35 Burst results for "Seven Hundred Billion Dollars"
Tech Shares Tumble, NASDAQ Plunges to Finish at Session Lows
"We are all over. The pharaohs action shares a roadblocks and simon property group. Post docs on the move on results will bring it in numbers but we start off with a bloodbath for big tax. The nasdaq plunging two and a half percent today for its biggest loss since mid-march the selling widespread across technology and intensifying into the clothes and nasdaq finishing app session lows and it wasn't just the high fliers crashing back to earth tech. Titans all seeing massive losses. Facebook netflix amazon apple alphabet losing a combined seven hundred billion dollars in market capitalisation. Today alone. That is more than one whole berkshire-hathaway wiped out in a single trading session.
Biden unveils climate plan promising millions of new jobs
"Joe Biden unveiled another key pillar of his seven hundred billion dollar build back better economic revival blueprint yesterday from to boost growth and create millions of jobs by fast tracking trillions in clean energy infrastructure spending. Should he win the white? House in. Speaking in his home in Wilmington Delaware the presumptive Democratic presidential nominee pledge to invest two trillion dollars over his first four year term in office to Promote A. Energy economy advance, environmental justice, and turbocharged the nation's pandemic ravaged labor market, the plan which aims to eliminate carbon emissions from the nation's electricity grid by twenty five is larger in scope and timing than Biden's primary pledge to spend one point seven trillion over ten years. The accelerated timetable is designed to lock in progress to prevent future administrations from unwinding action on climate change with more than thirty million Americans collecting unemployment benefits binding promise to reenergize the jobs market by rebuilding the nation's crumbling infrastructure, promoting US manufacturing of electric vehicles and parts, upgrading buildings to make them greener and more clients resilient, cleaning up existing environmental hazards and furnishing US cities with one hundred thousand or more residents with zero emissions public transport. Another bedrock of the plan is the advancement of environmental justice. Not In cancer clusters in Louisiana in Delaware and the high rates of childhood asthma in black and Brown communities, as well as findings that Black-americans are more than three times as as whites to die of asthma related. Causes Biden promised to redress the fallout of industrial pollutants on low income, historically disadvantaged communities. Though he did not offer specifics on how he would fund the two trillion dollar initiative Biden pledge to hold pass polluters to account by going off to CEO's corporations that benefited from decades of subsidies, then just walked away from their responsibilities to these communities. Last year the trump administration began the formal process of withdrawing the US from the Paris climate agreement binding promised to return the US to the accord.
Pete Buttigieg on Joe Biden's New Economic Recovery Plan
"Comes a covert nine tain. Of doing nothing other than predicting virus would disappear or maybe the drank bleach. You may be okay. Trump is simply given up. He's waved the white flag. He's walked away. This failures come with the terrible human cost. And deep economic toll. Time and again working families are paying the price. For this administration's incompetence. There's no other way to say it then incompetence. Speech at a factory in Pennsylvania today, the former vice president of rolled out his seven hundred billion dollar economic recovery plan today. He outlined his build back better plan near his hometown of Scranton Jr also happens to be a battleground state Biden's pitch comes as another one point, three million Americans filed for unemployment just last week as the pandemic continues as he said to take its toll for more, we welcome to our broadcast people to judge author veteran former mayor of South Bend Indiana, and of course, former Democratic presidential candidate. Thank you for coming on Mr Mayor and when you think about it. Infrastructure was always lying out there. Available to this president. It was a layup shot. It was an open net. All He'd had to do was name as he could have put his name on all those your tax dollars at work signs on the interstates. All he had to do was funded Joe Biden today gave it. A name pledged to fund it with fifty million Americans out of work. It's probably a good idea. No. Absolutely Joe Biden's put forward plan to make sure we're investing in American competitiveness investing in American manufacturing, which will do a lot of good in my part of the country, investing workers, research and development, and you're right, you know infrastructure is one of those things that. Frankly I. think mayors on both sides of the aisle. This president might actually deliver since it's very popular good for the economy. We need to do but. Even, this basic idea a. UPGRADING OUR INFRASTRUCTURE DONALD TRUMP campaign don. Didn't bother to actually do it. Joe Biden will because I think he understands the importance of a tour on. It's been something that's needed attention for some time, but now with our economy in shambles. It's also an opportunity to get people back to work. I want to play for you. Something this is. Telephone interview tonight, Sean Hannity Donald. Trump is how donald trump went after Joe Biden today. And he walks onto the stage wearing this massive mask. There's nobody on the stage, and then he takes off. He likes to have it hanging off usually the left ear I think it makes them feel good, frankly if you WanNa know the truth, and I guess that's okay, but you know when there's nobody around a. you don't really have to do that, but he feels. It's good and I'm okay with it if he wants to do that. He's got the largest basket. I think I've ever seen. It covers up you'll. You'll be wearing a mask to walk. feels. He looks good that way. So Mr Mayor? If he's GonNa litigated mask wearing masks size. What ear he hangs it off of in the midst of pandemic with fifty million out of work I'm assuming side. We'll take that fight. We Will Americans are dying is not a fight that we asked for, but and look nothing about district be political or partisan, listening to doctors should not be a partisan issue, and if you look at among the people, most Americans, trust medical scientists way more than they trust. Donald Trump but unfortunately a lot of his political protectors are allowing this to turn into a culture. Joe Biden wore a mask because he's setting an example about how to save lives, because that's what presidents did, and you know in addition to the bad policies in addition to the incompetent management I think the thing that's costing the American people most right now is. We don't have a president who has any? Any concept of the importance to setting an example of calling the American people who are highest valleys i. that's what Joe Biden was talking about from day one back when we were competing for the nomination, where his campaign was built on the left of the soul of the nation of battle, now underway the nation I think the reason you see our party united and a lot of independence in an increasing number of what I like to call future. Former Republicans all coming together to say that we want to lecture by the defeat. Trump is that you don't have to be a die hard rock real down crash to see that we need a better example set by the American presidency. Must be an interesting time for you as a veteran. You've got senator. Duckworth getting called a coward who hates America by a cable news host? You have lieutenant. Colonel Veneman men, putting in his paperwork. And you have this story of bounties being paid by Russia and Russia's President American lives of your brothers and sisters in uniform in Afghanistan and the Defense Secretary for one is a voice. We could probably use to hear right about now you agree. Do and I think that we need answered quickly about exactly what the president did not only his shocking inaction in the time, leading up to the story, came out his silence and inaction about the issue since. Ever, since the story is broken, I've been hearing from friends that I served with and look. This adds up to pack whether it's the way they talk about Senator Doctors who gave? More, to this country. Than just about any critics. Whether, it's the fact that a another were here. Colonel has career derailed fleet. Or the failure to protect troops abroad. It's clear that this administration has no respect for the military, and as one of the reasons why members of the military are looking for different. I think that represents a historic opportunity for my party. Keep reaching out again. It shouldn't be a cars an issue, the shooting way beyond politics, but right now we've got a very clear choice between somebody like Vice President Biden, who whose families military family whose son served. As somebody like Donald Trump, who's you know? Origins include going out of his way to avoid certain taking advantage of his millionaire connections to do it. As young man always rooted today where he just clearly doesn't care about protecting American troops, things like what we've learned that Russia to do. People judge, thank you very much for coming on great to have you on the broadcast tonight. Appreciate it
Pete Buttigieg and Joe Bidens's Economic Policy
