Budget off slightly. You better catch up real quick or youre going to have a judgment of possession against you and get addicted to anyone thats homeless is history like garbage people look at you like a monster or someone bad or you chose to be there most of the time its not the case see how it is to be poll in the worlds richest country. Max factor this is the kaiser report excellent news for stock market bulls looks like the mayans were a little off in their predictions the world is ending ending soon and nothing could be more bullish for stocks stays of course if you look at the stock market over the past month weve had some extraordinary days especially for companies that declare bankruptcy right this is the new adding dot com or a blocked chain to the end of your company name and it sends your stock price soaring in particular weve seen like a lot of companies go up over 100 percent in a day once they declare bankruptcy so conspiracy theories claim mayan calendar was wrong and wo
This is causing 2 things the overlord class are becoming fabulously wealthy and the peasants are revolting weve got a good old passive peasant revolt down america and where that go im not sure you know if you look at the bottom 99. 9 percent as weve been pointing out over the past few weeks is they are starting to mimic the top like hollowing out the economy looting the economy and thats a way to get wealthy because it does indeed pay off in our economy for the top one percent especially the top 0 point one percent so you know in particular what were talking about is hertz and Chesapeake Energy Chesapeake Energy as one of these big trackers they started the natural gas fracking business that what you know they were one of the pioneers of this whole space well when news broke on sunday night monday morning that they were going to go bankrupt well you know in america when you go banker. Its in chapter 11 we declare chapter 11 what happens is your creditors line up to see who gets the deb
500 stocks down over the last 10 weeks today was the 3rd straight day with over 6000000000 shares traded on the nasdaq all of which have been higher than any day in history to put that in perspective from 2009 until 2020 there wasnt even a one day with 5000000000 shares theres no connection between the economy and the stock market now thats not abnormal theres usually a lag between the 2 main street can collapse and then stock market can start moving up based on anticipation of main street or the economy picking up and sometimes the stock market will go down before the economy does because it has this tendency to be a quote discounting mechanism but what were seeing here is not a discounting of prices based on some fundamental analysis of the economy what were seeing is an utter divorce an utter split from the real economy and the financial ised funny money fed driven casino that is now taken over the globe this is causing 2 things the overlord class are becoming fabulously wealthy and
Well i think you might be talking about our stock markets these days driven by fed liquidity and well whole bunch of people in america 100 over 100000000 got free money remember and free money what do you do you spend free money the crazy with free money its like walking into the casino and they give you some free drinks and free chips and they say go at it well not a single s. And p. 500 stocks down over the last 10 weeks today was the 3rd straight day with over 6000000000 shares traded on the nasdaq all of which have been higher than any day in history to put that in perspective from 2009 until 2020 there wasnt even a one day with 5000000000 shares theres no connection between the economy and the stock market now thats not abnormal theres usually a lag between the 2 main street can collapse and then stock market can start moving up based on anticipation of main street or the economy picking up and sometimes the stock market will go down before the economy does because it has this ten
Now more than 47 off the march low. The nasdaq closed at the record highs as well. This morning, seeing give back the dow indicated down by 345 points the s p indicated off 35 and the nasdaq off by 70 points. If youve been watching cha is happening with treasury yields, a lot happening. The 10year at 0. 82 we had been at 0. 9 . We had been at 0. 7 . We are seeing a little give back with oil prices seeing wti down just 0. 5 . We have another big show. Three squawk exclusive interviews taking place. Finding solutions for economic racial inequality. The highlight is ceo of e sen sur. And from barrons with a lot to say. Dick parsons will be joining us. A lot on tap thank you getting an update now on the reopening. Movie theaters in california can reopen on friday only if they obtain approval from county officials requiring imposing safe guards including limited attendance to 25 or 100 people, when whichever is lower. New york mayor bill de blasio is planning to make parts of manhattan, bus