adviser" Discussed on WCPT 820

WCPT 820

04:59 min | 3 months ago

"economic adviser" Discussed on WCPT 820

"The president's council of economic advisers issued an annual report. They do is every year But this one was particularly interesting because it was the, you know, the new century. And so they looked back a hundred years and 1900. And this is what they wrote. They said to appreciate how far we've come. It's instructive to look back at what American life was like in 1900. At the turn of the century, fewer than 10% of homes had electricity, fewer than 2% of people had telephones, and automobile was a luxury that only the very wealthy could afford. Many women still sewed their own clothes and gave birth at home because chlorination had not yet been introduced and water filtration was rare, typhoid fever, spread by contaminated water was a common affliction. One in ten children died in infancy, average life expectancy was a mere 47 years. Fewer than 14% of Americans graduated from high school, widowhood was more common than divorce because of the dire economic consequences to women of divorce. The average household had had close to 5 members in a 5th of all households had 7 or more, living in one house, sometimes in two rooms. And the average per CAPiTA income in $1999 in 1900 was about $4200. In other words, 90%, 95% of Americans lived in poverty. The typical workweek in manufacturing was about 50 hours, 20% longer than the average today. So that was 1900, according to the president's council of economic advisers. So what transformed America from that? From a country like Bangladesh or Columbia or. Brazil, what converted us from a developing country into a developed country? What built our middle class? One word, unions. In 1935, president Franklin Roosevelt passed the Wagner act, also known as the national labor relations act. And the Wagner act not only legalized unions, but gave legal protections to unions. Well, how is it then? And unions built the middle class. It's just that simple. So how is it then that we went from 8 is from 65% of Americans being in the middle class in 1980 when Reagan was elected to 45% now? How did we lose 20% of our middle class? Well, when Reagan was elected, 33% of Americans are about 30% of about a third of Americans had union jobs. Which meant another third of Americans had jobs that had union wages and benefits because the local unions defined the local wage floor against which other employers had to compete. And so good wages were widespread as we're good benefits. Therefore, you know, that's two thirds, right? A third head unions, another third had union wages and benefits, even though they didn't have a union. And surprise, surprise about two thirds of Americans were in the middle class. This is not rocket science. And why have we lost 20% of our middle class? Because the rate of unionization in the United States and the private sector right now is 6%. So what did Elizabeth Warren do to change this? She has proposed a new piece of legislation. That is called the nationwide right to unionize act. It has 18 democratic co sponsors in the Senate. And there's a companion bill over a thousand representatives pramila jayapal and other members of the House congressional progressive caucus have signed on. It has about a dozen members, democratic members in the House. And here's your assignment for the day, call your member of Congress two O two to excuse me. Two O two, two two four 31 21. Write that down on your hand and put it on a piece of paper and stick it on your refrigerator with a magnet. Because that's the switchboard for Congress and all you have to do is say, hey, I live in Alabama. I need to talk to one of my senators, or here's my zip code. I want to talk to my member of the House of Representatives. Because you need to call all three, both your senators and your member of the House. And tell them that to support the nation wide right to unionize act. We want a middle class back in America. Now, Republicans and the billionaires who own them and who own a few Democrats, I would bet that you're not going to see Josh gottheimer and the other corporate problem solving Democrats on this bill. But maybe we've got enough and maybe if we get more after the November election, we'll have enough to get this thing passed. Maybe even in that lame duck session in November and December. So call two O two two two four 31 21. And let them know

council of economic advisers typhoid fever Reagan president Franklin Roosevelt America pramila jayapal Bangladesh
Bernie Sanders's Economic Advisor Wants to Keep Printing Money

The Ben Shapiro Show

01:20 min | 4 months ago

Bernie Sanders's Economic Advisor Wants to Keep Printing Money

"Is no shock that The New Yorker ran a piece, August 2019, titled The Economist who believes the government should just print more money. Stephanie kelton, a senior economic adviser to Bernie Sanders and Professor of economics and public policy at stony brook university, is popular in a way that economists almost definitionally are not. Filmmakers trail her with cameras. She goes on international speaking tours. And once it sold out a basketball arena in Italy, kelton is the foremost evangelist of a fringe economic movement called modern monetary theory, which argues in part that the government should pay for programs requiring big spending like the Green New Deal simply by printing more money. This is a polarizing idea. This spring at kelton spoke at The Wall Street Journal's future of everything festival on the day as a journal staffer introduced kelton as an economist with an idea that will either solve the world's problems or send it into ruin. She made a face and then walked on stage. So what exactly does she say? Well, adherents of MMT imagine a world built on MMT principles in which the government provides guaranteed jobs, healthcare affordable college, launches clean infrastructure projects to replace crumbling highways airports and bridges. Kelton, who does at least 5 interviews per week, plus lectures speaking gigs in conferences, is more than anyone else responsible for building MMT's digital army. So what exactly is MMT? Well, it means that we just spend money, and don't worry about it.

Kelton Stephanie Kelton Stony Brook University Bernie Sanders The New Yorker Basketball Italy The Wall Street Journal MMT
Jared Bernstein: It Makes Sense Polls Suggest We're in a Recession

Mike Gallagher Podcast

01:09 min | 4 months ago

Jared Bernstein: It Makes Sense Polls Suggest We're in a Recession

"The White House economic adviser said on CNN's Wolf Blitzer. This is a Jared Bernstein. He's the one of the council of economic adviser members. He said that it makes perfect sense. That 64% of the people believe that we are in a session because it feels like a recession may not be by Biden's definition of recession, but it's hard to convince the American people otherwise this is in cut number 9. 64%, Jared, right now, the American people, 64% already believe the U.S. is in a recession. So what do you say to them? I say that that makes perfect sense to me that people would answer a poll with that kind of a response. And the reason is, is because if you actually look at how the group that designates recessions, it's a group of economists in Cambridge and the national bureau of economic research, it's a fairly technical set of analyses that we've been talking about throughout the week. But most people are thinking about inflation. They're thinking about the pressures on their family budgets. And it's completely understandable that they would be.

Council Of Economic Jared Bernstein Wolf Blitzer CNN White House Biden Jared National Bureau Of Economic Re U.S. Cambridge
The Media Defends Biden, Won't Admit We're in a Recession

Mark Levin

01:59 min | 4 months ago

The Media Defends Biden, Won't Admit We're in a Recession

"ABC CBS we're not really in a recession our friends at news busters point that out This is today Cut to go The thing we are looking for later today that GDP report that some economists believe could show the second straight quarter of declines in our economic activity One way that people define a recession is not the official definition of a recession We're looking at this and we're hearing about recession It's almost like a buzzword now Aren't we I mean look we don't know Typically if GDP falls for a second quarter in a row that could signal a looming recession But the Biden administration has been insisting that that is not the case this time around that the economy is simply recalibrating after a post pandemic boom And then we have Brian deese who's been everywhere because he's a moron economic adviser to Biden cut 8 mister producer go We don't want to devolve into the recession labeled debate but I do wonder do you eventually expect the NBR to declare what we're in a recession Well we're certainly at a transition and we are seeing slowing as we all would have expected But I think if you look at the full data and the type of data that NDR looks at virtually nothing signals that this period in the second quarter is recessionary Obviously in the labor market 3.6% unemployment but also 1.2 million jobs in the second quarter 2.7 million jobs over the first half of this year That's not what a typical people or what the MDR would typically think of as recessionary If you've never heard of the NBR before that's okay It's another shiny object I wonder if any women on the NBR women you know People with vaginas I'm just saying that is the typical definition of a woman I

Biden Administration Brian Deese CBS ABC NBR Biden NDR
As We Predicted for Months on This Show, Crashflation Is Here

The Charlie Kirk Show

01:07 min | 4 months ago

As We Predicted for Months on This Show, Crashflation Is Here

"Now heading towards a sequence of economic decisions of which many of you, young people, many students out there that are watching have never lived through. Now this will be completely different in my personal opinion than the 2008 financial crisis. The 2008 financial crisis was sudden. It was a shock to the system. I believe this will be a slow motion car crash. A series of bad news day after day, month after month, when after 6 or 9 months to say how the heck did we end up here? Former economic adviser Larry summer says there's a greater risk of stagflation which we call crash for some number of years than the market is currently discounting. Someone asked me the day, Charlie, how long is this going to take? I said it could take two to three years. You don't spend $7 trillion that you do not have on top of the $4.4 trillion. We're already spending from the federal government locked down an entire society inject it back into the country and act as if everything's going to be fine. You want to know why Bill Gates is buying farmland because he knows that when things fall apart, it's the only thing you're going to have left. Play

Larry Summer Charlie Federal Government Bill Gates
Andy Puzder Explains How Biden Caused the Inflation Crisis