"Presumptive, Democratic presidential nominee Joe. Biden rolling out his economic policy today. He's going to travel the Pennsylvania near his hometown. Scranton the agenda slogan is build back better. His campaign team says that Biden will prioritize small business workers and plans to focus on inequalities that prevent minorities from reaching a fair economic plainfield. We're going to hear a lot more about the plan from Biden campaign surrogate. Buddha judge is going to the squad team and just. To remember that the broadcast news. What is it? Bring back better, a lot of alliteration for remember that quote from broadcast I can't remember what it was, but Yeah, BRING BACK! A lot of bs there. Build back better is the name of the former vice president's economic recovery plan. That is the work of task force between Biden and Senator Bernie Sanders the key idea. Bring critical manufacturing back to the United States with incentives for companies and seven hundred billion dollars in earmarked funding for government contracts for American firms and Research and development. The campaign says this will create eight million new jobs if that sounds similar to president trump's platform, it is. Thank you very much. Thank you all for being here. A. Last year trump signed an executive order that would prioritize American manufacturers. In certain federal contracts, the Biden campaign says trump's efforts are working and contracts to foreign companies are up thirty percent. Vice President Biden has said he'd raised three point eight trillion dollars by increasing taxes on individuals, making more than four hundred thousand dollars a year and reverse in corporate tax cuts. Now this roll today will include a speech outside Biden's hometown Scranton Pennsylvania and. And his one time rivals from the Democratic primary race remember that it was just a few months ago are out in force today to support the former vice president and his plan one of them join us on Squawk box, Mayor Pete, the former mayor of South Bend Indiana Peop- Buddha Jr here's Joe I'm just going to call you. Mayor Pete I guess we all just feel comfortable feel comfortable. Everybody does around here countering next radio. I'm going to so we understand the primary process, and you understand it as well as anyone and we've seen it on both sides. Sometimes, there is a tendency to move towards the. Basis with some of the programs, and then when when it comes to governing, maybe you become more centrist and I'm just gonNa tell you. Here's the headline for this mirror. A Biden to map and economic path delaying progressives, biggest plans and I think Kayla alluded to it that he's going to call for a moderate approach towards reviving the US economy. Is that how you see it? And is that the right prescription to win, but I think there's a lot of boldness and the level vice president. Biden wants to invest in America I. think that's not only progressive already, but it's something that people across the out. We're going to I. Think it's in keeping with Joe Biden's instance to bring people together, but I think it's also in practical terms. What makes sense early on? We need to invest in our own competitiveness. In order to grow your own, and in order to compete with increasingly powerful economic competitors like China, we need to make less dependence on Safai chains for critical goods and infrastructure light. We're seeing right now with armed soon which she's on countries like truck and we need to make sure that American workers come I to me that nets bedrock through what democratic are spout, but I do agree with you that you don't have to Iraq Democrats to see why this is a good at. was so in the plans were pretty expensive as you know. And it was pre pandemic, and it was pre-, twenty, five trillion wherever we are right now, so this is cost a lot and inflicted a lot of economic damage and. Hopefully we're GONNA. Come out of this, but it might take years so. I mean. Is there something to that that it's not the we're not in the same position to be able to maybe be as as as free-spending with some of the democratic programs. Do you think do you agree with that and? We're GONNA need to to try to pay down some of this that with our taxes. No Democrats go is one of the first to talk about deficits and the debt, but the reality is. We can't afford not to make these vestments score. We will see economy stagnate, and since we're in a moment of distort low interest rates, and since these kinds of investments every time America's none have paid off investing our competitiveness in our infrastructure in our manufacturing base. Frankly they have much irate return than tax cuts, so as economic stimulus goes. I think this is the right way forward. Of course we got to be smart about the investments remain, and of course you can't get something for nothing. But, if you look at the overall picture, where are headed? We don't have a choice and we can handle these kinds of investments if we make before it's too late to a the I think that lowering corporate taxes helped. Corporations, become more competitive. Bring money back I think it. It was somewhat responsible for what we're pretty good. Economic Times before the pandemic and terms of historically low unemployment rates across the board. And some of the deregulation. The vice president is going to reverse the at least a portion of the corporate tax cuts. Do you not think that that that that plan helped the economy, do you? Do you disagree that lower corporate rates were were a boom for the US economy, and it won't matter to reverse them. John, I'm very skeptical that those rate cuts should get hosted at credit. And by the way those rate cuts rent led directly to exploding deficits, and as part of the reason, why oddly enough not to be too partisan about this, but across my lifetime one hundred percent of democratic precedents seem. Deficits go down one hundred percent. Presences seem deficits. Go Up, but you can't get something for nothing. And will we gotta decide is what's a responsible at tat hats not deliver the kind of investments that make an economy. and. This isn't something we have to just use our imagination for we look at the evidence and the evidence across Merton. History is the one we're making robust vassals with responsible, but not excessive taxation, the gross but I. We've talked about it earlier that right now with where American businesses and how important it is to get the unemployment rate back down. It seems like not the most ideal time to raise corporate taxes now. We're going to need to pay down a lot of what we've spent. A and maybe. Rick Razor on wealthy individuals, but that may not raise enough either. Are you for a blanket raised in the marginal rate into what level? or What. What would you advise? Vice President Biden to propose for a marginal rate across the board. Well. I would advise him to look at the evidence and find levels of taxation. They're consistent with growth as they have been historically now, of course, in American history, the economy's growing much quicker under much higher marginal tax rates but I don't think we have to go back to what it was like in the in the sixties or seventies. Again. Period of in many of those faces product to depress looked online. Is You've got to pay for what you and we should be able to strike a balance in the United States, but what we can't do is continue with these deficit. Exploding tax cuts that we were told would pay for themselves. You can check. They did and now. That was before we got the situation. We are now the debts. It's why we need to make sure. We're looking at the investment side as well as the cost side what I really appreciate about the plan. That's vice-presidents laying out. Is it does? Mayor Pete just wanted to. We wrestle with this issue of taxes. All the time said it's one of the press. Two questions related to one is just simply the timing of a tax increase, and it's the question. We asked the vice president when he joined us now more than a couple of weeks back, and he said he would do it immediately. Even amidst this and the question I say is to the to the extent. There are small business owners out there right now. That are clearly struggling and trying to get up on their feet. Seeing a tax increase right in front of them. Just make the case if if that's the case you WANNA, make in terms of the timing. Of course there's going to be a look at conditions on the ground and a glass. Four months has shown us in really blunt terms. How quickly things can change and I know that a new administration will make sure that every step that takes this is consistent with what the right thing is to do based on what we see around us, but we also know is that small business will benefit from the kinds of investments that president housing. And that this country will be more competitive one and were not successful. When we're investing the foundations, no country can't get away with disinvesting in education in infrastructure and research the way we have, and for a very long and the longer you go disinvesting and all that. The the sooner it's GonNa catch to you for small and big business away, and you know we already reached a point. Where even when there were low unemployment rates, the American standard of living was not secure life expectancy down. It raises questions about how our economy has been lined up. This is a historic opportunity to make sure that it's working for more Americans and made just GonNa fall with with the other big debate around this table a lot. is about wealth, the the wealthy and philanthropy yesterday? Warren Buffett gave away two point nine billion dollars and. which is a great thing and philanthropy, and by the way has helped even during this pandemic in a meaningful way, but oftentimes those shares are never taxed as we all know, and so the government will never be a beneficiary and other taxpayers won't be a beneficiary of those successes. Do you think philanthropy should be taxed in any way well, it would make more sense for that to happen on the front end. Look, it's it's wonderful one. There are these major commitments such generousness by. Individuals, but we've also got to ask how things got so unequal in the first place, because if a little bit more that was making its way into a democratically guided process in other words, the