Alone. Sometimes good to go shopping with your mom as kids. You can learn a lot. Jackie brian amen. Charles good afternoon, im charles payne, this is making money. There is palpable trepidation. The bias of the market is up but youre starting to get a little angst going into this nvidia earnings report. Lets face it it is really the bond market that has the most influence right now and weve got ed yardeni on deck to talk about bond yields, maybe a brave new world for bonds. Should we be afraid to go there. Want to know, of course what is next for equities . You need to understand the risk. Cameron dawson, always great at laying out what we should be looking for and preparing for. Of course we want to know what is keeping her up at night. 2 45 we have House Majority whip tom emmer. What he is doing to halt Central Bank Digital security. He calls it nothing more than a Big Government surveillance tool. One of the best nvidia analysts out there i think the best, beth kindig will help us b
Before christmas, coinbase spending trading everything from bitcoin, bitcoin cash, ethereum, its all getting slammed. Crypto stocks taking it on the chin, square, overstock, the cme, even Riot Blockchain getting crushed after their big runs bitcoin are used to this volatility but this is the first time many new bitcoin believers are feeling the crunch since piling in. How long does this last, will these newbie investors be scared off for good, dan . This is not a bad thing, especially if this whole crypto thing will have some legs here from october to late november, bitcoin doubled, it went from 5 to 10,000 then doubled again we had a 30 pullback, it felt like a panic it was in all the alt coins, a lot of really bad headlines. Our twitter feeds were taken over by crypto in the last 48 hours. Its important to remember this is one asset class, it did not go into other asset classes. I know a lot of people who have been on this train, i have not, im just a tourist, im gambling like most o
They are not valued relative to the Interest Rates. Whats happened in the markets has been very sensible nobody thought wed have these kinds of Interest Rates for a long time. Additionally you have the tax act which is a huge factor in valuation. All right so kevin oleary, theres buffet today on the Network Stocks arent too expensive, echos what tepper told me last week, what weve heard, from you know, gary cohn out of the white house and others are they right i think the most interesting aspect what have buffet said was youre getting 14 to 15 given back to you from the government to an American Company shareholders now, he was being specific to Domestic Companies that have all of the revenues here, by find that intriguing. The other thing he didnt speak to, which he never really speaks a lot of is if youre getting 3 trillion back domestically, what percentage that have is going to buy back stocks in the next two years that has me fascinated. When people ask why is there no vol and why
Economic earnings sent the indexes lower, facebook dropping 4 after it Second Quarter spending increase. Facebook really opening lower over the last two days. Whole foods is another loser after reducing its sales forecast. Lets move on to commodities. Nymex crude and brent moving a little higher. Brent a little bit more. They are still down again for as we have seen increased volume. Pimm look at this chart this is the biggest monthly chart. That is amazing. It is ugly and has changed a lot since the feds lastting for top meeting. The 2year note reaching the highest in six weeks on that gdp report. That raises the probability of a hike in september. The gap between the 30 year yield narrowing. Finally, lets take a look at the currency market. The dollar strengthening against the euro. Taking a look at the yen the dollar strengthening their. Matrix the currency which i use on a regular basis. Is colorful and easy for me to read with my poor eyes right. But there, you get to see whats go
We learned a member of Congress Florida representative fredrico wilson less in in on a phone call President Trump made to the widow of the fallen hero, sargent ladavid johnson. Here is john kelly in his own words. Most americans dont know what happens when we lose one of our soldiers, sailors and marine s, coastguardsmen in combat so let me tell you what happens. Their buddies wrap them up in whatever passes of the shrowd, puts them on a helicopter as a routine and sends them home. Their first stop along the way is when theyre packed in ice, typically at the airhead and then flown to europe where theyre then packed in ice again and flown to Dover Air Force base, where dover takes care of the remains embalms them, meticulously dresses them in their uniform with the medals theyve earned, the emblems of their service, and puts them on another airplane linked up with a casualty officer, escort that takes them home. A very very good movie to watch if you havent ever seen it is taking chance