Missions. California vows to fight it with one official calling it the fight of a lifetime. Corporate ventures Data Analytics Company Enters the vc world. We will talk to their ceo. First our top story. Facebook has confirmed it will resume collecting and transcribing some user audio clips from its inhome video device portal. President their vice at the launch of a new generation of portable devices. Devicesees hardware and and facebook. Lets listen. We are so excited about our new products. They are oriented towards connecting people with what they love the most. These are designed to look like picture frames. They can fit into anyones home is easily and naturally as if it was a picture frame. It will even show pictures when it is not in use. Another cool thing you are launching is the tv portal. Yes that takes advantage of what is the biggest screen in most peoples homes, the tv. It turns it into an immersive video calling device. One thing that stuck out to me was a price the price
Out as bridgewater flagship funds logs one of its first half performances in decades. And Rising Oil Prices boosts Energy Stocks after the uk calls irans seizure of a british tanker in the strait of hormuz an illegal act well, good morning, everybody and welcome to street signs. Were about one hour into the european trading session i just want to recap quickly some of the action we had in wall street towards the end of the week last week it was a weaker close for the three majors on the week the dow ended up about two thirds of a Percentage Points lower. S p and nasdaq little more than 1 weakish end to the week for u. S. Equities as we get into the heart of earnings season here. 28 of those released results have beaten sales and 49 have beaten on earnings according to data from goldman. Still right in the heart of earning season, about 150 S P Companies will be reporting this week worth bearing in mind that so far the market has tended to punish the misses a lot more than they rewarded
Was the most likely of the major banks to go bankrupt and require a bailout the state of germany has now provided Deutsche Bank with a state bail out the bad banks in the area is masking a bailout and the accounting fraud at Deutsche Bank is only now just being revealed. At the tip of the iceberg this theyre sitting on half a quadrillion worth of worthless to rivet that if you mark to market would would be greater than 5 times global g. D. P. This is in fact the beginning of lehman 2. 00 this is why gold goes up in price because its discounting a Major Economic collapse this is why bitcoin which is the virtual digital version of gold a matter what peter schiff says no matter what michelle blocks as it is gold to point out thats down to. Ben the case dont come at me with all of your crazy conspiracy nonsense and so we enter into another phase of the Global Financial crisis right men Deutsche Bank leave the tip of the spear as weve been saying for years. Only keep money in Deutsche Bank
What we suspected would happen 10 years ago when we 1st started for all those happy days ago you know they got the Lehman Brothers collapse happen you know and that was the result of insolvency but we were told that it was a problem of illiquidity and we were told that Lehman Brothers and bear stearns and the wall street banks had done nothing wrong that it was just crazy unfortunate freak accident that they ran out of money suddenly because of all the bad loans that they made to people that couldnt possibly pay them back and that they taxpayer in the Global Economy should take a step back and 17 or 18 trillion dollars needed to be printed to bail out warren buffet to bail out wall street banks so that they could keep their yacht payments going and buy. You know billionaire row apartments in new york city for 250000000. 00 as weve just seen recently or to invade london and buy properties for 120000000. 00 thats money that was given to them by the Central Banks and the 2008 crisis to av
Hours time but 1st Germanys Deutsche Bank is in deep trouble thats coming straight away and todays. Oh i there guys a report here i guess while we were writing. I dont know if youre taking notes about this stuff but there seems to be a divergence between what you hear on the Mainstream Media c m b c c n b c and what we say on this show one tour the true. Reality what actually happens. One tends to be fantastical poppy cock spewed by overpay parrots that would not be yes. Lets get more information on this from stacey harbor well we began this week with a new bad bank and that is for Deutsche Banks bad bets theyre going to be poor and into a new bank a bad bank that the taxpayers of europe will now be responsible for a 50000000000 euro bad bank soon owned by the german state aka taxpayer finally Deutsche Bank is facing its future head on whats left of the mighty Deutsche Bank thats the front page of the Financial Times on monday and it was that announcing what we suspected would happen 1