Daily Briefing – July 28, 2020

Published on
July 28th, 2020
Duration
35 minutes


Daily Briefing – July 28, 2020

Daily Briefing ·
Featuring Nick Correa, Ash Bennington, and Max Wiethe

Published on: July 28th, 2020 • Duration: 35 minutes

Senior editor, Ash Bennington, joins Max Wiethe to cover the types of U.S. stimulus that have been implemented so far, the battle happening in Congress, and the crypto space. Ash and Max do a deep-dive into the types of monetary policy the Fed can implement and the alphabet soup of facilities they have set up to respond to the crisis. They also discuss at length what the current negotiations could mean for the 2020 elections, how the robustness of the recovery is what matters at this stage, and how the dysfunction of Congress is on display. Finally, they talk about gold breaking its all-time highs, bitcoin nearing $11,000, and the long-term view of the crypto space. In the intro, Nick Correa talks about the newly-unveiled proposal from the Republicans for fiscal stimulus and the sources of tension as Congress races toward passing a relief bill.

Comments

Transcript

  • GH
    Galen H.
    31 July 2020 @ 07:11
    Really great briefing. (This is the one with the list of packages)
  • JT
    Jay T.
    29 July 2020 @ 02:38
    Nick’s intro could have been written by the kooks at MSNBC. We need outlets that present the perspective of both sides, not more effete leftists who start their broadcasts parroting the line of the left. Personally I think the GOP are out of touch with how bad things are, but that doesn’t mean their concerns about further destroying our finances, market system & rule of law are wrong. For example, apparently Nick, Ash and Max are unable to contemplate the importance of liability protection for companies as the economy opens up and totally ignored that? This basically sounded like a discussion by people in a bubble on the Upper East Side who couldn't conceive that others beside DNC leftists might have good points. I guess I should cut some slack as this is only one day's worth of briefings, but please don't continue just being leftist mouthpieces. Plenty of issues with the GOP, but the country doesn't need more leftist worshippers in media. We need more who legitimately present and challenge the ideas of both major parties.
    • RD
      Rick D.
      29 July 2020 @ 02:41
      Leftist leftist leftist. What is a leftist anyway?
    • JV
      Jonny V.
      29 July 2020 @ 08:04
      Rubbish! Nick is always great! Pretty common sense that an employer who do NOT take the required actions to protect their employees/customers from harm, including COVID, could be sued. Today GOP obviously don't care any more about rule of law than fiscal responsibility, as long as they think Trump can help steal them another term. Suggest you stay in the FOX bubble for the type of "balance" you seem to be after.
    • SJ
      Sean J.
      29 July 2020 @ 10:50
      Agreed 100%. Pretty obvious bias from a few at RV. That doesn’t fly with this educated audience, fellas.
    • JD
      Jason D.
      29 July 2020 @ 11:16
      Unfortunately, we live in a time of politicalization of everything, including facts. You said it yourself, "Present the perspective of both sides." What sides? Left and right. Liberal and conservative? Republican and democrat? Masks and no masks? Etc.... I think here at least we should pick the 'side' of the market and empiricism and leave our own political persuasions in the voting booth. And to what I think your point is, I could have done without hearing Chuck Schumer chastising the republicans. That sad I did not think Nick or Ash are being leftist. I think they are accurate in their analysis. But that is my own personal opinion and not a fact.
    • JC
      John C.
      29 July 2020 @ 19:22
      You give Chuck Shumer the mike and no other politician a turn. Talking about someone whose talking his “book”. Come on RV. WTF! Please stay out of Politics!!!! I can get that from Fox and CNN for free.
  • JF
    John F.
    29 July 2020 @ 08:46
    Great assessment between the two. Please add an audio compressor to Max’s audio feed. The echo and high pitch is hard on the ears.
  • FD
    Frank D.
    29 July 2020 @ 08:17
    Bookmarks about general topics would be nice, e.g. for those not interested in certain topics (cryptos).
  • JK
    Johan K.
    29 July 2020 @ 06:50
    He, he, he, Max, Sounds like sellers remorse....
  • Po
    Pedro o.
    29 July 2020 @ 03:45
    Ash and Max have great chemistry.
  • NL
    Nikola L.
    29 July 2020 @ 03:25
    good brief.. Someone's playing hard from production point of view.. an abrupt end.. lol
  • BG
    Brian G.
