Economists are desperate to get clarity on the labor economy. We will ramp up coverage until jobs day later in the week. Lets get to the bloomberg first word news in new york city with ritika gupta. Ritika president is denouncing a blockbuster report on his taxes as fake news. According to the New York Times, the present page 750 on u. S. Income taxes in 2016 and 2017. The paper says he reportedly lost millions of dollars from his golf courses, and is hundreds of millions of debt and is in hundreds of millions of debt this coming june. Democrats are previewing the to oppose the confirmation to Supreme Court nominee amy coney barrett. By zeroing in on the risk to Americans Health care coverage. The Supreme Court will hear a case in november that could lead to obamacare being ended. Regardless, that confirmation seems assured because republicans have a majority in the senate. The Trump Administration has suffered a setback in its showdown with tiktok. A federal judge has temporarily bloc
I am max kaiser this is the kaiser report 1st of all i got it shout out congratulations to my friend Ronnie Osullivan who have won 6 times now the World Snooker championship up there at the crucible in sheffield thats in england ronnie is the mozart of stoker and as you can tell by by american accent i have no idea how to pronounce snooker but it doesnt change the fact that ronnie is the greatest of all time in that sport that i cannot pronounce congratulations ronnie and i hope to have you back and cause report soon dont be a stranger ok now lets talk with stacey. I think its something along the lines a snoop snoop at. Something like that anyway you know what max was a champion in predicting this sort of headlines then druckenmiller speaking of london i guess they used to run the quantum fund out of there right the in george soros yeah im not sure where they dumbass styled probably somewhere waiting. For certainly they did crash the pound and that is this guys then druckenmiller he wa
Morning here on our team to National Well be back with an indepth look at all of our top stories in an hours time to see that. Kaiser the report still. Max your steps because kaiser report was right as always all the time or always right Warren Buffett has been obviously watching this show hes told hes tuned out of what is c m b c and bloomberg you no longer listens to them because the 1st tweet hear the 1st chart this is what weve been pointing to and this is obviously what Warren Buffett has been reacting to the fed now own a total of 22000 913. 00 different securities according to bloomberg it is the worlds biggest investor. Yeah so a lot of things here that weve been talking about that warren was late to the game you know weve been tracking his tardiness in many of his investment themes like very late apple very late to amazon he bailed out of airlines again for a 2nd time at a huge loss he got into gold very late and of course when he got into his gold stock people are saying well
This morning i got a call from the cleaning and i am an ideal candidate here. Theres not much in there looks like a couple of drops im ready. Those are main stories here in our international you can read more of our. Report is straight ahead on. National and in the u. K. And ireland it is with us. So i said. Well max youve often talked about the me mcconnell me and the you know the economy getting ever lighter and lighter there are more and more intangibles and this is shown in this chart 84 percent of the s. And p. 500. 00 assets are now intention this is a chart of the corporate Balance Sheets are more knowledge driven s. And p. 500. 00 Company Assets in trillions of dollars and as you see the tangible part of companies they just increase slowly since 1075 when 17 percent of a companys assets were intangible back in 1075 and now its 84 Percent Companies used to make stuff and they had value terms of the factories and their employees and their trade deals etc but now we have a situati
A snoop snoop at. Something like that anyway you know what max was a champion in predicting this sort of headlines then druckenmiller speaking of london i guess they used to run the quantum fund out of there right the in george soros yeah im not sure where they dump a style probably somewhere waiting. For certainly they did crash the pound and that is this guys then druckenmiller he was on one of the Financial News shows here in the United States and he predicts inflation and deflation out of the ordinary huge numbers he sees inflation will hit 5 to 10 percent over the next 4 to 5 years and he said thats based on what he heard at virtual jackson hole that the fed is encouraging the government to print more money more stimulus so fiscal stimulus and thats like m m t he said and this is going to cause inflation on the other side he said theyre all there asset price bubbles that the fed is stoking is going to cause collapse which will cause a 3 to 5 percent deflation on the other side so