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In our news wrap Thursday, Sen. Schumer called Israel's Netanyahu an obstacle to peace, the Palestinian Authority is getting a new prime minister, a federal judge in Florida rejected Trump's motion to dismiss the classified documents case against him, Biden made a campaign visit to Michigan, former Treasury Secretary Mnuchin said he's organizing an investor group to buy TikTok, and more. PBS NewsHour is supported by - https://www.pbs.org/newshour/about/funders
David Faber, Jim Cramer and Carl Quintanilla spoke exclusively with former Treasury Secretary Steven Mnuchin. Embattled lender New York Community Bancorp secured a $1 billion cash injection from a consortium led by Mnuchin's firm Liberty Strategic Partners. He stated his case for investing in NYCB. Also in focus: Novo Nordisk surges to a record high on obesity pill trial results, day two for Fed Chair Powell on Capitol Hill, retail earnings winners, Exxon vs. the Chevron-Hess deal, can Apple shares snap a six-session losing streak? Squawk on the Street Disclaimer
Carl Quintanilla, Jim Cramer and David Faber discussed a rough morning for stocks: Markets reacting to news of a new strain of the coronavirus resulting in lockdowns throughout the UK, as well as travel restrictions to and from that country. Travel-related stocks taking a hit on those developments, which overshadowed two major stories: Capitol Hill lawmakers reaching an agreement on the $900-billion coronavirus relief package, plus deliveries of Moderna's COVID-19 vaccine underway in the U.S. after the FDA authorized it for emergency use. Treasury Secretary Steven Mnuchin joined the program to discuss the new stimulus deal and how passage of aid legislation would help people and businesses recover from the pandemic. Also in focus: Tesla's first trading day since joining the S&P 500 and why bank stocks are rallying despite the market pullback. Learn more about your ad choices. Visit megaphone.fm/adchoices
The inevitable war between government and crypto is getting started.German Finance Minister on Monday:“We must do everything possible to make sure the currency monopoly remains in the hands of states.”The G7 this week: "We want to regulate digital currencies."European Central Bank President: "Stablecoins threaten monetary sovereignty.”Between the STABLE Act, which would ensure that only banks could issue stablecoins and would make all others illegal, Treasury Secretary Mnuchin's plan to go after crypto, and the French Finance Minister trying to fight anonymous crypto transactions, things are getting heated up. We'll get to see if bitcoin and other decentralized innovation can hold their own in an arms race against the most powerful entities in the world.Support the show (https://www.patreon.com/naomibrockwell)
https://lbry.tv/@NaomiBrockwell:4/Government-vs-Crypto-The-Battle-Begins:8?r=FDreZsjE2C4VBDAr8tVX1a56tJRe5Hpq https://youtu.be/bKXjMNC00kU The inevitable war between government and crypto is getting started. German Finance Minister: “We must do everything possible to make sure the currency monopoly remains in the hands of states.” The G7: "We want to regulate digital currencies." European Central Bank President: "Stablecoins threaten monetary sovereignty.” Between the STABLE Act, which would ensure that only banks could issue stablecoins and would make all others illegal, Treasury Secretary Mnuchin’s plan to go after crypto, and the French Finance Minister trying to fight anonymous crypto transactions, things are getting heated up. We’ll get to see if bitcoin and other decentralized innovations can hold their own in an arms race against the most powerful entities in the world. If you would like to send me a message and support my channel, visit https://cointr.ee/naomibrockwell Sign up for the free cryptobeat newsletter here: https://Naomibrockwell.com/cryptobeat Sign up for the members-only newsletter here and get access to exclusive content by becoming a member of NBTV! https://Naomibrockwell.com/memberships
Carl Quintanilla, Jim Cramer and David Faber led off the program by drilling down on DoorDash's much-anticipated IPO, which priced at $102 per share -- above the expected range. They also spoke with DoorDash Co-Founder & CEO Tony Xu, discussing everything from the IPO to the future of the food delivery company and how it's handling the pandemic. Delta Air Lines CEO Ed Bastian also joined the program to talk about holiday travel and travel demand in wake of COVID-19 and how soon a vaccine might spark a rebound in passenger traffic. Also in focus: New record highs for the Dow and S&P 500, plus what Treasury Secretary Mnuchin is saying about the White House's stimulus proposal. Learn more about your ad choices. Visit megaphone.fm/adchoices
On the first trading day of December, Carl Quintanilla, Jim Cramer and David Faber explored what's next for stocks after November's rally, which marked the Dow's best month since 1987 and the best monthly performance for the S&P 500 and Nasdaq since April of this year. The anchors also previewed what to expect from Fed Chair Powell and Treasury Secretary Mnuchin ahead of their testimony at a Senate Banking Committee hearing on pandemic relief aid. Also in focus: Moderna and Pfizer-BioNTech applying for their respective COVID-19 vaccines to be approved in the EU, plus Zoom Media shares tumbling despite better-than-expected results and guidance -- though the stock remains up more than 500% year-to-date. Learn more about your ad choices. Visit megaphone.fm/adchoices
Treasury Secretary Mnuchin plans to rush out new regulation regarding self-hosted crypto wallets before the end of his term.Apparently the proposed regulation would “require financial institutions like Coinbase to verify the recipient/owner of the self-hosted wallet, collecting identifying information on that party, before a withdrawal could be sent to that self-hosted wallet” according to Coinbase CEO Brian ArmstrongSo what would this ruling mean? Don't want to have to KYC a store before buying groceries? Want to participate in DeFi? Then move your money out of financial institutions and into non-custodial wallets. Remember: not your keys, not your coins.Happy thanksgiving everyone!Reporting by C. Edward Kelso and Naomi BrockwellSupport the show (https://www.patreon.com/naomibrockwell)
*Steven Mnuchin downplayed his decision to pull the plug on several Federal Reserve programs, saying there’s enough money around to provide funding where it is needed.* *Today's Stocks & Topics: MPW - Medical Properties Trust Inc., Value Stocks, SBRA - Sabra Healthcare REIT Inc., Post-Covid World, Very Expensive Stocks, Dividend Cuts, Gold, 401k, Taxable Accounts, RGEN - Repligen Corp., GILD - Gilead Sciences Inc., AVLR - Avalara Inc., CCL - Carnival Corp.* Support this podcast at — https://redcircle.com/investtalk-investment-in-stock-market-financial-planning/donations Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy
Jim Cramer and David Faber interviewed Treasury Secretary Steven Mnuchin about his decision to allow several of the Fed’s emergency lending programs to expire on December 31. They also discussed everything from the nationwide spike in COVID-19 cases and its impact on the economy to the status of stimulus talks with Speaker Pelosi. Dr. Monclef Slaoui -- the chief advisor for the government's "Operation Warp Speed" initiative -- weighed in on Pfizer and BioNTech requesting emergency authorization from the FDA for their COVID-19 vaccine. SiriusXM's Incoming CEO Jennifer Witz spoke to David and Jim about the future of the satellite radio service and Howard Stern's contract. Learn more about your ad choices. Visit megaphone.fm/adchoices
1. Last night, I saw that the rapper, 50 Cent, is now endorsing President Trump due to the Biden tax plan. Many people are looking at this very closely. I have mentioned this on the show numerous times. People making over 400K a year are going to be hammered with a 16% tax increase. That plan would crush small businesses and many entrepreneurs. Plus, if the corporate tax rate is changed to 28% from 21% that would cause many foreign companies to leave and do business elsewhere. 2. Yesterday's stock market was all about the stimulus bill, but we have not heard much about it today. Supposedly, Treasury Secretary Mnuchin and Speaker Pelosi are talking today, but we have not heard any details yet. We are just 2 weeks away from the election, so if there is a deal to be made before the election it must be made soon. Overall it won’t matter in the long run, but for the short run it’s having an outsized impact. States won’t start opening up until after the election. It’s all about fear, not science as Governor Andy Cuomo3. Gold and silver a little pop. Gold futures up a little. Miners and junior miners up a little. Not a bad day there. Just trading in line with the market. Doing the sideways dance. Some more
Carl Quintanilla, David Faber and Leslie Picker discussed today’s stock rally, looking to snap a 3-day losing streak as September retail sales surprise to the upside. Plus shares of Pfizer rally, the drug maker saying it sees an emergency use filing for its COVID-19 vaccine only after the U.S. election. And stimulus stalemate: Speaker Pelosi and Treasury Secretary Mnuchin citing progress in talks while President Trump says Senate Republicans will fall in line if a deal is reached. Learn more about your ad choices. Visit megaphone.fm/adchoices
Carl Quintanilla, Jim Cramer and David Faber discussed the big corporate story of the day: Chipmaker AMD reportedly in advance talks to buy Xilinx in a deal that could be worth more than $30-billion. The anchors explored what such a transaction could mean for the semiconductor sector and where China fits into the mix. Markets also paying close attention to Speaker Pelosi, Treasury Secretary Mnuchin and the state of stimulus talks -- with Senate Majority Leader Mitch McConnell saying another coronavirus aid package is needed. Also on the COVID-19 front: Carl, David and Jim weighed in on comments by the CEO of Gilead Sciences, which released final data from a study of its remdesivir anti-viral treatment. The study showed that the drug cut recovery time by five days compared to patients who received a placebo. Learn more about your ad choices. Visit megaphone.fm/adchoices
US futures are firmer given overnight stimulus comments and deriving further strength as US participants approachSpeaker Pelosi & Treasury Secretary Mnuchin spoke again while Trump is reportedly open to more than a skinny billPresident was concerned by the market reaction to him walking away from stimulus discussionsUK Chancellor Sunak to announce a new job-support scheme; separately, EU diplomats believe Brexit talks are yet to make enough progressFX features a downbeat DXY at fresh...
