Is confirming today that its going to be testing a mobile app for storing and exchanging the on not as a paper entity by the way but rather as a digital entity like for example. The world learned about this when this screenshot appeared on social media take a look at that right there see it you can see there from the image that this appears to be sort of a Marketing Tool to get citizens chinese citizens comfortable with the idea of using and trusting Digital Currency now its important to mention that china is stressing that this really is quote only a test but is it and if it isnt why are they so i head of the game at this point forbes right forbes one of the worlds leading business periodicals is warning the white house right now that. Up and ministration not to continue its present course of banning and attacking cryptocurrency in fact let me show you this recent headline from forbes it says quote why try should unveil a us answer to big coin to rival chinas digital one should the wh
Live from the World Headquarters of the r t america our Nations Capital this is the news with rick sanchez. Im rick sanchez and i want to welcome all of you were watching us from all over the world im quoting those of you who are watching on your mobile phones using the portable t. V. Up it may very well be that while the rest of the world especially the United States snoozes china is moving along with its plans to create the future of money and what is the future of money what is china doing that we here in america for example are not well get this is now testing a new Digital Currency so here is what we know Chinas Central Bank is confirming today that its going to be testing a mobile app for storing and exchanging the on not as a paper entity by the way but rather as a digital like for example. The world learned about this when this screenshot appeared on social media take a look at that right there see it you can see there from the image that this appears to be sort of a Marketing
And joe santoli. Joe and andrew are off today with the storm and everything going on, thank you for being here it was one nasty storm. It did a number when you think about businesses dealing with a lack of power, it is like the plague coming down well start this morning with the markets. Nasdaq with the fifth straight positive day up 22 for the year to date. Pretty good day for the dow and s p. S p indicated up close to 20 points the dow up close to 200 points and the nasdaq up as well. The treasury story has been incredible yesterday, the 10year note at a record low this morning, the yield is at. 526 it seems the context is the same, which is the dollar weaker you see that downward pressure foreign treasuries can buy our equity yield we have bond yields below inflation. That means huge tech stocks that means gold and bonds b. What are the implications for this market and the companion market corporate wise, you have earnings better than give uptype forecast analysts could have a good
Claims. 1. 3 million last week, and that is the 15th weekly decline, so the downtrend continues. However, 17 million are still unemployed and still collecting benefits. Ive got two big tech stories for you. First off, the twitter hack. Fake messages appeared from big name celebrities. It was a bitcoin scam. The important point is the hackers took over the platform and could have sent out messages to disrupt the market or the election or anything. They showed they could do it and that is a huge problem. Stocks way down. Second tech problem, the top court in europe will restrict the transfer of the personal data of europeans to american companies. They are worried about our surveillance of them. This could severely disrupt big tech operations and big tech stocks are down. While stocks generally are moving lower, especially those technology issues, the dow, we are looking at a minus 180 at the opening bell, down 21 for the s p and really, the nasdaq taking it on the chin. Again, technolog
Districts that dont open schools. Well get reaction from mattie duppler. What about the another stimulus package . Where is the urgency . I will a a an bgs all that and so muchuc more morn akinmymomo. Wheelelelel are areni tng t s y nglihikenk tinhig,nking,ing, tnh iths wh iats ywhouat y couan. Snststste a of knowns and a lot of unknownnk to to consider at this men put into perspective. Rtic alert bear case, 20 decline from where we right now. S p, maybe to 2500. Base case, the s p earnings improve to the end of the year, maybe slightly higher than where we are. There is the bull case. 3500 in the s p. I want to bring in two women that really know. Experts. Market chief strategist, Kathleen Rooney vera. We have Francis Newton stacy. You know i love you guys. When i bring you on, that is six names that i have to contend with. Let me, start with you, francis, of these three potential scenarios which one makes the most sense to you . By the way how should we be invested in that particuarl