Stupid today on made well be examining a range of illusions India Economy im chris colfer welcome to the show now one big illusion that drives people in business is the notion that you can make a fast buck for a little work if someone promises that you should be suspicious my colleague went undercover to examine the world of multilevel marketing which has often been criticized as a pyramid scheme. Or. Sounds pretty cool the whole thing cost me 86650. 00 euros and ive never met anybody whos taken out more money to make paid in multilevel or Network Marketing the 1st time i heard of it was because a good friend who had go involved with it and tried to sell me lets say some funny stuff. And it goes like this you become an independent seller of a product weight loss shakes make up Financial Products just about anything goes plus you can make money by bringing people into the system you earn a percentage of their sales too but of course this cant go on forever every member recruits 5 new pe
A fast buck for a little work if someone promises that you should be suspicious my colleague went undercover to examine the world of multilevel marketing which has often been criticized as a pyramid scheme. Or. Sounds pretty cool the whole thing cost me 86650. 00 euros ive never met anybody whos taken out more money to make paid in multilevel or Network Marketing 1st time i heard of it was because a good friend who had go involved with it and tried to sell me lets say some funny stuff. And it goes like this you become an independent seller of a product weight loss shakes make up Financial Products just about anything goes plus you can make money by bringing people into the system you earn a percentage of their sales too but of course this cant go on forever every member recruits 5 new people they in turn recruit 5 new people after 14 times there will be more people in the system than in the entire world. While im researching this i come across masses of offers like these its always abo
But how exactly can they get that done . We speak with former ge vice chairman bob lutz in a moment. It and cnbcs coverage of the coronaVirus Outbreak begins right now. Good morning and welcome, im Courtney Reagan live in times square we begin with breaking news. Stocks set to fall at the open at futures overnight hitting their limit down levels once again. We are well off the session lows at the moment. Dow jones industrial average indicated lower to the tune of 1100 points, the nasdaq down by 213 points lets check in on the etfs that track the major averages remember, these are not subject to those limit downs the dow etf is indicating a drop of 3. 75 the spy down by 3 the qqq, that tracks the nasdaq, down by almost 3 . Lets take a look at whats going on in the fixed income market and take a look at treasuries this is a closely watched barometer of everything going on with the economy and the markets. The yield on the tenyear note is sitting at 0. 38 . A rough morning in energy. Gaso
Lets look at markets. We are not saying much. Coming up, you will hear from this man. Our interview on risks and Financial Markets. And Brian Moynahan on the state of the american consumer. Lets get bloomberg first word news. Frozen pork, pharmaceuticals, some reductions from china, not related to trade discussions, but part of beijings effort to support the claim it is opening its economy. Weekend, aa tense Police Officer pointing his revolver at protesters. U. S. , President Donald Trump asked about ukraine aid before his call with the countrys president. The heavily redacted emails were by the Nonprofit Center for public integrity. They show the administration ordering a hold on aid in our after the phone call. Bush fires burning out of control in new south wales. Died,st nine people have hundreds of buildings have been burned down. The fires of being stoked by record temperatures in the region. Guy the s p is up, bonds are higher, gold is gaining. What about next year . Is joining
The dow plunging 280 points and s p 500 down 6 and nasdaq down. 55 but that is not true if the trade war were really all important, the averages would never have been able to surge to record levels over and over and over again as tense as negotiations may be it is more of an issue than most people seem to realize if that is the case, what just happened over the last four days why is the action suddenly become to frightening . What does it mean for your future and your portfolio . You have to think about larry kudlow, the chief economic adviser and Steve Mnuchin and thought china would be willing to open up the economy to American Financial companies if the president would give them a stay of execution on the scheduled december 15th trade hikes. But the hardliners in the white house, no, they warned us. They warned that if the free traders kept talking up the prospects of a deal the Chinese Government with push for better terms. That is thur style weve seen this before every time trump