In this episode, Jamil Jaffer, Bruce Schneier, and I mull over the Treasury announcement that really raises the stakes even higher for ransomware victim. The message from Treasury seems to be that if the ransomware gang is the subject of OFAC sanctions, as many are, the victim needs to call Treasury and ask for a license to pay – a request that starts with a “presumption of denial.” Someone has been launching a series of coordinated attacks designed to disrupt Trickbot Bruce explains. CFIUS is baring its teeth on more than one front. First comes news that a newly resourced CFIUS staff has begun retroactively scrutinizing past Chinese tech investments. This is the first widespread reconsideration of investments that escaped notice when they were first made, and it could turn ugly. Next comes evidence that the TikTok talks with CFIUS could be getting ugly themselves, as Nate Jones tells us that Treasury Secretary Mnuchin has laid down the elements the US must have if TikTok is to escape a shutdown. None of us think this ends well for TikTok, as China and the US try to prove how tough they are by asking for mutually exclusive structures. The US government is giving US companies some free advice about how to keep sending their data to the U.S. despite the European Court of Justice decision in Schrems II: First-time participant Charles Helleputte offers a European counterpoint to my perspective, but we both agree that there's a lot of value in the U.S. white paper. If nothing else, it offers a defensible basis for most companies to conclude that they can use the standard contractual clauses to send data to the US notwithstanding the court's egregiously anti-American opinion. The court may not agree with the white paper, but the reasoning could buy everyone another three years and might be the basis of yet another U.S.-EU agreement. The UK seems to be preparing to take Bruce's advice on regulating IOT security plan, but he thinks that banning easy default passwords is just table stakes. Bruce and I once again review the bidding on voting by phone, and once again we agree: No. Just No. Nate questions the press stories (and FBI director testimony) claiming that the FBI is pivoting to a new strategy for punishing hackers by sending Cyber Command after them. He thinks it's less a pivot and more good interagency citizenship, which I suspect is still a change of pace for the Bureau. Bruce and I explore the possibility of attributing exploits to individuals based on their coding style. You might say that their quirks leave fingerprints for the authorities, except that at least one hapless hacker has one-upped them by leaving his actual fingerprints behind in an effort to get himself approved in a biometric authentication system. And in updates, we note that Microsoft has a new and unsurprising annual report on cyberattacks it has seen; the Senate will be subpoenaing the CEOs of Big Social to talk section 230 in an upcoming hearing; and the House intel committee has a bunch of suggestions for improving the performance of the intelligence community against evolving threats from Beijing. And more! Oh, and we have new theme music, courtesy of Ken Weissman of Weissman Sound Design. Hope you like it! Download the 331st Episode (mp3) You can subscribe to The Cyberlaw Podcast using iTunes, Google Play, Spotify, Pocket Casts, or our RSS feed. As always, The Cyberlaw Podcast is open to feedback. Be sure to engage with @stewartbaker on Twitter. Send your questions, comments, and suggestions for topics or interviewees to CyberlawPodcast@steptoe.com. Remember: If your suggested guest appears on the show, we will send you a highly coveted Cyberlaw Podcast mug! The views expressed in this podcast are those of the speakers and do not reflect the opinions of their institutions, clients, friends, families, or pets.
Carl Quintanilla, Jim Cramer and David Faber discussed market reaction to Tuesday night's presidential debate and what's at stake for stocks. That was followed by CNBC and Institutional Investor's "Delivering Alpha" conference: Becky Quick conducted a live interview with Treasury Secretary Steven Mnuchin about the economy and the COVID-19 stimulus talks. Carl, Jim and David offered their reactions to Mnuchin's comments. They also previewed Palantir's much-anticipated direct listing and public debut. Jim interviewed Regeneron's Chief Scientific Officer after the drug maker said its experimental COVID-19 treatment was effective in treating early-stage illness, improving symptoms and reducing virus levels in patients who were not hospitalized. Learn more about your ad choices. Visit megaphone.fm/adchoices
Nathan Dean, Senior Government Analyst for Bloomberg Intelligence, on Fed Chair Powell and Treasury Secretary Mnuchin testifying before Congress, and how the lack of stimulus is impacting policy. Chris Whalen, Chairman of Whalen Global Advisors, discusses the banks money laundering scandal, and is outlook for the banking sector.Jordan Fabian, Bloomberg White House correspondent, discusses President Trump's speech to the UN blaming China for the failed U.S. response to the coronavirus. Hosted by Paul Sweeney and Vonnie Quinn.
It took 20 days from President Trump signing an executive memorandum to defer certain payroll tax obligations for Treasury Secretary Mnuchin to issue Notice 2020-65 and provide guidance to employers on the how to execute the payroll tax holiday. Treasury’s guidance also came just two business days before the deferral period was set to start on September 1, leaving absurdly little time for employers to potentially reconfigure payroll systems and implement the change.
