All your latest global news updates life from r t h q in moscow. Im max kaiser this is the kaiser report we are in rehearsal for cars report the musical. Got the congas we got the guitars i got the band i got the drummers write the song Stephen Sondheim i was going to fail or not hes ill but 1 weve got some major folks involved in this project going to hit broadway oh man im excited stacy i want to talk about its a good story that relates to your congress because of course you need the congress for a you know war to beat the war drums of war exactly because what is the old saying on wall street dont fight the fed. I feel the 1st song of our musical comedy go theyre. Fun to fit. Well many of our guests theyre called heterodox economists or heterodox financial analysts because they often fight the fed but my question were going to look at these headlines and my observations of some of these charts over the past decades or 2 is. What came 1st the chicken or the fed so is it the fed drivin
Something like that you were rewarded for it rather than punished and thats what you have now is like any time theres bad news 1st of course you know gold spikes market selloff for literally a minute or 2 and then they soar quickly when they realize oh wait what am i doing im thinking like the olden days before Alan Greenspan before there was the fed fighting the investor speculator class so now they they whatever every time theres bad news is always when markets soar the most right well dont forget eric holder tim geithner member in 2008 they came out with the holder doctrine so about moral hazard they institutionalized moral hazard they said every time you banks commit fraud every time jamie diamond commit fraud we are going to cut those laws out of the books were going to eliminate laws against financial fraud whenever you commit fraud oh by the way. Jamie diamond by citibank or Travelers Corp of violates class stable oh well well just get rid of glass steagall to accommodate jimmy
Keys to the alfa bank castle. Chime is now in charge. Tech shakeups of the year. Abigail doolittle is in new york to break down the top Market Action of 2019. It has been a massive record run that i continue to be astounded by. Abigail it has been a spectacular year for stocks in the u. S. , really around the world. Sectorwise, when a difference a year makes. Sectorwise, when we think about a year ago, all 11 sectors lower, led by the defensive sectors, utility and real estate. This year, a completely different story. Up 48 on the year, its best year since 2009. That of course was the year following the financial crisis. Investors buying stocks hand over fist. That is the degree of buying power we are seeing perhaps that weakness last year has a lot to do with the buying power we are seeing this year. This year, nine of the 11 sectors up more than 20 . Interesting, one consistency between last year and this year, energy was the worst sector last year. This year, up 7 . Stocks on fire t
Reports next to an international. Im max kaiser this is the kaiser report we are in rehearsal for cars report the musical. Got the congas we got the guitars i got the band i got the drummers write the song Stephen Sondheim i was going to have album out hes ill but 1 weve got some major folks involved in this project going to hit broadway oh man im excited stacy i want to talk about its a good story that relates to your congress because of course you need the congress for a you know war to beat the war drums of war exactly because what is the old saying on wall street dont fight the fed. I feel the 1st song of our musical comedy go there. To fit. Well many of our guests theyre called heterodox economists are heterodox financial analysts because they often fight the fed but my question were going to look at these headlines and my observations of some of these charts over the past decades or 2 is. What came 1st the chicken or the fed so is it the fed driving markets or is it panicked inve
An electric fever. Tesla is set to unveil its electric pickup truck. We will have the latest. First to our top story. Apple is overhauling how it tests software. Bloomberg has learned the system is changing after a swarm of bugs marred the latest iphone and ipad. The goal is to make it easier to spot problems earlier. This comes one day after President Trumps visit to apples austin, texas factory where ceo tim cook met the president to discuss keeping iphones free from tariffs. Lets bring in tom forte and Bloomberg Technologys mark. What do we know about the software change . Software has ios been bugging the past few years. What apple is doing is they are going to make it so engineers earlier in the process will determine what is buggy, what is working and what is not working in order to hopefully come up with a much more stable operating system when they ship each september. Taylor tom, i know that you cover the fundamentals of the business. In your opinion when you analyze the compa