The Supreme Court, and health care. With me throughout the night are bloomberg contributors rick davis, partner at Stone Court Capital and jeanie, professor of Political Science at iona college. The economy, both candidates have been in debates before. Vice president pence against tim kaine four years ago. And senator harris against all the other Democratic Candidates for president earlier this year. And this is what they have had to say about the economy in prior debates. In the wake of a season where American Families are struggling in this economy, under the weight of higher taxes and obamacare and the war on coal and the stifling avalanche of regulation coming out of this administration, Hillary Clinton and tim kaine want more of the same. And youre measuring this greatness of this economy of yours, and he talks about the stock market. Well, thats fine if you own stocks. So many families in america do not. David ric davis, what we just heard from Vice President pence in that last f
A look at back at the biggest stories in the last 7 days but 1st stay with us for the kaiser report. Oh hi im max foster this is the kaiser report you know there seems to be a bit of panic in the air. Play lets check in with Stacy Herbert i dont more max as you know weve had 4 years of a lot of political turmoil and starting to spill out into the streets everywhere you look not only in the United States but around the world and Rand Corporation might have an explanation for this now remember Rand Corporation if youre if you were around in the seventys they were part of the pentagon papers right it was identical ellsberg released the hundreds of pages of research they had done on the debacle that was the vietnam war and now they have basically done some research on the debacle that is fed policy of creating can tell you an heiress since 1971 so the top one percent of americans have taken 50 trillion dollars from the bottom 90 percent and thats made the us less secure this is according t
Things that you did in the market today you bought walmart and mic microsoft. Why are you putting money to work in those stocks now why am i putting money to work and then ill get to those stocks we had had a 10 correction. You know ive held cash for a little while im not the onlywaiting for a correction i still have some cash but, look, for this to get worse than a correction, maybe it goes down 12, 13 . I dont know if it to get worse you have to think the fed is ineffective and the cash on the sidelines which we know is there for mutual fund and etf flows isnt going to come flooding in i think it will start coming in. Otherwise, youre predicting the end of the world in 42 years of investing i have yet to see the world ends walmart has a good mixture of brick and mortar with Online Presence has a peg ratio of 2. 0 microsoft has many pistons in the engine whether its azure, the operating system or gaming you see it in the peg ratio which is 2. 2 a 30 times multiple is absolutely reason
Every Small Business is going to be out of business i had time to selling is over not just wipe out an entire class of people because you allowed the wealthy to go out and thrive through these tough times getting access that they had all doing all the things that normal people dont get to do so the class divide will continue and its mostly because we dont really allow the true free markets work anymore we allow the the Upper Echelon they have a better chance and better access Going Forward and i think thats one of the big problems that i see here well so many go to richard so many of the wealthy you know look at socialism as something of a point but i mean this is exactly what they how they have to have socialism for the very very rich Concierge Service and you know the states not supposed to keep winners because thats against the markets but thats exactly what theyre doing theyre picking winners all of the time richard. Yeah i think i agree that we are in a sea instead. Of capitalisms
And all the International Stage should now for cross full coming up next kevin ill be here with you in the studio next hour to give you the latest news updates from around the world will see about that. Alone we welcome to cross talk were all things are considered im Peter Lavelle as the culture war d rages on and they did the billionaire class is only getting well you know their well iraq percent 184 1000000000. 00 since the start of the pandemic splash how will this back shape the coming recovery and is a permanent underclass the new normal. To discuss this and more im joined by my guest Richard Wolffe in new york hes a Professor Emeritus of economics at the university of massachusetts amherst as well as an author of the recent books understanding socialism and understanding marxism and in chicago or which he is a chief marketing strategist bubba trading all right gentleman stop rules in effect that means you can jump in time you want and i was appreciate todd let me go to you as you