The Hugh Hewitt Show: Highly Concentrated

01:48 min | 4 months ago

Andy Puzder Explains How Biden Caused the Inflation Crisis

"Andy, last night, Lee and Garrett and yesterday, Dwayne and I were coming back from lunch and then Uber, driven by Ali. And all he's a great black guy who is getting on my case. He's seen me on MSNBC and NBC, and I don't think he watches Fox. And all he says, do you really think Joe Biden causes inflation? I said, they spent $2 trillion that we didn't need to spend. Of course they did. And then they added on the infrastructure Bill. Of course they caused inflation. I don't know who they want to blame Putin. What do you think of that argument? Well, the argument that Biden didn't cause this is ridiculous. Larry summers came out, who was the Larry summers isn't like some far right Republican. You know, he's not going to be having lunch with you and Andy. This is a guy from Harvard who was secretary of treasury under Clinton. He ran the council of economic advisers for president Obama. He came out before they passed this $1.9 trillion bill and said, do not pass this bill. He came out in The Washington Post with an article that said, this will ignite inflation. You're going to end up with hyperinflation if you pass that. They pass it, and it ignited hyperinflation. Jason fuhrman, another leftist economist, said the same thing. Steve ratner, who was an Obama economist, said the same thing. Do not do not do this spending bill. They did it anyway. It ignited inflation, and it caused the current problems we're having. You know, look, if demand is way up and the fed's trying to bring demand down, don't spend money. What you could do, what you couldn't do to support the fed's efforts is try and increase supply. Because if supply and demand meet, it doesn't matter how high demand is. If we have enough supply to meet it, there's no inflation. That was the case under president Trump. Plenty of supply, plenty of demand. Now we've got this excessive demand and limited supply. Encourage the supply side. Reduce regulation. So businesses want to produce. This is the key to the key.

Larry Summers Andy Dwayne Garrett Joe Biden Msnbc Jason Fuhrman ALI Steve Ratner NBC Council Of Economic Advisers Putin LEE Biden FOX Harvard Treasury President Obama
Brian Deese & Joe Biden Are Redefining 'Recession'

Mark Levin

01:52 min | 4 months ago

Brian Deese & Joe Biden Are Redefining 'Recession'

"And so the Biden administration has a fix for recession Redefine it And so they send out this slug Brian deese Biden's economic adviser and he's on the constipated news network today And he's asked by John Berman Go cut too It sounds like you're anticipating what will be comments from some saying two quarters of negative growth in a row that's a recession Right and certainly in terms of the technical definition it's not a recession the technical definition Now they tell us mister producer In terms of the technical definition it's not a recession I thought it was the technical definition Making it a recession But no ladies and gentlemen Washington D.C. has news for the entire country No recession Yay it's not a recession where read the flying it It's massive economic growth and opportunity Yay Yes Just getting into the manufacturing of propeller hats and battery warmed socks and stuff like that And you'll be in a robust massive growth economy It's not a recession It's only recession when Republicans are in office There can be no recession when Democrats in office There can be no recession There can be no inflation ladies and gentlemen Don't you understand No recession no inflation no women no nothing That Democrats are in control it's the greatest thing

Biden Administration Brian Deese Biden John Berman Washington D.C.
Gas prices could soon fall below $4 a gallon: Biden adviser

AP News Radio

00:31 sec | 4 months ago

Gas prices could soon fall below $4 a gallon: Biden adviser

"Crediting the Biden administration with a drop in gas prices I'm Lisa dwyer with the latest The White House is touting a 34 day drop in gas prices nationwide calling it one of the fastest declines in fuel prices in a decade At a White House press briefing White House economic adviser Jared Bernstein had this to say Probably the toughest constraint facing American households right now the budgetary impacts of these elevated prices And we're showing you here today some real results Asked if the administration is preparing for a

Biden Administration Lisa Dwyer White House Jared Bernstein
"economic adviser" Discussed on 77WABC Radio

77WABC Radio

02:00 min | 5 months ago

"economic adviser" Discussed on 77WABC Radio

"Keen is a host on Bloomberg today As opposed to Bloomberg yesterday And he has on his program The White House economic adviser Heather Boucher Now they have all these ideological no names as economic advisers Have you noticed that But here's Heather Boucher Cut 8 go The president over the weekend said this My message to the company's running gas stations and setting prices at the pump is simple This is a time of war and global payroll Bring down the price you were charging at the pump's reflect the cost you're paying for the product and do it now Jeff Bezos came out and tweeted the following I'm sure you read it Inflation is far too important a problem for The White House to keep making statements like this You see the straight ahead misdirection or a deep misunderstanding of basic market dynamics I'm not going to accuse you of the latter I want to talk about the former Where's that messaging coming from The president has made clear that his number one goal is delivering for the American people We are in a time of crisis We are an eternal you're shipping our oil to communist China You moron Go ahead President or allies we are supporting the Ukrainian people Congress is engaged in this effort both such as nothing to do with supporting the Ukrainian people and I'm fed up with this Your policies your war on our energy system came long before defending the Ukrainian people And I support strongly defending the Ukrainian people Why are you blaming the Ukrainian people Go ahead Important priority And one of the consequences is this high price of oil because of global trends And the answer is important Everyone Heather everyone in the nation wants to know the answer to the question mister Farrell just asked you which is who is advising the president on shockingly naive price

Economic Adviser Heather Boushey Blames Bad Economy to Ukraine

Mark Levin

02:00 min | 5 months ago

Economic Adviser Heather Boushey Blames Bad Economy to Ukraine

"Keen is a host on Bloomberg today As opposed to Bloomberg yesterday And he has on his program The White House economic adviser Heather Boucher Now they have all these ideological no names as economic advisers Have you noticed that But here's Heather Boucher Cut 8 go The president over the weekend said this My message to the company's running gas stations and setting prices at the pump is simple This is a time of war and global payroll Bring down the price you were charging at the pump's reflect the cost you're paying for the product and do it now Jeff Bezos came out and tweeted the following I'm sure you read it Inflation is far too important a problem for The White House to keep making statements like this You see the straight ahead misdirection or a deep misunderstanding of basic market dynamics I'm not going to accuse you of the latter I want to talk about the former Where's that messaging coming from The president has made clear that his number one goal is delivering for the American people We are in a time of crisis We are an eternal you're shipping our oil to communist China You moron Go ahead President or allies we are supporting the Ukrainian people Congress is engaged in this effort both such as nothing to do with supporting the Ukrainian people and I'm fed up with this Your policies your war on our energy system came long before defending the Ukrainian people And I support strongly defending the Ukrainian people Why are you blaming the Ukrainian people Go ahead Important priority And one of the consequences is this high price of oil because of global trends And the answer is important Everyone Heather everyone in the nation wants to know the answer to the question mister Farrell just asked you which is who is advising the president on shockingly naive price

Heather Boucher Bloomberg Jeff Bezos White House China Congress Mister Farrell Heather
Prices Are Not Going Back to Where They Were - We Are IN a Recession!

The Charlie Kirk Show

01:52 min | 7 months ago

Prices Are Not Going Back to Where They Were - We Are IN a Recession!

"Santelli, prices are not going back to where they were. Play cut 66. But prices are not. And I underscore our not going back to where they were. You'd need months and months of months of minus signs on year over year, a month over month, CPI and PPI. Don't think you're going to get months and months of those. Cut 68 CNBC panelists. I'm concerned about the decline in the labor force participation right. People ask me, do you think a recession is coming? I think we're in a recession. Right now. Like that 68. I am concerned about the declining participation rate and we should have read too much into one month's report. But this is part of the reason we've been seeing pressures on wages. So for president dropping out, again, I think the pressure on wages could continue, so I think there are some signs there of concern. It's maybe the quiet before the storm. Economic adviser for Joe Biden was asked about this about, do you think we're heading towards a recession while we can't rule anything out? What a ridiculous question. We're heading into a session. We are in a recession right now. Play cut 61. Americans, they don't feel good about it, right? You're looking at your feelings. They don't feel good about it. Can you tell the American people that we're not headed for a recession? I can tell the American people that we are much better positioned when it comes to that recession question than pretty much any other advanced economy I've seen. But probably more importantly. So you can't rule it out. Hold on. You can never rule anything out. So that's not really a relevant question. You can never rule anything out. Okay, got it. And who are they blaming? Well, thankfully, the American people are blaming Joe Biden. The economy, inflation created by our response to COVID. We did this. Did not happen

Santelli Cnbc Joe Biden Covid
"economic adviser" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:33 min | 9 months ago

"economic adviser" Discussed on Bloomberg Radio New York

"The chief economic adviser at Alphabet The core between G and Biden You said exposed a deepening divide You say the fact that Russia's aggression in Ukraine or even the Chinese didn't even use the word invasion Now from Friday to Sunday on CBS the ambassador saying you know there's a lot of disinformation You're negative on the overall read out aren't you China's main point and I think we can see it's at the leadership level but also we have to look at vice minister level and also you can see Yang Chi Chi in Rome before the fight and sea meeting and simply they feel that globalization through sanctions policy has been weaponized So you see that the basically mentioned two things it takes two hands to clap with basically means the proverb of they have to sit down and sort of figure out a solution here And I think that's basically China was trying to get to some levels of solutions last week And now it's all going to be super Thursday in Europe that we're going to have American Europe city down to also try and get some type of diplomatic solution as Ukrainian Russian talks continue Here more conversations like this one on Bloomberg television streaming live on Bloomberg dot com and on the Bloomberg mobile app or check your local cable listings Markets headlines and breaking news 24 hours a day at Bloomberg dot com the Bloomberg business app And at Bloomberg quick take.

