Well get the story from tennessee senator Marsha Blackburn. All that and more on making money. Charles it is election day. Everyone wants to know how the outcome will impact the market. My goal on the show is to go into the nuances of market. We seek out individual opportunities. Historically the market higher three months into the election has seen the incumbent win every time since 1984. 20 out of the last 23 election cycles that goes a long way. On that note i would like to give me as i bring in my guests succinct answers on the specific sectors because were looking for opportunities. I have got the right guys for you. Beginningbeginning with send grd bahnsen, Heritage Capital cio paul schatz, belpointe chief Market Strategist david nelson. I want to start with technology and communications. Been a rough go but david nelson, how do you see this group postelection . I think the message from the market you can move down the valuation curve. Last week you saw four of five Largest Compa
Switch the dow around would we be looking at essentially the same falloff . Essentially we would. This is taking nine of 12 key sectors down. Financials are holding up pretty well today but a lot of this was driven right now by concerns, comments made by dr. An any fauci. I believe he was doing interview on cnn he expressed doubts having a vaccine ready by october. I think there was leaping on that as excuse to sell, just as it could be a leap on Mitch Mcconnells comments that we might not get a deal together, spending measure, virus, stimulus deal together anytime soon. And that he doubts they will be on the same page, republicans and democrats anytime soon. Add to that that weve got new u. S. China tensions. This didnt get as much attention. It has nothing to do with trade per se but with the administration move to impose restrictions on chinese diplomats already here. I do think when you get a selloff going, people collect all of this together, say, sell, sell. It is not that neat a
For the difficult days ahead is how much and is severe and as heavy as these blah ease on the stride to die mr speaker we know that as a government that we have acted to seek to cushion the blow as much as we possibly can and that is being done at a great cost and a price to speak it would be a strategy that will recover. And destroy it will grow again and the jobs will come back and i will support the lives and livelihoods of all the strident as i have in the past for more on this lets bring in Jeffrey Tucker editorial director at the American Institute for Economic Research and host of economic update professor Richard Wolfe thank you both for being here today professor wolf i want to start with you what do you make of the this end to Economic Growth in australia and is this whole situation due to the pandemic or was it already on the horizon and what more can the country do after injecting more than 200000000000. 00 in stimulus measures earlier this year. Well there are several thin
I. This is boom bust the one business show you cant afford to miss im friendship or in washington coming up. This is i did a study die for stranded australia is feeling the strain of the copa 910 democrats the island nation enters its 1st recession in 30 years well break down the state of oceanas largest economy plus amid the new normal of Home Delivery in the times of covert amazon has won approval to blaze a new trail in the sector later on we look into the new age of ariel delivery and what this could mean for the future of Home Shopping the packed show today so lets dive right in. And we lead the program with worrisome Economic News out of australia as the nation suffered its worst quarterly drop in g. D. P. On record entering its 1st recession in nearly 30 years and a record run of 28. 00 consecutive years of Economic Growth has now officially come to an end the cool is a once in a century pandemic. The effect a covert non tain in joost recession. Real g. D. P. Fill in the june qu
Or best only part of the story now jeffrey obviously youve been very critical of lockdown measures while on the show in the past are we going to continue to see these demick dire Economic News out of nations throughout the world due to the handling of the pandemic. Yes and the only thing not prosperous that the professor just said is that is not a cause of code but Everything Else he said was ridiculous im sorry this is caused by the lockdown this is a manmade disaster and as much as i enjoyed the prayer for the Prime Minister if he would get his boots off the neck of the people of australia and that also goes for dan andrews the appalling outrageous policies that hes perpetuated to melbourne in which police are arresting people for even disagreeing with him this is what needs to end you want to soften the blow the read of the as this catastrophic Economic Times in australia and the lockdowns there was no recession in the cards this is a completely caused by outrageous discussed in Gov