kinds of Research and development that invent trillion dollar ideas like the Internet itself and Space Travel. Are we know our country is better off, and we gotta ask where the balances I would argue. Look thing about this. In the United States right now there is not one county, not one. Where a fulltime minimum wage were can't afford a two bedroom apartment time. There's somebody works for a living in a job fulltime. Can't afford to bed in the part. I would argue that if that were the case. If we had higher wages and more public investment, we wouldn't need to knots landing quite as much as we did. Mayor Pete the one thing that President Biden's plan has in common with President Trump says that it it really leans intimate in America and not just from a position rhetoric there looks like there are going to be real incentives real penalties to companies if they're not making things in America. Do you think globalization is dead? I don't think we have to choose between closing ourselves off investing in our own country on the contrary I think global. Market, we are more competitive when we are starting right here at home made in America is really news and the vice president's fine America initiatives. Really good news for us here. The so called belt where we know that we are Cape. Producing some the finest goods in the world, but there are so many loopholes or waivers in the system and. I think you all report it. You know. Australia's actually gone up an awful lot under this administration so I don't do this since. The president. Fighting. I view it as an opportunity for us to make sure that taxpayer dollars benefit American firms and workers first,
Biden proposes $700 billion-plus ‘Buy American’ campaign
"Hi Mike Rossi you're reporting Joe Biden goes on the offensive on the economy today democratic presidential candidate Joe Biden plans to lay out a seven hundred billion dollar buy American proposal for federal government purchases as he shifts focus to the economy in his bid to unseat president Donald Trump Biden will discuss his proposals today at a metal works concert and done more Pennsylvania the Biden plan would increase federal government purchasing of US based goods by four hundred billion dollars over four years with another three hundred billion dollars going toward new research and development in U. S. technology concerns Biden is expected to unveil an energy plan in the coming weeks might cross your Washington
Biden proposes $700 billion-plus ‘Buy American’ campaign
"Hi Mike Rossi a reporting Joe Biden is set to propose a seven hundred billion dollar buy American campaign presumptive democratic presidential nominee Joe Biden is set to propose a seven hundred billion dollar buy American campaign to boost U. S. manufacturing and technology the plan Biden is expected to announce today calls for a four hundred billion dollar four year increasing government purchasing of US based goods and services plus an additional three hundred billion dollars in new research and development in U. S. technology concerts by but also repeal Republican backed tax breaks for US corporations that move jobs overseas the plan will be the centerpiece of Biden's economic platform for his fall campaign Mike Rossio Washington
Fed’s Dividend Cap Hits Banks
"Global stock markets followed Wall Street higher today after U. S. regulators removed some limits on banks ability to make investments on Wall Street down S. and P. futures both down earlier this morning the federal reserve says in a worst case scenario the nation's thirty four largest banks could lose roughly seven hundred billion dollars to bolster them the fed is ordered them to suspend by back to their own stock in cap dividend payout roots of
Fed suspends stock buybacks, caps dividends for big banks
"Federal reserve has a worst case scenario for the economy ravaged by the corona virus would cause the nation's thirty four largest banks to collectively lose roughly seven hundred billion dollars to bolster the banks ahead of the potentially damaging recession the fed ordered banks to suspend stock buybacks and dividend payments until September
The Fed has capped bank dividends and suspended buybacks after stress tests
"For the first time in the ten years of stress, testing banks are required to resubmit their capital plans later this year to reflect the current environment by chair Randall. Quarrels notes in a statement that there is quote material uncertainty about the trajectory for the economic recovery in its impact on banking organizations, and not all governors agreed to let the banks continue payouts even if If, they're limited fed governor Lael brainard said in a separate statement that she does not support giving the green light for large banks to deplete capital which raises the risk they will need to tighten credit or rebuilt capital during the recovery coverage, informing this decision by the Fed was a covert sensitivity overlay for their traditional stress tests where the test of the bank's viability under three hypothetical recessions in subsequent recoveries, v-shaped, u-shaped and w shaped. The Fed notes that there are scenarios are not predictions of the likely path of the economy in aggregate, though the Fed said loan losses for the thirty four banks tested amounted to five hundred and sixty billion to seven hundred billion dollars aggregate capital. Ratios declined from twelve. Twelve percent in the fourth quarter of two thousand nineteen to between nine point five to seven point seven percent in the hypothetical downside, they did not break out the results of the cove analysis on individual banks, but in the after hours investors have been drawing their own conclusions with mixed results depending on the bank mixed performance depending on the Bank Melissa all right Leslie, thank you Leslie picture with the results of the stress has a lot to think about. There are a lot to think about in terms of how it affects the bank trade, but there's also this to think about. Take a listen to what David Ellison of the Hennessy funds said on the closing bell just a few moments ago. There really inserting themselves, and and basically acting like they want to act in a sense that these companies are effectively nationalized. and. We're seeing the effect of that today. in what they're saying, so they're worried about the the appear to be more worried about the economy than the market is. Again heard Powell last week. Say that he was worried now. It seems like we're hearing that again. And this is going to be an ongoing thing. The banks are going to be battling this for the next couple years. So they are effectively nationalized according to this bank investor, guide me. What does this all mean for the bank trade? Yeah. It's interesting. I mean I. Don't know if I'd go that far that the bank should be but I I respected the the opinion on that. Know what it means for the bank trade I don't think the value proposition of the reason you were getting wanted to belong J. P. Morgan was because of the dividend or their stock. Buy Back. I mean I. Don't think that's why you're long the stock, but I understand the headline. This is somewhat shocking, although probably not all that. Surprising quite frankly, I think a lot of people probably saw this coming I think the bigger headline was the reason I thought. The market rally in the first place was a relaxation of the Volcker rule to a certain extent. I think that's why banks had the big run. Now you have to wonder if the timing was somewhat coincidental. I still would submit the following. Pretty steadfast on this you're looking for opportunities to by name like J. P. Morgan for that now second potential run up to one fifteen, and we've done the math for you. I mean one fifteen for J. P. Morgan is putting a one point eight multiple on sixty two dollars tangible book, and it makes a lot of sense. Go back and look where we traded up to a couple of weeks ago and that to me is where the market wants to go I. Don't think it's I. Don't think this is the reason to be bearish the broader market although you know I am. But I do think the headline is probably going to some people carrying. You've been a longtime investor in the bank specifically, certainly not for the dividends, certainly not for the share buybacks. Knew that they were gonNA suspend by back at least for this quarter. So how do you factor this into your investment thesis? So. I mean I guess it makes sense I that they say. Let's see how the year unfolds before we decide whether or not you're going to be allowed to to pay your dividend, or at what level you'll be allowed to pay your dividend, so that sort of makes sense to me i. think what is going to be more important I think is how bad are the provision for loan losses going to be in this quarter? And how bad are they going to be given that we are having difficulty reopening? How sustainable those losses to be going through the throughout the year, so I had thought that the first quarter and the second I'm sorry, the quarter ending in. June, and this next one I'm sorry. March marching, June would be the worst quarters of the year. Maybe there's another bad quarter here. It is interesting to me though that the Volcker rule did come out on the same day that I mean that's sort of like back to go go times. To? The stress tests. But I think the story hasn't really dramatically changed today we'll be. It'll be interesting when we see on Monday. Who is going to change their dividend? Would seem like Wells Fargo is maybe a likely candidate. For BANKAMERICA's city and JP Morgan. The big money centers I don't think they're moving much I. saw city up a little JP Morgan down a little and Bankamerica down. Little I don't think a whole lot has changed to me. It still comes down to how bad will the loss be? Yeah, Goldman after hours one of the biggest loser, if down two and a half percent, a wells Fargo's down one and. And a half percent.
