1500 jobs being cut across the world. Shery Goldman Sachs is recruited by softbank to find funds for wework as part of a 5 billion rescue plan. First, a quick check of the markets. Australia coming online. Sophie, what are you seeing . Sophie after a threeday rise for sydney stocks, asx 200 open little change after the tepid session we saw on wall street. Heads up on the corporate fund, i want to highlight Bellamy Australia said china might need acquisition so shares will be suspended today. Bonds enough straily at a risk off. Yields coming off the session low as the rba governor says gdp is in line with expectations, but contrived with weakness and consumption. Folks saddled with high debt take longer to spend. The offshore yuan this morning trading around 7. 0366. Weight on Chinese Consumer prices and pbi later this morning. Investors are setting the tea leaves going into december 15. With the latest developments around the u. S. Deal, the mexican peso trading near a three week high
17th sadly on that day, the Intelligence Community Inspector General formally notified the congress the administration was foreboding him from turning over a whistleblower complaint. On constitution day. This is a violation of law shortly there after press reports began to break of a phone call by the president of the United States calling upon a foreign power to intervene in his election this is a breach of his Constitutional Responsibilities. The facts are these. The Intelligence Community Inspector General who was appointed by President Trump determined that the complaint is both of urgent concern and credible and its disclosure he went on to say relates to one of the most significant and important of the director of National Intelligences responsibility to the american people. On thursday the Inspector General testified before the House Intelligence Committee stating that the acting director of National Intelligence balked him from disclosing the whistleblower kpla complaint this i
Time as are not very. Well i guess its time to find out whats happening in the big bad world lets talk with stacy hey you know 1st i want to say that we are going to go on our Summer Vacation so you will see some Summer Solutions pretty soon and were planning those and those are looking really good just a little housekeeping for those out there but i want to look at this headline to set up the other headlines in this article and this is something that we have been saying for 10 years is that you know its a its a game of capital versus labor privileged by the Central Banks versus everybody else and theres no headline but this and this is from last week and but its really relevant to my headlines today stock market jumps as disappointing jobs report fuels hope for fed rate so theres a real conflict between the needs of the wall street speculators and the rest of the population youve said this before is that you know anything any time is good for the worker is bad for wall street so weve
A way that would mitigate the risk of having too much inflation this would usually bring about some equilibrium for a brief period of time before you had the opposite taking effect the prices would get too low and then to stimulate the fed would lower Interest Rates and this is the quid pro this is the give and take between the fed and the economy the real economy then starting really in the 1980 s. Under reagan and thatcher and deregulation you had the fed takeover and their sole purpose at that point was to try to squeeze workers completely out of the Global Economy so wages never went up real terms since then but stock markets keep going up and the reason to justify this is that the fed will say we need to try to take care of deflation even though that they are causing deflation in an environment where their money printing is increasing the debt the. Debt load we have an incredible inflation of debt the debt explosion but we have no rise in wages if wages reflected the actual money
A way that would mitigate the risk of having too much inflation this would usually bring about some equilibrium for a brief period of time before you had the opposite taking effect the prices would get too low and then to stimulate the fed would lower Interest Rates and this is the quid pro this is the give and take between the fed and the economy the real economy then starting really in the 1980 s. Under reagan and thatcher and deregulation you had the fed takeover and their sole purpose at that point was to try to squeeze workers completely out of the Global Economy so wages never went up real terms since then but stock markets keep going up and the reason to justify this is that the fed will say we need to try to take care of deflation even though that they are causing deflation in an environment where their money printing is increasing the debt the debt. We have an incredible inflation of debt the debt explosion but we have no rise in wages if wages reflected the actual money print