The afternoon wakeup planner shows you that will as we continue to work our way through the morning were just going to get warmer and warmer and are all the sunshine and eventually will be in the 70s and 80s but amid a calm and sunny afternoon. Robin very nice. Thank you. John were checking in on the traffic and we do have a backup on southbound one oh one leaving the north bay, its because of this crash right here south 1 one after North San Pedro still active still blocking some pretty heavy out of iran would into sandra fill and then when you make it to the Golden Gate Bridge. Its going to be fine after the crash. But thats why a drive time is a whopping 48 minutes right now because of the crash and i just showed you on southbound one on one, but once again the bridge itself looks really good with no problems here heading across the span were checking in on the bay bridge toll plaza taking a little peek at 80 west, a huge improvement a minor weights right there in the middle but ear
As the economist magazine calls have been ignored or obliterated everything having to do with a sound society is being ignored to get a member to a higher level and its getting to a higher level but at what cost the cost is going to be catastrophic were going to go over some of the cost in the next headline but in fact i want to say you know 1. 00 thing kaiser reporters always said in particular this guy named max kaiser on kaiser he says that the bankers always commit these crimes and then change the law so after the financial crash remember chris dodd before he was paid off by hollywood and got to run the m. P. A. Chris dodd and barney frank did the dodd frank act well here we have the fed using the dodd frank act which was supposed to help the citizens of america and give them some sort of transparency from ever being on the hook for another 4. 18151617181000. 00 trillion dollars for bailing out the banks well hes using the new york fed as using that as an excuse why they dont actua
Im max kaiser this is the kaiser report yes there is one number only one number we must get to that number is to the greatest number ever invented by humankind were going to get to that number is better than the living is better than mars living its the s. And p. 500 number stacy we continue to go up and down up and down theres a lot of hope a lot of euphoria and a lot of tension about the trade deal with china but before that were going to look at the underlying cause of the latest hyper inflationary move in the stock markets and thats been the fed the fed of course is essentially the cause of the entire rise in the stock market since 20072008 the financial crisis theyve been pouring trillions of dollars into their bodies on wall street and thats one of their buddies i was a really happy for me thats the opening bell out there so fed will not disclose which banks are receiving repo cash for at least 2 years this is our friends i gat the Gold Antitrust Action Committee out there in con
Nevertheless, stocks are rallying, the s p 500 back above 3000. The dollar index almost reached 99. It is still a lot stronger but it is trading at 98. 61 now and that is having an impact on other Asset Classes like crude oil. Gold as well coming off a little bit. Some of the stocks that are moving in the s p 500, Restaurant Brands and Food Companies continuing their outperformance. Kellogg up more than 10 . Also yum brands had better sales. Performers in the s p 500 are performing very poorly, losing almost a quarter of their market capitalization. Analysts saying there is nothing left right now in this company. Problem withhad a its drilling wells. They space them to close together in part of the Permian Basin and they have to get rid of some and that is causing serious issues. Guy good stuff. Governor mark carney says he is less confident about the economy amidst a no deal brexit. Since may, global trade tensions have intensified, little activity has remained a no dealhe idea of bre
A listen to what he told the House Financial Services committee on wednesday it appears that uncertainties around trade tensions and concerns about the strength of the Global Economy continue to weigh on the u. S. Economic outlook. Fed watchers took that expression of concern as a clear and long anticipated signal in fed speak that the u. S. Central bank will cut Interest Rates when the board of governors meets later this month u. S. Stock markets rose on reports of powles testimony with the s. And p. An expert king 500. 00 index breaking 3000. 00 during its delivery before falling back in other markets gold jumped by as much as 15. 00 an ounce in london while in the oil sector both brant and rose by 3 percent in early trading on wednesday. We are now fortunate to be joining for a deep dive into this market moving development and its meaning for the Global Economy by peter c. E. O. Of Euro Pacific Capital and Richard Wolffe Professor Emeritus of economics at the university of massachus