Of the retail trader, the little guy, could be causing more volatility in the market and talk about getting real. One top angel says the beaten down resale retailer, the real real, could be about to make a comeback. Hell be here to explain why hes so bullish. Power lunch starts right now stocks are selling off. Right now, the dow down b about 300 points nasdaq down nearly 2 . Major indices on track for their worst week in february take a look at gold. Lots of eyeballs on this one today. The precious metal is on a wild ride up 8 already this year and near ly 2 today. 16. 49. The defensive tone is evident in todays market. Those momentum names that trade is is unwind names like b facebook and amazon down around 2 the Semiconductor Stocks are also getting hurt today. New lows for a basket of Energy Stocks including exxon, marathon oil and noble energy a political unrest in libya easing there afore oil is given back some gains, plus energy estimates for the First Quarter continue to fall w
3, but its something that we all want to get done and itll selfmade billionaire although we debated that on the show in the past, kylie con, be a tremendously big deal, this maria thats amazing, thank is something special, however, to manufacturers, farmers, you, cheryl. Quick break and then arrested again, the irs going after bankers, service people, nobody attorney michael avenatti, wait has ever seen anything like it, this is the biggest deal there is anywhere in the world by far till you hear this one, rocking and thats good, we are doing with your pets, spotify play another big one next week, this is the biggest deal anybody has list for Furry Friends and not ever seen. Maria and steve forbes one of so Furry Friends, weve got it. The big parts to this is the fact that Financial Services companies will be operating their own banks and financial as a struggling actor, Services Companies 100 wholly owned and this money that visa, i need all the breaks that i can get. At liberty butch
The nasdaq is the leading indices and oil hitting a threemonth highly after military strikes in the middle east energy is the bestperforming sector today joining us for the hour is josh brown, ceo of Ritholtz Wealth Management josh, obviously seeing a little profit taking here is this a tax situation scenario or is there more to read into about losing steam and sentiment . If you see profit taking on the what penultimate the penultimate is that not an american word as well . It is, we just dont use it as much. And it doesnt sound as good when i say it. It doesnt, sorry when youre seeing profit taking on the second to last day of the year, thats not tax related, but it could be front running what others suspect might be fax related, meaning look at a typical investment portfolio this year, if they own sector etfs, for example, they have a ton of Technology Large cap tech has done unbelievably well this year. Or if they own individual names. If you own apple, youre up almost double. Now
National copyright cable Satellite Corp 2019] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] good morning. Good morning. In the best possible way what is facebook trying to do and why . Very interesting questions. The simple answer is that they are trying to create a digital that people can use cross borders, and a Digital Currency means not necessarily a government currency, but their own private currency that people can use and ship to one another in different parts of the world. Reasons why they are doing this is a little bit complex, because no one knows exactly they have certainly xplicitly said that they want to, and im reading this because think its useful for your listeners to hear, to enable a simple global currency and infrastructure that empowers billions of people. Ut there are some financial motives as well. And so, as far as the current system, what would facebooks others do not . S
Host what is facebook trying to do and why . Guest the simple answer is that they are trying to create a Digital Currency that people can use across borders and a Digital Currency means not necessarily a theirment currency, but own private currency that people can use and ship to one another in different parts of the world. The reason why they are doing this is a little bit complex ause no one knows exactly they have explicitly said that they want to, and i am reading this because i think it is useful for the listeners to hear, to enable a simple, global currency and financial infrastructure that empowers billions of people. There are some financial motives as well. Host as far as the current system, what would facebooks plan do that others do not . Is planning to create this look currency and by doing so, have established a consortium of different kinds of larger, Global Technology companies and a couple of nonprofits. The global currency is called the libra currency and the consortiu