News on the banks. We were discussing on closing bell the banks finding out this evening what this extra stress tests theyll go through this fall will be there will be two severe recessions it will be tested against as opposed to normally one. Its possible we could interpret those severe recessions as not as bad as they could have been june saw unemployment spiking to 10 . This test has two versions one is that it spikes to 12. 5 and then dips more quickly to 7 7. 5 both of those factors perhaps highlight the severely adverse scenario didnt get that much worse given the year that were in than perhaps it could have got. 10 unemployment to 11 or 12 is not that much worse. That will also include a stock market decline by 30 house prices falling 26 all of course headlinegrabbing changes but not that much worse than they could have been given the fact that we already knew this early set of tests was coming there is one line that stands out at the end of the statement that says, the board re
Getting through as many as we can. Its a jampacked two hours. Why niles shorts amazon on the back of the deal, and former walmart ceo, bill simon, why walmart has more to worry about other than amazon. Bill miller, a bull on the stock, and talking to him about valeant, and alexander accosta reacting to President Trumps comments on cuban policy lets get to it we have details of the amazons deal to buy whole foods and what it means for rivals. Mike, this is a little bit of what it means because ramifications have many, many ripple effects, but the deal to buy whole foods makes it amazons biggest acquisition to date, and one thats royaling grocery and retail stocks. Amazon says it will maintain the whole foods brand with the ceo and cofounder somedaying at the helm, for now. The overlapping is high already, and the stores are are located close to many amazon distribution centers, which is an interesting point the partnership certainly arms whole foods with logistics and data expertise, an
0 well as the show as well as rumble. according to the tv guide, unfiltered with dan bongino is next. we ll chill and hang out. and a beer. you and m dan: our government is getting way too comfortable lying to us all the time. the report how big government, big tech and liberal media feed into each other to keep the truth from getting out. what are we going to do? we ll give you the truth. do you want to see what happens when a liberal elite like bill gates faces questions about his hypocrisy and private jet? what do chinese spy balloons and ufos have in common. i will make the connection you only can see here. what if somebody can get inside your head and know what you are thinking. the technology is real and it s hear, and it s now, and it may be coming to your office. the pod technology will blow your mind. the flood of lies in the state of union speech. the government, it s not that they lie, but they have gotten too comfortable lying to us all the time. they lie, they lie so