A wave of city hall Corruption Cases that expose americas pay to play problem here in california Los Angeles City councilman jose was are has been charged with one count of conspiring to violate the racketeer influenced and corrupt organizations act for allegedly selling the city to several Real Estate Developers including the wealthy head of a Chinese Company seeking to build a 77 story skyscraper downtown now in exchange for approving or stalling large building projects which are reportedly received more than one and a half 1000000. 00 in bribes including Campaign Contributions lavish dinners and even stacks of casino chips jesse many people think political corruption like this only happens in nonnative member countries which we refer to as the 3rd world but this right here is an example of perfect and good Old Fashioned homegrown corruption yes it is brigitta and i think there is something we need as the United States people need to understand. We are no longer exceptional in the Un
Closely. The treasury yields are probably the more important story were watching this morning. Lets take a look at that. Youll see the tenyear is yielding 1. 067 . Mike santoli point the twoyear at 0. 73 right now. Its been cut in half since valentines day. I think a lot of the push and pull of futures from when they opened last evening, are we going to get a surprise rate cut . Weve had Central Banks around the world comment on that. Its been stunning considering bond yields were already very, very compressed coming into this weekend and now weve just stretched the new lows. At one point 0. 69 , that still stuns me for the tenyear. Weve been continuing to watch these numbers drop rapidly this is the story people will watch closely. We should point out, stocks in shanghai surged overnight on speculation that authorities will stimulate the economy soon. As mike mentioned, theres talk of potential coordinated central bank move. Thats something our guest host talked about on friday, an op
Tarus cruise missiles, with the help of which the ukrainian army. Could overcome mines fields established by the russians and recapture the territory a day later, another article. The author openly lobbies for a hundred. Taurusov calls the discussion on each type of weapon tiresome for ukraine and judging by what he said to spiegel, the official representative of the spd on foreign policy, nilshtmit schultz, looks like he will mature when he returns from vacation. I see that deja vu is waiting for us, as in the case of tanks. We are now refusing to transfer important military equipment, which is likely. A large part of German Society will eventually be delivered. At this requires a completely different thousands , protesters gathered at the Brandenburg Gate in berlin demanding that the authorities stop sending weapons to ukraine any person delivering weapons means only death in ukraine this only prolongs the conflict and the suffering of the civilian population to the vice chancellor.
Dividends and buy backs for all major u. S. Banks financials rise ago cross the board in the free market. Drops its bid to buy rite aid buying stores instead. Rite aid shares are plunging because its future is called into question. Blue apron at the low end of a lowered range. The Amazon Effect and signals for an already slow year for ipos first up though stocks are looking to maintain upward momentum after the nasdaqs best day of the year and the saeps best day since april financials doing their part after the fed approved capital return requests for 34 of the largest u. S. Banks a lot of the hikes and capital returns that we saw yesterday mostly above expectations. The market just figured this out. Its been so well telegraphed that theres going to be good news but managements and boards and banks themselves were more aggressive on the buy back and dividend intentions and they all got approved i also think you cant separate it from bond yields. So its good news on capital return there
And we also want to welcome our guests for this hour joining us this morning from londons Nyu Stern School of business professor Scott Galloway and from one markets, cofounder Kate Mitchell were watching shares of amazon. 14 hours into prime day. 14 hours into prime day. The company is saying the echo is the best per foming bestselling item for the day. Marked down by 50 its not just amazon were seeing deals across ebay and best buy mark things like ipads, lap tops, smart watches down by 47 . Lost the script. There kate, when it comes to amazon, is there a point at which the sort of dominance of u. S. Retail sales and disruption of the brickandmortar Retail Business stalls out . Well, its hard to see in a day like today i mean, these guys continue to impress me and theyre using prime day which is the day that they for prime users only have what are like black friday deals available on all kind of products and greatly expanded the number of products this year. And on top of it, you can