U.S. posts record $738 billion budget deficit in April
"Story the monthly budget statement the money's going out April economists surveyed by Bloomberg looking for a budget deficit of more than seven hundred billion dollars again just crossing the Bloomberg consumer price index down point eight percent
"seven hundred billion dollars" Discussed on KGO 810
"For the home isolation of all seniors anyone sixty five years of age or older and those with chronic health conditions SO zero eight business the markets are going to have a shaky start we just have the opening bell let's check in with Keiji is marking out a good morning mark good morning Greg yeah major drop in share prices at the open investors appear to be unhappy with the federal reserve decision to drop interest rates to zero in that to merging sea meeting yesterday as a fed also launched a massive seven hundred billion dollar quantitative easing programme which hoping that'll help cushion the economic downside from the corona virus outbreak however some analysts see it as a panic move futures hit a limit down overnight he looks like a they have already triggered the seven percent circuit breaker this morning at the open it happened right after the opening bell the Dow futures are down now was off twenty two hundred and fifty points the nasdaq is down forty two of the S. and P. is minus two twenty one all right our thanks to barking at a we're gonna check in him with the market early and often as he markets really struggle fifteen minute pause in trading it's down nine percent and he'll join us in just a moment on KGO also looking at your drive in an update on the effort to clear that crash on highway one a one in just a moment this news update in business report is sponsored by redwood credit union were checking is always for when you need professional building materials in a hurry the home depot has your back pros are changing and so are we a huge selection of prograde building materials from the brands you trust lumber roofing concrete drywall.
Trump praises Fed's surprise interest-rate cut
"Trump is praising an emergency interest rate cut by the federal reserve they did it in one step that included four steps over a long period of time they did a one step and I think that people in the market should be very thrilled trump said he was very happy with the cut that moves the federal funds rate down to zero to one quarter percent trump added the move is phenomenal news the fed is also taking action with seven hundred billion dollar easing program
Coronavirus: Stocks fall after global central bank action
"And what a move from the fed to wakeup to Raja emergency shock and all you could call it but the market reaction shows some disappointment a cot to almost zero on interest rates and seven hundred billion dollars of asset purchases yeah and that was seeing other central bank action as well we've had the bank of Japan making a move that certainly didn't impress the markets we know the bank of Korea's doing something we'll send it to the reserve bank of India is having a press conference seen as well so a lot of action out there but certainly looking at the way it's been going this morning in Asia now because of your nature of people are not impressed no absolutely no I mean what you see from the central banks you mentioned a few that are of course the B. O. J. with a commitment to ETF purchases but stopping short of a rate cut we got a rate cut from the audience adds the all B. H. a potentially pledging more measures as well you start to wonder whether this does actually look like some global coordinated response from central banks but the question is is it too little too late and what is the move from the fed actually achieve of course has already achieved anything to prop up risk assets overnight but does it leave more time and more room for fiscal space what does it actually accelerated the urgency full fiscal measures to take place and of course the big agenda right in today is the G. seven cool between global leaders articles what might well be in their minds that horrendous data out of China I mean a real holiday this data that we've got from January February less than expected written record way that will build Burton I think people thinking about how this crisis is going to work itself out absolutely and last week of course we saw global equity markets tumble into bed market territory the stock six hundred in Europe gain some one percent on Friday right now we open it down at two point six percent so not quite as bad as some of the futures were indicating looking across regional equity benchmarks Roger using the footsie one hundred down two point two percent the ibex unfit see made both in the red just waiting to get an opening price through from the dax and CAC forty of course the swings in the U. S. market at the end of last week was starting Wednesday since nineteen eighty seven on Thursday best day since two thousand and eight on Friday futures are traded limit down and taking a look at where we are now one U. S. futures you're seeing S. and P. Dow and nasdaq futures all in lower by at least four and a half percent and then we get to the bull market the ten year treasury yields tumbling more than thirty basis points at one point in the Asian session went down twenty now to a seventy six handle with C. yields tumble across the U. S. because of the market seems to be debating for more from the fed or elsewhere at the two year yield at thirty two basis points down seventy was seen curve flattening so that tells you something as well about the market's reaction to Jerome Powell whatever it takes the ten year bond yield down three basis points negative fifty seven ten you guilty sixty basis points in FX markets are we see the yen jumped up more than one point three percent against the dollar at the moment so don't again I did fluctuate a little bit on the BOJ's decision but ultimately you'll see this as a reaction to the fed daily and that one percent what a six fifty we've also seen the Ozzy I use even dollars come under pressure from action and signals from those two central banks D. X. Y. Morgan Stanley says that you should be selling the dollar against the euro the Aussie and the loonie because a risk assets and the self that I would actually finding a bottom D. X. Y. at ninety seven Morgan Stanley sees ninety five on further dollar weakness I'm just taking a look at commodity markets you see oil WTI and Brent extend losses off to the worst week since two thousand eight Brent down four point four percent at thirty two thirty four dollars a barrel Raja yeah what a thing for you to return from holiday into your relaxation I'm afraid might dissipate quite
The Fed takes emergency measures to protect US economy
"I'm Anthony Davis. Us Federal Reserve took massive emergency action yesterday to help the economy withstand the corona virus by slashing its benchmark interest rates to near zero and said it would by seven hundred billion dollars in treasury and mortgage loans the Fed surprise announcement signalled. Its worry that the viral outbreak will depress economic growth. In coming months and that it's prepared to do whatever it can to counter the risks. It cut its key. Rate by a full percentage point to arrange between zero point two five percent and said it would keep it there until it feels confident that the economy can survive sudden shutdown of economic activity in the United States. The Fed is also joining in coordinated global action with the Bank of Canada. The Bank of England's the Bank of Japan the European Central Bank and the Swiss National Bank to provide cheap dollar credit to banks.
