Deep establishment. Is a process. You cut government spending, increased taxes in order to balance the governments books but you fail. Yes, you reduce government expenditure, but on the other tax, the economy shrinks so a reduced and your books dont balance a you cut even more. It shines even further and cut more, so it is a neverending downward spiral. Amy then six weeks after Hurricane Maria hit puerto rico, millions still lack clean Drinking Water and electricity. Just back from puerto rico, we will bring you a report from the interior where the storm has exploded the fault lines of poverty and austerity. My name is carmen. Everything here was destroyed. It is not easy to be struggling like this, doing everything by hand. There are Sick Children and elders. That is how it is here. My father vanished. He died. So that hasnt been easy for us. We are alive. We have to thank god amy all that and more, coming up. Welcome to democracy now , democracynow. Org, the war and peace report. Im
Elites benefit from global capitalism with former greek finance m minister Yanis Varoufakis. Is due book, adults in the room my battle with europes deep establishment. Is a process. You cut government spending, increased taxes in order to balance the governments books but you fail. Yes, you reduce government expenditure, but on the other tax, the economy shrinks so a reduced and your books dont balance a you cut even more. It shines even further and cut more, so it is a neverending downward spiral. Amy then six weeks after Hurricane Maria hit puerto rico, millions still lack clean Drinking Water and electricity. Just back from puerto rico, we will bring you a report from the interior where the storm has exploded t the fault lines of poverty and austerity. My name is carmen. Everything here was destroyed. It is not t easy to be strugglig like this, doing everything by hand. There are Sick Children and elders. That is how it is here. My father vanished. He died. So that hasnt been easy f
Weve been lagging in financials. They have been not really participating in this. We get any participation from that, scott, think about the momentum that could push into the marketplace. Obviously weve gotten through these earnings. Tech has a leader. They have been an absolute work horse in the market. And each and every day we seem to see it. Its not just the big fang names, its across the board all way into the Semi Conductor world, but technology itself is leading. We mentioned, joe, 2400 on the s p was a significant hurdle to get over. We closed above that and now were at 2412. The significance of that . How much momentum do you put behind that . Technical breakout, same thing that happened at 2300. Got above 2300, really never fell back again. I think youre witnessing that right here. I think whats adding fuel to it is the amount of pessimism and negativity that we had especially last week when the markets were down 300 plus that one day. There were many who went defensively. I
Gets the job done. I believe we are poised for 2017 for this to be the most Productive Congress in decades. Now, we could easily screw it up. But if we actually deliver on what we promised, i think we can have a tremendous impact. Charles on this day, the ides of march when julius sees a was famously assassinated by the roman senate. Ill start with the ladies in studio. Ask its starting to feel like something nefarious is afoot. Tammy you have a cadre of republicans who made it clear they dont like the president. They have a different view of government. Ted cruz is also not fond of the president. But within the last week he was at the white house and had a private meeting with the president. His daughters were in the oval office. Now you are hearing strong comments from senator cruz against the bill. Tea partytype people dont like paul ryan. They dont think they are suddenly on board with President Trump. The general sense is that third part of the bill of what president obama imagine
Macro to watch. Our roadmap begins with u. S. Foreign relations in the spotlight. The president meeting with merkel in washington today. Plus, the secretary of state Rex Tillerson giving a very strong warning to north korea. Then were going to move onto deregulation nation, what the current climate of deregulation means for media and telecom stocks. Shares of tiffany up on strong earnings. A Silver Lining perhaps for the luxury market. But first up, when the president meets with german chancellor merkel later this morning, trade, immigration and defense among the major issues likely to be discussed. Both leaders will hold a joint News Conference this afternoon. The Trump White House has been critical of germanys trade surplus as the u. S. Remains its single biggest export market, although the president has said nice things personally about merkel and her strength as a leader. Right. I think this is a rubber hits the road meeting because i think that we have not really seen trump in act