Tepper and Stanley Druckenmiller both say stocks are overvalued u. S. china tensions flaring again as the fbi warns that chinese hackers are targeting covid19 research firms. We have a big lineup of guests today to help break down this selloff including bill mill miller, david harrah, david ruinstein and Liz Ann Saunders from Charles Schwab. Down 550 points, down 620 moments ago. Weve got full Team Coverage of todays market downturn. Scott wapner, mike santoli, and Steve Liesman with us. That bearish call from apple when asked about Hedge Fund Manager Stanley Druckenmillers assessment that the risk reward in the market is, quote, maybe as bad as ive seen it in my career, heres what he said. Its definitely as of yesterday, now the market is down from yesterday, i would say that, you know, 99 was more overvalued than 2000 but, yeah, i would say its one of the most overvalued markets, maybe second most overvalued i seechb the market is pretty full but theres a lot of liquidity there. Its
With the high cost of tuition and a smaller pool of students, some liberal arts schools are struggling to survive, and not all of them will as our scott cohn found, many colleges are making major changes, and its this weeks cover story. At Hiram College outside cleveland, with about 1,000 students, they knew small liberal arts schools were not exactly in vogue their solution change the definition of liberal arts we looked at the curriculum, we looked at the graduation requirements, we looked at technology, we looked at the 21st century skillset and mindset that students need to demonstrate to employers reporter gone are stodgy old majors like art history and religion in are more careeroriented majors like criminal justice and sport management i think they do a really good job of preparing you for your career but also in life. Reporter hirams president says the changes, which have also included reducing the faculty by 20 , helped convince lenders to refinance 25 million in longterm debt
But theres a for me my colleague kevin i want to be here in about an hours time with news from those stories in the headlines so you can head to our team dot com but right now its time for. I am max geyser this is the kaiser reported ever that movie the 6th sense and the big line the money line was i see dead people this is going to make more sense but 1st we need to talk to stacy well certainly we do have a zombie economy thanks to the never ending parade of free money from the fed and the growing pile of debt because you know this past week we saw the global debt pile hit over 250. 00 trillion 255. 00 chilean to be exact is probably up another chilean or 2 by the time this airs so the fact is we have a lot of debt and its piling up stock markets are hitting all time new highs some even Yahoo Finance is starting to connect the pieces that maybe all this debt and all this free money is driving the stock markets but even your own powell and testimony he said the debt is growing faster t
I am max geyser this is the kaiser reported over that movie the 6th sense and the big line the money line was i see dead people this is going to make more sense but 1st we need to talk to stacy well certainly we do have a zombie economy thanks to the never ending parade of free money from the fed and the growing pile of debt because you know this past week we saw the global debt pile hit over 250. 00 trillion 255. 00 chilean to be exact its probably up another chilean or 2 by the time this airs so the fact is we have a lot of debt and its piling up stock markets are hitting all time new highs some even Yahoo Finance is starting to connect the pieces that maybe all this debt and all this free money is driving the stock markets but even your own powell and testimony he said the debt is growing faster than the economy its a simple as that in nominal terms and that is by definition unsustainable ultimately you will have to get it to where the debt is not growing faster than the economy and
We need to talk to stacy well certainly we do have a zombie economy thanks to the never ending parade of free money from the fed and the growing pile of debt because you know this past week we saw the global debt pile hit over 250 trillion 255 chilean to be exact its probably up another trillion or 2 by the time this airs so the fact is we have a lot of debt in this piling up stock markets are hitting all time new highs some even Yahoo Finance is starting to connect the pieces that maybe all this debt and all this free money is driving the stock markets but even your own powell and testimony he said the debt is growing faster than the economy its a simple as that in nominal terms and that is by definition unsustainable ultimately you will have to get it to where the debt is not growing faster than the economy and its growing faster in the United States by a pretty pretty significant margin so as you say its growing faster than g. D. P. Is growing faster than g. D. P. It takes 3. 00 of