Carl Quintanilla & Jim Cramer discuss the state of stocks as the S&P 500 rises to a new record high all-time high that was set before the coronavirus pandemic hit. Two retail giants surging this morning giving the major averages that boost. Walmart earnings and revenue beating the street last quarter as same-store sales surged by 9.3% and its e-commerce sales nearly doubled. Home Depot said its sales last quarter jumped 23%, while its earnings and sales beat the street’s expectations. Treasury Secretary Mnuchin joining Carl and Jim to discuss COVID-19 Stimulus, the Postal Service problems, and Oracle in talks to acquire TikTok, in a challenge to Microsoft. And Amazon’s expansion plans. The company is looking to add 3,500 jobs across six U.S. cities. Of the new roles, 2,000 will be based in New York, where Amazon has acquired the Lord & Taylor Fifth Avenue building. Learn more about your ad choices. Visit megaphone.fm/adchoices
David Faber and Jim Cramer discuss the hang up on Capitol Hill. President Trump signing executive orders over the weekend aimed at extending pandemic relief after Congress failed to reach a deal. The orders extending unemployment benefits, providing a payroll tax holiday, deferring student loan payments through 2020 and extending the federal moratorium on evictions. Treasury Secretary Mnuchin joining Jim and David to discuss the road ahead for getting a deal done on a stimulus bill, U.S. – China relations and much more. And breaking news out of McDonald’s as the company announces it’s suing its former CEO Steve Easterbrook for allegedly lying during the company’s internal probe into his behavior. Plus, the CEO of Barrick Gold on his company’s earnings and the all-time high prices of Gold. David and Jim also dig through the big movers of the morning including Kodak, MGM, and Amazon. Learn more about your ad choices. Visit megaphone.fm/adchoices
Today on the Brief: The latest information in the Twitter hack Thailand starts using its central bank digital currency Treasury Secretary Mnuchin calls on Congress for more funds Our main conversation is with Jon Turek, author of “Cheap Convexity.” In this conversation, he and NLW discuss: Why the dollar has gotten stronger thanks to a savings glut from Asia How a too-strong dollar hurts other markets more than the U.S. Why globalization died in 2011 and we just didn’t realize it How the Fed fixed the global dollar plumbing Why there are still questions of actual dollar shortages The detente in U.S.-China financial relations Find our guest online Website: Cheap Convexity Twitter: @jturek18
Today's program looks at Georgia's lawsuit to ban mandatory facemask laws (1), and talks over the next coronavirus aid package with Treasury Secretary Mnuchin (10) and former Federal Reserve Chairs Ben Bernanke and Janet Yellen (16). Learn more about your ad choices. Visit megaphone.fm/adchoices
The US economy adds 4.8 million jobs in June; the unemployment rate drops to 11%, and Treasury Secretary Mnuchin is asked if Trump is more interested in preserving the Confederacy!
Goldman Sachs Bets On Masks, FedEx Earnings Report Rallies & Mnuchin Elaborates On COVID Economic Impact – Daily Financial News Summary for Tuesday, June 30, 2020 The final day of June resulted in the completion of the best quarter that Wall Street has seen since 2001. The Dow Jones rose by 0.85%, the NASDAQ by 1.87%, and the S&P 500 by 1.54%. The Dow Jones was up 16.9% for the quarter, and the S&P 500 was up 19.3% for the quarter. Gold rose sharply by 1.1% today. It settled at $1,800.50 per ounce, which is the first time it has been so high since 2011. Treasury Secretary Mnuchin spoke to the House Financial Services Committee today about the United State's economy's chance of recovery: “We are in a strong position to recover because the administration work[ed] with Congress on a bipartisan basis to pass legislation and provide liquidity to markets in record time. In addition, the PPP is keeping tens of millions of workers connected to their jobs. Economic impact payments are also helping millions of families and workers through these challenging months.” He also spoke about expecting more stimulus funding to be sent soon. Dr. Anthony Fauci of the National Institute of Allergy and Infectious Diseases spoke about Covid19 before a Senate panel today. He said that if Americans do not start to change their daily behavior, the rate of new infections could increase to 100,000 per day. Currently, the country is averaging around 40,000 new cases per day. READ MORE: https://callputstrike.com/2020/06/30/goldman-sachs-bets-on-masks-fedex-earnings-report-rallies-mnuchin-elaborates-on-covid-economic-impact-daily-financial-news-summary-for-tuesday-june-30-2020/ Financial Planning: What is a Sinking Fund? Many Americans have never heard of the term ‘sinking fund.' Not having knowledge about this means that they are depriving themselves of the financial benefit of using a sinking fund. When polled, about 40% of Americans stated that they would struggle with covering a $400 emergency expense. Sinking funds are methods of putting money aside for a rainy day, so it is not as difficult to pay for something in an emergency situation. How Does it Work? https://callputstrike.com/2020/06/30/financial-planning-what-is-a-sinking-fund/ --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/callputstrike/message Support this podcast: https://anchor.fm/callputstrike/support
This is Coronavirus 411, the latest COVID-19 info and new hotspots… Just the facts… for Thursday June 18th, 2020. New modeling from PolicyLab, at The Children’s Hospital of Philadelphia, shows Florida has the potential to become the next epicenter for COVID-19 in the U.S. According to The Washington Post, Researchers say the risk of widespread community transmission is “the worst it has ever been”. The Director of the division of infectious diseases at the University of Alabama, said the spike in Florida is concerning due to the state’s aging population and number of nursing homes and retirement communities. There are 82,711 confirmed cases and have been 3,017 deaths. Three of the highest daily case counts have been reported in the last 5 days. Transparency in data released by the state health department has been questioned. In late April, the State Medical Examiner’s report noted a higher death rate than what the health department was releasing. The health department, stopped the release of the Medical Examiners report. In May, the doctor who created and updated Florida’s official coronavirus dashboard, was fired for what she says was refusal to manipulate the data. The Governor of Arizona authorized local governments to require masks. Prior to this, local governments were not allowed to mandate anything more stringent than what the state dictated. New York City and Washington DC will enter Phase II of reopening on Monday. Over 1.5 million Americans filed for first time unemployment benefits last week. Treasury Secretary Mnuchin, said the Trump administration is “very seriously considering” another round of stimulus checks. Chile will reinstate some restrictions as cases spike after a backlog of 31,000 cases were discovered. The President of Honduras was hospitalized for pneumonia Wednesday night. Earlier in the day he reported he had tested positive, with mild symptoms. The Eifel Tower in Paris will reopen next week….but the elevator won’t. Visitors who want to enjoy the view, will need to use the stairs. The locations of hotspots and U.S and Country diagnoses in a moment. See acast.com/privacy for privacy and opt-out information.
