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Gasoline on the outrage of nursing home deaths. And Elise Stefanik has been long calling for an investigation. Thats ahead. Before we get to that, President Joe Biden, the unity candidate delivering a welcome gift to emboldened progressive. Shoving his administration as far left as possible. The New York Times said here, a number of the Officials Biden selected would have fit easily into an Elizabeth Warren administration. Biden has signed Executive Orders increasing food stamp benefits, took steps to begin a 15 Federal Minimum Wage and replacing the federal fleet with electric vehicle ....
Stock market last month but it s still up around 30% from the time i got elected. it s going to go up once we settle trade issues. let s dig into that. joining me now is cnbc contributor and american enterprise institute economic policy analyst james bethkakus. it s an conservative economic think tank. you re probably a little more conservative than i in the way we look at things. what the president said indicates he doesn t have a basic understanding of markets. when a market goes down, a glitch is a technical thing. that s not a glitch. that s investors thinking that things that are going on make companies worth less money. so it s simplistic and somewhat misleading for the president to say that to people. well, yes. when you hear glitch, you think one of these like flash crashes where the market goes out in five seconds. that s not what happened. you re right. what s happened is investors ....
It will can i keep it under control i m twenty. on the hardest question there must be for imagine stock markets today imagine giant data centers with rex of computers and those computers are just blinking away every blink is a buy or sell in a matter of milliseconds and nanoseconds. this problem is this the problem is that incidents happen so quickly so-called flash crashes and a flash crash. the news sometimes reports that stocks of plummeted for no reason. that can happen so fast in this parallel machine world that the human eye can no ....
Longer keep up and enough people end up as helpless bystanders and i m johnny smith . military knowledge has entered civilian life and vice versa it was ever thus but the dividing lines between war and no war creasing lee disappearing. surveillance spying these are terms that we associate with the secret service just as much as with social media. but what happens when things get out of control as in the financial market. what happens when war machine suddenly experience flash crashes. and mistakes like this be prevented. how does artificial intelligence work anyway. yeah but i think doc ....
Complex, less stable. the likelihood of flash crashes and exchange outages has gone through the roof. so i thit it s the inl stability that s required to enjat this uns they you. you wrote about this in the book. the genesis of this goes back to the 87 crash. and this is that on crack, man. it s amazing how you ve traced it from 87 to now. and now it s at speeds nobody could have imagined. as the heros of the book who go on this kregs it s a story of the so each sort of abuse leads to what i love about this story is the market solution to the problem. no regulatory intersection is ....