Melissa our top story tonight, and report Goldman Sachs is making billionat the expense of consumers by playing a shell game with aluminum. The investment banis sitting on a massive horde of aluminum shifting it from warehouse wahouse delaying shipments to customer to drive up the price we pay for everyday products. It could cost us, the conmer, 325 billion over the next several years. Maybe legal, still irritating come expensive. It is all the word on wall street. I want to start with you, because i wa to explain to our audience the mechanics of how this is happening. This is aluminum it purchased on the exchange in london. Goldman sachs bought the company that owns the warehouse that stores all this. They bought the storage facility. It means when somebody Takes Delivery of aluminum, it is stored in this warehouse. It is reported the wait time has gone from just s six weeks to nw 16 month. As a result, that drives up the ice, they are collecting rent on this,ustomers are making money
Suddenly getting hammered. Dagen wolverine was firm red dawn just for movie buffs. Connell will be along. And Larry Summers, the next fed chairman kontakion life of its own. That will be interesting. Dagen to make the decision by having a math or science contest between the two. Would that be fun . Will talk about all of it. Connell first, lets go to nicole. Stocks now. We are getting hit pretty hard. Exhilaration to the downside. The dollar has been weaker, but you are seeing selling going forward. A few of earnings. Confidence numbers, Consumer Sentiment came in. That was better than expected, but it looks like we are ramming natalie get people deciding to take profits. I was talking earlier this week, also ben willis. There were just talking about the fact that we have run up four straight weeks in a row, and there are people who want to just take their days of the table. Fed week, a lot to go on. But this week it looks like we will have our first losing week for the dow and the s p
2024 is struggling to compete with last year's impressive box office numbers . with 2 expected blockbusters underperforming over Memorial Day weekend, doing historically bad.
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