d in foreign teams dont go anywhere americas war starts right now. Many of the companies lining up d for a handout from the federal government are victims of coronavirus at all its their own fault its poor judgment joining me to talk about that is fair and cousins were going to have a discussion about this people always call and say pap you know let the guest answer the question its a discussion for those who are watching ok so so hear this this this discussion really need to center around the idea that you have corporations that knew better held back no cash held back had no plan for the future and instead took all of their money everything they got in tax benefits everything they got from the government in the stock buybacks take it from there right you know we spent the last couple decades giving corporations these massive tax. Theyve been making money hand over fist the big big banks have pulled in more money than ever airlines are doing great but instead of putting that money asid
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
The pound is trading up i about 0. 2 . Ultimately what the extra supply is going to do to the shape of the curve, but certainly, this is what many people have been anticipating would be delivered. Italy also announcing it is going to increase its fiscal stimulus to help the economy out , an economy that continues to remain largely in lockdown, along with the population. Lets get more on how Insurance Companies are dealing with what we are seeing at the moment. The u. K. s prudential is a Health Insurer and asset manager as well. Joining us now is mike wells, ceo of prudential plc. Good afternoon. How is the company being affected by what is happening . Todaywe Just Announced 2019 results, were you had a number of convergences occur. Earnings were up 20 . The majority of our markets in x hong kong come very strong and resilient. It is an indication of what youre seeing now, which is market by market, we still see doubledigit growth in Southeast Asian markets, and as we are sitting here
With k. Street speak you dont lobby you speak statement roughly translates to trust me my former big pharma colleagues are going to get their sweet sick theres money off of this pandemic aids are by the way was president of lilly usa the largest affiliate of the global biopharmaceutical leader eli lilly and company where to his loyalties lie what a way to drain the swamp after hearing after the hearing representative chicago tweeted i just gave secretaries are 3 chances to assure us that the coronavirus vaccines are treatments developed with us taxpayer dollars will be affordable and accessible to everyone and he flat out refused to do so he is giving big pharma a blank check to monopolize them instead so my friends as the news media continues to scare us with constant chatter of Global Pandemic some by will outbreaks big pharma and their capitol hill cronies are seeing dollar. And sing in their ambient induced dreams which means its time to start watching the harks. On a city new stre