Hi im Steve Clements and i have a question well the coronavirus pandemic be the Tipping Point that takes us into a years of joblessness and poverty lets get to the bottom line. When we look around we see a lot of people who cant find work and a lot of businesses that have gone bust but there are some winners out there it seems like the Financial Markets are always winning at least from my Vantage Point economists usually say that they saw what was coming after the fact there are always rationalizations for the ups and downs of markets or of jobless rates of consumer and Business Confidence but lets take a look at the big picture my guest today is not afraid to go where many economists wont and to look at the key factors out there that predict a really serious financial and to some degree even social and environmental meltdown affecting each and every one of us all over the world hes not known as dr doom for nothing nuria were being he predicted the us Real Estate Market crash 3 years b
Hopes around that region of the world. Disney is out with what investors are seeing as it fantastic Earnings Report thanks to streaming. Nikola, not so much. We will be asking the ceo about the 9 climb. Just 89 days unto the u. S. President ial election and during election year, august returns tend to be higher, finishing starter finishing higher than at the start of the month. Joining us now is the author behind that report, george pearkes. George, obviously you have to think that this year might be slightly different. Is there any really fundamental reason as it why as to why it should be different . George the historical precedent in the United States is that it is disconnected from the market cycle. You do not tend to see huge swings in market purely as a reaction to politics which is more common in emerging markets or other developed market economies. 1928the long term, since when the s p 500 price data see positiveend to returns in august and for every month leading up to an elec
Houston texas thats as the Trump Administration orders it is to close it citing concerns over us intellectual property where the diplomats are burning sensitive documents. Like the women and children stranded by the collapse of the socalled Islamic State many of them are european citizens to hear from a frenchman fighting to bring his daughter and grandson home. And food for the souls of underprivileged kids in the form of dance we need a ballet teacher nigeria who offers lessons for free and some of the students who say dancing has changed their lives. Im simply so much going to thank you for joining us and we start out with some breaking news german prosecutors say they have arrested the former chief executive and 2 Board Members of the payments process. Company wire card as part of fraud investigations marcus brown and the Board Members were detained in munich investigators say the 3 are suspected of faking income to inflate the companys Balance Sheet wire card went bankrupt after r
Pandemic and who are the damnable profiteers who state attorneys general should be busting right and the left lets ask the university of massachusetts Professor Emeritus Richard Wolfe richard as we wait instructions to return to our t americas broadcast headquarters in washington where cleaners look like theyre mopping up plutonium weve been issued a 17 page manual handsome instruction book for re entering the workplace now as a long time consultant im green with envy i can only imagine how many billable hours went into producing that document but for what other products and services is this pandemic a legitimate gold rush and richard who are the opportunistic profiteers. Well there are so many it kind of log on to the mind on the one hand you have the hustlers and im trying to are like the people who are using a social media on the internet to sell fake medicines to sell fake cures to sell fake vaccines and to sell all manner of things that are going to protect you from the virus and
At one point, they were convenience not absolute indicated up about 300 points on necessity as in the activity that positive news out of moderna. The s p is indicated up about 13 couldnt be performed, so even if youre working out of your points and the nasdaq would open home in new jersey, new jersey says wait a minute were not by about two points after a giving you a credit because you performed the work here. Strong dayyesterday. We get to tax you too. So both sets of taxes. All of those states are facing severe crunches at this point so i would imagine all of those states will be pretty aggressive about it. When you say you could do the work some where else, new york city was closed down, offices the nasdaq was up by 1 . Have been closed down. Employers didnt want people back in the building lets look at the treasury seems like a little extraordinary during these times. Do you think eventually what happens the states gettogether you will see the 10year now and work something out whe