You indepth analysis we have a packed show today so lets dive right in. And we lead the program with Economic Data out of the worlds 2 largest economies as the globe continues to grapple with the copen 1000. 00 pandemic lets start in china officials are reporting the countrys g. D. P. Grew by 3. 2 percent in the 2nd quarter of 2020 compared to the same period last year now the Economic Growth was a sharp rebound after the worlds 2nd largest economy contract by 6. 8 percent year over year for the 1st quarter of this year now china was the 1st nation worldwide to start lock downs and stay at home orders in january but most restrictions have since been eased more positive data came as industrial output jumped 4. 8 percent year over year for the month of june better than initial estimates from economists now some experts see these data points as a sign of an economic recovery for china however retail sales fell by 1. 8 percent for the month of june worse than analysts expectations but bett
Now in the meantime stay tuned coming up next its because im a full. Time kaiser this is the kaiser report fear money. Try over and over again throughout history going back to john laws hundreds of years ago and. As voltaire said the value of money always returns to its Intrinsic Value 0. I think we may be at once again an Inflection Point stacey where the fia let me experiment in paper tears its paper tears from here on out of course kaiser report has told you this for the past 10 years we have warned you about this you know j. P. Morgan himself one time at one point when he was alive back oh about 100 years ago he said gold is money all else is credit well Deutsche Banks head of credit. So he should know agrees with them Deutsche Bank top credit strategist makes stunning admission i am a gold bug for money is a passing fad in the history of money so he said gold is definitely a fee out money hedge hes buying gold and that money will be a passing fad in the long term history of money
Of trade, chinas biggest names, many of them trading on the almighty nasdaq, getting caught in the crossfire. Though it is americas tech titans that get quite a bit of credit for the nasdaq taking 2020 by storm, but could another stealth sector be poised to steal silicon valleys thunder on the techdominated index . Coming up, nasdaq ceo adina freeman here live on her exchange giants massive earnings beat and the stealth stocks that may deserve the credit for much of the win. And she is surely one of the many in the market who will be watching teslas latest look under the hood today. Could we see elons empire speed its way into one of the markets most exclusive clubs . We will tell you what that is. Plus sports, betting on americas pasttime. A new window into the clean energy future. And charlie breaks it. With less than an hour to the closing bell, lets start the claman countdown. Liz we have this report just crossing the financial times. Breaking news. A group led by General Atlantic
These are numbers and as i said you are going to have a fantastic 3rd quarter it will be the 3rd quarter the likes of which nobody has ever seen before in my opinion. And the good thing is the numbers will be coming out just prior to the election so people will be able to see those numbers the 4th quarter like was will be extremely good and maybe most importantly from the standpoint of our country itself next year will be a historic year next year is going to be an incredible year for jobs for companies for growth things are happening like nobody would have thought possible while Many Companies began rehiring in may and june a recent surge in corona virus cases is forcing some states to haul or even reverse plans for reopening now keep in mind there are still 17000000 americans who have lost their jobs and have not yet been rehired well this comes as congress is working on another possible round of stimulus republicans seem to reject the democrats push for 2000. 00. Her personal month
This comes as regions across the country allowed for more businesses to reopen and with an increase in Consumer Spending well President Trump wasted no time celebrating the government report and took a victory lap as he said the recent number proves the countrys economy is roaring back todays announcement proves that our economy is roaring back its coming back extremely strong all coming back coming back faster bigger and better than we ever thought possible these are the numbers these are not numbers made up by me these are numbers and as i said you are going to have a fantastic 3rd quarter it will be the 3rd quarter the likes of which nobody has ever seen before in my opinion. And the good thing is the numbers will be coming out just prior to the election so people will be able to see those numbers the 4th quarter like was will be extremely good and maybe most importantly from the standpoint of our country itself next year will be. Stuart year next year is going to be an incredible y