We will bring you fast money trades straight ahead. We start off with a zombie ap k apocalypse on wall street. Many icons are among the walking dead like macys carnival, delta. Nearly 200 companies have joined the zombie rank since march. Total debt obligations nearing 1. 4 trillion dollars a lot of these names are names we talk about trading on this show how should we start thinking about this before we get into the walking dead, i want to point out, a great job by our crack staff leading with the cranberry zombie, and delores was the founder of the zombie. I may have gone with Something Like this if the crack staff is listening. We are now two minutes into the show its important to point this out because folks at home are paying attention apparently more important than actually trading our first topic in what is known as the ablock of the show. Its not more important its important we will talk about ablock and Zombie Companies last night we talked about macys and we talked about the
Cfo about why all the m a is going on and how billionsof dollars vanished in hollywood as the screening giant shuts down completely it is thursday, october 22, and this is Worldwide Exchange. I think video killed the video star, answer that the anyway, welcome from wherever in the world you may be watching. Thank you for joining us well get to that squibby story in a few minutes but right now here is how the Global Markets are setting up their day. Stock market, well call them done to maybe flat nasdaq a little bit in the green, all this after stocks closed down yesterday, dow slipping 100 Investors Holding out hope for a stimulus deal and also starting to worry more about the election more on that in a few minutes. Major indexes all on pace to snap their multiweek win streaks. Nasdaq down slightly more. And today well get jobless claims number out at 8 30 as they always are on a thursday. For the first Time Applications may be coming in at 875,000 like they did in the latest week. Las
The Political Panel weighs in on that plus a new poll showing a real conundrum for voters in the story that blew me away, we will introduce you to a 15yearold business owner, a 15yearold business owner. All that and so much more on making money. Charles washington spending trillions of dollars again to help the economy, a lot of the economy has already come worrying back and in the process the rich have gotten even richer, everyone else seems to get more better and moreover blaming capitalism saying it did not curve the debt and come up with solution needed in the age of coronavirus. Affords headline says capitalism is failing us just when we need it most. In ap news headline, from the pope, marking capitalism has failed and pandemics means reform. Many of the critics of capitalism have never been fans but the jobs disappearing in 2020 is giving them a much bigger soapbox, is capitalism fading and how does the narrative change, lets ask a champion of capitalism, steve moore, they are c
A few months ago after a long negotiation between myself and republican speaker, of the house of representatives, we came to agree on a Budget Agreement precisely to avoid a Manufacturing Crisis that we just witnessed. But the last few days and weeks, extreme maga republicans tried to walk away from that deal, voting for deep, drastic Spending Cuts from 30 to 80 that would have been devastating for millions of americans. They failed again and we stopped them. But im under no illusions that they will be backing it. A short while back i spoke with an analyst to ask how Global Markets will react to the latest development out of washington. I think it is. We have 45 days, its kicking the can down the road. I feel that will be relatively positive as far as Market Sentiment over the next trading week and certainly this week and the next couple of weeks. So overall, its a short term reprieve and we will have to see where it is in 45 days. Ratings agencies say a shutdown will hurt us credit ra
And the congress. A few months ago after a long negotiation between myself and republican speaker, of the house of representatives, we came to agree on a Budget Agreement precisely to avoid a Manufacturing Crisis that we just witnessed. For the last few days and weeks of extreme republicans tried to walk away from that deal, voting for deep drastic Spending Cuts from 30 80 that would have been devastating for millions of americans. They felt again and we stopped. But im under no illusions that they will be backing it. Illusions that they will be backing it illusions that they will be backin it. ,. ,. , ~ backing it. Eschol parkl spoke with an analyst backing it. Eschol parkl spoke with an analyst to backing it. Eschol parkl spoke with an analyst to ask backing it. Eschol parkl spoke with an analyst to ask how with an analyst to ask how Global Markets will react to the latest development out of washington. Indie the latest development out of washington the latest development out of wash