Im max kaiser this is the kaiser report yes there is one number only one number we must get to that number is to the greatest number ever invented by humankind were going to get to that number is better than the living is better than mars living its the s. And p. 500 number stacy we continue to go up and down up and down theres a lot of hope a lot of euphoria and a lot of tension about the trade deal with china but before that were going to look at the underlying cause of the latest hyper inflationary move in the stock markets and thats been the fed the fed of course is essentially the cause of the entire rise in the stock market since 20072008 the financial crisis theyve been pouring trillions of dollars into their bodies on wall street and thats one of their buddies i was a really happy for me thats the opening bell out there so fed will not disclose which banks are receiving repo cash for at least 2 years this is our friends i gat the Gold Antitrust Action Committee out there in con
And fuel your own existence unencumbered by any state apparatus which is fantastic part of globalization that keeps us powerful as unique individuals is that we can speak to people around the world were not ignorant we dont rely on one you know giant News Organization for example or our state department to tell us whats happening in latin america or asia or anywhere else in the world we have Internet Access we can speak to people around the world and he points out here in this article starlink musks plan for 12000 or more cheap high Speed Internet satellites will free the internet from reliance on anita restoral government and you already see the beginning of the splintering of the internet as its parts of it get handed off like dot org that domain name has been handed off to private equity so thats going to be crushing thats one of the beginning of the private. Zation of parts of the internet and its already starting to create its like divides there but if we have satellites we can st
Trains and busses at a standstill schools and businesses closed workers in front stage one of the biggest strikes in decades furious at plans Pension Reforms to our president but proposals board and necessary or will they lead to his downfall this is inside story. Hello and welcome to the program. Strikes on protests are common in france but the biggest nationwide walkout in 24 years is posing a serious challenge to the president and his plans to overhaul the Pension System. Public Sector Workers are working to strike until christmas and beyond 90 percent of Rail Services are canceled hundreds of flights are grounded schools and Tourist Attractions are shut president in other world microns says his reforms are long overdue with people fear theyll be forced to work longer and get less money when they retire or the polls show 7. 00 out of 10 people want changes of the bench and system a similar number also support the strikes where the strongest backing coming from young people that are
Time for Global Exchange and bring you todays market moving news from around the world from hong kong to frankfurt to london to new york and washington. Our bloomberg voices are on the ground with this mornings top stories. Were going to start with the latest in asia. Trade uncertainty appeared to take its toll on china. The countrys economy losing more steam in october, factory input and fixed asset sales missing estimates and joining me from hong kong is bloombergs chief asian economics correspondent. Give me the rundown of the data weve got. It was a mix across the board with a slump in investment and industrial output miss expectations and on the retail spending part of things we saw the weakness go from auto and turnt and cuggetting the consumer is starting to book now none the pressure of trade war and slowing economy. There were two big takeaways from economists and onen one hand the numbers suggest were probably looking at 6 growth in this Current Quarter and probably shows the
Later, chipotle, one of the best stocks the ceo will join us power lunch starts right now welcome to power lunch check out the markets and the performance here today the record rally hitting a roadblo roadblock. Hanging onto gains ever so slightly here. Take a look at microsoft that stock hitting a fresh record high today. Its now up 50 so far this year well have more on that later. Tech stock really on tear having the best year since 2009 up about 41 bill, over to you. Thank you we start with two of the big movers today kohls and home depot. Accounting for nearly all the declines today both stocks sinking after slowing in sales are these retail reality check lets head over to bob for more on todays retail wreck. Hello good to see you. This is a difficult question right now because there was a lot of questions on the Conference Call about this home depot sales missed to what they call timing of certain Investment Initiatives whats that all about . Its up almost 40 for the year. Now its