Risk right well that was a tool developed to manage risk but when that didnt work all the time 100 percent of the time bankers got their friends like jay powell lets look at this tweet from you are you ready for monday jay powell goes but. I get my spanish comes in handy there to know how to roll those r. s but once theyre Risk Management tools starting in 1971 the portfolio insurance crash the markets the fed came into the rescue and thats the fed puts well then weve seen since that any time that the bankers and all their huge amounts of derivatives whenever theres a problem there the fed comes to the rescue i. E. Theres a problem with distribution of risk and the supply chain of risk doesnt go away the risk is still there but it just keeps on getting deferred either into the future or to some group of suckers like you know Pension Funds risk cannot be created or destroyed its persistent within the markets and options and derivatives allow you to separate risk from reward and to trade
Nation, the president announcing that travel ban. The European Union failed to take the same precautions and restrict travel from china and other hot spots. As a result, a large number of new clusters in the United States were ceded by travelers from europe. After consulting with our top Government Health professionals i have decided to take strong but necessary reactions to protect the health and wellbeing of allmericans, to keep new cases from entering our shores, we will be suspending all travel from europe to the United States for the next 30 days the new rules will go into effect friday at midnight. David, jim, were going to talk about the president s address, the markets obviously today, but really quick, the fact that youre there and im here, just reflects the fact that the nature of work is changing, and will probably stay this way for some time to come yeah, it will, carl again, were splitting up our teams in case something happens at the nyc or here so we can obviously still
U. S. Senate while the chamber continues debate on an economic a package, negotiations are ongoing but it is possible senators could vote as early as monday on the deal. Live to the senate here on cspan2. The presiding officer the senate will come to order. The chaplain dr. Barry black will lead the senate in prayer. The chaplain let us pray. Eternal lord, you are worthy of our praise. Save us from the forces that threaten our nation and world. Lord, inspire our lawmakers even though the earth seems to tremble and the mountains seem to shake. May our senators always embrace your divine principles and live blameless lives. Give them the wisdom to labor with integrity and to seek your divine approval. Illuminate the darkness that inevitably comes and lead them to your desired destination. Empower us all almighty god, with a faith that will keep us surefooted even in slippery places. We pray in your great name. Amen. The presiding officer please join me in reciting the pledge of allegianc
Bless each and every one of us. It. It been so interesting talking to our tennesseans and as they have faced the issues that we have with coronavirus. What is happening, and the mother response to it in how we are going to fight, were going to win this war. We are going to defeat this. We have to look at it as hard health and food and Financial Assistance and a couple of my tennesseans last night, as we were talking and discussing this, whether thoughts of their questions to me went to is the relationship that we have with china. And how can we trust that we know what china new, that we know when they knew it and their lack of transparency around what is happened with covid19. As weve gotten a couple of months past the start of this, really these questions are unanswered. And how do we tell our tennesseans on the phone last night, even as this virus it came out of wuhan china, they had in december and it has now touched Six Continents and we know that people dealing with containment, t
A couple of my tennesseans last night as we were talking and discussing this, what their thoughts and their questions to me went to is the relationship that we have with china, and how can we trust that we know what china knew, that we know when they knew it, and their lack of transparency around what happened with covid19. Now as weve gotten a couple of months past the start of this, really these questions are unanswered. And as i was telling our tennesseans on the phone last night, even as this virus that came out of wuhan, china, they had it in december, it has now touched six continents, and we know that people are dealing with containment, theyre dealing with mitigation, theyre dealing with having, going through the process of getting the antivirals, getting the vaccines that are necessary to deal with covid19. And the questions that people have around this are compounded by the growing realization of how china has chosen not to be honest and not to be transparent in their dealing