Results will be determined by key battleground states where votes are still being counted. Tanzanias president john mcafee is sworn in for a 2nd time amid tight security as the opposition calls for new elections. In the u. K. Gets a new multibillion dollar rescue package to boost its economy as a glint enters a new kind of a block down mission. Time far as small have all the days sports including pressure mounts on Manchester United boss only going to stall sure as his side loses again this time in istanbul in the Champions League. We begin this news hour as americans are waking up to another day of uncertainty over who will be the next president right now it is 5 am on the east coast and in the u. S. State of georgia these are live pictures from there where vote counting as you can see has been going through the night its an extremely close race and a traditionally republican states and Donald Trumps initial lead has been steadily falling georgia is one of the one of several states wh
Alphabet seeing outsized gains and treasury yields are under pressure giving back some of their recent pop, thats weighing on the financials the Kbw Bank Index is down around 3 with 59 minutes left in the session, banks one of the few decliners, sara, broader markets ripping up. We have a great lineup of guests over the next two hours to help make sense of the election, the market and your money. In just a few moments Guggenheims Scott Minerd will join us with his take on the rally and later we will hear from long time pharma exec fred hassan about the impact of the election on health care, those stocks zooming higher, plus kyle bass with a take on what all this means with the u. S. Relationship with china and bob diamond will weigh in on the banks. Lets get straight to the market rally that is happening. Mike santoli tracking all the action. You see a move like this, its very sudden, very dramatic in response to a widely watched known catalyst and you have two things, one is whats the
Covering the facts that you know hes directly responsible for this erosion of price discovery of you know free speech essential is hes like the tyrant of the markets he doesnt allow Free Speech Free price discovery free markets thats absolutely right he is censoring the machinations of capitalism which weve doubt the weak hands and gives us only the winners so that we may become glorious in our quest to dominate the Global Economy but because of the printing thats going on in the bailing out. Of the we can still weakest the monks just in Corporate America what happens is the vibrant new small to Medium Enterprises are pushed aside they dont have access to credit and the worst behaved myths the albatross the no good mics are flooded with cast to do more bad things exactly so here he is warning the Small Business is going to be doomed of course investors love that because just like Warren Buffett he likes most he likes only copleys he only invest in those like if if you could force the p
Statistic referring to Zombie Companies is very telling me you know its its really the pictorial graphic representation of something weve been saying on this show or ive been saying on the shelf for some time now is that money printing doesnt cause a rebound in inflation it in fact causes deflation and you have no statistic that proves that more than the rise of Zombie Companies right this is why money printing doesnt fight the flesh and it causes deflation because youre pouring money into companies that are zombies that have inability to function as ongoing enterprises but because they are friends of the central bank and because Steven Knutson and donald trump in the all those folks in washington believe it strategically important to keep their donors these are donors thats who are being kept alive here are the. Corporate donors into Trumps Campaign are being flooded with cash even though their underlying businesses are not viable and no longer able to sustain themselves and they end
A sock puppet for this clucky wont do of course it needs more than that well you know at earlier this week fed chair powell warns of significant uncertainty about the recovery and says Small Business is at risk of course you and i have been covering the fact that you know hes directly responsible for this erosion of price discovery of you know free speech essential he is hes like the tyrant of the markets he doesnt allow Free Speech Free price discovery. Free markets thats absolutely right he is censoring the machinations of capitalism which we doubt the weekends and gives us only the winners so that we may become glorious in our quest to dominate the Global Economy but because of the printing thats going on in the bailing out. Of the we can still weakest amongst us in Corporate America what happens is the vibrant new small to Medium Enterprises are pushed aside if they dont have access to credit and the worst behaved myths the albatross the no good mics are flooded with cast to do mor