Carl Quintanilla, Jim Cramer and David Faber discuss the swift move lower for stocks. Major averages tumbling on the heels of comments from the Chairman of the Federal Reserve yesterday and reopening fears. Fed Chairman Powell saying, “We’re not thinking about raising rates. We’re not even thinking about thinking about raising rates. What we’re thinking about is providing support for the economy. We think this is going to take some time.” The Fed sees rates staying near zero through 2022 and GDP tumbling 6.5% in 2020. Investors also becoming concerned about a second wave of coronavirus cases, continuing to rise in certain states, as the U.S. pushes deeper into reopening the economy. Treasury Secretary Steven Mnuchin joins the “Squawk on the Street” gang to discuss small business lending, the state of the economy, and shutting down again in the face of a second wave. Hear why he says, “we can not shutdown the economy again.” Plus, the CEO of GrubHub on the big deal news of the day, as his company is acquired by Just Eat Takeaway for $7.3 billion. Learn more about your ad choices. Visit megaphone.fm/adchoices
A second U.S. wave of COVID-19 emerges, Trump will begin campaign rallies again, what NASCAR is doing about the confederate flag, what the Fed expects to happen to the U.S. economy, why Treasury Secretary Mnuchin thinks we will need more economic stimulus measures, and what just happened with these all-time high records for technology stocks. Support the show on Patreon for as little as $1: https://www.patreon.com/robtalkpodcast Follow the show on Twitter: https://twitter.com/robtalkpodcast Follow the show on Instagram: https://www.instagram.com/robtalkpodcast/ Like the show on Facebook: https://www.facebook.com/robtalkpodcast/ Rate the show: https://ratethispodcast.com/robtalkpodcast Website: https://linktr.ee/robtalkpodcast Sources Second Wave of Virus: Bloomberg, The Washington Post Trump to Begin Rallies Again: Axios, The New York Times, CNN NASCAR Confederate Flag Ban: AP News, CNBC Fed U.S. Economy Prediction: Axios, The Guardian, CNBC Steve Mnuchin Economic Stimulus Comments: Axios, Forbes, Business Insider Tech Stocks Records: CNBC, The Motley Fool
This is Coronavirus 411, the latest COVID-19 info and new hotspots… Just the facts… for Friday May 22nd, 2020. The U.S. recorded over 25,000 new cases yesterday and 1,314 deaths. 6 states show a rise in cases over the last two weeks, including one that seemed relatively safe earlier in the outbreak. Maine reported their highest two-day total since the outbreak began. They have 1,877 confirmed cases, 136 of those were reported in the last two days. The state has been fairly aggressive with restrictions. The statewide stay at home order is in effect until June 1st, though some personal care business were allowed to reopen on May 1st. A 14-day quarantine for anyone entering the state remains in effect through August. So why the jump? According to the Maine government website, the state increased testing on May 18th. Allowing health care providers to test anyone they suspected of having the virus. A grant from the CDC will expand testing across the state over the next few weeks, so the numbers may continue to rise as more Maine residents get tested. The CDC revised guidance on how the virus spreads, noting that touching contaminated objects or surfaces is not a significant mode of transmission. Primary spread is from person to person. The CDC has updated their modeling and is estimating that about 35% of COVID-19 cases are asymptomatic. President Trump echoed Treasury Secretary Mnuchin, stating he thinks there will be an additional stimulus package. Flags will be flown at half-staff for the next three days to honor victims of COVID-19. Yosemite National Park hopes to reopen in June. Reservations will be required. Latin America is witnessing a dramatic increase in cases, outpacing the US and Europe for 3 days in a row. Italy’s social security institute said their COVID-19 related death toll may be 60% higher than reported according to The Washington Post. Australia has extended their ban on international cruise ships in Australian waters through September 17th. The locations of hotspots and U.S and Country diagnoses in a moment. See acast.com/privacy for privacy and opt-out information.
Carl Quintanilla, Jim Cramer & David Faber discuss the pullback for stocks with the Dow sinking more than 100 points following yesterday’s 900 point surge. Investors closely watching today’s Senate testimony from Fed Chairman Jerome Powell & Treasury Secretary Mnuchin. Plus, retail in the COVID-19 era, Walmart reporting a 74% surge in e-commerce sales, and Home Depot reporting a hit to profits amid rising coronavirus costs. And David’s latest reporting on Softbank’s plans to sell part of its stake in T-Mobile. Learn more about your ad choices. Visit megaphone.fm/adchoices
Workforce management and employment stability are important operational issues for healthcare organizations, particularly during the COVID-19 pandemic. These operational issues fall under the board of directors' oversight responsibilities, which are heightened in times of crisis. On this episode of the Governing Health podcast, Michael Peregrine is joined by John Challenger, CEO of executive outplacement firm Challenger, Gray and Christmas, to discuss recent announcements from the Department of Labor (DOL) and Treasury Secretary Mnuchin on unemployment rates and the economic outlook for the United States as of May 2020.
All 50 states to be partially reopened by Sunday; Texas opening up gyms at 25% capacity as cases spike; Residents hit beaches in California, Virginia over the weekend; CA Gov: professional sports may begin in June without fans; Promising early results coming from one vaccine trial; Moderna: early vaccine data shows some patients developed neutralizing antibodies, which can block virus; Drug maker Moderna plans to move to large scale clinical trials for phase 3 in July; WH trade advisor: CDC “let the country down” on testing; Senior CDC official fires back at White House: "we’re giving them science and they don’t seem to want it"; Trump: "surprised" Attorney General Barr is not looking at Obama; Auto factories reopen with new safety measures including temperature checks, divided work spaces; Federal Reserve Chair warns economic recovery may stretch through end of 2021; Chair Powell: Federal Reserve can do a lot more to help economy; Federal Reserve Chair Powell and Treasury Secretary Mnuchin to testify before senate tomorrow; Trump fires, replaces at least 4 govt watchdogs in 6 weeks; Boston Globe editorial board to Trump: "stop the purge of Inspectors General"; Trump: I don’t know anything about accusations against Pompeo being looked at by fired Inspector General; Trump says he’s been taking hydroxychloroquine; U.S. surpasses 1.5 million coronavirus cases, 90,000 deaths; Trial tests if dogs can smell COVID-19 in humans; UK researchers say trained dogs may detect virus before symptoms appear; Navajo nation has highest infection rate per capita in U.S.; Native Americans among most vulnerable to virus; Son dies from COVID-19 days after praying over father’s body;
Carl Quintanilla, Jim Cramer and David Faber discuss stocks falling to start the week amid jitters about reopening the economy too soon. Oil moving to the upside after Saudi Arabia says it will cut its oil production by an additional 1 million barrels per day. Retail woes, Under Armour reporting results with sales plunging 23%. Billionaire hedge fund investor Paul Tudor Jones commenting on the economy saying it would be in a “Second Depression” if the coronavirus pandemic doesn’t get contained in a year. Plus, Treasury Secretary Steven Mnuchin telling the “Squawk on the Street” gang that the administration is unfazed with the federal government’s historic $3 trillion in spending to combat the impact of the coronavirus thanks to the nation’s low interest rates. Learn more about your ad choices. Visit megaphone.fm/adchoices
Additional measures are expected to be put in place at the White House after two staff members working on the campus tested positive for novel coronavirus. One measure under consideration is that aides must maintain a six-foot social distance during meetings, including meetings with President Trump. But while sources say there may be more mask-wearing by aides, it will not be a requirement. Just this morning, Treasury Secretary Mnuchin was seen walking past the West Wing without a mask, followed by another man who had a mask on his forehead. The president is scheduled to deliver remarks today in the Rose Garden on the role of testing in reopening the country. It remains to be seen if there will be masks present. ABC's Andy Field joins us live from Washington with more.
This weekend's Schiller Institute conference gave a glimpse of what a dialogue of cultures in a new paradigm could look like. The conference underscored the need for new ideas, new thinking, shedding current assumptions, and that there are people around the world ready to do just that. Treasury Secretary Mnuchin promises an economic recovery based on exactly the monetary policies that crashed the economy. Meanwhile, the BRICS nations start talking credit. View the full conference: https://lpac.co/siconf2020 Every weekday morning Harley will brief you on what you need to know to start your day. If you haven't already, sign up for Harley's weekly articles, harley.larouchepac.com/join
Today I tell you about why Treasury said they set yesterday's deadline for Social Security recipients with dependents under the age of 17, what Governor Andrew Cuomo thought of Mitch McConnell's comments about state bankruptcy, and how much Treasury Secretary Mnuchin says the U.S. has to spend in order to get through this troubled time.Of course, I also answer several viewers' questions that they left in the comments of the YouTube version, covering topics such as the EIDL grants, what happens if your stimulus is wrong, what to do if your tax preparer used the incorrect routing number, and more.The stimulus I am referring to is the CARES Act that was signed into law on March 27, 2020.The information I am sharing is current as of the morning of April 23, 2020.However, the government is changing its mind on the stimulus on an almost daily basis, so any information stated in this episode may change tomorrow.
