The 70s that wiped 2 3 of the value of equities. That was then. Is it now . It is hard to say but early indications no. Whats remarkable here my friends, as we look at these numbers how tame they are, considering what is going on. If this were to have occurred back in the 70s and the Worlds Biggest Oil producer which saudi arabia was at time, so much of its oil sidelined we would be in deep you know what. So far does not appear to be the case. Price Futures Group Senior Analyst phil flynn at the cme. Phil, it is remarkable, you know . It really is and you really got to credit the u. S. Energy industry, donald trump and his Energy Policies allowing u. S. Energy producers to do what they do best, that is producing energy. It raises concerns when you listen to the democratic president ial candidates and their Energy Policies what a different story this might have been if we had a democratic president right now. It could have done a lot more damage to the u. S. Economy because these are ca
Overnight that washington could be delaying easing up restrictions on huawei as part of the trade war deepening tensions potentiallimentpotentially ment and we have the s p 500 and the dow coming off some highs yesterday. Overnight in asia, we had some interesting news out of japan. Theyre changing the way theyre buying maturities across the yield curve. We have the nikkei higher by 0. 4 we have red arrows on the hang seng and shanghai. New china data overnight that showed food prices surging 9 , largely in part due to a surge in vegetable and pork prices european equities, down arrows across the board the dax is down by 0. 9 . Treasury yields, this has been the focus all week, yesterday the intraday on the tenyear yield was 1. 793 we are seeing extraordinary moves on a daytoday basis. Getting close to the twoyear feeling it feeling it feeling it little resecessionary feeling i. We have one other piece of Corporate News to bring you. Uber shears undehears unde s uber shears undhares un
Larry . And weighing in on the cryptocurrency. First, to our topsoil. A direct listing on thursday. Yet waiting to see what the Reference Price will be. The they find themselves in beyond meat camp with a sizzling debut or will it be more like a sizzle like uber and lyft . Product growth. It grew from half a million almost 6 million. New column out. Lets start with you. , youformer head of growth have a beloved product, but Revenue Growth is slowing down. Cannot be we accelerated . Accelerated . E slacker is really coming into the workforce. Emily you think that it could start to grow faster than it has . I cannot make predictions on how they will do, but i am excited about mistakes. Anywhere have heard from 16 to 20 billion. How does that compare . These young and fastgrowing companies are beating at what seems to historically rich valuation compared to their revenue. You mentioned the column that i wrote about this new stratosphere of multiples of revenue. Think we have seen it befor
In the occupation, the documented pain of the residents of the ivaniv community in chernihiv oblast saturday , august 12, 11 15 espresso every week, the saturday Political Club helps to understand the processes taking place in ukraine and the world Vitaly Portnikov, the host of espresso and invitations , experts based on facts give their assessment and forecast of the development of events, you want to understand how our today will affect our tomorrow, see saturday Political Club, saturdays are not with the press, the war in ukraine is the main topic for ukrainians, victories and losses, analysis and forecasts, politics and geopolitics, Serhii Rudenko and the guests of his program will talk about all this, people who have information and shape public opinion, people who defend ukraine and create the future right now the main and interesting thing in the program is the verdict by Serhiy Rudenko from monday to friday at 8 00 p. M. Repeat at 12 10 we will continue our broadcast yehor chic
Roughly 328point drop this is a market we havent seen in a while bryn, maybe well start with you on whether or not this is the beginning of something great or just the pullback to cool off the jets for the time being. I think now we can say its a pullback technicals were saying we were overbought, which we had been in july august, as you have talked about all week, has not been a good month typically for stocks i think this is a breather i want to say talking about the debt down grade, thank you fitch, thank you finally someone says what needed to be said is that, you know, dom, in 2021 Interest Payments were about a third of what we pay on social security, which is around 1. 2 trillion as we know today Interest Payments on the debt are at a trillion dollars and growing i think whats been what needs to be said, and although it hasnt reflected the market today, a lot of this inflationary pressure, the fed will not say any of it has to do with Government Spending i think we all know it h