Which means that shareholders will get nothing but share prices rocketed by up to 50600 percent they keep on going up and down then the judge approved the plan when the creditors came and said basically they wrote in an application to the court basically saying theres some maniacs who are buying this bankrupt company and we the creditors have the full rights in the courts in Bankruptcy Court so if these people are willing to give us their money for free then we should get that and she approved so i wrote about this again to remind you because this is something a quote from boston yet that we often say here on the kaiser report and that is one plunder becomes a way of life for a group of men in a society over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies a right this is something new and initial bankruptcy offering be no better been done before and the equity. Hertz is worth negative 2000000000. 00 and the valuation in th
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
The dawning realization of what we are seeing across all of latin america, but, yes, it was a testimony of dr. Fauci. I would point out that an hour and a half before dr. Fauci spoke, there was very difficult inflation data, disinflation the, deflation data in United States of america, and that seemed to shift the mood. Francine and also it is , a pretty bigood plunge, and a lot of people say this is only a taste of things to come. Thats get to first word news in new york city with richie but the lets get to first word news in new york city with ritika gupta. Tolda the head of the cdc the committee that the u. S. Is not out of the woods yet on from. Anthony fauci warned that communities that ignore guidelines for reopening are in danger of new outbreaks. He said he has a confrontational relationship with president trump. We are waiting to see if Jerome Powell gives anything away about what he will do next. Time, he. M. New york may announce doing something about mass unemployment. He d
Rates can go. Deal toor merkel says a bailout lufthansa is edging closer. Warns of ad airline multibilliondollar rescue. 7, 8. I found the roadmap. One thing we have touched on. It is about demand. It is not about which camera. It is about demand. You have mark cuban of the Dallas Mavericks obviously supporting, talking about. Usinesses that cant survive jp morgan, citigroup, goldman sachs. This is the issue. Synchronized, un dislocated reopening which is know when youre 100 , which pulls into question that the veracity of the argument goes from 20 that unemployment goes from 20 to 10 . The road is dislocated. Nejra you got a sense of that in the fed minutes. Gloomy prognoses. What might be considered more is yield curve controls from here rather than negative rate. They were apparently not discussed as much to. That was kind of the take away from the fed. Yieldted discussion of curve control. They also said some banks should limit payouts to shareholders then you have the u. S. China
Mostly a celebration that this planting has been recognized as something that everyone can celebrate. Reporter a new way to celebrate. A bay area legend is using his platform to spread. And i want to express my appreciation to the ambassador of the bay, e 40. Reporter last night we caught up with e40 over instagram live. At least seven people close to him have tested positive for covid19. Hes asking everyone to home. Dispen dispensaries are doing deliveries. This was the scene this morning. This seems long but this industry has also taken a hit during this pandemic. Cannabis businesses are declared essential. Theyre essential but not equal. San francisco has a gross receipts tax thats coming in january thats going to tax cannabis retailers 51 times higher rate than your traditional retailers. Reporter as we speak, San Francisco Police Officers are patrolling golden gate park. Any violators will be cited. In San Francisco, luz pena, abc 7 news. Today San Francisco released a map of coro