The Fed's doom-and-gloom forecasts had us all spooked last year, but it turns out they were the ones who got spooked! Productivity soared to a impressive 2.6%, smashing the expected 1.8% growth potential! Kudos to the workers who proved the naysayers wrong! Looks like we might be better off without the Fed's gloomy predictions after all
Absolutely! Rising productivity is a win-win for the economy, as it enables faster growth without fueling inflation, all while maintaining costs. It's a sweet spot that policymakers love to see!
I am indifferent; I haven't recovered since my portfolio declined in 2022. I have $100k to invest in the markets. Which sectors or assets do you believe will sustain the rally to reach new all-time highs?
It's important to remember that the markets and the real economy operate on different timelines. While rate cuts may boost the markets, their impact on the real economy takes time. I'm cautious about timing my moves, and I always consult my broker, as I have since 2022. Thanks to their expertise and Monica's skilled management of my hedge fund, I've enjoyed a impressive 140% gain in my portfolio!
140% is a great deal, amidst this crisis? I fell short of my mortgage and had to foreclose the property. Who is this broker you use and are they accessible or it is private?
Easy to say but when one fails, they can’t pay their creditors and then they can’t pay their creditors and so on until before long you have a worldwide Depression. It’s a lot more complex and a whole lot less damaging, not to mention less expensive than not bailing out a relatively small bank and it didn’t cost taxpayers a dime.
@@timx9661 Agree 100%. The financial system has no value bc of the shell it has become. Everyone is working for no real value priced in printed dollars which makes it very difficult to keep up. It needs to be overhauled with real value and the debt markets needs to stop being manipulated.
@@timx9661 Depends on the debt arrangement. Even with "historically" low rates it doesn't matter based on increased total borrower debt load and high asset valuations. I'll take 18% loan all day if I'm able to pay the principle quickly (which is not the case in today's debt market). There is no reason to work if there's no juice left in the squeeze. A lot of businesses are starting to go through this and middle class just decided to not work (bc of this) and has resulted in it's dissolution. The money/currency has to have tangible value. The rest falls into place. I pay cash for everything now which wasn't so smart from 2008-2020. Otherwise it's not worth the 6.5-7.5% risk on the money with no juice left on the investment/asset. The time of the worker/investor can't be paid in printed dollars. Has to be tangible and non-devaluating. It'll be interesting to see non-labor force participants in the future. If there's no value in people's time I expect it to continue to rise. Fortunately not having debt has made my credit ability very attractive. The problem is if I take debt out for a larger project is it worth the effort and return. Everything I've looked at so far the answer is no. There is no reward for the risk. I'll stick weighted to 5-5.4% treasuries at this time.
Fascinating! I generally respect Becky so it is weird to see her reflexively and almost frantically defending Powell like this. Warren is irritating but she is no fool. It is completely proper for her to formally question Powell on this matter. Becky would benefit from a little more patience, humility, and simply allowing space for her guest to speak (even when the guest pushes her buttons).
Actually the senator lady was rude asf and said nothing that was actually definitive, nor did she seem to have any solutions, just more finger-pointing bs.
Reasonable people using rational logical thinking can objectively view facts without conflating them with obviously biased views. Warren consistently attacks Powell in those hearings and never takes a wholistic view, always pandering to her base instead of considering all the facts. Rebecca had the same questions I did because she is simply looking at the facts, and had an impressive amount of patience with Warren and the inaccurate representation of the facts she was spewing. She and representatives like her in congress, regardless of political affiliation, are why Americans are fed up with our politicians.
I saw this interview live this morning. The producers should be fired. Becky who leans left was so frustrated with Warren, that Becky’s face showed why many moderate lefts and starting to lean right.
She is right.....the Fed is suppose to in a way regulate banks and safeguard the economy. He is not suppose to take directives from the banks. Actually the tax payer does bail them out if you follow the money. I think the host talking over the guest is a bad look.
safeguard the economy... I wonder why the FDIC is not part of the Federal Reserve then.. The FED is not part of the USG and is not funded by the USG. But the USG insures our deposits. And there is only so much the FED can do to safeguard the economy because of USG spending and bottomless money pit... Question: Who bailed out the banks in 2008? It was TARP and congress. Not the FED.. Isn't that Bizzare???
Another unqualified person agreeing with Warren. Powell is one of the true patriots working in government nowadays. Too many in Congress trying to get reelected and play games. Powell is just doing his job.
No, remember the Feds job is strictly defined on two primary mandates. Jay cannot cover for the risks of the guidance he provides after the voting. He guides the national macro economy so he cannot get tasked w fixing the day to day operation because the regulator and the operator should stay independently segregated.