Fed takes emergency steps to slash rates and ease bank rules
"We reduce the target range for our policy interest rate by one percentage point in a conference call with reporters chairman Jerome Powell said the fed will also by seven hundred billion dollars in treasury and mortgage bonds and these bankroll reporter for credit to households and businesses reason the virus presents significant economic challenges president trump had this reaction at the White House we're very happy I have to say this so very happy and they did it one step at it and do it in four steps over a long period of time they did a one step and I think that people in the market should be very thrilled credits also joining in a coordinated global action to ensure foreign banks continue to have access to U. S. dollars Ben Thomas Washington
"seven hundred billion dollars" Discussed on News 96.5 WDBO
"Ever get those of Jack chief legal officers that was with the airforce the judge advocate general's office for twenty years and served overseas and ends in the states and the same is going on here I just want to mention there's nothing wrong with the uniform code of military justice what is wrong if the people administering at and in the case of Gallagher there should be an investigation going on from the judge advocate general the navy already down to the trial counsel as to learn why they did what they did particularly in Gannett interfering with the defense of this case that's the same thing over in the army we have a lot of political we have a lot of quote a staff officers or in those positions who have some type of attitude as far as the global war fighters are concerned this is been going on for years because the military's kind of split up between warriors and also those people that we we who who do you think is happy like what percentage of the military's happy the president did this to Gallagher include the rents in the others and what is on happy what percentage well I would probably say depending on the ranks I would say below the rank of say major I'd say they'd be happy with above the rank of lieutenant colonel into lag officers I would say they would be unhappy with them there is a part that says you know the presence in action involved in the administration Jessa's until it's within his way in other words in this case Gallagher would have been entitled to after the convening authority approved the findings from the fans take it and go on to the president for part or clemency that would have been the proper way to do it in the case but when only go one case the the D. hacked into his death his attorneys computer he won so they want to restore the bust his rank and then when you put him back they said would it take you tried with a put you would have is to a trial of your peers does he we take you try to get over it this is so petty get the Gerald R. Ford going again you know tell me about the Persian Gulf tell me they were prepared for attack from Iran tell me did you got an effective counter to China don't worry about Eddie Gallagher America's a better place because he's not in prison so I have I'm fed up with this could not be more disappointed in this and now Richard Spencer's out and then you see center enough say he's done a bad job on allocating money which city giving of seven hundred billion dollars he got to spend in the right way one eight six six four oh eight seven six six nine when we come back senator Lindsey Graham he talks for the first time since vice president Joe Biden called him out what does he have to say for about to find out this is the bride to.
"seven hundred billion dollars" Discussed on News-Talk 1400 The Patriot
"The big punch line in this New York times report is this last frightening line those with college degrees overwhelmingly perform is war you become stupid when you go to college a lush you have a very strong value set and wisdom prior that's what happens you become stupid I mean it literally there was not one iota of exaggeration you become stupid only stupid people people who wish to try to destroy America support Elizabeth Warren her policies are stupid good bankrupt the civilization that's why Bloomberg is thinking of running Bloomberg hates trump he hates trump is much is Elizabeth Warren H. trump may be more but he understands she's an idiot she is an idiot if you have a good brain of course it may be if can have a good brain main power means nothing it's like computer power it doesn't produce wisdom overwhelmingly the college educated Democrats support Elizabeth Warren what a statement about college sending your child to college is playing Russian roulette with their values I tell you that regularly unless you're a leftist in which case that's the best place to send your kid to reinforce everyone of your convictions and make sure they never hear another conviction that's what no safe spaces about your available liberals in the film what a what a depressing thing in the survey by The New York Times college educated overwhelmingly I mean come in college educated that means that they believe in socialism you go to college to reject everything that everything you come out definitely more secular there is a total secular brainwashed colleges good will use it what should be here I won't play it now maybe it will open next hour because it's veterans day the reaction when I said the US military deserves a global peace prize of bill Maher show well the week before last the college educated prefer Elizabeth Warren trillions of dollars of debt I read some intelligent piece that truly worries that they will be such an economic break down that will dwarf the Great Depression of the nineteen twenties and that will lead to violence in America I I do not dismiss that to that prediction the left has settled this country and by the way often with the complicity of of the of the Republicans like fully twelfth but it emanates from the left to the judge booted judges trillions of dollars this is a there's a there's a piece in the in the Wall Street journal mayor Pete's latest trillions his economic agenda is all spending and taxes and growth Friday he released what he called an economic agenda for American families for a candidate who wants to occupy the moderately Mr booted judges policy details veer notably left here are some highlights seven hundred billion dollars presumably over ten years but the plan doesn't specifically say for quote universal high quality and full date early learning do you know that none of us it is in the baby boomer generation I don't know when this began this pre school stuff which is really fancy shred see daycare let's be honest rich is fine with me I don't have any thing against that but please the thought that you need you ever all kids beat.
"seven hundred billion dollars" Discussed on Bloomberg Radio New York
"In Jerusalem make in Jerusalem the capital of Israel I just gave Golan Heights recognize Golan Heights for Israel I've done all of this for Israel and then you have these people I think that Mar I find it hard to believe but I hear all mark today voted or yesterday put in a sanctions bill against Israel and other things beyond sanctions so what I hear that you just can't talk about our country that way add to what people are angry at them I fully understand the the card would hold on I don't know if it's good or bad politically I don't care but what people are speaking so badly when they call our country garbage thank you that that's worse the deplorable what they call our country garbage I don't care about politics I don't care if it's good or bad about politics many people say it's good I don't know if it's good or bad I can tell you this you can't talk that way about our country now what I'm the president I think they said horrible things their anti semitic are you look at the counter said reserve bed about Israel it's a disgrace president remember what they what about our country that's what the confusion do you see not agreeing with you the same yeah they have first amendment rights but that doesn't mean I'm happy about them saying I when they say bad things about because we can certainly feel and again we have first amendment rights also we can certainly feel what that say what we want save save so we're going to be speaking with you okay hi this only goes to show what I'm saying about a rare and troubled nothing but trouble I remember this the agreement the ridiculous agreement made by president Obama expires in a very short period of time was a short term agreement what you're dealing in countries you have to deal in fifty years that a hundred years you don't deal in the short term I was a ridiculous agreement and it goes to show you I was right about a red head let's see what happens but I know that it's not American ships with U. K. I guess you could be one could be two ad will be speaking to them they have a new prime minister coming soon that's a good thing for the U. K. that Americans the laughing stock of the world five America but not democratic I believe all people are great people I believe everyone is great but I love our country and I'm representing our country and people can't go around speaking about our country and saying garbage this is the greatest country in the world we now have the strongest military by far we had a depleted military when I took over we spent seven hundred sixteen billion dollars last year seven hundred billion dollars a year before we have a great powerful military more.
