We begin with the call from Goldman Sachs to avoid apple, to sell it. John, to you first it is your biggest position. Is this the right call from Goldman Sachs reiterated to get out of apple all right were not hearing jon. Well work on that the steve, youve trimmed a bit of it what do you make of this call. We see apples recent Stock Performance and trading level as unsustainable and will continue to recommend that investors avoid this stock i did trim some a number of months ago its still my biggest position i trimmed it to me, apple is the market right here the stock does not deserve to be where it is but neither does the market and neither do a lot of stocks. I believe youre in front of the companys biggest Product Launch ever, which will be the 5g phone. The market is forgiving lot of the sins if youre looking at purely does it deserve to be here in a microscope looking at apple . No you can make that case on anything im not selling anything let me take that back. I may trim a litt
Close to current levels. Joining us now from our amsterdam euro is the Senior Energy economist at abm amro. Unchanged does not sound so that in a world where everybody is concerned that the economy is teetering on a recession. Do you share that view . Say i dont fully agree. We are a little bit more bearish to be quite honest. Especially after last weeks opec meeting, i think that agnal was rather mixed and little bit disappointing, actually. Saudisderstand why the think it should be 50 it should be 65, but i have my doubts whether we see that. Anna good morning to you. Let me ask you about the impact of the price we have at the moment on the ipo taking place tomorrow of saudi aramco. What are your expectations . We have seen expectations paired back. Creation of the worlds most valuable company. Yes indeed. It was a positive. In that respect. It was well oversubscribed. The price at the top of the range. Indeed, on the other end, it was disappointing because saudi arabia expected more
Secretary general sounds the alarm on a rising Global Temperatures we hear from an indonesian fisherman waging his own personal battle the resulting rise in global sea levels. Im glad you could join us. Prosecutors have charged one of maltas wealthiest people as an accomplice to the murder of investigative journalist daphne. Pleaded not guilty to his alleged involvement in the. Police arrested him 10 days ago while he was trying to leave on his luxury yacht. Was investigating government corruption when she was killed in a car bomb attack 2 years ago. Her sister shortly after fenech appeared in court. I will be content when every when full justice is finally delivered for everybody involved into his murder and everybody she ever exposed and everybody involved in her possibly has not been identified yet which is why were expecting the Prime Minister to leave office and parliament and be investigated himself along with his chief of staff. Because they may have very well have been involved
Foreshadows a short squeeze on the dollar the feds so far 128000000000 dollar intervention in the repo market slipped off the wall street journals front page thursday evening hardly a concern dont be surprised if years from now the squeeze on short term borrowers that cause this flurry of excitement is recall as an Early Warning sign of the Banking Systems coming collapse on tuesday there simply werent enough dollars to keep Short Term Loans rolling this implies that the dollar short squeeze that i 1st wrote about barrons and the San Francisco examiner more than 2 decades ago may have. Array the dollar short squeeze the fascinating topic. This would be deflation according to the deflationists out there and how the collapse of the bond market the credit markets have. Continued despite all the money printing despite all the attempts to reliquefy Banking System doesnt matter the internal. Of the bond market as its traded internally by banks is continuing to collapse and on the surface thi
Appears to be spot on should be all fear the deep state. Kaiser this is the kaiser report so much so many things that yes. You know i notice that its basically crash season upon us and you could tell that because how dark it is outside all the time in the morning late into the morning that it stays dark and everything on the surface seems a ok but under the surface theres some sort of turmoil brewing in the Financial Markets in oh weve been looking at this repo situation and you know something apparently like at least one bank survived going under in the past week or 2 according to nick. But heres an interesting interpretation as well from Rick Ackerman at Rick Ackerman dot com hes a former market maker and financial journalist and he says repo rumpus foreshadows a short squeeze on the dollar the feds so far 128000000000 dollar intervention in the repo market slipped off the wall street journals front page thursday evening hardly a concern dont be surprised if years from now the squeez