You might not like Senator Warren, but I think she’s right here. When rich people, like big bank executives, take risks and fail it’s the middle class taxpayers that bail them out. It’s how the system is designed. When banks rake in record profits they have plenty of tax professionals to make sure they don’t pay their fair share. The system is completely broken and it’s not a Democrat or Republican problem. The problem is us: you and me.
She can’t balance a budget! What are you talking about?! She’s not right on anything just on that fact alone. She’s a waste of oxygen like the 99 others
Also fascinating how the host basically plays defense for the biggest and most powerful handful of banks. Just goes to show how much of a grip they have over the system.
@@DG-2323 Also fascinating how that politician basically plays defense for the biggest and most powerful DNC lobbyists and here reelection donation coffers. Just goes to show how much of a grip they have over the system.
The problem is when someone like the senator is so obviously out of their depth, they are unable to listen or process real information, in real time, and generate a reply. An A.I. bot could navigate a conversation with better logical progression than that government official did there.
Is the interviewer actually claiming that federal government did not bail out the banking system in 2008 on the back of the American tax payer? Really?
@@christiancoronado You are CORRECT, no need to apologies. COMPOSING Congress are the House of Representatives and the Senate. NEVER apologies when idiots try and correct true statement of facts.
becky was asking many of the same questions that i had, as the senator was rambling. i don't know if waiting for the senator to finish rambling, and then putting her on the spot would have been a better way to manage this interview. i'm not an interviewer, and i'm not a presenter, and i'm not on the clock, responsible for making the program go. at any rate the questions and comments were great, but unfortunately the result was the senator kind-of getting away with just making her speech without getting put on the spot.
It seems pretty simple to me. We had a giant bank collapse and bailout in '08. Because that happened, we need to have higher capital requirements in place. If we never had a bank collapse and bailout, THEN they would have an argument that higher capital requirements are unnecessary. But we did.
The issue is that Sen. Warren cannot answer a question without it turning into a speach. In 8:50 seconds worth of dialogue, Sen Warren repeated her 2 minute speach three times. As Becky was trying to point out, the largest banks were required to take ballout money by then Chair Bernanke so that no bank could be seen as needing the money as that would devulge who was having financial issues. Those big banks paid back the money right away as they didn't need it. Becky is correct. Unfortunately I think a number of opportunities were waisted because Sen Warren had to be on her 2 min soapbox and we could have gotten more from this interview if Sen Warren just answer the questions allowing the interview to provide more insight around the topic.
Let's be honest, BQ was lying through her teeth when she said big banks on their own bailed out the smaller bank failures in 2023. BQ knows (or at least should) the FED announced the Bank Term Funding Program which gave banks cash against their long-term treasuries/debt/securities as collateral by treating those securities as par regardless its duration.
@@TempoPrimo2023 I know economics and finance. Warren just wants her puppet to enact her socialist agenda and stop Powell from doing the responsible thing. Morons will defend their ignorance by calling someone else an arrogant know-it-all but the facts are that you don't know what you're talking about and should just leave it up to those that do.
I'll never forget Lloyd Blankfein making them look like fools, testifying before congress during the financial crisis. Squinting his eyes, cocking his head like a beagle, as if what they were saying made no sense whatsoever, hillarious!
@@KK-pm7ud they set interest rates where banks want them. they tell the government when the banks need a bailout. they issue currency unconstitutionally. they're a private bank with a very public sounding name that the banks use to get their shareholders insanely rich. like if all the cartels in mexico started a jointly owned cartel to control powdered sugar prices. except with debt. they determine the price of money. and they have since day one in 1913... always done exactly what wall street wants.
Seen this movie before. Government officials colluding with banks in the interest of the banking industry. Need to elect candidates who don’t accept corporate PAC money in stopping or slowing this cycle of corruption and conflicts of interests in politics.
If 99% people are wealthier, will their country rise to be the leader of Happiness and Healthiest nation ? We wonder why NO GOVERNMENTS want that for their people? Why ?
Becky’s argument that making banks actually hold a tiny fraction of the deposits they receive would make them less competitive to other countries is pretty hilarious. She’s saying they should have essentially 0 reserves yet they will tell the general public it’s important to have “an emergency fund”
Maybe she should write a letter to Powell. OH WAIT! That's what inspired the entire interview. Not assuming anyone is corrupt, just demanding an explanation. Which is a proper function of a Senator.
