Of impact as nasdaq saw third record finish in a row. The investors investigating big week for earnings. Here we go folks. Big banks including jpmorgan wells fargo city group and bank of america on tap to report this week. And back to the happiest place on earth disney world reopens in florida. The despite a record surging case in that state. What is being done to keep visitors safe. That is ahead. And chinese new a l products possibly only hold company considering pushing back annual reveal of newware what is you should and should not pick up right now. And if you developed bad habits in quarantine, you are not alone. What you can do to break them. Thats coming up, mornings with maria is live right now. Right here we go with european stocks they are up this morning. There is optimism other earning season reaching across the globe as you can see the tax 40 in green and a meeting about European Union Recovery Fund proposal. Now to ash sha overnight green acrossed board there as well. Ma
2008. So today lets kick things off in the nest of wall street vipers as we start watching hawks. Like you got. The. World around watching the hawks i am tyrone winter and joining us today for another rousing round of Panel Discussions and some of the most Important News stories of the week is the host of boom bust investigative journalist but its one of the legal and media almost lionel of a lot of media from miami r. T. Correspondent john hardy thank you all for coming on today. Kristie ill just throw it out to you 1st what are the real dangers of all these major household corporations that we see these names a. T. M. To General Motors and the such racking up 10 trillion dollars in debt equaling to 47 percent of the overall economy well the biggest risk right now that all the analysts see is that 50 percent of the 10 trillion dollars needs to be refinanced by 2023 they need to be refinanced are paid back because its going to be doing 2023 and right now half of these corporations aren
Corporations we see these names a. T. M. To General Motors and such racking up 10 trillion dollars in debt equaling to 47 percent of the overall economy well the biggest risk right now that all the analysts see is that 50 percent of the 10 trillion dollars needs to be refinanced by 2023 they need to be refinanced are paid back because its going to be doing 2023 and right now half of these corporations arent due and most likely they wont be able to pay it back because theyve borrowed right now where we have extremely low Interest Rates they currently are making investments into Capital Expenditures are hiring are increasing their efficiency as an operation now theyre hoarding it in order to make equity buybacks which really is artificially boosting up its stock prices for the Corporate Executives are not making any Real Investments into the company or boosting the economy in a way that originally Monetary Policy and took it out because economic dictated that it would so because of that
Be able to pay it back because theyve borrowed right now where we have extremely low Interest Rates they currently are making investments into Capital Expenditures are hiring are increasing their efficiency as an operations no theyre hoarding it in order to make equity buybacks which really is artificially boosting up its stock prices for the Corporate Executives are not making any Real Investments into the company or boosting the economy in a way that originally Monetary Policy and trickle down economics dictated that it would so because of that if theyre on able to refinance if theyre unable to pay loans their bonds would then be downgraded and as soon as they downgrade from what it currently is the lowest of the Investment Grade bonds that will start a callous in which case every other bond will start defaulting and then the fallback will be huge whoa whoa that is frightening and everybody is going to say its in your head is spinning at this moment right now because the explains all
Okay. From what we understand, two structures threatened and again, fear about the fire spreading into these subdivisions. Media briefing is about to get under way. I hope to get more information for you and to be able to bring that back to you later in the show. Reporting live out here in dublin, Lesley Brinkley, abc7 news. Thank you. We will check back with you. Numerous abc7 viewers provided video of this afternoons grass fire. It put up smoke visible for miles. It spread quickly which is why homeowners were told to be ready to evacuate. This video shows how close it came to houses even from across the freeway. It put up a thick white cloud of smoke. This picture was taken everybody quiet a distance from the fire, giving you an idea of just how big it got in a short amount of time. Let us quickly go to Spencer Christian with a look at conditions in the area in particular of the wind. Wind is the main concern. In terms of weather conditions. Only 79 degrees in dublin right now. Its n