Climbing 8. 86 how do we interpret the market is the market heartless in response to the plea of the protesters is the Market Making judgments about the difference between violent protest and passive resistance i know many people wish it would. They want the market to be part of the debate. They want it to play a constructive role in the dialogue over racial ee qualiqur go down to express empathy for the troubled times were living through. Thats not how it works. The truth is the markets blind because it has no eyes its deaf because it has no ears its a convenient abstraction, not a personal opinion investors make judgments until recently nobody was investing with an eye toward making the world a better place whatever that might be now there is a Younger Generation of investors with hearts in their heads. I share the sentiment. For the most part people pick stocks because theyre trying to make money we buy stocks at companies, Good Companies with good longterm prospects. Mainly ones th
Hi anthony ok welcome to the stream today we look at lebanon with a very straightforward question can lebanon recover from its recent economic recession not a straightforward answer that because things to contend with a coronavirus lock down fuel inflation people going hungry people have a new limited amount of money to spend on basic groceries and then on top of that im tea government protests if you are already joining us on you cheap you have something to add to this you have a question for i guess jumping to the ichi chat and you can be part of this conversation i want to introduce our guest there be dealing with a lot of your questions and your concerns hi there karim its good to have you here on the stream tell everybody who you are. Hi thanks for having me im a journalist for the public source of the nonresident fellow that you destitute welcome to the stream raft good to see you tell everybody who you are as a man in missouri and been an active sort as terrorist i was 17 and im
Or was it the real economy rearing its increasingly ugly head every day that the average goes down, the dow slipped 102 points, s p shed 7 p. 8 , are we having Great Depression style unemployment 38 million jobless claims or another garden variety sell off in the wake of another major rally . Ill give you a hint its not the economy driving the bus. I know the markets incredible rebound the last two months seems totally out of sync with whats happening in the rest of the country. Wall streets become divorced from main street and were told thats unsustainable the thing is im not so sure this morning on squawk on the street, i kicked this idea around with david faber and carl quintanilla. David was incredulous i thought we were seeing a garden variety selloff, not some reckoning mass sell off in unemployment. Another 2. 4 Million People filing for jobless benefits this very week. Remember we get those claims thursday morning lets start with the positives that help stem the bleeding today
And new cases, the governor said there is some positive news today. He said hospitalizations for the coronavirus continue to drop as well as the number of people in intensive care units. With a Record Number of deaths he said the state is not out of the woods yet heard he urged people to keep up their actions that are helping to turn the tide on the virus. I know there is deep desire, people are making calls on an hourly basis saying its time to open back up. Consider the deadliest day in the state of california, the last 24 hours. 8. 5 increase in the total number of deaths. We saw 5. 6 increase in the total number of people tested positive in the state of california. The governor also offered assistance to people with Student Loan Debt being 21 out of the 24 largest student loan servicers have agreed to hold off on payments for 90 days. He also signed an executive order to ban debt collectors to garnish those 1200 payments that are comingthe federal government. Now we go to napa coun
I enjoyed last night and i know theres a number of you in the audience who actually watch the full hollywood movie. I can barely see out there but i see a lot of people who have seen this movie. I was a little worried when they were gonna make this, you worry about hollywood might do. There were some things i may have done different, there was some language i would not have used but that gave it its pg13 rating. The one thing i thought carried it very well, ron howard did a good job, was to tell a basic story of people who were in trouble and we certainly were in trouble. There are problems on every mission we flew. If you could look at the entire apollo program, it is a book about that thick, it is in the archives so you could get it through. There is an appendix that lists the problems, we call them anomalies, some people call them funny, that happened on the flight and they listed them numerically by flight order. And apollo seven and eight, we had one spacecraft, apollo 13 had the