    29 July 2020 @ 02:18
    Well done Ash!
  • EH
    Erik H.
    29 July 2020 @ 02:07
    I would love to see Lyn Alden on a future RVDB. Her interview today was full of great insights. She was very informative.
  • MC
    Mark C.
    29 July 2020 @ 02:05
    Wiethe plays his roll perfectly. Always enjoy the knowledge and questions. Great job everyone. Start to finish.
  • SD
    Sara D.
    29 July 2020 @ 01:28
    Can you please bring someone for an interview to discuss Hedera Hashgraph? Hedera looks like the next generation of DLT. Looks like it has overcome most (if not all) of the stability and scalability limitations of the typical blockchain platforms. Thanks.
    • AB
      Ash B. | Real Vision
      29 July 2020 @ 01:56
      Hi, Sara. I interviewed Leemon Baird (from off camera) in Jan 2018. https://www.realvision.com/shows/discoveries/videos/the-blockchain-killer-an-introduction-to-hashgraph
  • JM
    Justin M.
    29 July 2020 @ 01:05
    Been learning a lot from Ash on how to run an interview. What a great redirection at the 5 minute mark to not let the conversation miss out on the lead new story.
  • MS
    Mark S.
    29 July 2020 @ 00:45
    Which is intensely depressing...I love it, Ash!
  • CN
    Cotter N.
    29 July 2020 @ 00:28
    Epic complex grammatical structures by Nick Correa. One of those sentences took 3 full breaths. Well done.
  • JR
    Jorge R.
    29 July 2020 @ 00:27
    Musk pumps tesla!! :)
  • BB
    Ben B.
    28 July 2020 @ 23:55
    Hi Ash, what are the transactions per second up to these days with Bitcoin and blockchain based products in general?
    • AB
      Ash B. | Real Vision
      29 July 2020 @ 00:08
      It’s scaling — but on a linear sclale. https://blockchair.com/bitcoin-sv/charts/transactions-per-second
  • AK
    Adam K.
    29 July 2020 @ 00:01
    That cut-off at the end though :'D
  • MT
    Mark T.
    28 July 2020 @ 23:41
    Most people in Gold Rushes lose their shirts and return home with their tail between their legs.
    • BB
      Ben B.
      28 July 2020 @ 23:59
      Or they stay...........what are those guys called, the 49'ers if memory serves me correctly.
  • MA
    Matt A.
    28 July 2020 @ 23:55
    Is it my imagination or did Bitcoin just start to look like that drunk guy on the dance floor who, up till now has been dancing alone and nobody knew what moves he was attempting. But all of a sudden... does it looks like he’s trying to dance with the rest of us? Is that the Macarena?
  • AA
    Adam A.
    28 July 2020 @ 23:38
    The Republican dysfunction in Congress is a natural result of Presidential weakness in the polls. Whomever you favor personally, it’s objectively true that he doesn’t have a lot of momentum behind his campaign, and the Republican senators have to split to deal with their differing interests in the absence of a positive electoral direction for the Party as a whole. The Democrats, think what you will of them, are stepping into this vacuum.
  • MD
    Matt D.
    28 July 2020 @ 23:38
    Thanks Max and Ash - great honest discussion especially on crypto at the end. Interesting point on ETH not being a security. Looking forward to Activist Shortselling!
  • AP
    Anne P.
    28 July 2020 @ 23:28
    You are good on financial/economic matters. But PLEASE spare me your less than informed political punditry.
  • PS
    Paul S.
    28 July 2020 @ 23:12
    Perfect, the old(er) guy talking up the crypto revolution, the young(er) guy trying to suppress a cynical smirk on his face https://www.coindesk.com/cftc-chair-a-large-part-of-financial-system-could-end-up-in-blockchain-format.
    • AB
      Ash B. | Real Vision
      28 July 2020 @ 23:16
      Ha. Yep.
  • DS
    David S.
    28 July 2020 @ 23:11
    Good opening Mr. Correa. The Administration rightly believes that if they can get the economy going by election, they probably will win. All their efforts are to open the economy at any cost. If they can force workers to work and children to go to school the economy may recover. The stock market may even stay overvalued. Eliminating liabilities for businesses to reopen is another card to play to force open the economy. They are trying to draw to a back door straight flush – exceptionally low odds. Most of the Senate is behind the Administration's policies on immigration, taxation, law and order, etc. if it will ensure their re-election. Many in the Senate who never really supported the Administration in the first place, are having second thoughts about the November election. Republicans could lose the White House and the Senate if they do not play this right. It is a tough call for them, but the election is the only goal. DLS