@@quartzimaging I don't believe he's godlike. He's obviously not because he had to capitulate to Trump's demands for zero interest rates. But Powell is doing what he can within his area of control to keep the US from falling into a dire situation while Warren and her MMT morons are trying their best to bankrupt the country. If Powell were godlike, interest rates would already be double digits.
@@quartzimaging the federal reserve is literally owned by banks. banks own america. the banks put jesus on the cross too. how so few of you ever manage to connect all the dots baffles me. im baffled. very baffled.
@@timx9661 I like to watch business shows not political partisans politics on either side. I will talk business with you but if you want to talk politics find someone else. Have a good day.
The host talks over and disrespects the Senator who is doing her job--trying to avoid what every critic complains about when banks outrun their resources and tap into public funds.
That isn't what Dimon was doing. The problem is with the Senator and her misguided colleagues. Powell is actually trying to clean up the mess made by Congress and the Executive during COVID and after. Warren is an insincere politician trying to get her agenda served.
She has to talk to sen. Warren with the same respect as she did it with Munger and Buffett. I don’t understand why she didn’t. It’s a bit of a disappointment
Becky I love listening to you, but you let senator 8:49 Warren run the interview, shame on you. You should have told her to simplify her answers instead of letting her ramble. I actually wanted to hear your rebuttal but she over ran you!
Researching middle class finances and bankruptcy since 70's and presenting to congress the bank's role in it since 90's has basically been her entire career.
@@EwWhoIsTHAT She understands consumer protections; not banking. It's dangerous to allow her to attack Powell like this. And even more dangerous that people like you don't know enough about the subject that you blindly follow her down this road of misguided intentions and ignorance.
Lol, Becky Quick is doing her main job as a CNBC anchor here: Desperately defending the super-wealthy and the status quo. She even makes Elizabeth Warren look reasonable.
The language Warren uses is purposely abstract to make you think she wants banks to hold actual cash reserves to make them safer. The definition of liquid capital includes holding government bonds. Given her constant criticism of any easing of the dodd frank requirements, it's clear she's advocating private banks be required to hold more reserves in government bonds. Yet, the bond market is exactly what has currently blown up, which I think is what Rebecca is trying to point out. The biggest risk to the US bond market is the unreal level of deficit spending being carried out by the current administration where Warren is a key member. It's no wonder why banks don't want to be on the hook for bailing out the US government while foreign governments sell off their US bonds. If Warren would advocate for getting her own fiscal house in order, this interview probably wouldn't be necessary. Instead she wants you, the viewer, to remember how bad things were when banks didn't hold as many treasuries. But that was a time when interest rates were declining. Are you really sure that money is safer with the US government?
Disingenuous much? You lost me at " The biggest risk to the US bond market is the unreal level of deficit spending being carried out by the current administration where Warren is a key member." The spending you and BQ are crying about was incurred when 45 dismantled a pandemic playbook to the extent that interest rates had to be dropped to zero again and stimulus was given to corporations and much, much smaller portions to US citizens. The "current administration" had to clean up 45s $h%t in the bed by providing effective stimulus to citizens who actually used it to spur the economy. I find it fascinating guys like you are so EFFING dishonest because when the GOP has power, spending be damned. But the minute a Dem had to take up the mantles to fix all their F#^K-ups, you clowns are worried about the deficit.
The problem that this interview is not covering is the Fed feels it needs the cooperation of banks to function and the Fed doesn't feel it has the power it needs so it needs to perform coercion to do it's job. The government should always be asking questions and listening but never asking for support. If you are not a political body act like one.
Senator Warren is mad that powell has not reduced the rates, she wouldn't mind lax capital requirements as long as fed keeps printing money to buy treasuries.
She seems very knowledgeable prob because she understands world markets from trading stocks and following the big money for her own trades. Shes right with her points from community loaning and so on. And banks should have a reserve if i was a loan shark i would have to have collateral for the loans i give, we arnt allowed to loan shark like banks are so they need to be the responsible ones because they hold publics money
@@eco-enjoyer she has information that can help make decisions on stock trades before anyone else...i mean its like insider trading...follow all her public available trades...she buys at the right time and sells at the highs every time
Wait… JPMorgan Chase bought a big, failing bank??? Someone PLEASE explain how JPMorgan isn’t a big, giant bank, and how Warren isn’t their biggest lobbyist?
I used to like Warren and thought she was a person of principle. Also thought she was intelligent and sincere. Now she's just another politician trying to grab control over something she unqualified to have responsibility for.
Do Not Trust Politicians And Play Politic Either On The Stock Market As An Investor. This Is Free Market And Freedom USA🇺🇸 With Love. Sincerely ❤️❤️❤️, KNT.