Treasury Secretary Mnuchin provides the latest info on small business support from the White House Coronavirus Task Force. Response Coordinator Dr. Birx provides updates on the rates of infection in metro areas and more. Dr. Hahn of the FDA discusses the latest news on testing and treatment of COVID-19. We discuss. Tue 4/21: Hour 2 Photo by Stefan Heesch (https://unsplash.com/@nordfriisk?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText) on Unsplash (https://unsplash.com/s/photos/medical-mask?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText)
Let's kick off this episode's theme with a quote from Andy Andrews, author of, Bottom of the Pool. "You have the power to choose every moment of every day, what YOU do with your time is entirely up to you. You can invest it wisely or waste it foolishly. By choosing how to invest your time, it follows that you are also choosing what you learn, how much you learn, how deeply you understand what you've learned, what your imagination makes of it——and in what fashion you act upon whatever that might be." ----more---- Somewhere along the line, the decisions that were made by the government in their haste to solve the consumer need, we got broken along the way. When they solved one problem, what happened is we had three to four new problems that surfaced. The very first problem was all the money that the federal reserve was pushing out in the market buying mortgage-backed securities. They were creating inequality of supply and demand and they were flooding the market with money. Now that money was creating instability and now we have ups and downs, this 2.5% coupon is just the 30-year coupon that we watched similarly to the 10-year treasury. So forget about the specific bond that I'm tracking, but this is the one that we track when we associate what is our 30 year fixed loans doing, our mortgage loans. So you'd have ups and downs, but within each day, you had very little volatility. Then the fed started pushing out all this money and every single day was a massive swing. Think of a property manager. Property managers don't own assets and they don't have savings accounts specific to that property. They're managing your property. So that rent check comes in every month from that, they take their cut, their 10%, they pay all the bills for any maintenance that needed to happen that week or that month. They might take care of any other expenses and then they cut you a net check. So they don't have a massive piggy bank to take care of what happens if the rents don't still come in, but I'm still required to pay my owners. It doesn't work that way. FHA said, "You know what? We're just going to wait and see." Meanwhile, Treasury Secretary Mnuchin is saying, "No, we need the stability of the mortgage market to create stability in the real estate market. It was stable coming in. We needed to be stable going out and this is how we do it." He's leaning in on FHA to make that happen and he's reassuring that it will happen. Now the treasury doesn't have the ability to do it on their own, but he's certainly behind it. So is Federal Chair Powell. Powell Absolutely gets it, he sees it. And interestingly enough, Mnuchin and Powell have become allies in all of this and they're going against the FHA director, Mark Calabria. Housing is going to get worse before it gets better, but it is going to get better. And it's a timing thing. Remember we didn't start this until mid-March. We're only now in mid-April. It feels like forever. It feels like forever because we're trapped in our homes. But when it comes to financial positioning, we don't quite know where it is yet. Because remember all of the statistics for March were only half right. And now April is not over yet. So what does April's number's going to look like? But it is going to get worse before it gets better. But it will be much better when we come out of this. One of the things that I know is true is because the housing market was so strong coming into it right up until March, the pending home sales were still strong. They still had people that we're buying. I mean, we had a phenomenal January, February, and March. Even April is off the charts and it's because everybody that we had in the pipeline, what's May to look like? But we came into this very strong. Inventory was our problem. Any of the numbers that were weak, sales numbers that were weaker than they should have been was because of inventory. But January and February were phenomenal. We had a 6.25% growth in median sales price just in January and February alone. Again, because of the lack of supply, but the demand was off the charts. Remember that yes, manufacturing was down, but consumer spending was like phenomenal and consumer spending is 70% of the GDP. People's wages were up, spending was up, savings were up, they were feeling good. Colorado was the number two wage growth. We had consistent job growth week over week, and we had a really strong mortgage and financial environment as well. So if there was a time, and that's the silver lining I'm hanging on to, it's the time that we came into this being strong, we're going to come out of it strong. In this episode of the DoubleCommaClub, Nicole asks you, "Are you binging, or are you building?" She covers the DMAR market for the month with a detailed dive into the status of lenders, including nonbanks, unemployment immediate and longer-term effect on demand, and whether you should be guiding your borrowers to take action now. Listen to this full episode to get all of Nicole's insights and results from her research for the week. Nicole Rueth The Rueth Team of Fairway Independent Mortgage Corporation 750 W Hampden Avenue, Suite 500 Englewood, CO 80110 303-214-6393 www.TheRuethTeam.com Connect on social media: Follow me on FB: https://www.facebook.com/theruethteam/ Twitter: https://twitter.com/nicolerueth Linkedin: https://www.linkedin.com/company/the-rueth-team-fairway-independent-mortgage/ YouTube Channel: https://www.youtube.com/channel/UCPMdb94tUNMMsUTgdWRMDKw
*SUBSCRIBE TO OUR NEW FEED TODAY! SEARCH 'DEBRIEFING THE BRIEFING' AND LEAVE A RATING/REVIEW*The president and his task force continue to insist “testing capacity” in the US is sufficient. Yet, the administration will invoke the Defense Production Act to compel one unnamed company to produce nasal swabs. Governors are asking for swabs, reagents and personnel.“Swabs are easy,” the president said.More than 746,000 Americans have tested positive for covid-19; 40,000+ have died.Negotiations with Democrats are ongoing and the president thinks there could be a deal reached tomorrow to replenish the small business loan program. This comes after Treasury Secretary Mnuchin expressed optimism this morning that a deal was essentially done.Sunday’s briefing lasted 1 hour and 29 minutes.
Carl Quintanilla, Jim Cramer and David Faber discuss the jump in stocks after the Federal Reserve gave more details on how it's going to be supporting the economy amid the coronavirus pandemic. The Fed unveiling details of $2.3 trillion in programs. The Fed's announcement was enough to outweigh another massive jump in weekly jobless claims. More than 6 million Americans filed for unemployment benefits last week. Plus, Treasury Secretary Steven Mnuchin says as soon as the President feels comfortable, American companies can reopen for business. Learn more about your ad choices. Visit megaphone.fm/adchoices
Carl Quintanilla, Jim Cramer and David Faber discuss the swing upward for stocks, amid hopes that the number of new coronavirus cases is starting to decline. Confirmed cases in the U.S. surpasses 400,000 and globally over 1.4 million. Treasury Secretary Steven Mnuchin joins the "Squawk on the Street" gang to discuss the PPP loan plan. Secretary Mnuchin trying to assure small businesses by saying, "we will not run out of money." And what will the world look like after the virus? Disney Chairman, Bob Iger telling Barron's that Disney parks are considering 'more scrutiny,' temperature checks after coronavirus. Plus, McDonald's announcing its global same-store sales is down 22% for the month of March amid the pandemic. Learn more about your ad choices. Visit megaphone.fm/adchoices
This is Coronavirus 411, the latest COVID-19 info and new hotspots… Just the facts… for Wednesday April 8th, 2020. The U.S. had more deaths yesterday, than any other country has seen in one day, with more than 1,850 COVID-19 related. Louisiana, New Jersey and New York all record their highest daily rate of fatalities. U.S. cases are closing in on 400,000. New York State has the 3rd highest number of cases in the world, behind the United States and Spain. Treasury Secretary Mnuchin will ask Congress to commit an additional 200 billion in funding for the emergency small business loan program. The President has replaced the chairman of the watchdog panel created to oversee the 2 trillion-dollar stimulus package. The Acting Secretary of The Navy has resigned, days after removing The Captain of the USS Theodore Roosevelt for “breach of command” in relation to his concerns about the coronavirus on his ship. Two hundred thirty crew members aboard the aircraft carrier have tested positive for COVID-19. The Illinois Department of Corrections released over 1100 low risk prisoners on Tuesday. Los Angeles has ordered all residents to wear a mask when visiting essential businesses. UK Prime Minister Boris Johnson remains in Intensive Care. Ethiopia has declared a “state of emergency”. Mumbai, India will extend their lockdown through the end of the month. Israel will shut down roads and ban intercity travel for two days during Passover. Ecuador is building new cemeteries to accommodate coronavirus victims. Jack Dorsey, the Chief Executive of Twitter and Square plans on donating 1 billion to coronavirus relief programs. After 76 days, the lockdown in Wuhan, China, where the outbreak began, has officially ended. See acast.com/privacy for privacy and opt-out information.