Trump to Piers Morgan: I'm 'making up for' not serving in Vietnam
"As the rule of seventy five years since d day, President Trump traveled to London for talks with British leaders, and in an interview on good morning Britain host Piers Morgan, asked Trump about his lack of military service in Vietnam. Fan of that war that war was not something. Generally. Have minded that at all. I would've been it but I think I make up right now I look for seven hundred billion dollars I gave last year, and then this year, seven hundred sixteen billion dollars. I think I'm making up for rapidly because we're rebuilding. Our
"seven hundred billion dollars" Discussed on C-SPAN Radio
"DOD budget. How how can you guarantee to military families and to our men and women of the military that none of the money that would be reprogrammed to a wall will take away from other technology other renovations construction that is desperately needed in our military. So John we had certain funds that are. Being used at the discretion of generals at the discretion of the military. Some of them haven't been allocated yet. And some of the generals think that this is more important. I was speaking to a couple of them. They think this is far more important than what they were gonna use it for. I said what were you going to use it for and I won't go into details. But didn't sound too important to me. Plus, if you think I've gotten seven hundred billion dollars for the military in year one and then last year seven hundred and sixteen billion dollars, and we're rebuilding our military, but we have a lot and under the previous administration our military was depleted badly depleted, and they weren't spending. I mean, they had a much less than a much smaller amount of money. So when I got seven hundred billion and then seven hundred sixteen billion and this year, it's going to be pretty big too because his few things more important than our military. I'm a big deficit believer and all of that. But before we really start focusing on certain things, we have to build up our military. It was very badly depleted, and we're buying all new jet fighters. All new missiles all do defensive equipment. We have will soon have a military like we've never had before. But when you think about the kind of numbers you're talking about. So you have seven hundred billion seven hundred sixteen billion when I need to billion three billion out of that for a wall, which is a very important instrument a very important for the military because of the drugs at Poran. And as you know, we have specific rules and regulations where they have a drugs, and what you can do in order to stop drugs, and that's part of the two we'll take it a lot of money from that realm also. But when you have that kind of money going into the military, this is a very very small amount that we're asking for. Go ahead..
"seven hundred billion dollars" Discussed on KTLK 1130 AM
"Killings. Can we stopped? Vast quantities of lethal drugs, including meth Pantanal heroin and cocaine are smuggled across our southern border and into US schools and communities drugs kill much more than seventy thousand Americans a year and cost our society in excess of seven hundred billion dollars, the sheer volume of illegal immigration has overwhelmed federal authorities and stretch our immigration system beyond the breaking point nearly fifty migrants day are being referred for medical assistance. They're very very sick making this a health crisis as well. It's a very big health crisis. People have no idea how big it is unless you're there our backlog in the immigration courts is now far greater than the. Eight hundred thousand cases that you've been hearing about over the last couple of years think of that though eight hundred thousand cases because laws are up solid so obsolete. There the laughing stock all over the world are emmigration laws all over the world. They've been there for a long time are the laughing stock all over the world. We do not have the necessary space or resources to detain house vet screen and safely process. This tremendous influx of people. Short. We do not have control over who is entering our country. Where they come from who they are why they are coming. The results for many years is a colossal danger to public safety. We're going to straighten it out. It's not hard. It's easy. If given the resources last month was the third straight month in a row with sixty thousand apprehensions on our southern border. Think of that we apprehended sixty thousand people that's like a stadium full of people a big stadium. There are many criminals being apprehended. But vast numbers are coming because our economy is so strong. We have the strongest economy now in the entire world. You see what's happening? We have nowhere left to house them and no way to promptly removed them. We can't get them out because the laws are so obsolete. So. Antiquated and so bad without goo resources from congress. We will be forced to release these people into communities something we don't want to do called catch and release you catch them. Even if the criminals, you then release them, and you can't release them. From where they came. So they go into our country and end up in places, you would least suspect and we do as little releasing as possible, but they're coming by the hundreds of thousands. I have had zero democrat lawmakers volunteer to have them released into their districts or states. And I think they know that and that's what we're going to be discussing over the next three weeks. The painful reality is that the tremendous economic and financial burdens of illegal immigration fall on the shoulders of low income Americans, including millions of wonderful patriotic law abiding immigrants who enrich our nation. I quick break. We'll come back or we're gonna finish this speech. And then on the other side. We'll get reaction to bolt that story or other big story..
"seven hundred billion dollars" Discussed on 106.1 FM WTKK
"Killings. Can we stopped? Vast quantities of lethal drugs, including meth, Fenton, all heroin and cocaine are smuggled across our southern border and into schools and communities drugs kill much more than seventy thousand Americans a year and cost our society in excess of seven hundred billion dollars here. Volume of illegal immigration has overwhelmed federal authorities and stretch our immigration system beyond the breaking point nearly fifty migrants day are being referred for medical assistance. They're very very sick making this a health crisis as well. It's a very big health crisis. People have no idea how big it is unless you're there our backlog in the immigration courts is now far greater than the. Eight hundred thousand cases that you've been hearing about over the last couple of years think of that eight hundred thousand cases because laws are up Salim. So obsolete. The laughing stock all over the world are emmigration laws all over the world. They've been there for a long time are the laughing stock all over the world. We do not have the necessary space or resources to detain house vet screen and safely process. This tremendous influx of people. In short. We do not have control over who is entering our country. Where they come from who they are why they're coming. The results for many years is a colossal danger to public safety. We're gonna straighten it out..
"seven hundred billion dollars" Discussed on WBZ NewsRadio 1030
"As them. Horrible people tough mean. Sadistic? In the last two years ice officers arrested, a total of two hundred sixty six thousand criminal aliens inside of the United States, including those charged convicted of nearly one hundred thousand assaults. Thirty thousand sex crimes. And four thousand homicides or as you would call them violent vicious killings. Can we stopped? Vast quantities of lethal drugs, including meth heroin and cocaine are smuggled across our southern border and into US, schools and communities drugs kill much more than seventy thousand Americans a year and cost our society in excess of seven hundred billion dollars. The sheer volume of illegal immigration has overwhelmed federal authorities and stretched our immigration system beyond the breaking point. Nearly fifty migrants day are being referred for medical assistance. They're very very sick making this a health crisis as well. It's a very big health crisis. People have no idea how big it is unless you're there our backlog in the immigration courts is now far greater then the eight hundred thousand cases that you've been hearing about over the last couple of years think of that though eight hundred thousand cases. Because the laws are up elite. So ops elite. The laughing stock all over the world our immigration laws all over the world. They've been there for a long time are the laughing stock all over the world. We do not have the necessary space or resources to detain house vet screen and safely process. This tremendous influx of people. Short. We do not have control over who is entering our country. Where they come from who they are why they are coming. The result for many years is a colossal danger to public safety. We're gonna straighten it out. It's..
