Fled back conflict reports, a refugee camp in neighboring sudan. And the mysteries surrounding the assassination of irans Top Nuclear Scientist continues, as hes laid to rest and in school formula, one driver, roman groeschel, is set to leave hospital on chu. State follows his miraculous escape from that huge crush of sundays bahrain told us drug maker has announced it saskin, american and european regulators for emergency use of its Coronavirus Vaccine on monday. But thats after it got the final results needed to confirm that is more than 94 percent effective. But there is just behind pfizer and its german partner by own 2nd asking to start some vast summations in the u. S. In december or fines, or say theyre vaccine is 95 percent effective against the coronavirus . Well, the f. D. A. Says there will be a public debate over the evidence of each vaccine. Pfizers will be 1st, stop on december 10th. Maternal is set to happen a week later in across the atlantic. British regulators are ass
Hard to digest the news. Well cut right at it, give you the details in a moment. Overall, the market lacks real direction. The dows going to be up maybe 15, s p up 10. Nice gain for the nasdaq though, all green at this point. Politics [laughter] can you say softballs . One after another, they were lobbed towards joe biden at the cnn town hall last night. Not very good preparation for the first president ial debate which is, by the way, 11 days away. The standout for me came when biden suggested that if the president had acted sooner on the virus, all those people would not have died. So the president killed 190,000 people . Not a word of pushback from the moderator, cnns moderator. Today biden goes to minnesota, an opportunity for him to clarify his position on urban rioting and defunding the police after the minneapolis disturbances. And get this, the president will also be in minnesota today. You can bet hell brung up law and order bring up law and order. Mr. Trumps press secretary,
2008. So today lets kick things off in the nest of wall street vipers as we start watching hawks. Like you got. The. World around watching the hawks i am tyrone winter and joining us today for another rousing round of Panel Discussions and some of the most Important News stories of the week is the host of boom bust investigative journalist but its one of the legal and media almost lionel of a lot of media from miami r. T. Correspondent john hardy thank you all for coming on today. Kristie ill just throw it out to you 1st what are the real dangers of all these major household corporations that we see these names a. T. M. To General Motors and the such racking up 10 trillion dollars in debt equaling to 47 percent of the overall economy well the biggest risk right now that all the analysts see is that 50 percent of the 10 trillion dollars needs to be refinanced by 2023 they need to be refinanced are paid back because its going to be doing 2023 and right now half of these corporations aren
Corporations we see these names a. T. M. To General Motors and such racking up 10 trillion dollars in debt equaling to 47 percent of the overall economy well the biggest risk right now that all the analysts see is that 50 percent of the 10 trillion dollars needs to be refinanced by 2023 they need to be refinanced are paid back because its going to be doing 2023 and right now half of these corporations arent due and most likely they wont be able to pay it back because theyve borrowed right now where we have extremely low Interest Rates they currently are making investments into Capital Expenditures are hiring are increasing their efficiency as an operation now theyre hoarding it in order to make equity buybacks which really is artificially boosting up its stock prices for the Corporate Executives are not making any Real Investments into the company or boosting the economy in a way that originally Monetary Policy and took it out because economic dictated that it would so because of that
Be able to pay it back because theyve borrowed right now where we have extremely low Interest Rates they currently are making investments into Capital Expenditures are hiring are increasing their efficiency as an operations no theyre hoarding it in order to make equity buybacks which really is artificially boosting up its stock prices for the Corporate Executives are not making any Real Investments into the company or boosting the economy in a way that originally Monetary Policy and trickle down economics dictated that it would so because of that if theyre on able to refinance if theyre unable to pay loans their bonds would then be downgraded and as soon as they downgrade from what it currently is the lowest of the Investment Grade bonds that will start a callous in which case every other bond will start defaulting and then the fallback will be huge whoa whoa that is frightening and everybody is going to say its in your head is spinning at this moment right now because the explains all