Gdp to be negative this the First Quarter of 2021. It is friday before a holiday week 59 minutes left in the session down a quarter of a percent on the s p 500. No gobbledy gook coming up for the next two hours here either. Coming up on this show, instead we are going to dive into the latest on the coronavirus and pfizers push to get emergency use authorization for its vaccine with the fda commissioner and pfizer board member dr. Scott gottlieb. Plus, new york city shutting st. Louis down the head of the Teachers Union in new york will be here to weigh in. Lets check on futures mike santoli tracking the margaret as always meg tirrell with the latest on pfizers vaccine and bertha comes has the latest on what President Trump just announced. Mike santoli, lets start with you. Not disturbed so far by the news last night about the treasury pulling the funds from the fed. If you look at the pattern here, it is about a flat week as well. Trading just below the highs we hit on monday. Before t
Experiencing unprecedented declines in activity. Although the remains considerable uncertainty about the economy, we know that the Banking System has served as a source of strength throughout this period. They have supported their customers and committees by pppinating 500 million in loans. The Banking Systems ability to support the economy reflects the Industries Strong capital and liquidity position. In the Second Quarter of 2020, Equity Capital increased to more than 2. 1 trillion, which 13. 4 . Ted to highervels were slightly than the quarter preceding the pandemic. Taken meaningful action to provide banks while maintaining safety and soundness. I will provide an update in five areas in which we have made significant progress. Supporting communities in need, encouraging outstanding loan making. I would like to briefly touch on each of those, starting with our response to the Economic Risks related to covid19. We undertook a series of actions that helped maintain stability in financ
Let it be an arms race in this on off and spearing Dramatic Development only really im going to resist i dont see how that strategy will be successful very critical time to sit down and talk. In critiquing the system we of course we need to to criticize also the power of the companies and we need to criticize what corporate lawyers do but we also need to point our fingers at the states and have we have to really say look. States created the systems and states have the power to get rid of the system thats and even if they are colombia or peru or developing countries even if they are mali and what have you the states have the power to get rid of the system if they choose to do so. But do they really want to governments and big business are often complicit. In the Vattenfall Group for example had the chancellors ear she even appointed its x e e o last just of sin to be her personal advisor on energy transition. Most heads of state are ambivalent. Not even you dont consider the fast and th
Go ahead. Well i think its the last point that i am really interested in its do we want to fight racism and of course the answer to most of us is yes but to fight racism you have to understand where does racism come from whats the cause of racism these symbols of an exploiting society do of course represent the fact that it is an exploitative society what that reminds us is this society is not our society its run it is made up of run by and for a tiny exploiting class and of course they heroes are the ones who are celebrated in the culture that they call ours which is really this and of course for the mass of the workers and exploited around the world these people are not heroes ok but its a reminder of a material reality that we live in a world of exploiters and exploited and that is what is the cause of racism racism comes from the need to divide workers against one another it comes from the need of the imperialists in particular to justify their walls and their colonial conquests on
Not get a pretty tiny little lonia block the signing of the Free Trade Agreement with canada thanks to paul men yet its minister president. 3. 5000000 loons blocked a treaty concerning 500000000 europeans a smooth european entity defies the great liberal euro its truly david against goliath. And beautiful to. Come all of us face that one jesus was going to ask for id a figure from well big. Deal as good of our federal partners on his own he did previous 17 us are not. As good vestry of big as you would get us big too quick i dont see or be asked of a desire because prevailed in norwalk sickness or dont want to sign it just. Is original for the sources on those im going to join it is only covered folks at this sort of distress to me as it. That exam i was. Very set up chris said dont fix it its all there are. To attract Foreign Investors your a promise canada that it would integrate the International Arbitration system called. Into the treaty. The cornerstone of the system is the deterr