Primary elections: Wisconsin and Minnesota voters pick nominees in key contests
"Here to sign a historic national defense authorization act which includes the largest pay increase support. For our military families and investing in our. Military readiness climb. To glory tenth. Mountain division thank you seven hundred billion dollar Bill named after Senator John McCain sets policy priorities for the, defense department include tough language
California, Trump and Senator John McCain discussed on KSTE Programming
"The largest wildfire in California history is turning deadly California fire. Officials say a firefighter has died battling the Mendocino complex fire. The fire scorched over three hundred forty nine. Thousand acres in northern California it could take another couple. Of weeks for crews to completely contain
At least 69 killed in apartment building blast in Syria
"More than seven hundred billion dollars for the military in the coming fiscal year he spoke to soldiers at fort. Drum New York today just before signing the measure who called it. The most significant investment in the military in modern history I am very proud to be a big big part of it It, was not very hard you know I went to congress I. Said let's do it
"seven hundred billion dollars" Discussed on Chapo Trap House
"America to remind ever buy america socks into let everyone know that america is actually bad in case you were wondering of wounded knee much but so maybe after that you're feeling a little down on your nation and you want some reason to be proud in this thankfully these people at axios well yeah this comes to us if you're not familiar is the world's most wellfunded field trip world's most wellfunded and longest lasting field trip a group of several precocious forty five year olds who received seven hundred billion dollars in vc funding to go on a fully funded birthright trip to washington dc and you know find out find out what rick perry really does on the week actually a sounds like a drug for recognized function that makes you stop getting interaction why you need that drug drug to come that is it's maybe you're you're awkward teen sweatpants or something triax ios kill that boehner axios sounds like like the god in the made up religion that rogue spear founded the supreme being called yes no that's totally true yeah the avatar of reason axios this is this is mike allen who's like this the got the sort of the the all father of axiom again it was like a spun off politico but i think his mic allen's big you know big big idea for axios no one wants to read the news they just want the bullet points from every article knowing yeah so these headline in the bullet points so mike writes your reasons to love america twenty eighteen forget because like you know obviously like it's three hip to be down on america to be down in america all the time but especially now because you know our president is like a senile reality tv show hose 'twas lotto who's mind is literally melting on tv as we you know apparent as we ransom children ages see the thing he said at the montana rally the elton john thing it was so cool that is a brain dying in the most powerful man in america with the ability hypothetically launch nuclear ward any moment just his brain leaking out of his ears in front of thousands of hooting swine who how alarming is that none of them were absurd of word it's like oh okay does he smell toast do we need to get him to a hospital there's just like fuck you people have said that i have had the most wonderful stroke of all time that no one's completely turned to spoiled despoiled applesauce with it as folks folks the klotz in my blood vessels they're huge they're the biggest they're phenomenal i have a blood clot the size of salami disc in my wrist is actually bigger than my wrist look it juts out it looks like the planet saturn that the trump comments on using his brain as an organ and being better than elton john because he uses his don't just need your mouth and the that that's the logical conclusion to the tweet where someone's like your dad your dad gibbs great brain damn and he's like it's called genes that was the lodger i'm an artist moment my instrument is giving brain kids through into my mouth how are you sir i wish i could be less calling me super head okay they took that name from me i blue jay z i wish i could be less of a pendant because every says that what i can't stop thinking yes yes your brains dying and we're at your mercy in your fucking crimson king from stephen king's dark tower series but the big difference between you and john is that those people paid money that's the free ticket to go watch the fucking orange wet president holler i was going to say trump's his elton john comments that whole that whole string of of of dialogue was basically the trump version of the film jacob's ladder yes just like all the things that are going on in this weird phantasmagoria that just happening as your brain dies everyone's got as lizard is just like the oxygen lease it leaves its last sell trump is the only guy to like concur it with her own reality be the angels in america.
"seven hundred billion dollars" Discussed on The Tai Lopez Show
"Different kind of power i've driven a lot of different cars and i've driven the cheaper cars that they just add a big engine it's not the same it's almost like it's a bastard it's a hybrid like they took an old junkie car put a powerful engine it doesn't ride like event door so people have emotional benefits from things and that's why lambruschini's wanna biggest luxury car brands in the world what's the motion thing you're doing what do people not like in music who make music been like their music stolen and then like not getting paid for it put that right here if you're making twenty grand a month already with this by changing your branding little bit and once again did i say nine month old babies like to see if you show them pictures they love to see repeated imagery of voice tag god's with your logo is that what children little nine year olds will look at or faces whereas the face the only time you don't need a face is if you're apple and your seven hundred billion dollar brand now they did use steve jobs face for a long time but member his famous nineteen eightyfour commercial before apple is big that had faces on it once you're at a seven hundred billion dollar level you don't need to face anymore you just need that little that's the face but i'm assuming none of us are at the level apple so we're going to have to be like smaller brands what is victoria secret faces why not put here a case study blankety blank you know hip hop artist or musician was getting their music stolen all over youtube used are marking software and now has basically eliminated it and increase sales by three hundred percent of their music and have a video of them talking that will outperform this any day okay so congratulations on making twenty grand but bad.
"seven hundred billion dollars" Discussed on The Jason Stapleton Program
"Do you see a lot more freedom beast's where you are we are we as government smaller our taxes is regulation that much lower is freedom that much bigger and better are we at greater peace than we were before are we more tolerant society than we were our markets freer than they were before no none of that is true they tinker around the edges they make these tiny little changes they can go out and claim that they're doing something important and yet regulation continues to grow people talk about how donald trump he's cut more regulation than any other president last twenty years or whatever regulation still growing they're still going to be more regulation this year than there was last year that book keeps getting bigger and bigger and bigger republicans are in charge where all the cuts spending where are they i mean they're they're great about the tax cuts that's easy to do sign on the tax cuts spending cuts where's the small government republicans that all of us think were voting for when we vote for republicans there mia they don't just they never exist they never happened they talk about him you see there's a huge disconnect on the republican side between the way people run and the way they act when they get into office at least the democrats are somewhat honest about what they do they say well elect me and all tax the rich and i'll give you the difference i'll make government bigger i'll expand this program or that program at least they're honest with you see republicans do the same thing they expand programs expand different programs department defenses budget up to seven hundred billion dollars next year seven hundred billion dollars they say well we need it because we played fallen out of the sky because of maintenance issues no kidding how about you stop fighting six different wars on on three different continents and maybe there'd be a little money left over to do training and to keep your fleet up to speed and keep your air force shape maybe that money be there if you were busy fighting conflicts that we've got no business being.
"seven hundred billion dollars" Discussed on Marketplace All-in-One
"Okay kiowa under say one other thing that i think added to the confusion in all of this which was that when we were designing a program in oh i we had all known how in the united states of america government ownership is an athlon there's a red line and we all knew that putting capital would be a problem if it were during broadly so you know i had argued and i really believed at the time and i believe something different i'm not sure we could have gotten tarp i'm not sure the republicans ever would have voted for it the last thing i'll say this isn't to justify the program or not but surprise when i go and talk to average americans and they're angry about not punishing the banks and many of them also believe we gave like seven hundred billion dollars to wall street they don't recognize that all the capital that went into the banks and in the insurance companies came back plus almost fifty billion dollars now that's not that's not justified or not justify but that's another source of confusion ben lean in here you're gonna say some well i was going to say that prior to leeman there was a wide variety of us among economists about how serious a collapse of the financial system would be for the for the broader economy and given my background studying depression i was on one end of saying no i think this is very serious within the fed sorry even within the feds.