Russia Yang Chi Chi Biden CBS China Rome Europe Bloomberg
Who Is Dr. Andrei Illarionov, Former Adviser to Vladimir Putin?

America First with Sebastian Gorka Podcast

02:44 min | 9 months ago

Who Is Dr. Andrei Illarionov, Former Adviser to Vladimir Putin?

"He is a former economic adviser to Russia's acting prime minister jago gadar, chief economic adviser to Russian prime minister Viktor Chen midin and chief economic adviser to Vladimir Putin, doctor Andre il lardo hilaria. Welcome to America first. Thank you very much. Sebastian for inviting me. You are very, very welcome. You have an illustrious resume. I have three pages worth of your qualifications in front of me. We do not have many people with your prior access inside the Kremlin speaking out on American media regarding the events occurring in Ukraine. So let's start at the beginning. Will you walk us through our millions of listeners and viewers across the country, your background before you came to the United States, your qualifications, you've studied in the UK and Austria at Stanford University. So may I ask you just to introduce yourself to our listeners? I'm going to buy my training and I spent most of my time at The Economist and studying economic policy inviting on economic policy. You mentioned some of the people whom I advise to. For almost a TSI was economic adviser to current Russian president. And that time Russia was able to have a pretty remarkable economic growth that double GDP of the country and GDP per CAPiTA was in ten years. It was a little economic miracle for the Russian economy. But it was everything in the past. Since 2008, after three years after my departure, a Russian economy went into stagnation and seeing them economic growth of Russia was not more than 1% per year on average. So instead of doubling GDP within ten years, it's a kind of 10% growth. So 7 to 8% per year country was growing about 1%. It wasn't 1% per year. Now definitely it's a crisis and the intentions of the Russian leadership and first of all of mister Putin right now is very opposite to what you have demonstrated in your initial slight when Putin was talking about a little bit about democracy, freedom or whatever. It's definitely wrong. It's Putin does not pursue this goals anymore. He's intentions are imperialistic. His intentions are conquering the neighboring country, establishing a new world

Jago Gadar Russian Prime Minister Viktor Andre Il Lardo Hilaria Russia Vladimir Putin America Sebastian Ukraine Stanford University Austria UK Mister Putin Putin
The Real Truth About Inflation

The Larry Elder Show

00:47 sec | 10 months ago

The Real Truth About Inflation

"The Jared Bernstein is one of his top economic advisers. And he argues that the $1 trillion $1.9 trillion that was dumped had nothing whatever to do with inflation. He's an economist, you're an economist, you're both respected. If he were here, you'd say what to win. Larry, he's not an economist. He doesn't have a economic sales to degree in social work. And I would tell him the exact same thing. I just told you inflation occurs when liquidity creation is faster than the growth rate, the economy is full of that. This has nothing to do with supply chain. In other words, the inflation of an entirely avoided, if not so much liquidity had been created and dumped into the marketplace. Just as simple as that.

Jared Bernstein Larry
Former Obama Advisor Critical of Biden Economic Policies

The Larry Elder Show

01:17 min | 11 months ago

Former Obama Advisor Critical of Biden Economic Policies

"Joe Biden's poll numbers continue to fall, and he's now being criticized widely on CNN and on places like NBC. Here's what a reporter said about his COVID response. There's a lot of concern among people who advise the Biden transition among former Obama administration officials, either allies of the president in this administration. But concern that the confusion and the messaging, the conflicting signals that are being sent are really hurting not only the president's credibility, but the CDC's credibility and that could make it even more difficult to fight this pandemic longer term. And this is a former Obama adviser named Larry summers, economists used to be the head of Harvard. Blasted the Biden's economic adviser who doesn't seem to think that inflation is going to last very long. When we talk with Brian, do you know him well from The White House this week? He said, well, really, this is the supply side problem. Once we get the supply chain fixed, it'll be all fixed. Is he right? No. He's wrong. We have a massive overheated labor market. We have the highest ratio of vacancies to unemployment in the country's history by a large margin.

Obama Administration Biden Joe Biden CNN NBC Larry Summers Confusion CDC Harvard Barack Obama Brian White House
 White House confident Biden's bill will pass House this week

AP News Radio

00:51 sec | 1 year ago

White House confident Biden's bill will pass House this week

"As president Biden prepares to sign the infrastructure bill his economic advisers hope all the white house's domestic policy package will quickly pass the house this week consumer prices have soared six point two percent over the last year and the director of the national economic council brandy signal it's prices may not fully return to a more normal level until next year he says the one point eight five trillion dollar package coming to a vote in the house this week will go a long way towards lowering costs for American families appearing on CNN and ABC Sunday talk shows D. said the measure includes provisions that will lower the cost of prescription drugs health care child and elder care and housing and help get Americans back to work house centrists have said they will vote for the package if an upcoming Congressional Budget Office analysis confirms White House estimates that the bill is fully paid for the bill faces even bigger challenges and evenly split Senate over cost with no votes to spare Jennifer king

President Biden National Economic Council White House CNN ABC D. Congressional Budget Office Senate Jennifer King
White House Details Plans to Improve Housing Affordability

AP News Radio

00:49 sec | 1 year ago

White House Details Plans to Improve Housing Affordability

"The binding ministration is laying out plans to address a sharp jump in housing prices over the past year simply put there are too few houses available to buy and those on the market are too expensive for millions of Americans leaving them priced out of ownership for spending much of their income on rent the White House is proposing several policy shifts to boost home affordability including plans to build and restore more than two million homes deliver one hundred thousand affordable housing units and boost financing options for apartment buildings still the president's top economic advisers warn the housing supply crunch could linger researchers at Freddie Mac estimate the U. S. is three point eight million home shy of what's needed to meet demand Sager mag ani Washington

White House Freddie Mac U. Sager Mag Ani Washington
Why Is the FDA Attacking a Safe, Effective Drug?

Dennis Prager Podcasts

01:56 min | 1 year ago

Why Is the FDA Attacking a Safe, Effective Drug?

"Kudos to the wall street journal for publishing this piece. See who wrote it. Women see david henderson and charles. Hooper david henderson is with the hoover institution at stanford senior health economist with president reagan's council of economic advisers and hooper. Charles hooper is president of objective insights. A firm that consults with pharmaceutical clients. Why is the fda attacking a safe effective drug. The subheading ivermectin is a promising cova treatment and prophylaxis but the agency is denigrating. So while they're telling you well you know what the vaccine really doesn't protect you that much you need to wear a mask can't be around. People are infected. And you'll probably need a booster shot and we don't know how it will handle the variant. In the meantime. I've been taking ivermectin for over a year as exactly described as a prophylaxis. I've been around people with covert. I did know social distancing. No mask wearing within my own home. I didn't get a sniffle earlier this year. The agency that the fda put out a special warnings that you should not quote you should not use ivermectin to treat or prevent cova. Nineteen i charge. The fda with killing tens of thousands of americans would that statement plus shattering the economy because of took ivermectin so fewer so many fewer would be hospitalized.

Hooper David Henderson Charles Hooper David Henderson Hoover Institution Council Of Economic Advisers President Reagan The Wall Street Journal FDA Hooper Stanford Charles
Sen. Ron Johnson Comments on Biden's High Spending Disaster

Mark Levin

01:23 min | 1 year ago

Sen. Ron Johnson Comments on Biden's High Spending Disaster

"Joe Biden said the other day at what they called a town hall meeting in one of his more coherent moments. That, uh, in effect, spending more money by spending more money, he will reduce inflation. Are you aware of any economic theory ever devised by mankind that holds that position, sir? No. And I know what his, uh, you know, economic advisor to Democratic President Lawrence Summers definitely would not agree with that, Martin. I'm wondering Facebook will pull that down sense of that bit of disinformation. We've got a president. That's a one man. This information gaffe machine himself, and, uh, it's amazing. He's actually going to Facebook, including with them, but take down other people's and disinformation. But here's what concerns me. Since he is the executive branch since years, the head of the Democrat Party, I don't think he's alone in believing this idiocy. I think when you look across the island, the United States Senate, you have a cabal of individuals who either agree with that or don't give a damn. They are prepared to spend trillions and trillions of dollars more. They think it's all free money. They think the they'll be able to do whatever they want to do no matter what. How do you deal with the How do you negotiate with people like this? You don't you have to. You have to resist them.

