Because something looks like it is. That will be deemed a victory. Do you share that . I agree. Even a mini victory will be great for the markets. That is priced in. People are so nervous about a trade war. Businesses and consumers are holding back investing cash right now. 3 trillion sitting in money market fund, the highest in history. People are still neil 3 trillion in money market . Correct. Neil like money under the mattress. That has to be put to work. Money going to put to work. If you get uncertainty lifted that is a whole lot of money going into the markets to lift it higher. Neil the old story of lore, markets in this anticipation might sell on the fact. Where do you think this goes . Certainly this has been an ongoing drama for two years now. Weve seen this movie before. Expectations run high. Then they get dashed. I do think there is some momentum here for at least a truce. Certainly in chinas interest to buy some ago products from the u. S. They have the african swine flu
Next the latest. Hello this is max kaiser this is the kaiser report you remember the wizard of oz and dorothy said if you click your heels 3 times and say i want to be home you get home Something Like that and of course its an allegory about the Gold Standard how apropos anyway just repeating the same entre over and over again has magical impacts stacey yes it has magical impacts throughout history of course during that time was a period of time similar to what ray deleo says were going through again today then 1920 s. T. In 1930 s. And one of the theories or propaganda that emerged during that time is if you repeat a lie often enough it becomes the truth so with that in mind heres a tweet from Paul Krugman Nobel economics laureate debt is money we owe to ourselves debt is money we owe to ourselves debt is money we owe to ourselves that is money that it only makes us poor in aggregate if it crowds out investment which is isnt doing that at our level of about the vote that at that at th
America in boeing ata, where he received his degree in jourmism. He relocated to the United States in 1984 where he was employed at jourmist for america 12 20 news and worked as news vivetor for 11 q radio and radio, uniony vision radio in orlando, florida as well. The s the first latino was first to have the Latin Television to stations in latin america and europe. He won for his work in television, arts and science. He is a fivetime award recipient. N 2008, he was awarded the don award. He was [speaking spanish] for the transmission of the Space Shuttle challenger that affected our state and the nation. He was on the list of journalists to travel toll space. Is currently working as a telemundo and host of a program that explores social, economic, political and community analysis. He continues to report and erform voiceovers for national geographic, discovery and others. Serves with other organizations including comid, a group of doctors who are helping people with medical necessities
I could go on and on. Growing china trade uncertainty. Things are getting a little violent right now in hong kong. For next two hours well put it all together. We say boo, you decide whether you still want to buy. See what we did there . Neil boo were down 226 points just like that. Starting off the first day of this problematic month. It is not traditionally the worst month for stocks but more memorable from some of those crashes, crashettes whatever you call them. Im not saying it will end up this way but it is starting out that way and scaring some folks. We have had big drops this month. October of 18 we can remember 1342 hit. In 081525 point hit. We could go on and on. In percentage terms the big one to beat is 25 plus hit in the dow in october of 1929. In 1987 we lost a quarter of the dows value. I only mention that, this is a spooky month. We have a lot of spooky developments were getting into. Not only widening search for subpoenas on capitol hill and people resisting those sub
Visits at cspan. Org citiestour. All right. One, two, three. The nationals final rodeo. Theres no place better to be the second week in july than sheridan, wyoming. We put on a world class event and we just love to invite you all to come to sheridan. O say can you see y the dawns early light what so proudly we hail by the twilights last gleaming i tell you what, this week is the biggest week in sheridan. Economically and entertainmentwise. Its good because 89 years ago, sheridan was dead as a doer nail. There was nothing going on. So door nail. There was nothing going on. So some citizens decided, we need to have a rodeo to provide some Economic Opportunity and entertainment and that was their charter and it still is. So here we are 89 years later. Were still doing the same thing and we hope the Founding Fathers will be proud of that. In 1928 and 1929, a financier family named j. P. Morgue be, they bought the historic morgan, they bought the historic p. K. Ranch outside of town. For ye