This is Coronavirus 411, the latest COVID-19 info… Just the facts… for Friday April 3rd, 2020. There are more than 1 million cases of COVID-19 worldwide. The U.S. has over 245,000, with more than 6,000 fatalities. Dr. Anthony Fauci, the nation’s top infectious disease expert, told CNN that he doesn’t understand why every state hasn’t issued a stay at home order. The CDC is expected to recommend that Americans wear cloth masks in public. The Captain of the USS Roosevelt has been removed from duty, days after he asked Washington DC for help with the COVID-19 outbreak on his ship. The acting Secretary of the Navy said he went outside of his chain of command. Treasury Secretary Mnuchin said that those with direct deposit on file with the IRS will get their stimulus checks within 14 days. The Democratic National Convention has been rescheduled to August. Jeff Bezos, the founder of Amazon, is donating 100 million to food banks across the country.Spain has passed Italy with reported number of cases. Milan, is closing its main crematorium until the end of the month, to allow workers to catch up with the backlog of virus victims, reports CBS News. India has barricaded one of Asia’s largest slums after two deaths from the virus were reported in Dharavi neighborhood in Mumbai. Eight containment zones have been set up. No one is being allowed in or out, relays The Guardian. Singapore will close schools and non-essential businesses for a month. Peru has joined Panama in assigning specific days for each gender to be allowed out for essential business. The UK is working on plans for an “immunity passport” which “would allow those who have recovered and carry specific antibodies identifiable by a blood tests” to return to work, notes The New York Times. See acast.com/privacy for privacy and opt-out information.
David Faber and Jim Cramer discuss the record number of jobless claims, soaring past 3 million and shatter the Great Recession peak. Treasury Secretary Mnuchin joins "Squawk on the Street," as the Senate passes a $2 trillion dollar stimulus bill, that's now heading to the House. Telling David & Jim that relief is on the ways saying, “most of these will be direct deposit, so we call them checks in the mail, but it will be three weeks... We’re determined to get money in people’s pockets immediately. That will be within three weeks.” On the jobless claims front he says “I just think these numbers right now are not relevant,” when asked about that staggering figure. Learn more about your ad choices. Visit megaphone.fm/adchoices
The Senate & House of Representatives are having trouble getting a stimulus bill out to the American people. The Senate has been working closely with Treasury Secretary Mnuchin. However, twice now, the Senate has voted no on the bill. Politics always drives some of these decisions, but at this point in time, they need to come together and work out a deal. Speaker Pelosi has introduced her own bill, but Republicans say she has added her own provisions unrelated to the Covid-19 crisis.
The Senate & House of Representatives are having trouble getting a stimulus bill out to the American people. The Senate has been working closely with Treasury Secretary Mnuchin. However, twice now, the Senate has voted no on the bill. Politics always drives some of these decisions, but at this point in time, they need to come together and work out a deal. Speaker Pelosi has introduced her own bill, but Republicans say she has added her own provisions unrelated to the Covid-19 crisis.
The Senate & House of Representatives are having trouble getting a stimulus bill out to the American people. The Senate has been working closely with Treasury Secretary Mnuchin. However, twice now, the Senate has voted no on the bill. Politics always drives some of these decisions, but at this point in time, they need to come together and work out a deal. Speaker Pelosi has introduced her own bill, but Republicans say she has added her own provisions unrelated to the Covid-19 crisis.
President Trump announced that there are drugs that could prove helpful to treat the coronavirus. He also requested that the FDA lift its strict rules to help give people access to these drugs faster. While Americans wait for the treatment, Treasury Secretary Mnuchin says the U.S. government will be sending everyone $1,000 soon. Meanwhile, pigs are flying as Rep. Ilhan Omar compliments President Trump's handling of the virus. But we are brought back to reality as people continue to give President Trump a hard time for saying "Chinese virus." And Tulsi Gabbard finally throws in the towel and ends her campaign. Today's Sponsors: Take the Ruff Greens 14-Day JumpStart Challenge today for just $14.95 and see the difference in your dog in 14 days or less. If you want to see your dog thrive again, just go to https://www.ruffgreens.com/blaze Tired of losing your hair? With Keeps, you can save your hair without leaving your couch. Get a free online doctor consult and 50% OFF your first order by going to https://www.keeps.com/why If you don’t know your numbers, you don’t know your business. That is what NetSuite by Oracle has set out to solve. Schedule your free product tour RIGHT NOW and receive their FREE guide, “Six Ways to Run a MORE PROFITABLE Business” at http://netsuite.com/why. Learn more about your ad choices. Visit megaphone.fm/adchoices
This is Coronavirus 411, the latest COVID-19 info… Just the facts… for Wednesday March 18th, 2020. Over 1,000 cases of COVID-19 were reported in the U.S. yesterday, bringing the total to over 6,000 with more than 110 fatalities. West Virginia and The U.S. Virgin Islands confirm their first cases of the virus. Kansas has closed schools for the remainder of the school year. California will likely follow suit. Sonoma County joined 7 other Northern California counties in requiring residents to shelter in place, bringing the total to 8 million. New York City is considering a similar action. The FDA is stressing that there are NO food shortages and Americans should only buy enough food for the week ahead. The White House submitted an additional 45.8 billion in emergency funding to Congress on top of the 8.3 billion Congress approved earlier this month. Treasury Secretary Mnuchin relayed, that tax payments up to 1 million dollars can be deferred for 90 days. The Secretary also said, the White House is talking with Congress about sending checks to U.S. citizens to cushion the economic blow of the virus. As global cases near 200,000, a number of restrictions are being put in place to control the spread. All non-essential travel to the European Union has been banned for 30 days. Australia has declared a “Human biosecurity emergency”, which include a “do not travel” alert. Belgium residents are asked to stay home and limit contact with others. The Philippines have declared a “state of calamity” for 6 months, this will open up emergency funding. U.S./Canada border crossing limits are expected. See acast.com/privacy for privacy and opt-out information.