Joe Biden Lawrence Summers Facebook Martin Democrat Party Senate United States
"economic adviser" Discussed on 550 KFYI

550 KFYI

05:55 min | 1 year ago

"economic adviser" Discussed on 550 KFYI

"Us now is former Trump Economic advisor Stephen Moore. Let's start with some news of the day that the United States Deficit is going to hit around $3 trillion Now, we now we excuse me, the media and the the left seems to throw around Trillion like it's just no big deal. Can you break it down? Forcibly dumb it down for me what a $3 trillion deficit does do this country. I mean, this is everyone knows that a great country cannot borrow its way to prosperity, right? We're making just huge, huge mistakes. In terms of you know our fiscal responsibility in the country. Americans know it. We're Americans aren't stupid people. We understand that this is going to have extreme negative effects on our economy for decades and decades to come. You know, you and I aren't going to pay for all the stuff. That's the irony. Is to young people and their kids and their kids. Kids are going to pay an enormous tall for what we're doing right now. And you know, it's so shameful because the economy doesn't need all the stunning right now We're on the verge of one of the great recoveries of all time. Thanks to the vaccine, thanks to getting our businesses reopened and all we need right now, frankly, from government and get out of the way, stop spending so much money, I think the biggest risk the economy right now. Is our out of control of that. And I think most Americans, you know, get that they understand that a great nation. When I first came to Washington, the debt was a little over its Australian dollars. Now we're $30 Trillion, and I haven't been here that long. Yeah, right, 1985, and so that you know what 30 some years We've we've, you know, increased our debt. 30 fold. It's incredible. Stephen Moore is with us former Trump economic advisor who is instrumental in the 2017 tax cut, and that's why I want to talk to him about deficits because this is what I Have so much trouble with Mr Moore is that you have politicians basically trying to bribe people for votes with money with, you know, tax credits. How do you compel people that that actually is not a great strategy for the long term? People should. First of all, you know, we did this tax cut, and I was proud to be part of that which Trump and it was an extraordinary success. It was unbelievable. We got we fucked capital in from the rest of world. We had a record number of jobs in this country. It was even when I start proposed about just even worked better than I thought it would. And, you know, used to laugh and said we Yeah, we've seen anything yet. Now we got five new wants to reverse all those policies. I got to say, I don't understand the logic of that. You know, something is working. You stick with it. We have the lowest poverty rate in the history of the United States under under Trump the lowest property rate in our country's history. And how can you not say that? That's a successful Policy. I mean, so I get frustrated by this. He wants to raise attacks on American corporations. He wanted to tax the American, you know, energy industry. Why would we producing by the way you You see that the price of oil? It's $75 a barrel? It was less than $40 a barrel when Trump left office. We're just doing a lot of stupid things in Washington at the time. We just have to get the government out of the way. How about that? Front page story in The Wall Street Journal yesterday. The government under Biden wants to regulate and examine the affairs of every successful company in America. I mean, what are we, the Soviet Union now? It seems like we're going there and it seems like we're doing so in short order. Stephen Moore is joining us former Trump Economic Advisor. What? What is actually taking place? Because I think we need to as we the people sift through what we're being fed in the mainstream media. And it seems as if all of this Biden administration stuff has already taken place has already taken hold. Um, has much changed so far. Tax wise from the Trump administration to right now has anything taken hold and changed. The only piece of administration that Biden his task through Congress was the absurd $1.9 trillion spending bill that passed back. I think in March early March, and that was what he called their American Recovery Act, and we didn't need that because we had we had the recovery act, and that was called the Operation Warp speed vaccine, which allowed us to and by the way, there's a great story. This week in Bloomberg that the United States today at the best recovery of any country in the Empire World. Unbelievable. You know where our GDP is back up to where it was prior to the canned Emmick. Most people thought it would be 2023 or 24 before we got back to normal, So it's been an extraordinary experience, and it's got a tip your hats and the Great businesses in this country. The small businesses that maintain you know I don't know how they got through this, but they did. And now they're opening up, and we've got this idiotic program or paying people to stay unemployed with 9.3 million job openings. So you know the American economy is a rocket ship right now. I think the rest of the years can be solid because of the opening up of our businesses and getting people back to work. But I do worry about the impact of the You know the debt that we keep accumulating, you know, at $1.9 Trillion spending bill that I mentioned that's only the first of three. Biden once he wants no $2 trillion for infrastructure, and he wants another $2 trillion for what he calls human infrastructure with childcare. And you know, Medicaid and other programs like that. I don't know, since when is well as winter entitlement welfare programs, infrastructure, But you know, we can't We can't do that. We cannot allow that to happen. We've got to get serious about budget control and about fiscal responsibility. And you know if if we do this, if we do the Biden a agenda, the debt will go up over the next 10. Years by $20 Trillion on top of the 28 a half almost 29 almost 30 as you, said Stephen Moore, and this is why we're gonna talk more money than you guys make it all year. Right? Close. It's real close, but we're closing in on that number..

American Recovery Act Congress 9.3 million Stephen Moore Biden 2017 $3 trillion $1.9 trillion $1.9 Trillion 2023 Moore America 1985 $20 Trillion 24 March early March yesterday This week $2 trillion $30 Trillion
Equal Pay Day spurs debate over the wage gap between men and women

Richard Eeds

00:23 sec | 1 year ago

Equal Pay Day spurs debate over the wage gap between men and women

"Canal soon. White House economic advisors they're putting a spotlight on the gender wage gap in the U. S. Today is equal pay day a day that it's him is a symbolic representation of how far into this year, women must work work to catch up to what men made in the previous year. During an equal payday briefings. Cecilia Rouse called on Congress to pass legislation addressing the gender wage gap round, sited effects, all

White House Cecilia Rouse Congress
"economic adviser" Discussed on KIRO Radio 97.3 FM

KIRO Radio 97.3 FM

01:54 min | 1 year ago

"economic adviser" Discussed on KIRO Radio 97.3 FM

"Just some of the things brought up during a White House interview between President Biden and CBS is Norah O'Donnell, in which O'Donnell says the president believes Mr Trump should no longer receive intelligence briefings. Heard President Joe Biden say that the reason they are considering this is because of Trump's quote unquote. Erratic behavior. His words I I asked him, you know what's your worst fear about what may happen with some of this intelligence information, and the president said he didn't want to speculate. But he said, What if he slips and says something? The interview airs Sunday on face the Nation and as part of the CBS Super Bowl 55 pregame show. CBS News. White House correspondent Ed O'Keefe has the latest on the prospects of bipartisan passage of President Biden's economic relief package. Republicans have blasted the plan is too large and members of both parties they're hoping to strip out the $15 minimum wage hike. Even Democrat Larry Summers, former top economic adviser to President Obama, Said the plan might overheat the economy and spark inflation. Military is helping get more Americans Vaccinated against Cove in 19 Cdss Stacy, where President Biden is called for setting up 100, mass vaccination centers across the country within a month, and the military will assist the Pentagon will deploy more than 1100 troops to five vaccination centers. Department of Defense spokesman John Kirby. A team of 222 personal will support each one of these mega sites. One of the five new military teams will go to a vaccination center opening in California. Other centers are ex Acted to be announced soon. Stacey Lynn CBS NEWS Capitol Hill Bond is set at $3 million for the former Columbus, Ohio police officer charged with murder in the shooting death of Andre Hill, who's unarmed. Ex officer Adam Coy, who was white, is accused of killing Hill, who was black Hill family lawyer, Michael Right. We are happy with the bond that the judge set We believe that it's appropriate..

