Legendary Silicon Valley venture capitalist tim draper, he was a very early investor in twitter. We have him in a fox business exclusive on exactly what he thinks and how serious he believes this new move by President Trump ostensibly against twitter and other social media names might really mean for Silicon Valley. And we are looking at many different stories at this hour, specifically let the bidding wars begin. Yeah, the Housing Market. How about that. We know that more states are allowing the reopening of so many different businesses, including Real Estate Brokers who had been during the lockdown banned from pretty much facing facetoface potential buyers. Re realogys ceo is here on just how strong he believes the snapback in recovery for the real estate business really truly is going to be. And the coronavirus lockdowns have taken a toll on americans Mental Health. The hottest app in wellness, in the wellness world, is now focused on pretty much helping you get your mind in the rig
Small businesses are dead and j. P. L. Said chairman says this is fine because its fine this is fun to find a monkey beautiful again. Well this is fine you know the only solution they seem to have over and over is more money printing and the fed is at that again nonstop since 2008 really as paul says fed policies will absolutely not lead to more income inequality this is what he claimed last week while cities across america were on fire and notice that he said income inequality you know money printing does it causes asset prices to increase and tech Capital Gains to increase he didnt mention that he didnt mention the wealth gap so i did want to turn to a chart from pew and it shows the share of u. S. Aggregate wealth since 1983 to 2016 this is what the fed has been doing this is the upper income went from having 60 percent of all wealth in america back in 1903 to 179 percent and its probably much higher even now middle income has been the huge collapse as you see down from 32 percent t
Buying to manipulate the stock market by promising to buy our stock so the higher price in the forward market so thats going to create a speculative demand for stocks so the speculative demand for stocks by Federal Reserve manipulation and the actual flow of funding money into the stock market from the government has been pushing it back up giving the illusion of prosperity at least for the 10 percent thats right the statue of libertys on the floor of the New York Stock Exchange im a buyer of the wire bubble but i will play a little bit all right Michael Hudson has pointed out the Federal Reserve bank is buying everything i would equate the stock market say with exit scam right so the 10 percent that own stocks of america are exiting america and theyre taking all the valuable assets with them and to fund that purchase the fed is giving them trillions of dollars of free money best the way we see it thats the way its working and that explains the disconnect between valuations on most of
Of wrong is from the statue of liberty at the base statue of liberty was given to america as a gift by france madam liberty it is you know the United States was founded on the principles of the and white men happened in france and in scotland but i thought this image of. Lady liberty of the statue of liberty in this headline that i want to turn to from the daily mail trumps has new york has been lost to thaw and low life scum after looters ransacked 5th avenue and curfew is brought forward from 11 pm to 8 pm until end of week but cuomo into glasgow still refuse to call in the National Guard and as you can see there some looters on the front page and weve talked about the looters at the top from the very beginning the trillions and trillions of dollars being printed in the cant tell you in effect but heres lady liberty right there on the ground trinket probably made in china sold in times square and just as quite a fitting image for the rest of the stories we have to cover max oh absolu
In case of s p 500 and whats happening and dow up better than 40 from that period. The dow hovering over 26,154, a little more than what, 3,000 points from alltime highs reached in february . It is a bit of a remarkable turn around here. We are on top of that. Were on top of promising signs when you hear mark zandi, the moodys chief economist who is now saying that the covid19 recession is over. That job losses are not as bad as feared. That he sees a pickup in jobs starting in this month. He was mr. Doom and gloom. If you want to be contrarian, run the other way on that. For him to say that this might be the worst that has come and gone, better days are ahead that is greasing the skids for more buying. Were following that. Following what is happening on the Interest Rate front as they pick up. Again it is really reflection of the improving global economy, keeping an eye on that. Keeping an eye right now on new york city and whether things can kind of be what they were like last night.