Backscatter this. Poor. Report yes ding dong the witch is dead Warren Buffett the extortionist private equity job is reported Game Changing record breaking losses as Berkshire Hathaway is Holding Company goes belly up more or less stacy this episode is an exercise in bad taste well actually its an exercise in poor taste which would be the phrase the logline for pink flamingos so im going to refer 1st to the pink flamingos because we have a tweet directed at us from one of our viewers and his name is. Central and he says off topic i like the flamingos of a report where are they my wife also commented on how nice they are so i got some pics brought them back to the set there on the set you know they should be multiplying like they are moving because of the lockdown all the pink flamingos are surrounding everything disco disco burgeon. Right of course pink flamingos was a raunchy bad taste thats fine let it go of course pink flamingos was a bad taste film by john waters in 1972 and i thin
Version. Right of course pink flamingos was a raunchy bad taste thats fine let it go of course pink flamingos was a raunchy bad taste film by john waters in 1972 and i think 1972 is an important year that we started bringing in bad our bad taste and trashy taste because thats when we started getting trashy food and poor taste sort of investors like Warren Buffett Warren Buffett this past weekend did announce results not only did he lose over 50000000000. 00 in the 1st quarter but he proceeded to trash the entire u. S. Economy he announced he dumped all of his shares to is the entirety of his holding holdings of 4 u. S. Airlines united american southwest and delta he does he own 10 percent of those he dumped but what did he tell the ordinary person the investors out there i hope ive convinced you to bet on America Warren buffets hes a guy who of course has no bet on america because he hes now. Piled up 137000000000. 00 this whole buffet thing with his dumping of the airlines you know le
1st to the pink flamingos because we have a tweet directed at us from one of our viewers and his name is. Central and he says off topic i like the flamingos in the port where are they my wife also commented on how nice they are so i got some pics flamingos brought them back to the set there on the set you know they should be multiplying like they are moving because of the lockdown all the pink flamingos are surrounding everything disco disco version. Right of course pink flamingos was a raunchy bad taste thats fine let it go of course paint forming guys was a raunchy bad taste film by john waters in 1972 and i think 1972 is an important year that we started bringing in bad our bad taste and trashy taste because thats when we started getting trashy food and poor taste sort of investors like Warren Buffett Warren Buffett this past weekend did announce results not only did he lose over 50000000000. 00 in the 1st quarter but he proceeded to trash the entire u. S. Economy he announced that
Facebook premarket, zooming after a big gain yesterday. Its Financial Report suggested some stability returning to the advertising market. Facebook getting 98 of its revenue from ads. This company is a truly global platform. Over 1. 7 billion daily users. Stocks up another 6 this morning after a gain yesterday. Look at microsoft. Big gain yesterday, modest gain this morning. Its close to its alltime high. It says the virus had little impact on its business. Up 1 , microsoft, this morning. Its true to say these trillion Dollar Tech Companies are again pulling in a big chunk of investors money. One more for you. Tesla. Yep, another big gain. Elon musk is furious at the california authorities for keeping his fremont plant closed. He calls them fascists. More on that in a moment. Look at tesla go, 854, up 54. Overall trn overall, its a down day. The dow is looking to be down 280 points. The s p down 33, and the nasdaq, despite the success of big tech companies, thats going to be down as we
Information is incorporated there. Im keeping an eye on relationships between stocks and bonds. Bonds have vastly outperformed you can see the chart in the bond mark ket index. A lot of chatter about how Pension Funds will have to rebalance out of bonds into stocks to keep ratings consistent whether yesterday was a front running of that activity or whether by the way individuals may now use it as an occasion to say my allocation is out of whack because stocks are smaller, that is something we can watch perhaps play out on over the next few days mike santoly, thank you that sets us up well for our first discussion, market panel of the day well start with market action, another volatile trading session so far good morning andrew, ill start with you, how are you advising clients right now . Especially given the fact we are coming off the dow having the best day in 80 years, but historically weve seen these moves on a singlef day basis in the midst of recessions or bear markets. Great ques