President Biden president CBS Mr Trump President Obama Norah O'Donnell White House Andre Hill White House correspondent Larry Summers officer black Hill Ed O'Keefe economic adviser Stacey Lynn John Kirby Department of Defense
"economic adviser" Discussed on 860AM The Answer

860AM The Answer

02:37 min | 1 year ago

"economic adviser" Discussed on 860AM The Answer

"To get the factory Apple claims to be 100% renewable. We never stopped thinking about what's best for the planet, we know run Apple on 100% renewable energy. These worldwide and they did chopped down a forest to put up solar panels near their North Carolina plan. But they didn't disconnect from the grid and they can't Duke says energy hungry companies like Apple can never go entirely off the bridge. They're still hooked up to our grid. Despite all the claims, I haven't found a single entity anywhere in the world that's running on 100% solar and wind alone. We need demonstration projects as John Kerry and mayor pizzas. OK, if you lose your job, you get another job in the solar panel. Where were you renewables industry? I will say it was disconcerting to see yesterday, the first day of the Biden administration. Straight out of the gate. President Biden announced that he was canceling the Keystone Pipeline. That is a major infrastructure project. That is a project that right now today. Has 1200. Good paying union jobs. And in 2021, the Keystone Pipeline. Was scheduled to have more than 11,000 jobs, including 8000 union jobs. Contracts worth $1.6 billion. With the stroke of a pen. President Biden has told those 11,000 workers those union workers, your jobs are gone. Stability to judge What do you say to those workers whose jobs have just been eliminated by presidential edict? I think the most important thing is to make sure that we make good on the promise of the president's climate vision as being one that on net Creates far more jobs, Millions. We hope I know that won't just happen. We'll have to do a lot of work to make sure that's real. But getting this right means ensuring that there are more good paying union jobs for all Americans delivered through that infrastructure vision. So for those workers, the answer is somebody else will get a job. The answer is that we are very eager to see those workers continue to be employed in good thing union jobs, even if they might be different ones. Well, I fear that decision. Is the front end of a whole syriza of regulatory decisions, one after the other after the other that will be eliminating union jobs that will be eliminating manufacturing jobs that will be eliminating. Energy jobs. And that Is altogether out of step with what the American people we come back. Biden economic adviser.

President Biden Apple Keystone Pipeline Biden administration president North Carolina John Kerry Duke economic adviser Millions
"economic adviser" Discussed on KQED Radio

KQED Radio

05:23 min | 1 year ago

"economic adviser" Discussed on KQED Radio

"Response or whether or not he wants to follow the bipartisanship that he has been calling for. It seems basically that he will have to choose one or the other or will say that as much as it is possible for Democrats to pass a covert relief package on their own. It's with a process of re walking process called budget reconciliation. It would require all of the Democrats to be on the same page. So there's a risk there, too, in that. Not all Democrats may agree that you know that this package should be quite so large or that it should include all of the elements. So there are risks in both directions, provided that's a good point. Democrats like Joe Manchin of West Virginia are always kind of wild cards and among the Republicans we heard from one of the 10 on Fox News Sunday yesterday, Louisiana Senator Bill Cassidy had this to say about their plan. We're very targeted were targeted to the needs of the American people treating our tax dollars as if they're our tax dollars, not just money to spend and putting it where we need to come out of the pandemic. Just to fill in some details. Republicans want $1000 direct checks, in contrast to the $1400 that Joe Biden wants. They also want tighter income caps for people to qualify for those checks. Kelsey, What else can you tell us about that? So we know that they their plan calls for $220 billion for this new round of direct payments, so that $1000 that you mentioned would be sent to individuals making under $40,000 a year and there would also be $500 for each dependent. Adults and Children included and individuals making over $50,000 under this plan, and couples making over $100,000 would be in eligible for direct payment, so that is a significant change. From Democrats who have a much more generous opera end for how much even well for how many people would be allowed to receive it. Another difference is that Biden and Republicans are are not on the same page about how long unemployment benefits should last or how generous they ought to be. So if you're wondering, sort of, you know what's the appetite for compromise here? Well, here's what Joe Biden's economic adviser, Brian Deese, said on CNN yesterday were certainly open to input from anywhere where we can find a constructive idea to make this package is effective as possible. The president is uncompromising when it comes to the speed that we need to act at to address this crisis. So, Kelsey, could you play interpreter for us here? What does that sound like to you? Does that sound like compromising the air? It sounds like an effort at compromise, though I will say the compromise is a little bit more difficult than that in this particular situation, in part because the Gulf between as you said the gulf between like $600 billion And $1.9 Trillion is truly enormous. It did put some of that, in for two prospective Congress has already been flooding money into relief. We've already seen the largest relief packages In American history, and this is adding to that Republicans air running out of appetite for that one of the things that I hear very often when I talk to Republican senators and staff is that they feel like they need to see the bill that passed in December. Get to work. They want to see the money go out the door, and they want to see whether or not these vaccines will speed up the economy. They feel that there's a possibility that the economic recovery could happen without further intervention from Congress. And Democrats simply disagree with that. They say that they need at least six additional months of unemployment benefits to make sure that people who needed have long runway to get back on their feet. And you know that is a big difference. I mean, Republicans are saying that it should be $300 in federal unemployment benefits per week through the end of June. Democrats want $400 per week through the end of September, and that could be a major major difference not just in how much the bill cost but how it impacts people's lives. Yeah, There is a big gulf is you say here, Calcio. The one thing that stands out to me is that if you added this roughly $600 billion proposal of Democrats are receiving now from their GOP counterparts to the 900 billion that we saw at the end of the year. It would roughly add up to the $1.5 Trillion playing that we saw from the problem solvers caucus. That was the group of bipartisan lawmakers, so we'll see if that is enough to get a deal done. L see Snow is our congressional correspondent for NPR. Kelsey. Thanks as always. Thanks for having me. Well. Meanwhile, there are ongoing challenges with the rollout of the vaccine, Elmwood Nursing and Rehabilitation Center in Providence, Rhode Island, is the type of place you might expect people to be lining up for their shots. The infection rate in the nursing home ZIP code is more than 200 times the statewide average But only a quarter of Elmwood staff has taken the shot. Lin Rd t from the public's radio in Rhode Island has more Pharmacist has just thought a new vial of the covert 19 vaccine when she realizes she has run out of people to vaccinate the fires are buying tech vile, has four doses left over. If the dose is air not used within six hours, they will expire. So on a recent afternoon in Elmwood, the nursing home's administrator, puts out a call over the intercom. Attention staff. Anyone who has not received the vaccine. What is interested, maybe change your mind. Since this morning, you can come down to the dining room soon as possible. Once again, anyone who would still like to get the covert vaccine. Please make your way to the dining room at this time. Thank you. No one did. The leftover vaccine was sent back to Walgreens for other frontline workers. Covert 19 vaccine has been a tough sell it Elmwood Ivan.

Joe Biden Kelsey Congress Rhode Island Gulf Elmwood Nursing and Rehabilita Elmwood Ivan Elmwood Joe Manchin Senator Bill Cassidy Walgreens Calcio Brian Deese NPR West Virginia CNN president GOP economic adviser
"economic adviser" Discussed on KTRH

KTRH

01:31 min | 2 years ago

"economic adviser" Discussed on KTRH

"Be able to move over to some of the other infrastructure and would make a safer way of transporting it would help build our markets of President Biden's executive actions will establish climate change is a national security priority. This means conserving at least 30% of federal land and oceans by 2030 and canceling new oil and gas leases on public lands and waters. President's critics say that these moves threatened thousands of jobs and an already uncertain coronavirus. Unemployment surge. Republican senators want to meet with President Biden to discuss the coronavirus relief. They sent a letter to the president, saying that they have come up with a framework for a bill. GOP senators, including Susan Collins of Maine, and Mitt Romney of Utah, also claimed their proposal contains more targeted assistance. Then what the Biden administration is pushing. Biden wants Congress to pass in nearly $2 trillion bill, But a top White House economic adviser said today that they remain open to ideas on coronavirus relief. Ktrh News Time is 403 health officials are keeping a close eye on the arrival of covert variants here in the United States, Speaking today on Fox is news Sunday. Dr. Tom Ingles, big director of the Center for Health Security of the Johns Hopkins Bloomberg School of Public Health, gives his take on the Johnson and Johnson covert vaccine candidate. I think this is an amazing development to have a third.

President Biden President Johns Hopkins Bloomberg School Mitt Romney Dr. Tom Ingles Center for Health Security Johnson GOP United States Susan Collins executive economic adviser Congress Maine Utah Fox White House director
"economic adviser" Discussed on KIRO Radio 97.3 FM

KIRO Radio 97.3 FM

02:15 min | 2 years ago

"economic adviser" Discussed on KIRO Radio 97.3 FM

"Against the shore, we're going to see flooding could be some substantial coastal flooding, maybe as much as 23 or even 4. Ft. Of coastal flooding. In a letter sent today, a group of Senate Republicans are calling on President Biden to meet them at the negotiating table over his coronavirus aid package. Brian Dese, the top White House economic adviser on CNN, We welcome the import to say where we may have not gotten everything right where we could be more effective. Certainly that's part of the process as we go forward. What we really need to focus on now is what do we need to get this economy back on track? So what is it that Republicans are asking for Senator Rob Portman on CNN with regard to the direct payments? We think they should be much more targeted $50,000 cap for individuals as an example. 100,000 for a family. And right now, If people get the administration's plan, you could have a family with three kids. So making almost 300,000 bucks a year getting a check. Former FDA commissioner Dr Scott Gottlieb says the new Johnson and Johnson and coronavirus vaccine could still prove to be just as effective as the Fizer and Madonna ones in protecting against new variants that have been found change. A vaccine is a one dose vaccine. They have a study under way looking at two doses. So it may well be the case that if you get two doses of that change a vaccine, which may eventually be how we end up using it, it'll be just as protective as the other vaccines. He was on face the nation more from correspondent Manuel Bohorquez. There are also questions about how the vaccines will stand up to new strains. Johnson and Johnson, which is said to ask for emergency authorization of its one dose vaccine this week noted that its efficacy dropped from 72% in the U. S to 57% in South Africa, where the mutant strain is driving new cases. This is a wake up call to all of us, we will continue to see the evolution Communion. Congressman Stephen Lynch, a Democrat of Massachusetts, says he has tested positive for covert 19 the scary part. It comes after he got this second dose of the Fizer vaccine. Earlier this month. This is CBS News. If you need to hire you need indeed, indeed immediately delivers quality candidates from our resume database when you upgrade your job post.

