Next hour right now though it is the kaiser report stay with us. Hi there im max kaiser this is the kaiser report you know the stock market as a subset of the economy has undergone a transformation and become the plaything for speculators fueled by incredibly egregious money printing by a rogue central bank and this is causing all manner of dislocations mal investments in societal changes for more lets turn to Stacy Herbert hey well you know what something that you predicted would happen is happening and its coming true billionaires lining up to take their companies private so what will robin her dish trade when everything has been l b. Right so as weve been saying on the show for a number of years all this money printing in the strategy of Companies Taking themselves private or buying back their own shares with the 0 percent Interest Rate would end up with a economy and a stock market that doesnt exist anymore because its all been taken private remember during the 1980 s. Michael milk
Democrats are outraged saying this is a partisan hit job. Joe biden for the first time break his silence, speaking out, calling this is a desperate smear. But that is not the full story. The fbi and Justice Department now agree with dni this is not russian disinformation. The lap is allegedly loaded with emails showing the biden family leveraging its greatest asset as it has for years, selling access to joe biden in washington to business dealings around the world. Well show you why critics say this is a National Security problem why the media narratives are demonstrably wrong, that joe biden as tax returns dont show any of this wrongdoing, theyre likely wrong too, those claims. We have a batch much emails separate from the laptop. Why this story keeps getting bigger and bigger as the countrys most powerful in tech and media wont talk about it. To the president s strategy in tomorrow nights debate. Will he go after the biden influence peddling. Will he let biden talk and not interrupt,
Upping its offer for an aid package to 1. 8 trillion, President Trump tweeting go big a positive development on the covid treatment. Gileads treatment helps infected people recover five days faster than average and tech stocks are outperforming as a massive deal is in the work the week capping it off with a bang. Absolutely. The russell 2000 is up 6. 4 for the week the dow is currently positive for the year as a whole, just. Lets get to the stimulus news in washington and the reaction to it. Bob basketball has a look inside the market rally ylan moi, and Dana Peterson from the Conference Board bob, lets start with you on this very nice end to a strong week. Good news and bad news, will. Good news is, s p is up about 3 on the month the bad news is i am seeing a little bit of an inversion of the stimulus play today. Thats concerning if you are a believer in stimulus remember the stimulus play, bicyclicals materials and banks and industry and energy and go light on technology. That was wo
[laughter] one of the most powerful women in the Business World is ruth porat. She started as an investment banker at Morgan Stanley, rose to be the cfo, and was recruited away to be the cfo of google and now the cfo of alphabet. In that role, she has the normans influence at the company and has done a terrific job of making sure their Balance Sheet works well and that they are much better organized in the financial sense. I have no doubt she will be a power at alphabet for some time unless the next president of the United States says i would like her to be secretary of treasury. She would be a terrific candidate for the position. During this period of time google has done quite well , and alphabet has done well. Your stock is up 20 and i should say, from the time you became cfo, the stock is up over 200 and market cap over 200 . Then quite well under your leadership. But i am curious, are more people looking at doing searches now during this covid19 time than ever before or are people
David one of the most powerful women in the Business World is ruth porat. She started as an investment banker at Morgan Stanley, rose to be the cfo, and was recruited away to be the cfo of google and now alphabet. She has enormous influence and has done a great job in making certain their Balance Sheet works well and they really are better organized. I have no doubt she is going to be a power at alphabet, unless the next president says i would like her to be secretary of treasury. She will be a terrific candidate for that position. During this time google has done quite well and alphabet has done well. Your stock is up 20 and i should say, from the time you became cfo, the stock is up over 200 and market cap over 200 . Done quite well under your leadership. Im curious, are more people looking at doing searches during this covid19 time than ever before or are people not spending as much time searching . Ruth people are spending a lot of time searching. We have trillions of searches ever