Carl Quintanilla and Jim Cramer digest the massive market declines. Stocks continuing to fall sharply even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronaviurs outbreak. An instant trading halt at the open as the S&P dropped 6%. The Dow dropping 30% since hitting a record high. Treasury Secretary Mnuchin telling Cramer there will be a lot of 'pent-up demand' when the crisis ends. Learn more about your ad choices. Visit megaphone.fm/adchoices
Carl Quintanilla, Jim Cramer and David Faber breakdown the massive moves in stocks, rallying Friday as Wall Street recovers some of the sharp losses in the previous session - the worst since the "Black Monday" market crash in 1987. Plus, a first on interview with Treasury Secretary Mnuchin as the White House and Congress close in on a Coronavirus bill. Secretary Mnuchin weighs in on the President's possible stimulus package and why he says for long term investors this is a "great investment opportunity." Learn more about your ad choices. Visit megaphone.fm/adchoices
#CryptoCorner: France's Central Bank Considering CBDC, U.S. Treasury Secretary Mnuchin Says U.S. Has No CBDC Plans, Microsoft (NasdaqGS: MSFT) Teams with Enjin for "Azure Heroes"
#CryptoCorner: France's Central Bank Considering CBDC, U.S. Treasury Secretary Mnuchin Says U.S. Has No CBDC Plans, Microsoft (NasdaqGS: MSFT) Teams with Enjin for "Azure Heroes"
#CryptoCorner: France's Central Bank Considering CBDC, U.S. Treasury Secretary Mnuchin Says U.S. Has No CBDC Plans, Microsoft (NasdaqGS: MSFT) Teams with Enjin for "Azure Heroes"
#CryptoCorner: France's Central Bank Considering CBDC, U.S. Treasury Secretary Mnuchin Says U.S. Has No CBDC Plans, Microsoft (NasdaqGS: MSFT) Teams with Enjin for "Azure Heroes"
#CryptoCorner: France's Central Bank Considering CBDC, U.S. Treasury Secretary Mnuchin Says U.S. Has No CBDC Plans, Microsoft (NasdaqGS: MSFT) Teams with Enjin for "Azure Heroes"
Mnuchin Looks at Loosening Regulations, Investing in Large Caps, Brexit Impact on Ireland's Economy Bloomberg News Bond Reporter Alex Harris talks about Treasury Secretary Mnuchin considering loosening financial crisis-era regulations. Dave Harden, CIO of Summit Global Investments, discusses risk management, fundamental analysis, and ESG investing. Martin D. Shanahan, CEO at IDA Ireland, explains why Brexit could be good for Ireland’s financial services industry. Bloomberg Businessweek Editor Joel Weber and Bloomberg Economics Chief Economist Tom Orlik walks through forces threatening the world’s hottest economies. And we Drive to the Close with Eric Clark, Portfolio Manager at Accuvest Global Advisors. Hosts: Carol Massar and Jason Kelly. Producer: Doni Holloway.
Mnuchin Looks at Loosening Regulations, Investing in Large Caps, Brexit Impact on Ireland's Economy Bloomberg News Bond Reporter Alex Harris talks about Treasury Secretary Mnuchin considering loosening financial crisis-era regulations. Dave Harden, CIO of Summit Global Investments, discusses risk management, fundamental analysis, and ESG investing. Martin D. Shanahan, CEO at IDA Ireland, explains why Brexit could be good for Ireland's financial services industry. Bloomberg Businessweek Editor Joel Weber and Bloomberg Economics Chief Economist Tom Orlik walks through forces threatening the world's hottest economies. And we Drive to the Close with Eric Clark, Portfolio Manager at Accuvest Global Advisors. Hosts: Carol Massar and Jason Kelly. Producer: Doni Holloway. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
Andrew Hollenhorst, Citi Chief U.S. Economist, thinks that there is some recognition in the bond market that global growth may be slow for a long time. Mij Rahman, Eurasia Group Managing Director of Europe, says the economic cycle in Europe is not robust due to broader concerns about trade disputes. Jordan Rochester, Nomura FX Strategist, says the ECB has few options left for inflation. Peggy Collins, Bloomberg News Managing Editor U.S. Economy, says Treasury Secretary Mnuchin has left the question of currency up in the air. And Paul Romer, Nobel Laureate & NYU Stern School of Business Professor of Economics, thinks we've been slow to react to some of the negative effects of new technology.
Andrew Hollenhorst, Citi Chief U.S. Economist, thinks that there is some recognition in the bond market that global growth may be slow for a long time. Mij Rahman, Eurasia Group Managing Director of Europe, says the economic cycle in Europe is not robust due to broader concerns about trade disputes. Jordan Rochester, Nomura FX Strategist, says the ECB has few options left for inflation. Peggy Collins, Bloomberg News Managing Editor U.S. Economy, says Treasury Secretary Mnuchin has left the question of currency up in the air. And Paul Romer, Nobel Laureate & NYU Stern School of Business Professor of Economics, thinks we've been slow to react to some of the negative effects of new technology. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
video: https://youtu.be/CUI01OLcS30 U.S. Treasury Secretary Steven Mnuchin held a press conference today where he spoke about the dangers of cryptocurrency and why he's not comfortable with Facebook launching its own currency, the Libra. Because politicians can sometimes be difficult to understand, I have gone to the trouble of translating what he actually meant for everyone. Major takeaway: Bitcoin and Libra are both threatening to the govt, and it is the Treasury Secretary's job to protect the USD at all costs.
As of Friday, the IRS reported that 50 million taxpayers were still working on their tax return. The Federal Reserve continues to be patient by forecasting a hold on rates through 2019. Over the weekend Treasury Secretary Mnuchin said that the U.S. and China were hopefully getting very close to the final round, and discussing whether to hold more in-person talks. Last week's strong Jobless claims reports headlines the Economic Reports. Get The Word On Wall Street every Monday and Thursday at 8:25 when RBC Wealth Management's Holly Kennedy joins AM Quad Cities.
In this episode, the Bruthas pay tribute to fallen rapper, entrepreneur and activist Nipsey Hussle. In doing so, they talk about the challenges (and necessity) of not forgetting where you came from. And in other Los Angeles-rated news, the Bruthas discuss the surprise Magic Johnson resignation from the Lakers and the (not at all) surprising clapback by South Central’s own Auntie Maxine Waters against Treasury Secretary Mnuchin. In national black news, the Bruthas report on the arrest of the suspected black church arsonist in Louisiana. And in galactic black news, they discuss what is (falsely) being reported as the first images of a black hole. Finally, the Bruthas turn film critics analyze Jordan Peele’s latest cinematic thriller, Us. Spoiler alert: One of the Bruthas see the film as an unprecedented artistic achievement, while the older (and wider) Brutha just wants his eight fiddy back.
Welcome Matt Blake from GBAN - https://gbancbd.com/ He joins Tom & Miggy on the news. They Discuss federal updates from the USDA Chief Purdue, Treasury Secretary Mnuchin supports the SAFE Act. And we settle the issue for CBD Causing false positive drug tests.https://health.mo.gov/safety/medical-marijuana/index.phphttps://www.weednews.co/will-i-pass-a-drug-test-using-cbd-oil/Visit cannabis attorney Tom @ https://www.cannabisindustrylawyer.com/Support the show
The US dollar was mixed against major pairs on Tuesday. US and Chinese officials kicked off a new round of talks to avoid increasing tariffs on March 1. Despite hopeful comments from both sides there has been little of substance that markets can digest as trade representative Robert Lightizer and Treasury Secretary Mnuchin will visit Beijing this week.
Rick delves into the President Trump and Treasury Secretary Mnuchin's recent statements about socialism and talks with Alex Shephard about the possible presidential candidacy of Howard Schultz. Alex Shephard is a staff writer at The New Republic.