People forgot credit suisse disaster. Ahh senator unlock my mind who must be keep buying in the market continuesly. Its very interesting conversation and knowledgeable
When first republic went under I lost every dollar . It would be nice if chase had to give me some shares . The market is not nice for folks that don’t do the homework.
The Fed's doom-and-gloom forecasts had us all spooked last year, but it turns out they were the ones who got spooked! Productivity soared to a impressive 2.6%, smashing the expected 1.8% growth potential! Kudos to the workers who proved the naysayers wrong! Looks like we might be better off without the Fed's gloomy predictions after all
Absolutely! Rising productivity is a win-win for the economy, as it enables faster growth without fueling inflation, all while maintaining costs. It's a sweet spot that policymakers love to see!
Wars and inflationary pressures are growing to the decline of the economy, using our tax dollars to fund this madness.
I am indifferent; I haven't recovered since my portfolio declined in 2022. I have $100k to invest in the markets. Which sectors or assets do you believe will sustain the rally to reach new all-time highs?
It's important to remember that the markets and the real economy operate on different timelines. While rate cuts may boost the markets, their impact on the real economy takes time. I'm cautious about timing my moves, and I always consult my broker, as I have since 2022. Thanks to their expertise and Monica's skilled management of my hedge fund, I've enjoyed a impressive 140% gain in my portfolio!
140% is a great deal, amidst this crisis? I fell short of my mortgage and had to foreclose the property. Who is this broker you use and are they accessible or it is private?
As a conservative I agree with her. I’m done bailing anyone out.
Easy to say but when one fails, they can’t pay their creditors and then they can’t pay their creditors and so on until before long you have a worldwide Depression. It’s a lot more complex and a whole lot less damaging, not to mention less expensive than not bailing out a relatively small bank and it didn’t cost taxpayers a dime.
@@timx9661 Agree 100%. The financial system has no value bc of the shell it has become. Everyone is working for no real value priced in printed dollars which makes it very difficult to keep up. It needs to be overhauled with real value and the debt markets needs to stop being manipulated.
@@cdf2024it has tremendous value, unless you think paying cash for a home or a car or a payroll or a factory would benefit mankind.
@@timx9661 Depends on the debt arrangement. Even with "historically" low rates it doesn't matter based on increased total borrower debt load and high asset valuations. I'll take 18% loan all day if I'm able to pay the principle quickly (which is not the case in today's debt market). There is no reason to work if there's no juice left in the squeeze. A lot of businesses are starting to go through this and middle class just decided to not work (bc of this) and has resulted in it's dissolution. The money/currency has to have tangible value. The rest falls into place. I pay cash for everything now which wasn't so smart from 2008-2020. Otherwise it's not worth the 6.5-7.5% risk on the money with no juice left on the investment/asset. The time of the worker/investor can't be paid in printed dollars. Has to be tangible and non-devaluating. It'll be interesting to see non-labor force participants in the future. If there's no value in people's time I expect it to continue to rise. Fortunately not having debt has made my credit ability very attractive. The problem is if I take debt out for a larger project is it worth the effort and return. Everything I've looked at so far the answer is no. There is no reward for the risk. I'll stick weighted to 5-5.4% treasuries at this time.
Libs redefined bailouts. They even redefined bank.
CNBC is really worried about the honor Jerome Powell
Fascinating! I generally respect Becky so it is weird to see her reflexively and almost frantically defending Powell like this. Warren is irritating but she is no fool. It is completely proper for her to formally question Powell on this matter. Becky would benefit from a little more patience, humility, and simply allowing space for her guest to speak (even when the guest pushes her buttons).
Actually the senator lady was rude asf and said nothing that was actually definitive, nor did she seem to have any solutions, just more finger-pointing bs.
@@Emperor-Of-Elba ACTUALLY you sound like a dimwit
Elizabeth Warren is gaslighting for political points
The host is doing her best to not let her say anything bad about sweet papa Jerome
Reasonable people using rational logical thinking can objectively view facts without conflating them with obviously biased views. Warren consistently attacks Powell in those hearings and never takes a wholistic view, always pandering to her base instead of considering all the facts. Rebecca had the same questions I did because she is simply looking at the facts, and had an impressive amount of patience with Warren and the inaccurate representation of the facts she was spewing. She and representatives like her in congress, regardless of political affiliation, are why Americans are fed up with our politicians.
lol banks don't need bailouts the American people do.
CNBC did a good job making Warren likable
CNN reporter seems under the lobby of big Banks. What Senator Warren propose is pretty good and makes the system stronger.
lol
It ultimately comes down to the tax payer duh.
