Dot com stay with us for the kaiser report looking into some multibillion dollar losses and Silicon Valley and if youre watching us in the u. K. Boom bust as next. Of this is the kaiser report now this economy is built on losses all these unicorns its taken public on the exchange theyve got billions and billions of losses there everyone that comes up as more losses thats the way. The oil industry the fracking industry is built on losses losses are the key of the American Economy to find out more about this late breaking story lets check in with Stacey Herbert or as says tracy stacey what is going on well we do have an empire of debt and of course debt is a good way to ship dollars around the world so i think thats part of what backs all of this but were going to compare the debts of the unicorns versus debt the red queen lets call it that unicorns versus the red queen the wave of unicorn i. P. O. s expose a Silicon Valleys group think the wave of unicorn i. P. O. s who feels Silicon Va
Scaling is is the doctrine an order to conquer the winner takes all so you lose a whole bunch of money the theory is if you lose a whole bunch of money in order to drive all your competitors out destroy its just like blitzkrieg the whole market destroy all the competition and then once all the competition is dead you raise your prices up to whatever it like you become like an American Hospital system or the Health Care System i had a couple examples of this obviously amazon was a blitz scaler they have totally taken over the retail environment and beaten the walmart to the retail punch by reporting huge losses i remember in the ninetys when the company went public and Henry Blodget at that time was an analyst saying that the Company Stock could get to four hundred of course now its over two thousand but people scott the idea because of all these huge losses that there were were report. Going and bezos like them why should i you know record profits because profits get taxed and i dont w
Looks to strike the perfect combination of alcohol, tobacco, and cannabis companies. Whether you embrace or fear etfs, theres no getting around their influence. To get us started on the themes of the week, lets bring in Bloomberg Intelligence etf analyst eric balchunas. You have a snapshot of the flows this week. What are we looking at . Eric thank you, taylor. We look at the oneweek flows. We are just struck by the number one here, tlt. Look at the amount that has gone into tlt, 2. 1 billion. I wont really go into the rest this week. Lets really hone in on this. That is a lot. Tlt is interesting. One of the rare etfs where the flows can be bullish or bearish. So which are they . I think part of solving the puzzle is looking at long dated bond etfs in general to see if this is a oneoff or part of a bigger move into these etfs. You can see longterm etfs have taken in 5. 6 billion, an 18 jump. We have a dozen of them taking in cash. There is some breadth and depth here to this. Tlt, the
The president was asked whether Jeff Sessions had job security and notably declined to answer that question. The fate of rosen stein is one of the Big Questions going into the rest of thisafternoon. The question is who was running the investigation. It is from the department of justice and what the fate of that investigation may be. The president never clicked with Jeff Sessions after that sessions recusal. The president has politically humiliated Jeff Sessions just a day now after the Midterm Elections. Just want to reintroduce the team, all of the election teem back at hq was it already priced in from the point of views coming fairly quickly as a result . I think it was widely expected this change would take place. It has been telegraphed by several including lindsay gram there has always been the question of if the president intended to do this why doesnt he do it there is potential for political backlash now, he is doing it immediately after the election as democrats are preparing
Straight ahead on making money. Right now tech, financial stocks are dragging this market lower. The major indices though still on pace for solid weekly gains. Were wrapping up what is really very interesting week for the market. It began to stablize. It continues in my mine to seek new leadership. I want to bring in crescent wealth advisors, chief investment officer, jack be a blip and d. R. Barton now. Jack, i like the fact other names stepping into the fray, and apple was down, google was down but by the same token there is vulnerability to this market, isnt there . There is a seasonal up tailwind mixed in with the monetary headwind. Yesterday personified it. We had a great day. Everything was going really strong. Then claim powell came out and by the way, well continue to raise rates. Sure enough, investor woke up this morning, said we have to sell. There is the tension between the seasonal push and Interest Rates we have to face down in the coming months. Charles jack, before i go