One of the hottest stocks in the market, General Motors dives in and the ceo will join us in just a moment power lunch starts right now welcome to power lunch. Im dominic chu. One bright spot is the Housing Market you have restoration hardware, williams sonoma, theyre jumping and then you have trex, which makes decking and railingtype products for homes and two Retail Stocks hitting new highs, will brands a the a 52week high, target at an alltime high yet again today after its big blowout Earnings Report yesterday. And, kelly, you mentioned the electric vehicle trades tesla a the at a new high is up 20 in just this past week kelly. All right, dom. The dow sliding today and heading now for a down week. Lets go to bob pisani for the action the markets are still having a hard time to figure out on what to focus. Do you focus on the spring reopening in 2021 and Second Quarter or on the covid winter right now . Today a little more focus on the covid winter the good news is tech which has be
Next hour right now though it is the kaiser report stay with us. Hi there im max kaiser this is the kaiser report you know the stock market as a subset of the economy has undergone a transformation and become the plaything for speculators fueled by incredibly egregious money printing by a rogue central bank and this is causing all manner of dislocations mal investments in societal changes for more lets turn to Stacy Herbert hey well you know what something that you predicted would happen is happening and its coming true billionaires lining up to take their companies private so what will robin her dish trade when everything has been l b. Right so as weve been saying on the show for a number of years all this money printing in the strategy of Companies Taking themselves private or buying back their own shares with the 0 percent Interest Rate would end up with a economy and a stock market that doesnt exist anymore because its all been taken private remember during the 1980 s. Michael milk
Prices decline. The asx down nearly 1 . We dont have trading in india either because it is mahatma publics birthday, a holiday. Futures are trading on the nifty in singapore down zero point 3 . The 10 year yield slipping back as anticipated. A slight move to the downside with regard to the futures contracts. You see the currencies and weakness creeping in into the dollar overnight. We have seen a reversal of that this morning. You have the yen a tad weaker. Sterling had rebounded to 1. 29. Seenis after we have brexitinduced losses. The aussie dollar unchanged. Haslinda lets get the first word headlines. Top white house aide hope hicks has tested positive for covid19. She traveled with President Trump on air force one to tuesdays debate in cleveland. The president says there is no indication he contracted the virus. Tested positive, National Security advisor robert obrien. He has spent as much time with the president as hicks has. Coronavirus infections continue to surge with the new yo
Is international. Hi there im max kaiser this is the kaiser report you know the stock market as a subset of the economy has undergone a transformation and become the plaything for speculators fueled by incredibly egregious money printing by a rogue central bank and this is causing all manner of dislocations mal investment in societal changes for more lets turn to Stacy Herbert hey well you know what something that you predicted would happen is happening and its coming true billionaires lining up to take their companies private so what will robin her dish trade when everything has been l b. Right so as weve been saying on the show for a number of years all this money printing in the strategy of Companies Taking themselves private or buying back their own shares with the 0 percent Interest Rate would end up with a economy and a stock market that doesnt exist anymore because its all been taken private remember during the 1980 s. Michael milken introduced the revelation in the revolution i
A number of years all this money printing in the strategy of Companies Taking themselves private or buying back their own shares with the 0 percent Interest Rate would end up with a economy and a stock market that doesnt exist anymore because its all been taken private remember during the 1980 s. Michael milken introduced the revelation in the revolution in leveraged buyouts the l. B. O. They borrowed money they acquired companies they sold off assets they kept a difference and they made many many billionaires the 1st huge wave of billionaires in America Thanks to Jackson Burnham mike milken in the leveraged buyout down 2020 weve got the end game every Single Company is a private equity firm Berkshire Hathaways a private equity firm all hedge funds are private equity firms all private equity firms or private equity firms are all borrowing money and 0 percent Interest Rate theyre all taking all the pieces off the board every house and house sell the monopoly board called americas being