You informed on overwhelm. Were all in this sphere and together to make it through. To save everybody Stacey Stacey stay safe the priest insists a. 2 trillion dollars of dodgy cash flows at some of the worlds biggest lenders and thats despite Financial Regulation the data leak reported over the weekend has triggered calls for an e. U. Wide Anti Money Laundering Authority to talk to an expert to find out more also coming up good and bad news from the aviation sector ed boss reveals plans for its 1st 0 emission aircraft i know times announces that more cuts due to the pandemic. And bikes are looming council. Why is keep up the demand to go to taiwan war. What counted up your business im going to johnson the lender to have you with us now theres nothing wrong with money wherever it comes from and whatever its used for at least that seems to have been the motto for some of the worlds biggest lenders including germany stacia bank a network of journalists has uncovered trillions of dollars o
Trillion dollars a massive investigation finds Financial Institutions facilitated corruption and Money Laundering on behalf of criminals. And the emmy awards autos the watchman again and again the h. B. O. Drama takes a lab in the emmys in a mostly virtual extravaganza well bring you the highlights. Im sumi so much going to its good to have you with us Foreign Ministers are meeting in brussels where they are trying to break a deadlock over imposing sanctions on bello were seen officials at president aleksander look at the block has a list of some 40 officials of blames for violence against antigovernment protests and electoral fraud during last months president ial election but cyprus is blocking up those sanctions because it wants measures to be taken against turkey. On a separate issue exiled better will see an Opposition Leader sped. Up the meeting in brussels she is trying to keep up the pressure on the International Community to take action and a short while ago she gave an impass
It Just Announced two new watches, two new ipads and a work out service we got all those details for you and later, weve got two big ceo interviews billionaire tilman joins us on state of business and whole foods ceo will discuss how covid has changed the consumer and the grocery business he says forever. Power lunch starts right now yes, it does thank you. As we mentioned, were one day from the fed decision. Another big event looming, 49 days from now is the president ial election. What do our fed survey respondents think of the candidates policies steve is here with those details. Steve. Thanks very much. Some very surprising results from this survey as to the attitudes towards candidates really split along a will the of interesting different lines here we asked who has the best policies for the nation, the stock market and the economy here are the ruesults 60 of our 37 respondents said joe buyiden has the best policy maybe you can find that the reasons for those differences in some
Any new stimulus in sight. And that tiktok trade, you cant really trade it, can you, because its not a public company, but bytedance is formally seeking chinas approval for a deal with oracle and walmart, those are two publiclytraded companies. Yes, they are, jim lets talk markets lets start with that. You know, its funny, i dont know what you make of the pull back today, to the extent we are going to have one or what weve been seeing in apple lately. I keep wondering coming back to that softbank option purchase that we kind of we talked about it for a day or two and then we moved on. Right. You know, a number of people have come back on it with me, jim, and sort of said maybe it had a bigger impact than we realized in terms of the run up of some of these names. It did jack the market up in 1999 fashion which, you know, you know, led to 20002001 which was a disaster and it was frankly unnatural other than zoom almost every one of those stocks that they took up have been crushed apple t
Things that you did in the market today you bought walmart and mic microsoft. Why are you putting money to work in those stocks now why am i putting money to work and then ill get to those stocks we had had a 10 correction. You know ive held cash for a little while im not the onlywaiting for a correction i still have some cash but, look, for this to get worse than a correction, maybe it goes down 12, 13 . I dont know if it to get worse you have to think the fed is ineffective and the cash on the sidelines which we know is there for mutual fund and etf flows isnt going to come flooding in i think it will start coming in. Otherwise, youre predicting the end of the world in 42 years of investing i have yet to see the world ends walmart has a good mixture of brick and mortar with Online Presence has a peg ratio of 2. 0 microsoft has many pistons in the engine whether its azure, the operating system or gaming you see it in the peg ratio which is 2. 2 a 30 times multiple is absolutely reason