d in foreign teams dont go anywhere americas war starts right now. Many of the companies lining up d for a handout from the federal government are victims of coronavirus at all its their own fault its poor judgment joining me to talk about that is fair and cousins were going to have a discussion about this people always call and say pap you know let the guest answer the question its a discussion for those who are watching ok so so hear this this this discussion really need to center around the idea that you have corporations that knew better held back no cash held back had no plan for the future and instead took all of their money everything they got in tax benefits everything they got from the government in the stock buybacks take it from there right you know we spent the last couple decades giving corporations these massive tax. Theyve been making money hand over fist the big big banks have pulled in more money than ever airlines are doing great but instead of putting that money asid
Designed to do the stock market was invented so that corporations could get money could get this capital through an initial Public Offering and allow the risk of the company to be taken on by average people out there the corporation didnt risk losing money well they broke that rule it rages me Delta Airlines Delta Airlines they had one month one month setback for this kind of a problem theyre raking in more money than they can spend their credit line you know they havent really called on their credit the credit line is not supposed to be used for this kind of a rainy day problem the credit line is is used for things like expanding business those types of things but instead what they did as you said the the money that they have there have been great years and they were just greed piggish buying back stock trying to prop up their company make a look bigger than it actually was so. Oh now we really see what what are the Smart Companies take you take microsoft you take any of the Tech Comp
Artificially inflate their worth by buying back their own stocks which puts more money into their pockets and it ties their money up in the stock so they cant spend it on other things they cant spend it on you know expanding they cant spend it all worker raises its all tied up in this you know artificial stock that theyve created so when the market tanks they lose all their money they lose all their value and thats the exact opposite of what the stock market was actually designed to do the stock market was invented so that corporations could get money could get this capital through an initial Public Offering and allow the risk of the company to be taken on by average people out there the corporation didnt risk losing money well they broke that rule it rages me Delta Airlines Delta Airlines they had one month. One month. For this kind of a problem theyre raking in more money than they can spend their credit line you know they havent really called on their credit the credit line is not s
This morning on 250 billion worth of chinese goods set to go in effect on october 15th, going fun fact 1 in 4 of us millennials have debt we might die with. In effect october 15th, washington extending olive and most of that debt is actually from credit cards. Branch of sorts, granting its just not right. Licenses for some u. S. But with sofi, you can get your credit cards right companies, some companies to do by consolidating your Credit Card Debt business with hauwei all of this into one monthly payment. As creep authoritarian rule you can get your Interest Rate right by locking in a fixed low rate today. Seems to be getting closer and and you can get your money right. With sofi. Closer to american business, i mean, you are seeing china bully check your rate in 2 minutes or less. American Companies Across the board, apple just caved to get a nofee personal loan up to 100k. Business, he wrote great oped this morning act activation blizzard, whats your take on this . Revealing how thug
i m fareed zakaria coming live to you from new york. today on the program, i ll talk to new york times columnist tom friedman who points out not only is the united states involved in the largest war in europe since world war ii, but america has also entered a sort of tech war with china. and an energy struggle with saudi arabia. what in the world is going on? and china s leaders, more than 2,000 of them, are gathering this week to make major decisions about the country s decision for the next five years and beyond. on the agenda, an unprecedented third term in office for xi jinping. what else will be decided? i will talk to the former prime minister of australia. then stop the steal maybe headed south of the border, as latin america s largest democracy seems to be taking cues from its neighbor up north. you don t concede when there s theft involved. we ll tell you about the controversy with brazil s presidential election. but first here s my take. a distinguished ru