Welcome to squawk box. Im becky quick along with joe kernen and Andrew Ross Sorkin. Futures are indicated higher this morning, triple digit gains for the dow up by about 167 points but yesterday was a big down day for the markets. Dow was down by over 400 points, 1. 4 the s p and nasdaq done evz nasy even more. This morning s p indicated up by about 25 and nasdaq looks like it would open up by over 100 points fairly significant obviously everybody watching what will be happening with the stimulus talks with the deadline that nancy pelosi has said for later today. Lets take a look at the treasury markets ahead of that, you will see that the ten year looks like it is yielding 0. 777 so a little stronger yields for the treasury markets right now but andrew, obviously washington is where people are watching and that is exactly where well go because House Speaker nancy pelosi and Steve Mnuchin are saying that they are making progress in their latest stimulus talks with time running short of
Context by saying the starting point for the discussion of Global Police state needs to be this severe crisis of global capitalism the pandemic didnt create the crisis it only made it much worse and in talking about Global Police state theres 2 dimensions i want to highlight one is the structural technically we call it over accumulation but its a crisis of chronic stagnation in the Global Economy and the 2nd dimension of that crisis is is political this one of state legitimacy and capitalist henschel money so i need 3 things by Global Police state and the 1st is we see the deepening and the extension worldwide of transnational systems of social control of repression militaries asian and warfare all around the world and we see that in order to contain the real and the potential rebellion of what i call in the book surplus humanity and the mess of the downwardly mobile and destabilized and concrete in the impoverished global working class and you know very quickly. The International Labo
You know what, there has been a persistent bid as we call it underneath this market for months, despite the virus and the unemployment it is a puzzle enigma. I am trying to figure out why people keep buying i had an epiphany last night i was going over preparations for my monthly club talk this time looking at it through the lens of the election, it is only 20 days away. You know what . Of the 32 stocks we own for the trust, fully twothirds of them would do better under a biden presidency that caught me by surprise we were trying to bail out the election honestly i have been under the assumption that the market may take a hit if biden wins he wants to raise Corporate Tax and Capital Gains tax and rich people pay your own stocks. Is that good policy . I dont know given biden has been getting some incredible poll numbers the last few weeks it has become a real possibility. Many of you assumes it is bad for stocks thats what i thought or at least what i thought before my big club call rev
Bruce nothing fits right now. We need to tweak it. Lemonis his sales pitch definitely needs work. I think you guys have done a [bleep] job explaining to them why they need to own it. And his Business Plan needs a reality check. I think your numbers are obscenely wrong. If i cant get him to loosen up and work on collaborating. Ethan i think there were a lot of people that were saying the same thing about a car, when henry ford came out with the car. They were happy with the horsedrawn carriages, but i think that, you know, longterm, worked out in a different way. Lemonis . This company may be up a creek without a paddle. Weve got a deal . Ethan uh. Uh, well, i, the. Um. Lemonis my name is marcus lemonis, and i risk my own money to save struggling businesses. Were not gonna wake up every morning wondering if we have a job. Were gonna wake up every morning wondering how many jobs we have to do. Its not always pretty. Everythings gonna change. Everything. But i do it to save jobs, and i do
Police brutality and why it requires endless resistance all those more coming up in todays going underground 1st britain finally faces up to something of the alleged war crimes committed during the socalled troubles today as a Parliamentary Committee releases a report into the legacy of bloodshed in ireland its all been alleged that british Army Techniques employed in illegal british wars like the one in iraq were honed in the new book traces the past present and future of state coersion and its critical connection to Global Capital joining me now from los angeles is the author of the Global Police state Professor William i robinson thank you so much for coming on we got a hint arguably of the Global Police state from wiki leaks they released the iraq war logs 10 years ago this week this month what is the Global Police state the title of your book i mean 3 things by Global Police state but let me put that in context by saying the starting point. For the discussion of Global Police stat