Topal coronavirus cases 16. 3 million as the republicans lay out their 1 trillion plan for the next round of u. S. Stimulus. Democrats are expected to join the conversation shortly. Begins final stage testing of the Covid Vaccine is the government releases another half a billion in funding for the company. We hear from the ceo later this hour. Shery lets get you to the press conference happening right now. Senator Mitch Mcconnell presenting the republicans 1 trillion plan on stimulus measures for the u. S. Economy. You are listening to senator grassley who is taking to the podium to say what these deals will consist of. Take a listen. Adults, orey somebody elses dependent. Have additional unemployment insurance. Thats on top of whatever the different 50 states give. And on top of the Economic Impact statement i just gave. We want to continue to help the unemployed, but we want to encourage work, and weve learned a very tough lesson that when you pay people not to work, what do you expe
Points, of course we had 74 earlier in the week sort of reflects that. It does indeed. Lets talk about it. They join us now to break all of that down. Good morning, guys. Good morning. Tobias, your target for the s p in june 2021 just a bit higher than where we are right now. 3160 given that, how should investors be positioned . Is it just a matter of averaging back in if youre not in the market and doing it cautiously or what do you expect . So i think you just put it perfectly and cautiously using that terminology i think the market right now is a bit ahead of itself so i think its a bumpier road Going Forward in the nearer term four key issues to worry about, one the unemployment numbers, how quickly they come back the fact that most of us will probably be somewhat in terms of practicing social distancing not going back to normal until things like vaccines, commercial industrial lending standards data suggest tightening of Credit Conditions which usually means no big bounce really i
With your next news update join him and tide you over until then there is the cause report. Sure this is the kaiser report you know of open court adoptions driven by banks failing and countries failing and now in lebanon theyve got a huge crisis and of course big clients come to the rescue stacey max were going to get into lebanon but 1st i want to have some show notes here we are still in los angeles it is the busy suburbs where they did film brady bunch so you have a lot of leaf blowers you do have garbage man you have all sorts of stuff and we have flights going overhead as people are trying to flee the coronavirus apocalypse were also going to try to flee the coronavirus apocalypse and so you may see us recording soon from home because if we cant get out if everybody is quarantined it could be a situation where were just like Live Streaming on periscope for the show for the future cool heres an headline from lebanon that happened in the past week and a half while the markets were t
Sure this is the kaiser report you know of open court adoptions driven by banks failing and countries failing and now in lebanon theyve got a huge crisis and of course big clients come to the rescue stacey max were going to get into lebanon but 1st i want to have some show notes here we are still in los angeles it is the busy suburbs where they did film brady bunch so you have a lot of leaf blowers you do have garbage man you have all sorts of stuff and we have flights going overhead as people are trying to flee the coronavirus apocalypse were also going to try to flee there coronavirus apocalypse and so you may see us recording soon from home because if we cant get out if everybody is quarantined it could be a situation where were just like Live Streaming on periscope for the show for the future cool heres an headline from lebanon that happened in the past week and a half while the markets were tumbling while everything was going chaotic and that is distrust in lebanese banks spurs bi
A surname to be withheld. He says hes not standing around helplessly he is trying to move what is left of his savings out of lebanon via a financial instrument meant many in the country have not embraced until recently big coin quote suddenly everything turns upside down and all the options are open said mark wright whats amazing is that this discussion of whats a better store of value gold or a bit coin and in lebanon we have a taste test case people are selling gold to buy bitcoin that proves a big point is a greater and more portable store of value than gold and thats going to be the story all over the world people cant take their gold across the border its too heavy its too obvious they cant take bitcoin and thats what people are doing their fling with their big point whether its in china and lebanon all over the world goal is not the store of value that big coin is thats why peter schiff under his desk in a fetal position crying this is why alex jones converted now to being a full