"seven hundred billion dollars" Discussed on The Cryptoverse
"What it doesn't say is okay it's a seven hundred billion dollar military spending bit budget but how much of that is going to end up in the budget for the blockchain's stoody right doesn't actually tell you that so that headlines a little bit misleading it does say here a public did this bit in oriented says the department of defense is to investigate quote potential offensive and defensive cyber applications of blockchain's technology and other distributed database technologies close quote so let's fine bought my favorite bit i have highlighted in yellow here is as it will constitute quote an assessment of efforts by foreign powers extremist organisations m criminal networks to utilize such technologies ding ding ding and there's the opening to put obstacles in the way of blood jane adoption say that's the kind of thing 'yes i think when i read that kind of stuff reading between the lines in knowing the character of how governments behave let's just how i read that right grunted that would have to have hard evidence as a result of this scientific study when did i ever stop governments from doing what they wanted to do anyway nights never stopped them as it the results of this study should be i in about six months it says he has so we've got time to strengthen the ecosystem said that even if they do find evidence that saw him like fractional proportion of people are using blood bloodstain technology and whatnot four evil things it will be too late unaccountable brutus so that sam that's my argument i've made a few times on the show about say ninety nine point nine nine percent of the usage of bitcoin cryptocurrencies and blockchain's uh good people doing good things with it right and only zero point zero one percent of people are using it for illicit means it makes no sense to eradicate the use of bitcoin cryptocurrencies and blockchain's taking them massive amount of positive value away from ninety nine point nine nine percent just to get to that fraction of a percent who had doing begged things with it the nets.
"seven hundred billion dollars" Discussed on The World Transformed
"The thing is we don't have a clear 100 percent path to what is going to get us to reliable working nuclear fusion power generation there are there are a couple or three major ideas uh there's one model that's being worked on in europe we have a slightly different model that we looked at the us and then sometimes run board with european sometimes were going a slightly different route and then there's this kind of interesting idea that to the bussar came up with the that we've blunt about a little bit at the specialists were said well maybe this electrostatic field idea of containing at a nuclear fusion reaction is is goes right way to go point is for that kind of money for seven hundred billion dollars we could probably try a couple or three different ways of getting there and have stand a really good chance i think of getting to reliable nuclear fusion power now that one uh i think economic benefit is a bit more straightforward absolutely um you want once you have fusion power that i mean that takes care of a a host of problems doesn't mean you we would end up lowering our cars by literacy no doubt uh generated by fusion reactors and we do everything else with electricity as well because it would be the cheapest way to uh to make energy exactly i mean once once he once you've got that going that's probably how we're going to get energy from from there on most other methods of generating our gonna become obsolete at that point i throw and at that point it is you know are the path of were already on to um.
"seven hundred billion dollars" Discussed on The Jason Stapleton Program
"Austrian economists when i suggest that i don't think the best decision is to completely eliminate the deficit all at once right now we are borrowing half a half a trillion dollars a year three quarters of a trillion dollars a year and that money that were borrowing is being put into the economy and it's it's not if you think of our pool analogy the money that we taken taxes is moving water from one into the pool to the other but the money that we borrow or the money that we create were actually bringing in and dumping into our pool so if you decided that tomorrow you were going to remove six hundred seven hundred billion dollars from the economy you would have a cataclysmic a market correction that is a massive amount of money you wanna talk about layoffs a you wanna talk about the recession who were probably looking at a at a deep darker depression for several years now some people say that would be the best as thing we could do like a bandages ribbon often be done with it i'm of the opinion that if you're going to do it you should do it y the simplest way to do it is to reduce slowly over time the problem is it never happened slowly over time so the optimal choice would be to say remove one percent of the budget from every single the from every dollar that spent by government every single year so for every dollar spent by government this year.
"seven hundred billion dollars" Discussed on Pod Save America
"Paying for tasca's wealthy people with taking healthcare away from working class people that is very unpopular ends in in some of the reporting on the uh the meeting that trump abbas senate republicans dresses the bill was being delayed uh there is in that meeting some republicans express political concern about those tax cuts now just one amazing fact as i understand it about the tax cuts is it is it it the whole point the tax cut theoretically is to encourage people to invest more yet it's retroactive so you who get attacks correct view will get a tax cut for investments that you already made so it it you can go back in time it made the holding a so crazy it's it is all nothing more than an attempt to put money and retrievals pockets full stuff i mean look i i think it's corker said today that he really thinks that these tax that tax cut in particular would come out of the bill no that's not the only tax cut in the billed as a whole bunch tax in their seven hundred billion dollars worth rainer billion dollars worth but um i we just have to be prepared for that tax cut comes out of the bill republicans can't say oh well we got rid of the tax cut for the wealthy and now we've made all the substance generous and everything is fixed because everything is not fixed and the other thing they're talking about doing his ted cruz has some plan where he wants to loosen the protections for preexisting conditions meaning um you'd be able to every state would be able to sell insurance plans that had protections for preexisting conditions but also have the option of selling plans that didn't have protections for preexisting conditions so might sound nice but the problem areas everyone who's healthy who didn't need the protections for preexisting conditions would by the up plan that did not for them and they'd be cheaper and then the plans that protected preexisting conditions would be really expensive and people wouldn't be able to afford them and so would script the whole market and screw up the whole insurance bowl lead this whole thing is like it's a frankenstein mix of terrible policy and my theory as to why is.
"seven hundred billion dollars" Discussed on The Axe Files with David Axelrod
"Fourteen thousand dollars in a down payment on a mortgage that didn't go through go to cfpb dot gov and you can file a complaint you can also check out who's gotten complaints it's an open database that you can look at helping level the playing field what they wanna do is they want to take the consumer watchdog and leash it up so that's the second part and then the third part is they wanna say hey let's let's get rid of a big chunk of those regulations that are there for the biggest financial institutions remember the ones that broke the economy and it had to have you remember this right had to have a seven hundred billion dollar bailout cost the economy an estimated fourteen trillion dollars in people losing their homes their jobs their savings they want to say let's roll back those protections to where they were before the crash what could possibly go wrong you don't you just want to say to these guys are you'll for real i get that you've completely sold out the big financial institutions but you think you can go home and say to the people who elected you to come to washington that hey my big achievement for this year wished to turn lose the biggest financial institutions to let them roll over this economy and blow it up one how much how much of the could pass them soon i don't know on on the very was for all of your roads through that well i yes i think they will need sixty votes for that and dumb look were that means it's going to be harder for them to do it on the other hand they're going to pick them off where ever they can't pick off votes from the democrats this is one of those if everybody gets what's at stake here the republicans have no chance but on the other hand if everybody gets what's at stake here they never would have passed the house to begin with him.