A tie for of the flag of colombia and just to remind people that the g. D. P. In 2018 here was 518000000000. 00 down from 637000000000. 00 in 2017 thats mostly due to their currency falling they took a 57000000000. 00 loan out from the i. M. F. Of which about 44000000000. 00 has been paid they did also issue in june of 2017 a 100 year bond and it was oversubscribed they sold 2750000000. 00 worth at a 7. 9 percent yield all those people are down by over half and into this situation so you know we are outsiders were trying to observe what we see here and just be aware that you should do your own research of course because as difficult as an english speaker with out much spanish to know fully all of the players and whats going on here no stocks or what the a. T. M. Fees its like 10 percent and higher over 10 percent if its a good 100. 00 or whatever no because youre only allowed to take. Oh 85. 00 a day yeah. Yeah they charge me 11. 50 to take out the 85. 00 i was thinking about Interest
Long time before it recovered september highs. How long . Try about 25 years. In other words, the highs we reached that year, at the peek of that bull market, september third, 1929, were not realized again until november 23rd 1954. You hear about catalysts and Hedge Fund Managers at time, were not called Hedge Fund Managers. Were worried about the giddiness building. It was too far, too fast a great comeuppance. Herbert hoover who was providing over roaring market. He came into office in 1928. Things were swimmingly two years later. He would not survive in the next election. Someone who was considered laughable shot rising to the white house, you might remember the name. Franklin roosevelt, Big Government spending liberal, who many said who would have no chance taking 1600 pennsylvania avenue in the middle of a financial crisis. Reminders that unexpected developments can change outcome of elections. We saw that in 2018, john mccain, fellow named barack obama were deadeven until the met
And will only be down a fraction at the opening bell today. The nasdaq, that is four points away from its high and will be up nine at the opening bell this morning. Across the board, stocks remain strong. All right. Now, im going to show you three wellknown companies that are big losers today. First of all, grub hub. Ouch. Down, what, 33 . Each day our planet awakens with signs of opportunity. Its forecasting weak sales in the future. But with opportunity comes risk. Beyond meat, down about, what, and to manage this risk, the world turns to cme group. 20 bucks right now. 20. 73, 19 , even though it we help farmers lock in future prices, reported a profit. Todays the day when insiders are allowed to sell. Banks manage Interest Rate changes google, thats down even though all so they can manage their risks and move forward. It brought in 40 billion worth of revenue in just three months. Its simply a matter of following the signs. That was up 20 . The stock is down, now its down they all l
Identity fraud is a hugely important problem. Today, criminals have tools at their disposal to get at sensitive Consumer Financial data. Complicated situation and that we get briefings like wheree i just received you go through just how massive the problem is and the techniques that are available. We realize that mentioning them in public is not a wise thing to do. This puts us in a tough situation. And thell of my Members Committee and their staff to get those briefings from members to our testifying today to see how big a problem this is. It is costing us a lot more than we think. Toolsare large numbers of that people use. These intrusions are only becoming more sophisticated. In the news this week there was synthesizer voice from anke instructions employee who thought it was his boss. That will accelerate as the Technology Gets more advance. The stakes in this are a enormous. Financial services at the front lines of this attack. It can be used for something to do Identity Fraud. It
Carol porsche unveiling its first ever electric car in a battle to steal the market that tesla built. We look at the taycan turbo. Jason our big story of the week, brexit. Boris johnsons do or die strategy to exit the eu was derailed and his plan for a general election was rejected. Carol what a week. Having bet everything on getting britain out of the European Union by october 31, now he really cant back down. Lets bring in our editor from london on whats next for the u. K. Prime minister and if he will need to delay brexit. What a week it was for Boris Johnson. How weakened is he as leader of the u. K. . Boris johnson is completely trapped. He has been british Prime Minister only six weeks and has already discovered that there is not a great deal that he can do. He is in charge of a government that has no majority at all in the house of commons, because not least, he decided to fire 21 members of his own party. He refused to follow his instructions. It is an extremely difficult situa