Designed to do the stock market was invented so that corporations could get money could get this capital through an initial Public Offering and allow the risk of the company to be taken on by average people out there the corporation didnt risk losing money well they broke that rule it rages me Delta Airlines Delta Airlines they had one month one month setback for this kind of a problem theyre raking in more money than they can spend their credit line you know they havent really called on their credit the credit line is not supposed to be used for this kind of a rainy day problem the credit line is is used for things like expanding business those types of things but instead what they did as you said the the money that they have there have been great years and they were just greed piggish buying back stock trying to prop up their company make a look bigger than it actually was so. Oh now we really see what what are the Smart Companies take you take microsoft you take any of the Tech Comp
Artificially inflate their worth by buying back their own stocks which puts more money into their pockets and it ties their money up in the stock so they cant spend it on other things they cant spend it on you know expanding they cant spend it all worker raises its all tied up in this you know artificial stock that theyve created so when the market tanks they lose all their money they lose all their value and thats the exact opposite of what the stock market was actually designed to do the stock market was invented so that corporations could get money could get this capital through an initial Public Offering and allow the risk of the company to be taken on by average people out there the corporation didnt risk losing money well they broke that rule it rages me Delta Airlines Delta Airlines they had one month. One month. For this kind of a problem theyre raking in more money than they can spend their credit line you know they havent really called on their credit the credit line is not s
Quarter. The Second Quarter is probably going to be weak. In fact, in the view of many, output declining output lower in the Second Quarter than in the First Quarter. After that, its very hard to say how big the effects will be or how long they will last thats going to depend, of course, on how widely the virus spreads, which is something that is highly uncertain and i would say in fact unknowable jim, so its just you and me today. Lets start broad. Get your thoughts on the last 72 hours. What are you thinking right now . I think that the one thing i was very worried about in the 2007 and the 2009 issue, could i take out 50,000 from Jpmorgan Bank because i was concerned. And i took it out. I took money out of a lot of Different Bank accounts. This time im not. What was the purpose of last night . Theres a lot of things. The purpose of last night was to make sure you didnt take money out of the bank because you didnt trust the system. You dont have to bury it. That was important now the
Technology medicine communication transportation just in the last few 100 years and i think that you know thats whats going to help us survive as a species thats whats going to help us learn to live in a Sustainable Way on this very precious and rare planet that we live in to maintain the environment that is conducive for for a good quality of life so so im an optimist i believe in science and technology and and that the Scientific Method can make our lives better and it has and will continue to do so as we go into the future you know im sure you know this asked a physicist and just marching rees i was speaking to him recently and he told me that there was no plan b. For us. Do you think there were east or there is not. Well i mean right now thats true thats absolutely true but we we are made for this planet for this environment we have evolved to for this life around in this kind of an atmosphere with this temperature and this pressure and this composition so you know earth is our hom
I will use another strong word. Panic. That is justified. Late yesterday, panicked investors drove the dow down 1191 points. Thats the biggest oneday point loss ever. Okay, thats the backdrop. Now todays reality. The dow at one stage early this morning, futures were down over 600 points. Right now we are down over 400 points. The s p down 50. The nasdaq composite, way down, another 2 lower, off 166 points. Today on this show, we will ask when do we get a rebound . Where are the bargains that longterm investors might go for . Now look at this. This, what you are seeing, is a worldwide rush to put money into ultrasafe u. S. Treasuries. The yield now, 1. 19 . At one stage earlier it was 1. 16 , an historic low. That is a classic flight to safety. Heres what happens when the Global Demand for oil falls out of bed. Sharply lower prices. At this moment, we have got, what, about i think its 45 per barr barrel. That is on the price of oil. Thats the latest on the market action. Now the latest