Johnson CNN Senator Rob Portman Congressman Stephen Lynch Brian Dese Senate CBS Dr Scott Gottlieb economic adviser Biden FDA White House Manuel Bohorquez President Massachusetts commissioner South Africa
"economic adviser" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:35 min | 2 years ago

"economic adviser" Discussed on Bloomberg Radio New York

"You know what he what? He was thinking in terms of regulatory and I'll say that we did just here minutes ago in the White House press briefing room. The Biden team is quote monitoring the situation when it comes to game stop, right. Exactly. I saw that coming in, right, right. It's reached. I tweeted. This has reached the White House press briefing room. It has. Yeah. I mean, Dave on. I know where says we're talking about the Fed, but I do feel like in terms of the equity markets. I mean, this is what people are watching because it's not just one or two. It feels like it's picking up a lot more momentum and spreading out to a lot more names here. Oh, absolutely. There's no question about that mean you can just go to a list if you can pull it together. Of companies, saying the Russell 3000 index a pretty broad gauge of US stocks that had the biggest short positions relative to their float. In other words, the most shares barred and sold. Relative to the number available for trading. And you just look at them from a cross. They're bored. They're higher. Got it. Got it Hit Kathleen say 40 seconds for you here already are live blogging on the Fed meeting today and the upcoming Fed press conference. Democratic lawmakers will no doubt site The feds do language about the weakening of the gallery in pushing for the full one. Certainly, as I said, I think that this is definitely going to enter into conversations around this need for Money. The Gemma Democrats are already some of them acknowledging that maybe it shouldn't be sending $1400 checks to everybody. Maybe this could be more target. I want a cookie throw on something in the last two days. In China, PBOC said. They're not going to remove stimulus prematurely, but they also G gone, the head of PBOC says, But we're watching debt risk closely. A former economic adviser to the PBOC these words that warns of equity bubbles, asset bubbles. I should say he had a huge selloff in stocks a big jump in bond yields overnight repo rate jump. Bond markets around the world are very nervous about this whole question of Central bank tapering. Yep, I think Gamestop is amazing Story Today. I've been on watching all and listening to all this coverage at the same time. I think when you step back for some of these big market moves, right. This is something that the Fed reassured the markets on today. Let's see what Jay Powell says in about what An hour. All right, God direction. Yeah, just about 20 minutes. Alright, lets guys thank you so much. Kathleen Day. Thank you so much. Let's get to world the national news and let's check in with Nancy Lions in our D C studio. Hey, Nance. Thanks. Carol. President Biden says the world is facing a climate crisis. So he's outlining his plans for addressing the problem. We can't.

Fed White House Biden PBOC Kathleen Day Gemma Democrats Jay Powell Gamestop Nance Dave US economic adviser Carol President Nancy Lions China
"economic adviser" Discussed on WSB-AM

WSB-AM

01:32 min | 2 years ago

"economic adviser" Discussed on WSB-AM

"The first woman to ever chair the Fed. She previously served as a top economic adviser to then President Bill Clinton. WSB news times. 6 41 19 minutes till the hour ws meteorologist Kirk Mel is with us Live this morning updating watches and mornings and room. What's left of the table from this big letter system today. All right, Scott, the last severe thunderstorm warning until seven o'clock this morning. In effect for Henry and Spaulding counties that line in storm stretching from around social circles south towards Jackson and to the east and south of Griffin. Now reign has come to an end in the Western suburbs and most of the northwest part of the metro area as well. That trend will continue between now and nine o'clock this morning. Followed by decreasing cloudiness this afternoon on seasonably warm 68 to 71 lows tonight 49 to 52 Tomorrow. Rain showers 80% likely high 59 On Thursday sunshine returns and sodas much colder air. Hi only around 49 low around 27. Recapping our forecast for today. Rounders seven on the Polish meter areas of rain and storms ending between now and nine o'clock or so this morning, followed by decreasing clouds. Afternoon high 68 to 71 right now on 63 on Peachtree Street. I'm meteorologist Crack knowledge. 95.5 WSB second in the morning Drive again. It's 6 42. Here's Mark McKay moving on at Southside Profitable. Oh, Hartsfield Jackson Airport Gridlock alert Just one left lane getting by a crash cleanup in the airport tunnel to me by the East..

Hartsfield Jackson Airport WSB President Bill Clinton Mark McKay economic adviser Fed Kirk Mel Spaulding Jackson Scott Griffin Henry
"economic adviser" Discussed on KCRW

KCRW

06:00 min | 2 years ago

"economic adviser" Discussed on KCRW

"Thistles. Weekend edition from NPR News. I'm Lulu Garcia Navarro. Thank you so much for joining us this morning. President Biden is beginning his first full week in office. He's been on calls with world leaders Canada and Mexico Friday. The UK yesterday and he's expected to sign more executive actions over the course of this week. And of course, his team is reaching out to Congress, where the fate of his massive economic relief package will be decided. So let's turn to white to the white. Excuse me. So let's turn now to NPR's Ayesha Rascoe, who is at our microphone at the White House. Hello, Aisha. Hello. So many of the orders Biden has been signing are part of a plan he laid out for his 1st 10 days. What are we expecting this week and have there been any significant sort of deviations from the priorities we heard about? Not really. Biden's chief of staff, Ron claim had laid out this plan for the 1st 10 days. They've generally been sticking with it this week. It's supposed to be focused a lot on equity. This is something that Biden has talked a lot about helping communities of color and underserved communities There are supposed to be some actions also focused on reforming the criminal justice system and climate change. And also expanding access to health care for low income women and women of color. All right, so things that we've heard about before. But of course, there's this big question, right? How much he'll have to rely on Congress to enact his agenda or how much he's gonna have to lean on executive orders? What have you found out? So the minister, the administration says they are reaching out to Congress, and they maintain that they really want bipartisan support for that. $1.9 trillion covert a package. Brian Deese, Biden's top economic adviser, is supposed to be holding a call today with senators about this plan of that call will reportedly include moderate Democrat Joe Manchin and moderate Republicans like Mitt Romney and Susan Collins, D said that his message on that call would be that Congress must take decisive action or the U. S will end up in an even bigger economic crisis. But some of these moderate lawmakers have really been questioning the need for another package since Congress already passed the $900 billion package late last year on the other thing that's happening right now, of course, is he's trying to get his people in place. It's often said that personnel is policy. What's happening with Biden's that appointees? Well, you know what stood about stood out about Biden's appointees, the ones that don't need confirmation. Is that they are all out there in and talking to the public. Um, you know, and making the case. Most of these are very experienced government hands. So you have people like Brian D. So I mentioned by those top economic adviser also Jeff Zions, who's leaving the Coronavirus Response team, and they're taking leading roles and explaining what the administration plans to do. That's that's really a sharp change from the prior administration. Were former president Trump really was his spokesperson on every issue. Certainly Biden is delivering remarks every day. But his appointees air really delving into the details of how this administration plans to operate and those of the people that he hasn't placed whatever. What about the people that he's trying to get in place? I mean, those have to go through the Senate? How is that process going and what's the latest on? You know, the power sharing negotiations between Senate Democrats and Republicans will be Sochi. So so to abidance Cabinet cabinet nominees have been confirmed so far. Defense Secretary Lloyd Austin and National Intelligence Director Averil Haynes on a Zafar is the power sharing negotiations for the Senate of their hung up right now over debates about the filibuster. Senate Minority Leader Mitch McConnell wants Democrats to take the option of getting rid of the filibuster off the table. But Senate Majority Leader Chuck Schumer has said that's unset. Unacceptable. NPR White House correspondent Aisha Roscoe Thank you so much. Thank you. So we're going to turn now to the other big story coming up this week, and that is the impending impeachment trial in the Senate of the former president. Trump House Speaker Nancy Pelosi has named nine House members to present the case for impeachment to the Senate. When former President Trump's trial starts in two weeks. Texas Congressman Joaquin Castro is one of them and he joins us now. Good morning. Morning. Great to be with you. So the article you presenting makes specific reference right to Trump's January 6 speech that preceded the sacking of the capital on but also talks about Trump's discussion with Georgia Secretary of State Brad Rapids Burger to change that states results. What is not mentioned is anything like this weekend's New York Times reporting. It alleges Trump tried to get the Department of Justice to push the lie about election fraud or the Wall Street Journal story about him trying to get the Supreme Court to intervene s O will the case you'll be presenting be too narrow. No. I think what you see is that for months and then very intensely for weeks, Donald Trump tried to overturn the results of the election. He tried to pressure elected officials and in the last few weeks Of his term. He was calling on his supporters telling them that the election has been stolen from him and from them And as you could imagine, these are people that strongly support former President Trump. And the idea that election was stolen from them. Obviously excited, very harsh feelings and the morning of January 6, he asked those folks who were so amped up to march down to the Capitol. And you see, the final result was that there's a deadly insurrection where five American lives were lost. And even if all of that was going on president Trump knowing that there was an insurrection right at the Capitol. Refused to take action for a long time that day, and so we're going to present all the evidence we're trying to get. We're trying to convince 100 senators, Republicans and Democrats that they should hold Donald Trump accountable and convict him in the Senate..