CNN reporter ???
You just lost all claim on IQ, observation and opinion making with that statement.
CNBC
I saw this interview live this morning. The producers should be fired. Becky who leans left was so frustrated with Warren, that Becky’s face showed why many moderate lefts and starting to lean right.
Senator Warren is right. This host should not interrupt the Senator. The SEC should break up the big banks. Too big to fail is a fail.
did she fly in with her private jet
Becky probably did.
Private jet bought with money from big banks. Warren was always on their side just pretending the she cares about little guy
@@BradgilliswhammymanBecky NOT a Senator.
@@timx9661 Becky in Japan with Warren Buffett, I doubt BQ flew commercial, fan-boi.
She is right.....the Fed is suppose to in a way regulate banks and safeguard the economy. He is not suppose to take directives from the banks. Actually the tax payer does bail them out if you follow the money. I think the host talking over the guest is a bad look.
safeguard the economy... I wonder why the FDIC is not part of the Federal Reserve then.. The FED is not part of the USG and is not funded by the USG. But the USG insures our deposits. And there is only so much the FED can do to safeguard the economy because of USG spending and bottomless money pit... Question: Who bailed out the banks in 2008? It was TARP and congress. Not the FED.. Isn't that Bizzare???
5 of the FOMC voting members are appointed by the banks so they actually are supposed to take directives from them...
Another unqualified person agreeing with Warren. Powell is one of the true patriots working in government nowadays. Too many in Congress trying to get reelected and play games. Powell is just doing his job.
No, remember the Feds job is strictly defined on two primary mandates. Jay cannot cover for the risks of the guidance he provides after the voting. He guides the national macro economy so he cannot get tasked w fixing the day to day operation because the regulator and the operator should stay independently segregated.
You might not like Senator Warren, but I think she’s right here. When rich people, like big bank executives, take risks and fail it’s the middle class taxpayers that bail them out. It’s how the system is designed. When banks rake in record profits they have plenty of tax professionals to make sure they don’t pay their fair share. The system is completely broken and it’s not a Democrat or Republican problem. The problem is us: you and me.
She can’t balance a budget! What are you talking about?! She’s not right on anything just on that fact alone. She’s a waste of oxygen like the 99 others
Also fascinating how the host basically plays defense for the biggest and most powerful handful of banks. Just goes to show how much of a grip they have over the system.
@@DG-2323 Also fascinating how that politician basically plays defense for the biggest and most powerful DNC lobbyists and here reelection donation coffers. Just goes to show how much of a grip they have over the system.
@@DG-2323 cnbc always does that. They often edit and cut parts of interviews out too before they post them to UA-cam
The problem is when someone like the senator is so obviously out of their depth, they are unable to listen or process real information, in real time, and generate a reply.
An A.I. bot could navigate a conversation with better logical progression than that government official did there.
Is the interviewer actually claiming that federal government did not bail out the banking system in 2008 on the back of the American tax payer? Really?
No thats not what she said at all. Did you not watch the interview?
In this context, I agree with Sen. Warren.
Why?
The problem is that she is still in Congress
Uh, you mean the Senate?
@@Willfully_Ignorant Both Senate and House are considered part of Congress.
@Willfully_Ignorant yeah, the senate
@@christiancoronado You are CORRECT, no need to apologies.
COMPOSING Congress are the House of Representatives and the Senate.
NEVER apologies when idiots try and correct true statement of facts.
@@Willfully_Ignorant Uh you mean you are wrong - BOTH the Senate and House of Representative are part of CONGESS.
Please apologize
becky was asking many of the same questions that i had, as the senator was rambling.
i don't know if waiting for the senator to finish rambling, and then putting her on the spot would have been a better way to manage this interview. i'm not an interviewer, and i'm not a presenter, and i'm not on the clock, responsible for making the program go.
at any rate the questions and comments were great, but unfortunately the result was the senator kind-of getting away with just making her speech without getting put on the spot.
It seems pretty simple to me. We had a giant bank collapse and bailout in '08. Because that happened, we need to have higher capital requirements in place. If we never had a bank collapse and bailout, THEN they would have an argument that higher capital requirements are unnecessary. But we did.
Woke Gaslighting, Before this interview I had a lot more respect for that Senator.
