Back in the late 1990 s. That it would get to 36000. Right. And that was famously a bad call because it crashed down to very far down after that. Well, the metrics that the government used for inflation are very skewed. So in other words, the stock market is reflecting inflation and the u. S. Dollar is experiencing a hyper inflationary collapse against big coins. And what these financial engineers have done like harry cohn and the others on wall street and around the world is they have financially engineer the world so that when they print the money, it doesnt go down the path toward wage growth. All those paths are cut off using Financial Engineering pretty much the wages dont go up and then they look at that and they say, look, theres no inflation, we better print more and then the wages dont go up anyway. Those, those people are still in poverty stricken, but oh, the asset prices of stocks, they keep on going up. We dont know why that is. It seems like an anomaly. We just made anoth
Detention. Good morning to you. Thanks for joining us here on r. T. International. The iranian president has accused israel of killing the countrys top scientist. The assassination of the man dubbed the mastermind of Irans Nuclear program will not slow down the countrys achievements. Tehran also branded the attack an act of state terrorism. A local reporter gave his details. Senior iranian scientist was killed on a highway near tehran. Theres not much detail about number of people involved in the attack, or number of People Killed in the incident, and skirmish tag took place some 75 kilometers outside to iran, north east of tehran, near the resort city of stat. You know, apparently he did. Traffic was quite less day usual in comparison to the other days. And the terrorists apparently caught into the vehicle of the scientists newsmedia say dad, there was an explosion. And then there was a gunfire. Berridge of gunfire. Bits been the Security Officials and sasan tactic, which is killing o
The owner of a small restaurant in canada resorted to stay away from his own eatery after being arrested for keeping it open during long down. His supporters scuffled with police during his detention here in the russian capital. Thanks for joining us on r. T. International. The iranian president has accused israel of killing the countrys top scientist, son rouhani added that the assassination of the man dubbed the mastermind of Irans Nuclear program. Wont slow down the countrys achievements, tehran also branded the attack an act of state terrorism. Local reporter gave us more details. Senior iranian scientist was killed on a highway near tehran. Theres not much detail about number of people involved in the attack, or number of People Killed in the incident, and skirmish to tack to place some 75 kilometers outside tehran in north east of tehran, near the resort city of stat. You know, apparently he did. Traffic was quite less than usual in comparison to the other days. And the terrorist
Of optimism into the market. Thats sending a huge swath of the markets to record highs, as president elect joe biden gets clearance from the Trump Administration to begin preliminary transition protocols. Yes, it crashed through the 30,000 ceiling but can the dow close there . Heres what you need to watch in the next call it 59 minutes with me. The dow has got to be up 359 points for a brand new record. But were above 30,000 and that means we are up about 437, just 29 points above 30,000. So you get to do the math there. The s p has got to be up 49 points. We are at the moment up 55. No record for the nasdaq, but it did pop above 12,000 for the very first time and we are still there, 12,026. The russell, im not going to ignore it. I know you russell fans. These are the small and midcaps. Any gain is a record. The dow transports also about to close at new alltime highs. We are watching it all so closely. But as the markets say let the good times roll, there is a darker backdrop at this
Good wednesday morning welcome to squawk alley. Im john for the with caro quintanilla and Julia Borstin well start with apple, a cost cut for Small Developers josh lipton breaks down the news for us. Here is how the new program is going to work its called the App Store Small Business Program it launches on january 1st and it does represent a big change here. Developers earning up to 1 million during the Previous Year will now be eligible for a commission of 15 on paid apps and inapp purchases, and that is half of apples Standard Commission apple says the new program will impact what it says is the vast majority of developers selling Digital Goods and services on the store. Tim cook saying in a statement the app store has been an engine of Economic Growth like none other, creating millions of new jobs and a pathway to entrepreneurship accessible to anyone with a great idea for investors this change is also important remember, the app store is critical for apple it accounts for an estima