President Biden President Trump Senate Congress president NPR NPR News Aisha Roscoe economic adviser Republicans executive Lulu Garcia Navarro White House UK Canada Congressman Joaquin Castro abidance Cabinet
"economic adviser" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:05 min | 2 years ago

"economic adviser" Discussed on Bloomberg Radio New York

"Right. Well, what have we got Doug? Because they're expecting perhaps a little bit of diffidence, and the market gets going in that this part of the world, you know, off the back of another record day there in New York? Yeah, For most of the market, I guess you look at the S and P 500, the NASDAQ comp extending record gains. But the Dow was showing a little bit of weakness today, and we had a drop in small cap stocks with Russell 2000. Giving back about 9/10 of 1% today, the standout performers tech leading the gains, particularly hardware and semiconductor issues. If you look at the Philadelphia Semiconductor Index, it was up 1.5% today We're gonna be talking a lot about the chip makers in the program, including Intel, Interestingly, releasing earnings a few minutes ahead of schedule. And it gave the stock a chance to trade during the regular session on this earnings news. We saw a 6% pop in the regular session and then after hours shares her down by more than 1%, we'll be talking more about Intel momentarily. So we had the S and P, technically extending a record with a gain of 1/10 of 1%. NASDAQ Com today higher by about 6/10 of 1% another day of dollar weakness, and that could be a little bit of supportive behavior for stocks in Asia, with Bloomberg's dollars spot Index today down about 2/10 of 1% and indeed, if you look at what's happening in New Zealand ends it X 50 rish. Up by more than 1.6%. If you actually charted the duck, you see That ever since you mentioned New Zealand the top of the hour, the market is going straight down from the highest anyway. That's so that's what you've done to it anyway. That Zoe things on have a look it the top economic adviser of President Biden as he plans to meet with a bipartisan group of lawmakers in coming days. He's Brian decent, he'll appeal for the administration's $1.9 trillion curve in 19 relief plan. The timing off. That meeting is yet to be finalized, but he's already being met with Republican resistance as an example, GOP lawmakers dismissing the argument by Treasury Secretary nominee Janet Yellen, who suggested historically low interest rates mean major deficit spending isn't a problem right now. Even moderate GOP senators like Mitt Romney and Lisa Murkowski expressed skepticism about the need for another giant package so soon. A $900 billion spending bill was enacted last month. Biden's team is hoping lawmakers from both parties can come together on a plan in less than two months, and that's before extra unemployment on approved on aid approved under the last package runs out. I mentioned Intel a moment ago, the company giving an upbeat forecast for the current quarter. Consumer spending has been fueled by that stay at home scenario. We've been talking a lot about PC sales for computer chips. Really. You picked up Ah lot of ground, but there are challenges. In the days ahead, and we have more from Bloomberg's at Ludlow. Intel sees revenue of around $17.5 billion for the period ending in March above expectations, and it's a case of the Intel inside sticker leading the way the company's he's worked from home demand for PCs continuing in the first half of 2021. It was an appearance from incoming CEO Pack Girl singer on the cool who replaces Bob Swan on February. 15th Girl Singer said Intel would eventually outsource some chip production, a question that investors have been pondering for months. A longer term concern, though, is enterprise customers. Sales to corporate customers have been much more quiet in the data centers, business volumes and average selling price is also declined in San Francisco, Ed Ludlow Bloomberg Daybreak Asia. U. S President Joe Biden is signed more executive orders today dealing with the fight against curve it 19 as Ed Baxter Knight explains from San Francisco. All right, thank you, Rhys share. They deal with getting states money to facilitate getting it in arms and then different ways to distribute it. Our national strategies comprehensive It's based on science, not politics. It's based on truth, not denial and his detail. And he says 100 million in the 1st 100 days is realistic. He also says wearing masks for the 1st 100 days. If we do, this is Americans, the experts say, by wearing a mask From now until April. We've saved more than 50,000 lives, and Dr Anthony Fauci is back front and center, saying that yeah, that program is doable and says things will speed up coming in with fresh ideas, but also some ideas that were not bad ideas. With with with the previous administration. You can't say it was absolutely not usable it all so we are continuing, But you're going to see a real ramping up that he also says the vaccine so far will be effective against the very ends. He also says We're still in a very dark place. On a personal offer him, he says he feels liberated to be on this team. One of the new things and this administration's if you don't have the answer, don't guess. Just say you don't know the answer to tell the truth. Wow. Dr Fauci says he did have what he characterizes his mild side effects after his second vaccine does, he says it knocked him out for 24 hours. South Korea sign in. Science Ministry says new midsize satellite has targeted traveling now because it's don for a launch as it seeks to develop its own homegrown space technology. South Korea Low orbit Observation, They say Senate Majority Minority Leader Mitch McConnell boy that's hard to change. Senate Minority Leader Mitch McConnell has told GOP colleagues that he wants to delay the trump impeachment trial until February so that the former president may prepare a defense. House Speaker Nancy Pelosi won't be pinned down on a timeline. But she says Soon he called upon lawlessness. Showed a path To the capital. And the lawlessness took place, and Senate Majority Leader Chuck Schumer says it will be done. Leader McConnell.

Intel Joe Biden GOP president Bloomberg Mitch McConnell Dr Anthony Fauci New Zealand Philadelphia Semiconductor Ind Senate San Francisco South Korea New York Doug Russell Zoe
"economic adviser" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:31 min | 2 years ago