THE HOME FOR PROGRESSIVE POLITICS This Week’s Discussion: In this week’s episode we talk about Treasury Secretary Mnuchin and President Trump seeking to calm financial markets in light of worst stock market month since the Great Depression. We discuss the latest on the government shutdown and what it means to have the criminal and the insane running the country, including the continuing power of the right-wing fringes and the need for a really big...wall. The Trump Foundation, aka the Trump family pocketbook, is shut down. Does this mean we might talk about it for a while, rather than an actual charity like the Clinton Global Initiative? Nah! The departure of the stabilizing influence of Defense Secretary "Mad Dog" Mattis and what is left "running" the country as Trump lashes out wildly at all around him, including Federal Reserve Chair Jerome Powell and anyone else he can blame for his incompetence. The war in Syria ends? The battle against ISIS as well? Which former President is Trump most like? (Hint: it's the one whose presidential fate we want him to share.) And yet, if we can just survive Trump, there are so many hopeful signs for the future as Republican shibboleths continue to go up in flames. IF. *Also available on Spotify, iTunes, and YouTube -Please SUBSCRIBE THE HOME FOR PROGRESSIVE POLITICS Forward Nation Radio with Professor David Leventhal Visit forwardnationradio.com for all shows, fun toons, stats, and more. If you love what you heard, Like Us and share on Facebook - Instagram - Twitter
The stock market is crashing as Donald Trump hands ISIS, the Russians, the Iranians and the Turks the biggest Christmas gift ever. It's holiday season, and Donald Trump is doing everything he can to destroy our economy, our national security and the world. Happy New Year! In today's episode, we talk about the confluence of the Trump shutdown, the resignation of General Mattis, Treasury Secretary Mnuchin's bizarre press release about bank liquidity, and how all of this has created a perfect storm of instability that is harming America at home and abroad. We then discuss whether this will finally be enough mayhem and chaos to take Trump down. So, yeah, it's not our happiest holiday episode, but these are not normal times. If you like this free episode, please become a patron of the UnPresidented Podcast over at Patreon: https://www.patreon.com/join/UnPresidentedPodcast?
In episode 256, Jack and Miles are joined by comedian Julian McCullough to discuss a profile on Heidi Cruz, Ted Cruz's wife, Facebook's inflated video metrics, the boost of racism in the GOP, how a group of black senior citizens were ordered off a Georgia bus taking them to vote, the mainstream media taking Trump's side in regards to Elizabeth Warren's DNA test, the parts of the world where the resource wars will be fought, updates on the murder of Saudi journalist Khashoggi, the saddest profession, Fran Drescher and Cardi B bringing back 'The Nanny,' a 'Real World' reboot, and more! FOOTNOTES: 1. There's now a 'Golden Girls'-inspired cereal and it's flying off the shelves 2. Heidi Cruz Didn’t Plan for This 3. Facebook may have knowingly inflated its video metrics for over a year 4. Democrats mount a Midwestern comeback 5. Thomas Homan: “This caravan issue lays at the feet of the Democratic Party up on the Hill.” 6. Mary Ann Mendoza: “Until our politicians really make a stand…we’re going to continue to see these caravans of people because we have politicians like Nancy Pelosi who encourage them to keep making this trek.” 7. Black senior citizens ordered off Georgia bus taking them to vote 8. White? Black? A Murky Distinction Grows Still Murkier 9. Here’s Where the Post-Apocalyptic Water Wars Will Be Fought 10. When the (Empty) Apartment Next Door Is Owned by an Oligarch 11. Kelly, Bolton Get in Profane Shouting Match Outside the Oval Office 12. Treasury Secretary Mnuchin pulls out of investment conference, rebuking Saudi regime 13. What we know about the 15 Saudis said to have played a role in Jamal Khashoggi’s disappearance 14. Survey Finds Widespread 'Moral Distress' Among Veterinarians 15. Fran Drescher Says She's 'Talking' to Cardi B's Team About Casting Rapper in a Nanny Reboot 16. ‘Real World’ Reboot Coming to Facebook Watch 17. WATCH: Jordan Rakei - Midnight Mischief (Tom Misch Remix) Learn more about your ad-choices at https://news.iheart.com/podcast-advertisers
Carlos and Bob review the status of the three leading central banks and rely on a report from the Treasury Secretary to help interpret and anticipate Trump Administration actions on bank regulation.Mentioned in this episode: Lara-Murphy Show episode 42: "Do the Feds Have a Plan to Unload the Fed's Bonds?" Treasury Secretary Mnuchin's report on the financial regulation overhaul.The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.
This Week, Joe, Scarlet and Julia spoke with Hans Humes, Chairman and CEO of Greylock Capital about his call that Venezuela is the best emerging market story out there, despite six more years of Maduro. Wendy Cutler, Vice President of the Asia Society Policy Institute and Acting Deputy U.S. Trade Rep under President Obama, came on to talk trade deals and Treasury Secretary Mnuchin "putting the trade war on hold." Meb Faber, Cambria Investment Management Chief Investment Officer, explained why he thinks the real risk is overloading in U.S. stocks, and why investors need to learn to be asset class agnostic. Then Greg Anderson, BMO Global Head of FX Strategy, discussed the Turkish central bank's emergency meeting to stop the bleeding in the lira.
On Sunday, Treasury Secretary Mnuchin announced that “we’re putting the trade war [with China] on hold.” Meanwhile the NAFTA renegotiations seem to be stalling. Professors Epstein and White debate trade policy in theory and practice. Featuring cameo appearances by Ricardo, Keynes, Lincoln, Hamilton, Clay, Mnuchin, and Trump. Did you like the show? Please rate, review, and subscribe!
On Sunday, Treasury Secretary Mnuchin announced that “we’re putting the trade war [with China] on hold.” Meanwhile the NAFTA renegotiations seem to be stalling. Professors Epstein and White debate trade policy in theory and practice. Featuring cameo appearances by Ricardo, Keynes, Lincoln, Hamilton, Clay, Mnuchin, and Trump. Did you like the show? Please rate, review, and subscribe! (Playing time: 37:15)
Dollar Getting Hammered Gold and oil are breaking out, the dollar is breaking down, bonds continue to break down, and no one cares! Nobody is worried. The Dow was up today, although it finished up closer to the lows it was up a lot more earlier in the day although the dollar was getting hammered before the stock market opened and they still bid it up, but the S&P, the NASDAQ and the Russel 2000 all finished in the red, but the losses weren't that big. It's based on the fact that nobody even understands what's going on - what it means. Bass Ackwards In fact, they actually got it bass ackwards. You actually have people who think that a weak dollar is good and that rising inflation is a sign of economic growth. So, there's nothing to worry about! First, let's look at what happened. Dollar index; that was, I'd say the star of the day - or not the star because it did horrible, do you wouldn't give the dollar a star. But it was down about 1 full percent. It closed at 89.25 on the dollar index. We cut through 90 like a hot knife through butter. I think the next stop is a moving average at around 85, and we could be there pretty quickly. We are headed lower quickly on the dollar. Mnuchin: "A Weak Dollar is Good for America!" In fact, one of the things that helped the dollar fall today (I think it would have fallen anyway) was Treasury Secretary Mnuchin's comments that he made to day over at Davos; he's trying to encourage foreigners to invest in America. So he said, "A weak dollar is good for America, it's good for business, we're open for business, so he said he welcomes the weak dollar. This is supposed to make foreign investors feel better about investing in America? You're telling foreign investors that if you invest in America, you're going to lose, because you're going to lose on the foreign exchange. Anybody Who Invests in the U.S. Today Will See Losses My clients know what that feels, because we were investing in foreign stocks during years when foreign currencies were falling against the dollar. So, on paper our accounts were going down. Anybody who invests in the U.S. today will see losses. The dollar is going to fall even more. So right now, the dollar is weak; the last thing you want to do is invest in the United States. You want to invest in markets where the currencies are strong.