The fed says theyre going to help but it doesnt help the market for them but the london the show you cant afford to mess im good at ive been one in washington to let them know theres a rate cut but it doesnt stop markets from dropping nearly a 1000 points well investigate why the fed intervention is not helping plus i want to talk to you more billions into the tech in the robot were going to tell you about at least one huge acquisition. To pay 500000000. 00 for throttling i phone users in order to push them to purchase new phones and batteries but its 500000000. 00 a year we enough we have a live report so much to get you on the very busy day so lets get started. The Federal Reserve decided to pull the trigger Tuesday Morning and announce an emergency rate cut of 50 bits in response to the growing economic threat from the fallout of the quantum virus this is the 1st time this has been deployed since december of 2008 during the financial crisis as chairman powell said the coronavirus wa
Fed started in 2009 after tim geithner left until 2016 and before that he was with Goldman Sachs for about 2025 years the fed shouldnt enable donald trump you know trump isnt a trade war and thats why bill dudley responded to this is like this trade war with china is crazy we shouldnt cut rates in fact we should raise rates if anything hes almost suggesting anything to get rid of trump like we should overthrow the guy well trumps new trade war tool might just be antique china debt collectors of pre communist debt are lobbying the white house to force beijing to pay up president Donald Trumps next move in an increasingly fraught trade war with china could be one for the history books literally the trumpet ministration has been studying the unlikely prospect of reviving centuries old claims and chinese bonds sold before the founding of the communist peoples republic this was a 1911 and it was used to fund the construction of a rail line between hunk who won and once the communist revolut
A few months globalization the dollar is a shoe right so the loss of western germany that steamy globalization this came in with trump in 2016 that he the idea of monitor is ation the global Central Banks cooperating to put out a currency unit of account that was better than gold is a 6070 year experiment that is now collapsing which is leading to d. Dollars ation as b. Countries like russia move aggressively away from the dollar and buy gold and dig globalization simultaneously as far as these chinese debts that were issue 19 a leaven or 99911. 00 and are now being sought after for for repayment i would imagine what would happen is that simply u. S. Will default on some bonds to china. Approximately a trillion dollars worth and claim that well were just making good on the debt say you owe us to use to justify a default again dollars ation. Well yes there are some weird people involved some crazy texan sort of pastors and stuff like that and they are encouraging that they are claiming
Imagine what would happen is that simply u. S. Will default on some bonds to china. Approximately a trillion dollars worth and claim that well were just making good on the debt so you owe us to use to justify a default again de dollars ation well yes there are some weird people involved in this some crazy texan sort of pastors and stuff like that and they are encouraging that theyre claiming that with inflation an Exchange Rates in history that is actually worth a trillion dollars with by the way happens to be how much debt that china owes that owns of the u. S. So they own a trillion dollars with the treasuries and like lets just cancel it out but you mention the localization and for thousands of years weve gone through globalization and then d. Globalization globalization d. Globalization weve weve gone through these constant cycles humans constantly do that assistance we do this in markets that. Why Technical Analysis and sort of that sort of thing also when you look at the history
Schools about does it for me for the latest on these stories you can head to our t. V. Dot com my colleague 7013 here in about 59 minutes time with news right now stay with us for the Financial News and cultural. Oh im max guys are this is the kaiser report and were going to get in the some really important things there are embarrassed rounds for we are now so lets bring states you know im going to it quickly read the 3 have ions i have here because its all about politics geopolitics and geo economics here the 1st fun because were in frowns ill start with a french headline because this was from macro own and after chump leafs trads mccrone warrants world as living the end of western hedge a moni if we also have a headline from the us that match is this to my mind and its from bill dudley former ahead of the new york fed started and 2009 after tim geitner a left until 2016 them before that he was with Goldman Sachs for about 2025 year is the fed shouldnt and the able donald trump do you