Ashley, kick it off with you. Ashley why not, million listsa welcome back, connell. Hopes for a new come from mize stimulus bill and decent Economic Data has to be said helped push major markets higher in the session. We lost some steam in the final hour. What about the final minutes . More money came back in even though we know Congress Continues to wrangle over the relief bill. The dow, s p, nasdaq finishing the day as you can see on the upside. The dow up 328 points. S p up nearly 1 . The nasdaq gaining 3 4 of a percent right at the closing bell. Not bad. By the way we should mention apple, almost, i say almost reclaimed it is two trillion dollar market value gaining more than well, 1 1 2 in the end, about a buck 1 2 short of that landmark level. We should point out apple is up 27 for the Third Quarter. Not too shabby. As for the month of september, a historically weak month we know that for stocks. That kind of proved to be the case with all the Major Exchange losing ground. The do
The governor of michigan points a finger at the president to 6 people and charged with plotting to kidnap. The world has seen a record one day jump in global coronavirus cases the World Health Organization has reported more than 333338000 infections in 24 hours and 5 and a half 1000 deaths they says warnings a sounded about rising cases across europe as france reported more than 18000. 00 new cases it was announced that 4 major french cities will join paris and must say that the maximum level in the u. K. Where cases rose by more than 17 and a half 1000 the government says its considering a range of measures from Northern England for the 1st time since april portugal has recorded more than a 1000 new cases and italy more than 300000 potence Prime Minister says Wearing Masks outside will be compulsory across the country even germany a country still seen as exemplary for controlling the spread of the virus has seen a sharp jump in cases dominic kane reports from berlin. This is the reali
Colleges are told to offload holdings of mainland companies. Australia signs a deal to make any covid19 vaccine for all. The government will distribute should it prove successful. More vaccine optimism playing out in australia. Lets look at how we are shaping up in terms of the u. S. Future session. Another renewed push of momentum in u. S. Markets overnight, hitting the record, propelled again by the same names. Also betterthanexpected u. S. Housing data. 2016 helping out sentiment, as well. We have positivity when it comes to the active futures trading at the moment. The nikkei 225 trading in chicago, looking flat at the moment ahead of a trade balance numbers, as well as machinery orders. We do have the topix, best performer in terms of Global Markets so far in this month of august. We are looking at broad weakness when it comes to the u. S. Dollar. The dollar sinking to his lowest levels since may of 2018. Im worried about the u. S. Economy with yet no relief package, stimulus pack
Monday morning that they were going to go bankrupt well you know in america when you go bankrupt in chapter 11 we declare chapter 11 what happens is your creditors line up to see who gets the debt whoever is this has the most senior debt the bond holders the bank loans anything like that they cant your money 1st your assets they liquidate everything and then if theres anything left over a which creditors make sure theres not and the lawyers get paid and everything that then maybe equity holders shareholders might get paid so they never get paid right but when the news broke that they were going to go bankrupt chesapeake. People on robinhood especially these free apps available and its mostly for millennia old and generations a very young traders new traitorous and they all just got new money free money stimulus checks 1200. 00 each from the government they poured into it stop prices up at 300 percent at one point it close at 170 something percent 180 percent but heres what you know the
500 stocks down over the last 10 weeks today was the 3rd straight day with over 6000000000 shares traded on the nasdaq all of which have been higher than any day in history to put that in perspective from 2009 until 2020 there wasnt even a one day with 5000000000 shares theres no connection between the economy and the stock market now that spot abnormal theres usually a lag between the 2 main street can collapse and then stock market can start moving up based on anticipation of main street or the economy picking up and sometimes the stock market will go down before the economy does because it has this tendency to be a quote discounting mechanism but what were seeing here is not a discounting of prices based on some fundamental analysis of the economy what were seeing is an utter divorce an utter split from the real economy and the financial ised funny money fed driven casino that is now taken over the globe this is causing 2 things the overlord class are becoming fabulously wealthy and