Daily Briefing – July 28, 2020 – Real Vision Talks Politics, Stimulus, and Blockchain

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Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 28 July 2020

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

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. Sponsor Link - Keep Coming Back : http://keepcomingbackpodcast.com/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Do you hear that? It might sound like nothing to you, but it's actually the sound of nuclear, wind and solar energy.
0:11.0	At EDF, we're busy generating more British
0:14.2	zero carbon electricity than anyone to help keep future energy
0:17.7	cost down for everyone and help cut UK carbon emissions to nothing.
0:21.8	Sound good to you? Find out more about our
0:24.9	zero carbon generation at EDF Energy.com slash Help in Britain. It's Tuesday, July 28, just after market close in New York. This is the Real Vision Daily Briefing. I'm Ash Bennington
0:45.9	in New York joined shortly by Max Weathy, but first Nick Carrhea with the day's stories.
0:52.1	Thanks, Ash.
0:53.1	The Republicans opening bid for a new stimulus bill
0:55.4	came through Monday evening.
0:57.0	Senate Majority Leader Mitch McConnell announced the Health,
1:00.0	Economic Assistance, Liability Protection, and Schools, or Heels Act,
1:04.4	amounting to about $1 trillion.
1:07.0	The bill the Democrats have in the Senate as their opening bid was passed through the House of
1:10.5	Representatives back in May, and it amounts to roughly 3 trillion dollars.
1:14.3	However, the negotiations ahead will be strenuous.
1:17.3	Considering the gap in the amount of funding proposed by the two parties,
1:20.9	the Vietnam policy differences between the two bills, Republican
1:24.8	intra-party conflicts, and the time crunch introduced from programs such as enhanced
1:29.2	unemployment benefits having effectively ended, passing a new bill within the next few days prior
1:34.6	to congressional recess may seem nigh to impossible. Democrats have heavily
1:39.4	criticized the GOP for how long it took to propose their bill as well as how their bill provides too little
	...

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