Me too
you can't interrupt warren because its not in her script
Becky is so sharp. Schools Warren and shows shes way smarter than the congresswoman
Credit to Becky for asking good questions
We need it
Support John Deaton, get Warren out of there.
this is why the fed is independent from politicians 😆
literally if Biden was Fed chair he would have left interest rate at 0% and inflation will be double digits
Privatize the gains, Socialize the losses
The issue is that Sen. Warren cannot answer a question without it turning into a speach. In 8:50 seconds worth of dialogue, Sen Warren repeated her 2 minute speach three times. As Becky was trying to point out, the largest banks were required to take ballout money by then Chair Bernanke so that no bank could be seen as needing the money as that would devulge who was having financial issues. Those big banks paid back the money right away as they didn't need it. Becky is correct. Unfortunately I think a number of opportunities were waisted because Sen Warren had to be on her 2 min soapbox and we could have gotten more from this interview if Sen Warren just answer the questions allowing the interview to provide more insight around the topic.
Clearly Warren has an agenda and doesn't want Powell to do his job
Let's be honest, BQ was lying through her teeth when she said big banks on their own bailed out the smaller bank failures in 2023. BQ knows (or at least should) the FED announced the Bank Term Funding Program which gave banks cash against their long-term treasuries/debt/securities as collateral by treating those securities as par regardless its duration.
@@TempoPrimo2023 You don't understand how that works
@@KK-pm7ud Project much. It's telling when a supposed know-it-all tells others "you don't know what you're talking about."
@@TempoPrimo2023 I know economics and finance. Warren just wants her puppet to enact her socialist agenda and stop Powell from doing the responsible thing. Morons will defend their ignorance by calling someone else an arrogant know-it-all but the facts are that you don't know what you're talking about and should just leave it up to those that do.
Blame Powell not your spending problem
This is a convo about the banks spending issues (do you remember the bailout?) not the individuals issues. That's a whole different can of worms.
Yeah right, but when the bankers are in front of her in Senate hearings.....it's all softball questions. She doesn't have the balls to oppose Dimon
I'll never forget Lloyd Blankfein making them look like fools, testifying before congress during the financial crisis. Squinting his eyes, cocking his head like a beagle, as if what they were saying made no sense whatsoever, hillarious!
Well said senator make big banks accountable
You have no idea what you are writing
@@KK-pm7ud and you have no idea what the fed does
@@hadtosaythis And what do they do?
@@KK-pm7ud they set interest rates where banks want them. they tell the government when the banks need a bailout. they issue currency unconstitutionally. they're a private bank with a very public sounding name that the banks use to get their shareholders insanely rich.
like if all the cartels in mexico started a jointly owned cartel to control powdered sugar prices.
except with debt.
they determine the price of money. and they have since day one in 1913... always done exactly what wall street wants.
Not a democrat. But for once I agree with her
Ms. Warren is a brilliant , fair minded , senator who exemplifies public service.
You’re clearly joking. Anyone that would honestly think that is a closed minded simpleton 😂
Love to see her sitting in the hot seat and Powell grilling her on her job performance!
If one calls the big banks “gambling” with money, what does one call what the USA’s does with the people’s money?
Exactly! She’s a big government lifer dunce
Stealing
It's called infrastructure, dummy.
Have to admire Senator Warren’s persistence. She is is RELENTLESS in representing doing the right thing to by “the little guy” in this country 👏 👏 👏 I
She f’d the little guy on Bitcoin.
Seen this movie before. Government officials colluding with banks in the interest of the banking industry. Need to elect candidates who don’t accept corporate PAC money in stopping or slowing this cycle of corruption and conflicts of interests in politics.
We need to make it illegal to take outside funding
If 99% people are wealthier, will their country rise to be the leader of Happiness and Healthiest nation ? We wonder why NO GOVERNMENTS want that for their people? Why ?
I used to think that she was a champion for the people now she just seems kinda crazy.
Becky Quick needs to run for a Senate Seat, she could school Senator Warren!
BITCOIN OR GO DOWN WITH THE SHIP 🚢
Becky’s argument that making banks actually hold a tiny fraction of the deposits they receive would make them less competitive to other countries is pretty hilarious. She’s saying they should have essentially 0 reserves yet they will tell the general public it’s important to have “an emergency fund”
cuz nobody is bailing us out
This host is rude and appears unintelligent. Warren knows this stuff and is absolutely correct here.
Good Job Becky.
Your looks were worth a million bucks.
LOL, Becky isn't going to f*$k you regardless of how much you sit here and fan-boi for her.
Senator Warren assumes Jay Powell is corrupt. Maybe she should talk to and listen to others versus talking over others.
Maybe she should write a letter to Powell. OH WAIT! That's what inspired the entire interview. Not assuming anyone is corrupt, just demanding an explanation. Which is a proper function of a Senator.
