Look theyre higher across the board. The nasdaq is up by 134. Its early in the morning but these are pretty significant green arrows at this point take a look at whats happening at the treasury market and youll see that right now the ten year is yielding where it has been 0. 996 joe. Tik tok, the latest here. Developing late yesterday, the u. S. Judge blocked an order that would ban tiktok from being downloaded in the u. S. The ruling is the chinese owner byte dance has more time to get approval from u. S. And Chinese Authority which is unclear if that really happens for that deal with oracle and walmart the judge did not clock a much broader ban which is set to take effect on november 12th which the way things are going will be here like tomorrow i wanted 2020 to go quickly but now im thinking its just going too quickly. We wanted to go quickly. Still 2020. You still did your best Barbara Walters with that. 2020. And hugh, hugh had a long illustrious life hugh is gone now but we remem
Know ability or have you know they feel like cheated that they didnt get any bitcoin and then they jump into all points well here is like the similar happening in Public Markets nicola the company kind of based on tesla you know with these electric trucks is estimated to earn 30000. 00 in revenue for the 3rd quarter down from 36000 dollars and the 2nd quarter it has a market cap of 12600000000. 00 this is 2020 right well what people are trading now are me miss but ive said that before that subtle is mostly valued as a like to fail the fraud was a huge mayme that changed the outcome of the 2016 president ial election tesla is mostly valued as a mean its a concept elon musk is a cartoon character that is a brilliant marketer and a brilliant engineer but his company is not what 400000000000. 00 but as a mean. It is worth 400000000000. 00 and what nicola the car company realizes that they could out me me tesla as im am and they introduced their mean like company on to the exchange General
And the couple of months. Togetherr euro coming to make the short term inflation outlook for the euro look a worse. Alix even though the words she said we might have heard before there is debate developing for the ecb. Are they going to be reactive or preemptive . That really hinging on inflation targets. Maybe we will get more on that over the next couple of days. In the markets, a fierce rally in europe, the u. S. , a lot of money pouring into tech. The nasdaq 100 futures are being shorted by the most since 2006. Pop. E seeing a last week it was about the stronger dollar and now you need to sell the dollar top. Yields go nowhere, oil goes nowhere. Now ofraho joining us ubs. What the ecb says, what the fed says in stark contrast to stimulus. In the u. S. , there is giveandtake on either side. What happens if we do negative stimulus deal . Jason the fed is going to be reactionary. We are fairly optimistic about the economy. Howell said he was on the optimistic side poweel said he is on
Themselves private or buying back their own shares with the 0 percent Interest Rate would end up with a economy and a stock market that doesnt exist anymore because its all been taken private remember during the 1980 s. Michael milken introduced the revelation in the revolution in leveraged buyouts the l. B. O. They borrowed money they acquired companies they sold off asses they kept a difference and they made many many billionaires the 1st huge wave of billionaires in America Thanks to Jackson Burnham mike milken in the leveraged buyout down 2020 weve got the end game every Single Company is a private equity firm Berkshire Hathaways a private equity firm all hedge funds are private equity firms all private equity firms or private equity firms are all borrowing money and 0 percent Interest Rate theyre all taking all the pieces off the board every house and hotel the monopoly board called america is being bought in taken private and not available to trade by the robin hood traders just
Making more ppp loans than one of the Major National banks did nationwide. That is just the success of the ppp, but it is because of the engagement. Before i go, i have two questions. I would like to respond to something my colleague from california brought up about the recovering economy. There are areas of the country the economy is recovering strong , the state of georgia is one of those. Our revenue reports came out over a week ago. The tax revenues for 2020 r. 7 higher than 2019 because instead heavyhanded government putting longterm restrictions on the people, we decided to trust the people they would be safe and secure and opened our economy. I think of other states would like to see that type of economic recovery, maybe they should address the way their states are being governed. I know the Federal Reserve is looking at ways of broadening the main Street Lending program, which we all realize needs to be broadened. Areas i would like to see us take a look at. That ishose industr