To 2008 financial crisis we had cd those collateralized debt obligations and Mortgage Backed securities and credit default swaps and these things and then lo and behold the Global Financial system collapsed and lo and behold our Central Banks that done with a lot of money that is now being dorf by the amount of money being printed for this go round but the bad stuff actually hasnt even happened yet this is what this article is warning about and its from Frank Portnoy who used to was working at Morgan Stanley at the time of the 2008 financial crisis and hes kind of warning that is going to happen this time but the new c. D. O. Is called the c l o the collateralized loan obligation we have actually warned about this in the last few years a few times on the show nomi prins is often tweeting about this and saying this is going to be the big problem so here it comes again right the looming Bank Collapse not crisis collapse he says the banks are going to collapse the u. S. Financial system c
Democrats would block it. Heres a look at her comments now. We will show you as much as we can before todays White House Briefing. Pelosi thank you all if you are out here. Good day wherever you are in this holy week, passover. Approaching Easter Sunday and ramadan. The appropriate time for us to more deeply pray for those who have lost their lives and the families that are suffering and those who are sick with the virus. Its a very, very sad time as we awaken this morning to see that the totals are approaching 450,000 people infected. Approaching nearly 15,000 people who have lost their lives. That is the sad, sad part of it all. More than 17 million initial unemployment claims. Hundreds of thousands of jobs lost in the month of march. Now millions more expected in the coming months. The assault on the lives and the livelihood of the American People is one of epic proportion and one that demands congress continue to take bold, urgent, effective action to bring rapid relief to the heal
There it is with the gains now approaching for netflix 5 lets get to bob for more on this big market rally. Bob. Its hard to believe but we have retraced 50 of the losses in the s p 500 from those numbers about towards the end of february towards the end of march 23rd that was the lows. We traced 50 of those lows. The biggest ones out there microsoft, apple, amazon, google, facebook this is more than 20 of the s p, these five. Apple shipped 2. 5 million phones into china last month. That was much higher amazon is sitting at a historic high when these five stocks move like this, everything will move everybody is looking for good news today roku suspended their guidance. Thats not good news they also had good number on their earnings and highlighted new account growth the stock is trading up. Thats a path people are looking at suspending guidance reserve building moves could be meaningfully higher in aggregate over the road we took. I think thats a welcome bit of reality about what the f
Additional challenge from the thousands of people but sending hundreds from iran. Plus european 2020 police are deployed outside supermarkets in southern italy as people run out of food and money and fears von briest continued to grow. A math and how to welcome to the program governments around the world a scrambling to find ways to limit the spread of the coronavirus many of imposed restrictions on peoples movements weve also been told to wash our hands and keep out distance from of its in some places especially people if they are ordered to wait months some european governments are now also telling people to cover their faces but opinion is divided well hear from an expert in a moment but 1st this report. Face mosques for years theyve been part of daily life for many in asia and now for parts of europe theyre about to become say to austrias decision to make it compulsory to wear the mosques and supermarkets sparked a debate in neighboring germany. The town of vienna has now become ge
Who have lost their lives. That is the sad, sad part of it all. More than 17 million initial unemployment claims. Hundreds of thousands of jobs lost in the month of march. Now millions more expected in the coming months. The assault on the lives and the livelihood of the american proportionne of epic and one that demands congress continue to take bold, urgent, effective action to bring rapid relief to the health care workers, First Responders and others who are suffering, to Small Businesses, hospitals, state and local government and the rest. On tuesday morning, secretary mnuchin called. That would be two days ago. Secretary mnuchin called and asked for a quarter of a trillion dollars in 48 hours. With no data. Just quarter of a trillion dollars in 48 hours. Mcconnellng, leader honored that request i say honored. Really dishonored needs that we have with a stunt on the floor 250e Senate Requesting billion. No data as to why we needed it. When there are outstanding needs. Sit we offere