Of life. Billionaire investor bill ackman. Former House Speaker paul ryan to billy been. We even saw his fairness himself. Michael jordan investing in draftkings. Draft kings own ceo, you cannot deny they are so popular right now. Joe that is very true. The big question is and we will be talking about this more is this Blank Check Companies, thats the kind of thing you think about market forth, speculative mania. Me ending my money over to someone else and saying do something great with it. Great new way of financing that is superior to the ipo. You cannot deny how much has grown. Spac volume up 174 this year. Is up 13 . Secondary is down 7 . From a relative growth and financing vehicle, spacs are where its out. Romaine you also have to talk about relative performance. You have to take a look at what some of the spacs have performed. It has been a mixed bag. You have had some that have outperformed the s p 500. You can see churchill capital, that is the comparison with the s p 500, the
The session, sara. Come back after two down weeks. Coming up on the show, tech investor Roger Macnamee is with us and gold strengthens, the dollar weakens and home body stocks outperform well break down the trades and themes in a few minutes with David Rosenberg. Lets focus on the key stories mike santoli watching the bounce back rally meg tirrell as the president participates in a Coronavirus Briefing and the other big Market Driver this afternoon, the stimulus negotiations in washington new details expected this afternoon. First to you, mike yeah. Sara market really is a bounce in large tech stocks that is carrying the s p 500 to the high end of the recent range. Pretty well mixed market under the surface. Those big nasdaq themes carrying we spend most of the day, interestingly enough, almost exactly at those early june eyes we were looking at for a while not sure there is any particular reason we have to sit there. 3232 is that level basically that, is where this nasdaq rally has ta
Important reason i want to help you build and preserve your wealth we live in a world that its increasingly difficult to become rich if you werent born that way and love it or hate it i believe the stock market is the best ladder we have in this country for social mobility. There are millions upon millions of people in this country but there simply arent that many jobs that pay you a salary fat enough to actually make you rich even if youre a total cheapskate and save every penny you earn, if you want to become really wealthy unless youre born with a silver spoon in your mouth that menas planning for Financial Strategy for an entire lifetime as long as you can save a decent chunk of your paycheck and then invest it wisely year after year, you can make your wealth grow to the point where you become if not filthy rich then at least financially independent. Meaning, you dont need to worry about your job security or where your next paycheck is going to come from and youll be able to retire
Markets, where we see a fourth week of gains. U. S. Futures point to a third day of losses, and that is what we are seeing in u. S. Equities. It, butear dipped below safe havens are clearly big, the yen, treasuries, gold on a tear. Markets areof these being reflected across assets. The dollar is steady after a few days of losses. Coming up, we will speak to the hsbc ceo exclusively, one of a range of top interviews from our emerging and Frontier Forum today. Lets get the first word news. President donald trump imposing sanctions on irans Supreme Leader, the ayatollah, who says the penalties would deny him access to financial control resources. Trump claiming that the Supreme Leader is ultimately responsible for the hostile conduct of the regime. Tehran says this means the diplomatic path is closed forever. The president has held the door open to real negotiations, to completely and verifiably eliminate irans new your weapons program, its pursuit of Ballistic Missile delivery systems, i
Wealth we live in a world where its increasingly difficult to become rich if you werent born that way and love it or hate it i believe the stock market is the best ladder we have in this country for social mobility. There are millions upon millions of people in this country but there simply arent that many jobs that pay you a salary fat enough to actually make you rich even if youre a total cheapskate and save nearly every single penny you earn. The truth is if you want to become really wealthy in this country unless youre born with a silver spoon in your mouth that means planning your Financial Strategy for an entire lifetime even if you dont have a super high paying job as long as you can save a decent chunk and invest it wisely year after year, you can make your wealth grow to the point where you become if not filthy rich then at least the very at least financially independent. Meaning, you dont need to worry about your job security or where your next paycheck is going to come from