"economic adviser" Discussed on Bloomberg Radio New York

"The Bloomberg Business. Hap and Bloomberg radio dot com. This his Bloomberg Daybreak Asia Man It's 10:30 A.m. Monday morning in Hong Kong. 1 30 Monday afternoon here in Sydney. Find Paul Evans and I'm Doug prisoner at the Bloomberg Interactive Brokers Studio in New York. Our colleague Brian Curtis, is off for the week. We've got trading under way now in Tokyo, Sydney and soul as well as Hong Kong and on the Chinese mainland kind of a mixed picture. At this point in time, we had the data dump for China a short while ago. GDP in Q four coming in above forecast the other data points kind of mixed. We'll take a closer look momentarily right now I want to get you caught up on a few of the others. Top business stories, Paul Top economic adviser to President elect Biden is calling for swift action to address the pandemic. Brian D's will serve as director of the National Economic Council. And he told Fox News Sunday. The U. S economy is currently spiraling downward. We lost jobs last month for the first time since the spring last week, nearly a million Americans filed for unemployment insurance, which is higher than any week during the great recession. And last week, 30 Million Americans reported that they didn't have enough food to eat. So we've got acute economic crisis in human crisis and we need decisive action. What do you say the Biden administration's $1.9 trillion spending plan would help generate robust recovery. Biden's proposal includes the following her more direct payments, the households and expansion of jobless benefits, more money for state and local governments. And an expansion of vaccinations and virus testing programs. Biden will need at least 10 Republican senators to successfully push through stimulus that the rapid pace that he wants to see Well, we have former Fed chair Janet Yellen is confirmation hearing coming up this week. She's been nominated, of course, is U S Treasury secretary and she will go before the Senate Finance Committee on Tuesday, and you can be assured exchange rates are on the agenda We have more from Bloomberg's Anna Palmer. If she's asked about the new administration's policy toward the dollar, officials assisting in testimony prep tell The Wall Street Journal. Yellen will say the dollar's value should be determined by the markets that would represent a return to the U. S. Is hands off approach to the dollar. President Trump had often called for a lower dollar to get a competitive advantage. Yellen is also expected to say the intentional targeting of exchange rates to gain an unfair advantage in trade is unacceptable by the U. S or other countries. Susanna Palmer Bloomberg Daybreak Asia Former vice chairman of Goldman Sachs and advisor to five U. S presidents expects the Paris on China to remain Robert Hormats joined the Bloomberg or what goes up podcast to discuss the future of U. S. China relations. Moments thinks Biden will not revert back to the soft a period of the past with China and they're going to take a hard line. Don't expect an immediate withdrawal of some of the tariffs on. I don't expect another grand round of trade negotiations of so called round two. I think you will try to get China to comply with commitments of round one. Home. It's also said Biden will face China's challenge and ambition to be a global leader in technology. Despite the competition, he said, there's potential for collaboration between the two economic powers, especially in climate change and the financial area. We're coming up on 34 past here. Let's get you caught up on non market action. We were talking about the Chinese Day to the list of numbers that we were sorting through short while ago in terms of 1/4 quarter GDP and annual expansion rate of 6.5%, which was above forecast industrial output also topping estimates with a gain year over year of 7.4%, however, Retail sales a tad disappointing increasing year over year in the month of December by 4.6%. But the market was looking for 5.5%. And then when it comes to fixed asset investment, Ah, game from January through December of 2.9%. That's also year over year but the estimate was looking for something in the vicinity of about 3.2%. All in all, we've got higher equity's not only for the mainland, but in Hong Kong as well. With the hang sang now up about 4/10 of 1% Shanghai composite is better by just about 2/10 of 1%. We had that much weaker offshore Chinese currency going into the Asia session that was largely the result of a rally in the dollar in the New York session on Friday, the offshore Chinese you want now slightly stronger, not by much at six spot 48 20 against the greenback right now and sold the Kospi down nearly 1% and in Sydney, the Aztecs 200 weaker by about 9/10 of 1%. Similar decline in Tokyo for the Nikkei I'll Also about 8/10 of 1%. Will have later in the week. The Bank of Japan wrapping up its two day policy meeting off former BOJ executive director telling US Bloomberg News that the BOJ is likely to signal a pause in its buying of exchange traded funds. Here's the caveat as long as the equity market remains buoyant. The Nikkei, as I mentioned is showing some weakness today down about 8/10 of 1% No trading in the U. S on Monday in observance of the Martin Luther King Jr Day and as a result of that holiday, no trading in US sovereign debt in the Tokyo session. The 10 year was last quoted in the yield of 1.8% Paul The spread of covert and Japan is causing some political headaches for Prime Minister Yoshihide Asuka. If Baxter's got global news. Yeah, maybe more than a headache. You're right. Paul could be his job money she pull Shows the Cabinet losing seven points to 33% approval, and Bloomberg's Caza Murray talking to saying they are. There are calls for a new LDP leader after a little over, Ah, week yourself since the declaration of emergency was declared the impact, at least in kicking. When you look at the numbers of the daily virus numbers, it really hasn't come down. So there's a lot of doubt that it was not just too late, but also also too little. He says The party will be hard pressed to stay with him, but it may not be imminent because opposition The support is very low. South Korea's president Moon Jae Hannah is says the country may reach herd immunity by November at the latest. The Moon says he will work to invite China's President Xi Jinping to visit. He also says he sees a turning point for a new inter Korean US North Korea talks. He says his in U. S intelligence are analyzing North's weapons. Hong Kong government. Reacting to outgoing U S. State Department secretary Mike Pompeo is talk of further sanctions. The government is expressed what it calls utmost anger toward the U. S decision to sanction you six officials from the region and from China They call the move insane, shameless and despicable, saying the U. S. Is attempting to intervene in internal affairs. Health workers and India have kicked off over the weekend, one of the largest inoculation drives in the world and estimated 167 165,714 people. Receive vaccines on the first day. US. Incoming CDC director Dr Rochelle Walensky says the Biden promise of 100 million vaccinations in 100 days is definitely doable. She warns. The variance out there, though, are going to make some very, very dark days in the interim, But what increased transmissibility means is there are more cases and therefore more deaths. They're certainly further studies that are looking at the South Africa strain at the Brazil strain at other strains in Nigeria and the UK Foreign Secretary Dominic Raab is considering possible travel, isolation centers and GPS tracking. Meanwhile, he says, vaccinations are getting into arms hope by the any spring we could get into a better place we can Lift some restrictions. It'll have to be done gradually on the country and get back to North and Singapore will require all inbound travelers to take a covert test upon arrival in the city state from January 25 a total of 21 days for citizens and permanent residents overall in San Francisco. I'm Ed Baxter, This is Bloomberg. Right, Doug. I know you've been speaking and I just wanted to draw your attention to the I b this internal chat function that we have. Are you reading this? The AP News. Aler Ah yeah. Isn't this stunning? Yeah. Defense officials tell AP they fear possible inside attack, An inauguration.

Bloomberg Biden China Hong Kong US Bloomberg Business Janet Yellen Bloomberg Interactive Brokers Sydney Susanna Palmer Bloomberg Tokyo New York Biden administration Ed Baxter Doug US Bloomberg President director Brian Curtis
"economic adviser" Discussed on WMAL 630AM

WMAL 630AM

02:01 min | 2 years ago

"economic adviser" Discussed on WMAL 630AM

"Bracing for chaos. I'm Steve Rapoport. Fox News. Thousands of National Guard troops U. S marshals and police officers called up to protect the nation's capital ahead of expected protests before President elect Biden's inauguration. You still have people out on the street. He have tourists walking around you do have some restaurants are open. In fact, people are coming up here to the fencing to get a look at the Capitol and take a picture. But what is omnipresent all over D. C is all of the fencing you've got. The National Guard will The rifles at the ready the National Guard vehicles. One thing is very clear that D C is locked down now. DC's mayor merrier. Power went on meet, the president said, while the capital in symbolic structures have been transformed into hard targets. He's very concerned about other state capitals and the rest of D. C, where some 700,000 people live. Mayor Bowser believes if the threat will materialize, it'll be domestic Fox is Mike Tobin. Security also increased that state Capitol buildings across the country. The incoming top economic adviser for the Biden administration, is defending additional elements of a nearly $2 trillion covert relief package. Brian D's will head President elect Biden's National Economic Council on Fox News Sunday. He said within the relief plan, bolstering cyber security is important because of significant vulnerabilities that exact exacerbated by Cove. It And the fact that so much federal operations air happening online, he says. The $15 minimum wage is also critical. Help support those workers who are out there on the front lines. Right now, Ji says he feels these need that include transit upgrades can win enough GOP support to avoid a Senate filibuster. Fox is Colonel Scott. Phil Specter, the legendary music producer turned killer, has died. California State prison officials say the 81 year old died Saturday of natural causes at a hospital. Specter, who revolutionized rock and roll with his wall of sound method was convicted of murdering an actress in 2003. America is listening to Fox News. W when they all news at 602. I'm Steve Coming..

Biden Fox News National Guard President Fox Steve Rapoport Phil Specter Biden administration Mayor Bowser Steve Coming economic adviser National Economic Council Brian D D. C DC California America GOP Power
"economic adviser" Discussed on KDWN 720AM

KDWN 720AM

01:30 min | 2 years ago

"economic adviser" Discussed on KDWN 720AM

"You get a look at the Capitol and take a picture. But what is omnipresent all over D. C is all of the fencing. You got the national guard with rifles at the ready the National Guard vehicles. One thing is very clear that D C is locked down now. DC's mayor merrier. Power went on meet the press and said, while the capital in symbolic structures have been transformed into hard targets, she's very concerned about other state capitals and the rest of D C, where some 700,000 people live. Mayor Bowser believes if the threat will materialize. It'll be domestic Fox is Mike Tobin. Security also increased that state Capitol buildings across the country. The incoming top economic adviser for the Biden administration, is defending additional elements of a nearly $2 trillion covert relief package. Brian D's will head President elect Biden's National Economic Council on Fox News Sunday, he said within the relief plan, bolstering cyber security is important because of significant vulnerabilities that exact exacerbated by Cove. It and the fact that so much federal operation They're happening online. He says. The $15 minimum wage is also critical. Help support those workers who are out there on the front lines. Right now, he says he feels these needs that include transit upgrades can win enough GOP support to avoid a Senate filibuster. Fox is Colonel Scott Phil Specter, the legendary music producer turned killer has died. California state prison officials say the 81 year old died Saturday of natural causes at a hospital. Specter, who revolutionized rock and roll with his wall of sound method was convicted of murdering an actress in 2003. America.

Biden Colonel Scott Phil Specter Fox Mayor Bowser National Guard Biden administration economic adviser D. C National Economic Council California DC Brian D GOP Mike Tobin Power America Senate President producer