The frontier into the certain attributes of american identity. Its been the ability and the luxury to use expansion which was built into well before the frontier when it became the symbol of expansion it was foundational to the u. S. Identity and no other nation has been so able to organize its domestic politics through both the expansion and increasingly the mythology of expansion being able to point to the frontier and say respond to social problems and social demands with a promise of limitless for endless growth and these were some of the foundational premises of the Founding Fathers from the beginning. Thomas jefferson and the very First Political track three years before the declaration of independence and the right to move into the right to migrate west wasnt just a natural right that the condition of all natural rights that allowed the ancestors to escape germany as it was comfortabl consular datio the British Isles to the atlantic to of course the new world and it was the abil
Seem first, welcome to the program, thank you for joining us. It does seem to be a bit of a monday. What does that 02 . Why does the investor looking to buy risk assets question mark james assets . James the fall to 2 is encouraging people to take extra risks, on the basis that they cannot find adequate return and fixed increase interest. So they are having return free risk rather than risk free return. Matt why does it make sense to buy u. S. Assets right now . If i look at the wei on my bloomberg to see the moves in equities, the big drops that we have seen in europe to date are astounding. 25 is the year to date drop. 8. 5 . P 500 is down it looks like investors will continue to bid up u. S. Assets, why . James if we look at prior periods where we have low real yield, we see higher valuations of good quality companies. In previous growth bubbles we have seen priceearnings move between 45 and 65 and adjusted 31 times. People would say isnt that really very low . Rates,s very low cash
When the adp is released for last month. Take a look, tripledigit gain right out of the gate. The s p is up 15 and the nasdaq higher by 39. The easing of lockdowns raising hopes of economic recovery and fueling markets again yesterday, s p 500 and nasdaq up 3 days in a row with dow up 267 points at 4 00 oclock on wall street yesterday. Mark zuckerberg defends leaving President Trumps posts up. Investigating the origins of the russia probe, Rod Rosenstein testifying before the senate today, he approved the third and final fisa renewal to surveil carter page. Mornings with maria is live right now. Global markets this morning with a firmer today. Take a look at indices. Cac quarante in paris 89 and as lockdowns ease up encouraging nine the euro zone meanwhile. Take a look at euro zone purchasing Managers Index up from 12 in april to 30. 5 in the month of may, thats certainly what was one of the fuels for this market rally in europe this morning. South korea announcing additional 29 billio
Meeting. Very good, Board Members. Weve been supplied with the minutes and i will ask first, is there anyone from the public who wishes to comment on our april 7th minutes . For members of the public who are watching this meeting via sfg tv from april 7th, please call 888 8086929 and then code 9961164 and then finally 10. Mr. Moderator, yo if you would let us know if there are members of the public who wish to address the board. Operator to summon each question press 1 and then 0. It looks like no members of the public dialing in at thisman. This minute. So we will close Public Comment. Well close Public Comment on item 4 and ill entertain a motion to approve the minutes. So moved. I heard two and would you please call the role. role call . Mr. Chair, you have a unanimous vote. Very good. On communications, well provide overview as to why were doing things this way and ill be more brief than i was last time, but due to the covid19 Health Emergency and given the Public Health recommenda
Major peers. Cofounder sewing softbank for reneging on a 3 billion deal. Shery take a look at how markets are trading at the moment. We are seeing upside for u. S. Futures, kind of flat right now, paring back some of those earlier gains that were already adding to the rally we saw late in the session in the u. S. But paring back some of those gains. Kiwi stocks gaining for a second session. Sydney futures higher by. 3 percent. As we head towards the rba Monetary Policy decision, not much change expected there although we are hearing from the treasurer that we could see a deep contraction this quarter. We are seeing crude gaining ground, extending gains above 21 a barrel as we see u. S. Build now slowing. The push to reopen state economies is clouding efforts to predict the official told from the coronavirus p he has ramped up his death production. Coronavirus. He has ramped up his death projections. Greg sullivan joins us now. President trump still pushing for the reopening of some sta