500 stocks down over the last 10 weeks today was the 3rd straight day with over 6000000000 shares traded on the nasdaq all of which have been higher than any day in history to put that in perspective from 2009 until 2020 there wasnt even a one day with 5000000000 shares theres no connection between the economy and the stock market now thats not abnormal theres usually a lag between the 2 main street can collapse and then stock market can start moving up based on anticipation of main street or the economy picking up and sometimes the stock market will go down before the economy does because it has this tendency to be a quote discounting mechanism but what were seeing here is not a discounting of prices based on some fundamental analysis of the economy what were seeing is an utter divorce an utter split from the real economy and the financial ised funny money fed driven casino that is now taken over the globe this is causing 2 things the overlord class are becoming fabulously wealthy and
Well i think you might be talking about our stock markets these days driven by fed liquidity and well whole bunch of people in america 100 over 100000000 got free money remember and free money what do you do you spend free money the crazy with free money its like walking into the casino and they give you some free drinks and free chips and they say go at it well not a single s. And p. 500 stocks down over the last 10 weeks today was the 3rd straight day with over 6000000000 shares traded on the nasdaq all of which have been higher than any day in history to put that in perspective from 2009 until 2020 there wasnt even a one day with 5000000000 shares theres no connection between the economy and the stock market now thats not abnormal theres usually a lag between the 2 main street can collapse and then stock market can start moving up based on anticipation of main street or the economy picking up and sometimes the stock market will go down before the economy does because it has this ten
All of that leading to a stronger dollar and weaker commodities like oil. Under armour out with earnings as well. Lets get right to it. Their adjusted loss coming in 0. 34 a share, almost double what we had been expected. Net revenue for the First Quarter coming in at 930 million. That also came in light. They see a significant decline in revenue since midmarch, so no surprise there. Marriott coming out with their numbers as well. As you can tell, it is going to be bad. Marriott international looks at first court or revenue coming in of 4. 68 billion, a decline 6. 6 year on year. A really ugly number. They say they had liquidity about 4. 3 billion as of may 8, so obviously sustainability and solvency these kind of companies , especially hospitality, as well as airlines, really front and center. All of this really winds up depending on when the world can reopen. Lets get to all of our market movie news from new york. In london, u. K. Promised her Boris Johnson announced the first carefu
Hello im daryn jordan this is counting the cost on aljazeera your look at the world of business and economics this week its been a little more than a decade since the financial crisis and will the pandemic push the banking and financial industry into another meltdown more jobs a loss than during the entire Global Financial crisis and millions more on the line as 2000000000 people go into lockdown. As rich nations pick up last paychecks those people on the margins of society that have no safety net from former workers in developing countries to migrants in rich nations who is looking out for them. From a Health Emergency to an Economic Disaster as the world grapples with the coronavirus pandemic unresolved old wounds may trigger another financial meltdown as rich nations spend trillions trying to keep businesses afloat theyre relying on banks to maintain the flow of cash to industries and offering loan repayment holidays to consumers well in europe where banks have yet to recover from t
Is a moment pretty much the opposite where retreat from the world could actually save every generation has its moment this one is ours ringback. Hello im daryn jordan this is counting the cost on aljazeera your look at the world of business and economics this week its been a little more than a decade since the financial crisis will the pandemic push the banking and financial industry into another meltdown more jobs a loss than joining the entire Global Financial crisis and millions more on the line as 2000000000 people go into lockdown. As rich nations pick up last paychecks those people on the margins of society that have no safety net from former workers in developing countries to migrants in rich nations who is looking out for them. Well from a Health Emergency to an Economic Disaster as the world grapples with. Coronavirus pandemic unresolved old wounds may trigger another financial meltdown as rich nations spend trillions trying to keep businesses afloat they are relying on banks