Celebrating President Trump while weve been here in new york or right now were in brooklyn and hes tweeted stock market is rock or how i spend your money well you would think that hes inhaling helium and so are the various stocks that make up the s. And p. 500. 00 and dow jones average but when you scratch the surface you find that theres nasty accounting fraud going on and all kinds of wall street derivatives tricks this is a real or just a fake ileum high exactly so stock markets hit all time high. And we know as we were covering a here the fed continues to intervene up to 250000000000. 00 a day and the repo market so is there disaster or is there not why or why is this wall street class right across the river here why are they so coddled why are they such big babies there was actually a banker by the way on the news recently leon cooperman he literally started crying on television because of Elizabeth Warren coming after his money. Losing. Money because the billions of the stuff tha
I am max kaiser this is the kaiser report did you know that there is a growing global helium shortage thats right the world is running out of helium you noticed on running out of paper money right stacy indeed youre not but you know what you need the helium because of all the paper money all the printing of money because helium is not only are the stock prices and everything going up up up like its an a helium balloon but you need the helium balloon for the celebrations everybody celebrating President Trump while weve been here in new york right now where in brooklyn and hes tweeted stock market it says record how i spend your money well you would think that hes inhaling helium and so are the various stocks that make up the s. And p. 500. 00 and dow jones average but when you scratch the surface you find that theres nasty accounting fraud going on and all kinds of wall street derivatives tricks this is a real or just a fake ileum high exactly so stock markets hit all time high. And we
Decision easterbrook, of course, took over as ceo in march of 2015 before todays move, the stock was up 96 under his leadership since he took over under that tenure, the company sold off many of its company own stores to franchisees and previeded over the launch of alldaybreak fast and mcdonalds named usa president the new ceo of the company but a lot to talk about there. Joining us to have that conversation right now about leadership change at mcdonalds, jeff simonfeld and cnbc contributor. This was a huge surprise, jeff clearly made a mistake but it was a consensual relationship and we now had a handful of these situations how do you read it well, we do see a trend here that of these roughly 90 ceos who left office last year is 40 of them was for misconduct we havent seen numbers that high 40 for misconduct and most of that misconduct was had to do with improper relationships at work but you make an important distinction, this was consens l consensual we say Harry Stonecipher at boei
It is not but we are thrilled to have you here lets take a look at where the u. S. Equities are. Dow up by about 72 points. With these gains, the dow would actually erase the loss for the week at these levels s p up about eight points. S p up around 7. 5. Youll see the 10year note is yielding 1. 716 Global Markets continue to follow the headlines learning trade talks between u. S. And china are set to resume october 10 sources say Vice President premier lu will represent the delegation weve had lower level things happen but this is the next big event. Its the back drop amazing. Trump keeps plugging away. There is so many Business News headlines i think Portfolio Managers are losing sight we are coming up on the quarter. The dollar rally but most of the conversations im having right now, it centers on the Fourth Quarter of last year everyone is reflecting upon it and thinking to themselves basically, you go into the Fourth Quarter of a Football Game with a 207 lead and end up losing 272
The omega Family Office. Nice to see you we just welcomed a conversation on stage. You just heard the Vice President who is on stage now describe the economy as booming, the stock market as near record high the fed cut Interest Rates yesterday. All makes a lot of sense. The administration wants even more what do you how do you make sense of it . Look, japan has had negative Interest Rates for 3 1 2 years what has it done nothing. Europe has negative Interest Rates. Their economy is doing very poorly the Vice President cited a bunch of factors, in of which on my list, Consumer Confidence is up, retail sales Strong Economy growing at trend, corporate profits are decent Corporate America if they were pessimistic, they wouldnt be buying back all the stock theyre buying rates are already low. I pity the poor guy or girl thats worked their entire lifetime when they go to their Financial Planner and ask for advice about retirement. How can they afford to retire . Theres no income. Good luck b