@@quartzimagingIt's not Powell's job to answer Warren's dumb questions put forth to score political points.
@@KK-pm7ud You and Becky may think Powell is some sort of godlike potentate but he is not. He answers to the people and representatives who hired him.
@@quartzimaging I don't believe he's godlike. He's obviously not because he had to capitulate to Trump's demands for zero interest rates. But Powell is doing what he can within his area of control to keep the US from falling into a dire situation while Warren and her MMT morons are trying their best to bankrupt the country. If Powell were godlike, interest rates would already be double digits.
@@quartzimaging the federal reserve is literally owned by banks. banks own america. the banks put jesus on the cross too. how so few of you ever manage to connect all the dots baffles me. im baffled. very baffled.
John Deaton for Senate
Never seen Joe not talk over a guest until Senator Warren. He couldn’t talk over the Senator. A refreshing segment for a change.
You like your politicians unchallenged. You make a fine stooge.
@@timx9661 I like to watch business shows not political partisans politics on either side. I will talk business with you but if you want to talk politics find someone else. Have a good day.
The speed of Cyberopolis's transactions is a game-changer.
It's incredibly frustrating to see CNBC interviewers consistently talking over their guests across all their programs.
Warren is 100% right
Basic manner. Don’t talk over another person when she’s answering your question. Take turns. Even kindergarteners know that.
Cyberopolis's market entry timing couldn't be better.
Thank you Becky
it literally is jerome powells only job though.
if you made it to 4:30 you can clearly see she doesn't want to acknowledge facts. She keeps cutting her off
Elizabeth “No I will not give you the time to talk” Warren 🙄😒
The woman who knew too little
Stop cutting people when others are speaking
Warren doesnt know what she is talking about!!
Neither did Becky.
Yeah and that was under Democrat policy to bail in the banks out
Let’s not compare this to the Great Recession- What!! Absolutely do that, it should be front of mind.
Nonsense.
If she was in charge inflation would be over 10% with what she wanted to do
The host talks over and disrespects the Senator who is doing her job--trying to avoid what every critic complains about when banks outrun their resources and tap into public funds.
That isn't what Dimon was doing. The problem is with the Senator and her misguided colleagues. Powell is actually trying to clean up the mess made by Congress and the Executive during COVID and after. Warren is an insincere politician trying to get her agenda served.
Stop talking over your guests!!
She has to talk to sen. Warren with the same respect as she did it with Munger and Buffett. I don’t understand why she didn’t. It’s a bit of a disappointment
Warren and Munger don't clearly lie and gaslight her during interviews. Many of the things the Senator said were falsehoods and misstatements.
Becky I love listening to you, but you let senator 8:49 Warren run the interview, shame on you. You should have told her to simplify her answers instead of letting her ramble. I actually wanted to hear your rebuttal but she over ran you!
There was nothing Becky could do. Senator Warren decided to use her "Karen in Target" superpowers.
You go Becky...!!!!
I will always take Sen. Warren interest in banks credit loans with a grain of salt while she is pushing to do more loans to low income housing
What does Warren know about banking? Has she ever run a business?
Researching middle class finances and bankruptcy since 70's and presenting to congress the bank's role in it since 90's has basically been her entire career.
@@EwWhoIsTHAT Socialist academic with no real world experience. Got it.
@@EwWhoIsTHAT She understands consumer protections; not banking. It's dangerous to allow her to attack Powell like this. And even more dangerous that people like you don't know enough about the subject that you blindly follow her down this road of misguided intentions and ignorance.
Warren knows more about banking than you.
@@KK-pm7ud Can you be more specific as to what's misguided about challenging bank policies instead of making an unbacked blanket statement?
Like your budget very profitable.
Lol, Becky Quick is doing her main job as a CNBC anchor here: Desperately defending the super-wealthy and the status quo. She even makes Elizabeth Warren look reasonable.
BINGO!
How will the big banks bail out the government bond auctions with tight capital restrictions?
Yes the to big to fail. They should have broken up after last time. I usually don't agree with her but this time she is correct.
its crazy how these people come on here and talk with so much confidence whilst blatantly lying and cheating. she is the worst of the worst
The more I dive into Cyberopolis, the more bullish I become.
