Melissa, kelly, and yours truly, were now at session lows as you see right there. The dow off more than 300 points kicking off the week in the red. Energy financials the worst today check out the big names falling to fresh lows. Trip adviser, macys, pfizer, kraftheinz hitting a record low today. We begin with the turmoil around the world as the trade war between the u. S. And china rages on escalating tensions in hong kong are adding fuel to the fire aman is live with the latest. You get the sense that theres increasing pessimism among some on wall street and at the same time you see this increasing tension in the streets in hong kong over the weekend. Heres the pessimism piece of this this came in the note from Goldman Sachs yesterday. They are changing their 4th quarter growth forecast to 1. 8 . Thats a modest change to the down side they say its caused by sentiment and uncertainty. Also they say contributing here financial conditions and supply chain disruptions from the on going tr
Conference calling to defend the freedom of the press. Those are the headlines this hour you can find more on these and many other stories. For now though its the cards report and if youre in the states you. Because youre this is the guys very poor we are going to maintain their San Francisco great event put on by a big going magazine but a great speaker of great talk about theyre going to fully embracing a new leg of its bull market very exciting action susie yes well you know were in our whole Summer Solutions beginning of that happening were in summer were into la its all like happening and we have this remarkable tweet here and its from another big player because you know this big move that weve seen a big client and its still very volatile and you know you do your own research of course when whenever buying restacking sats as they call it and never invest more than you can afford to lose but here is the latest movement in big. What is quite apparent and has been discussed at this
Family Office Accounts Corporate Accounts various manage money accounts is over 100 trillion just sitting there looking for something to preserve wealth and that something will be increasingly big coin well says. Everyone agree with out. There on there im getting the standing ovation now wherever i go people throw flowers. And they think me profusely now but still i question is looking out is that trust let me share. Mine because gold has always been a safe haven during times where nations are de globalized and where they dont trust each other and that is when people turn to gold and now people are bigger institutions and nations might be turning to big coin but on the individual level where there retell hers. And operates one thing you see over and over and you saw that with you see it with Elizabeth Warren and what they do is they mention that its a rigged system. And gold are ways to escape that rigging the manipulation and system rigged towards a particular participant in that syst
A segment with invesco chief Global Market strategist Christina Hooper is the ultimate safe haven trade she says that might not be too far fetched well certainly there are a lot of safe haven trades and ive heard some strategists argue in fact that bitcoin is a safe haven trade or perhaps an indicator that were very close. I think that might be a sign of fears about recession but but certainly it makes sense in this environment that we see investors looking for safe havens but i do think its a mistake with the fed signaling its willingness to be a lot more dovish right well the main idea of decline is safe haven 1st talked about on this show few years ago as being the ultimate safe haven better than gold to be a safe haven and that a lot of money moving into big going was the result of safe haven funds risk off money when the risk in stocks of bonds gets too high theres a risk. Off feeling in the markets and institutional money starts looking for safe havens becomes a safe haven this t
Something will be increasingly big well says she. I mean everyone agrees with. Their on their im getting the standing ovation now wherever i go people throw flowers. And they think me profusely now its like question is looking at is that trust me chair. Fine because gold has always been a safe haven during times where nations are de globalized and where they dont trust each other and that is when people turn to gold and now people are bigger institutions and nations might be turning to big coin but on the individual level where there retell person operates one thing you see over and over and you saw that with tom tom see it with Elizabeth Warren and what they do is they mention that its a rigged system. And gold are we. That rigging the manipulation and system rigged towards a particular participant in that system and its always the banks in terms of our Financial System and im going to turn to have mine that again report has been at the forefront of this since the beginning 10 years a