Millions of ryall that he stole and he looks like hes going to finger some judges that were involved in this mass Corruption Case so this has been a problem of course stifling growth in this economy because of course with Foreign Direct Investment and other sort of investors they do get concerned that you have to pay off and this guy was paid off millions of dollars and cut kickbacks for you know allocating various contracts for example Building Infrastructure in rio right so is there an attempt to really crack down on the corruption and if so it could be like a court of Scotch Whisky moments remember during russias transition to a more free market. Country they got rid of the oligarchs are trying to get rid of the oligarchs and course coffee was a high profile example that this could be similar there are dozens and dozens and dozens and dozens of people its not just this guy was a politician so theyre cracking down on politicians and the politicians receiving that kickbacks from major
Trump tweeting this out without informing him 1st yeah he was totally in shock with those tariffs that were applied and thats the world of trumps of also don is to get with the program i also want to say like when we arrived at the airport here in Rio De Janeiro it like 3 in the afternoon i was surprised that we route literally the only 2 in the immigration line quite a few behind us had you know gone through the International Transfer line but nevertheless it was much quieter than i thought it would be i expected like boomtown this is a Southern Hemisphere for their summer are winter up north i thought it would be more people here more tourists and something that i wasnt sure where that was about but it was quite shocking yeah i was shocked to learn that actually in Rio De Janeiro its not really a big boom we touristy place and that would be an area of potential growth right i mean its very famous people the idea of coming to rio and on the beach and all this stuff is very in peoples
The only 2 in the immigration line quite a few behind us had you know gone through the International Transfer line but nevertheless it was much quieter than i thought it would be i expected like boomtown this is a Southern Hemisphere for their summer are winter up north i thought it would be more people here more tourists and something that i wasnt sure where that was about but it was quite shocking yeah i was shocked to learn that actually in Rio De Janeiro its not really a big boom he tours the place and that would be an area of potential growth right i mean its very famous people the idea of coming to rio and on the beach and all this stuff is very in peoples minds and they would dream of coming here but in fact the Tourism Industry is not really work could be due to a certain lack of infrastructure etc so that could be an area of big growth it could also be all the headlines in the news about the violence throughout rio it is one of the deadliest i believe the deadliest states of b
2020 fresh economic stimulus from beijing adding to the optimism but under the surface the russell 2000 seeing its worse day in a month and we got some mixed labor market data here in the u. S. Earlier in the session. We are up 235 points on the dow, near highs on the session for all three major averages joining us paul hickey cofounder of the spoke Investment Group very good afternoon to you happy new year to you. Where do you stan in terms of whether this bullishness is justified. Is it easy to pick bullish or bearish as we stand . When you look where things stand out, you look at the equity pros and cons which we look at on a regular basis, the pros are balanced with the cons. That doesnt suggest you should be taking a cautious view or just a neutral view implies average returns for the market Going Forward. And when we look whats going on in the market now, whats happening now, brett hits new high nasdaq hitting new highs what we follow closer than any other group is semiconductors
Lisa lee. Lets begin with sonali. Wework, not surprisingly, continues. There is a question of who will finance this company and softbank takes control. Trying to get a loan deal done but there is something unique. Please explain. Sonali softbank said we work as the coborrower here. Softbank had become intertwined since they got into this deal. Softbank has been emerging as somebody that banks want to work with, despite the troubles that have happened, they are seeing portfolio companies, something to look out for next year is doordash. Also a Portfolio Company in the vision fund, working with j. P. Morgan for a Credit Facility here. Lisa softbank is listed as the main borrower. I found this fascinating. They are putting their own money and name on the block here. How much of a liability is this for softbank in a broad sense . And isolated case of them bringing it into their purview . Are they going to bring other portfolios in . Sonali we work is a oneoff given how far it has fallen fr