The language Warren uses is purposely abstract to make you think she wants banks to hold actual cash reserves to make them safer. The definition of liquid capital includes holding government bonds. Given her constant criticism of any easing of the dodd frank requirements, it's clear she's advocating private banks be required to hold more reserves in government bonds. Yet, the bond market is exactly what has currently blown up, which I think is what Rebecca is trying to point out. The biggest risk to the US bond market is the unreal level of deficit spending being carried out by the current administration where Warren is a key member. It's no wonder why banks don't want to be on the hook for bailing out the US government while foreign governments sell off their US bonds. If Warren would advocate for getting her own fiscal house in order, this interview probably wouldn't be necessary. Instead she wants you, the viewer, to remember how bad things were when banks didn't hold as many treasuries. But that was a time when interest rates were declining. Are you really sure that money is safer with the US government?
Disingenuous much? You lost me at " The biggest risk to the US bond market is the unreal level of deficit spending being carried out by the current administration where Warren is a key member."
The spending you and BQ are crying about was incurred when 45 dismantled a pandemic playbook to the extent that interest rates had to be dropped to zero again and stimulus was given to corporations and much, much smaller portions to US citizens. The "current administration" had to clean up 45s $h%t in the bed by providing effective stimulus to citizens who actually used it to spur the economy.
I find it fascinating guys like you are so EFFING dishonest because when the GOP has power, spending be damned. But the minute a Dem had to take up the mantles to fix all their F#^K-ups, you clowns are worried about the deficit.
Love how the reporter bought questions to attack 🎉🎉🎉🎉🎉🎉
Why invite a polititian who does not know what she is talking about???
Why have a host who doesn't know what she's talking about.
The problem that this interview is not covering is the Fed feels it needs the cooperation of banks to function and the Fed doesn't feel it has the power it needs so it needs to perform coercion to do it's job. The government should always be asking questions and listening but never asking for support. If you are not a political body act like one.
Cyberopolis's leadership team is stacked with industry experts.
She’s right.
You all look EMBARRASSING trying to one up Warren. Stop getting audience captured and look at the world pragmatically.
This is exhausting
Sounds like she's about to start understanding Bitcoin???
This reporter has a political agenda.
Senator Warren is mad that powell has not reduced the rates, she wouldn't mind lax capital requirements as long as fed keeps printing money to buy treasuries.
Big banks need supervision period
Is she still claiming to be Native American?
Are you still claiming to be a boy?
All I want is the government to bail me out as well, I dont need billions 200k will be sufficient 😂
Again, Don't Interrupt the guest while she is talking !!!
Nonsense, she’s a politician. She’s there to be challenged and not filibuster and repeat her talking points.
@@timx9661and you’re a nobody
Cyberopolis's focus on user experience sets a new standard.
you cant trust a millionaire senator that has a husband doing stock trades
Who do you think bailed out the banks the last time
Why not? A senator isn't allowed to be wealthy? Her husband isn't allowed to buy stocks?
She seems very knowledgeable prob because she understands world markets from trading stocks and following the big money for her own trades. Shes right with her points from community loaning and so on. And banks should have a reserve if i was a loan shark i would have to have collateral for the loans i give, we arnt allowed to loan shark like banks are so they need to be the responsible ones because they hold publics money
@@eco-enjoyer she has information that can help make decisions on stock trades before anyone else...i mean its like insider trading...follow all her public available trades...she buys at the right time and sells at the highs every time
Cyberopolis's tokenomics are well thought out. Bullish!
No one paid the consequence for 08 hance we will revisit this
Senator Karen. Even if she were right? I can’t listen to her grate on and like nails on a chalk board. Term Limits ❤❤❤
Wait… JPMorgan Chase bought a big, failing bank??? Someone PLEASE explain how JPMorgan isn’t a big, giant bank, and how Warren isn’t their biggest lobbyist?
Warren made her entire career attacking banks and lobbying AGAINST banks since the 90's. Its her single defining trait.
JPM bought a pip-squeak. The bank they bought is pocket change for JPM.
Cyberopolis's commitment to transparency is refreshing in the crypto space.
She thinks she's part indian by the way?
She’s obviously taken some meds. There is no way this lady would say bailouts are bad. Lol
6:49 Oh I just died laughing!!
I used to like Warren and thought she was a person of principle. Also thought she was intelligent and sincere. Now she's just another politician trying to grab control over something she unqualified to have responsibility for.
Do Not Trust Politicians And Play Politic Either On The Stock Market As An Investor. This Is Free Market And Freedom USA🇺🇸 With Love. Sincerely ❤️❤️❤️, KNT.
People forgot credit suisse disaster. Ahh senator unlock my mind who must be keep buying in the market continuesly. Its very interesting conversation and knowledgeable
When first republic went under I lost every dollar . It would be nice if chase had to give me some shares . The market is not nice for folks that don’t do the homework.