Materials, industrials hitting new intradays. The small caps doing well. The russell 2,000 at the far right side of your screen. Jim, i want to know where you think we are now you have great vaccine news. Its consistently great. Were not that far from 30,000 on either day we have headwind tailwind. Each day you can make a tailwind case i can make a tailwind case that you have to buy the airlines right now. This norwegian cruise deal is done, you want to buy that group. I can make a case that you have to buy the stay at homes, the deep cyclicals, a case for the technology stocks. This is what weve looked for. Thats why i came in gunning for the armageddonists theres a fabulous piece out that covid did not rescue the armageddonists from underperformance and purgatory its time to call them out im asking all the panelists to call out the people who said it was the end of the world call them out. Well, weve gotten great vaccine news it sounds like to me youre saying you can still buy the cr
Leadership during the crisis. Foreign leaders who influenced events during the cold war years as well as the continuing threat of nuclear war. The Georgia Historical Society hosted the interview and provided the video. We are here to talk about the called war at 75. It marks the 75th anniversary of the beginning of the cold war immediately after world war ii in 1945. You attended georgia tech. Greta van susteren graduated from emory university. Served in the coast guard. Came back to georgia, practiced law. Served in the Georgia House of representatives. You were elected to the United States senate in 1972 and served for 24 years until you left in 1996 including eight of those years as chair of the Senate Armed Services committee. Since retiring from the senate you cofounded with ted turner and know cochair the Nuclear Threat initiatives. As i mentioneder with here to talk about the events of the cold war as you experienced them. Lets start with you. The scariest moment of the cold war
Facebook. Fears of celebrity boycotts. And jp morgan has said to have sent some manhattan traders home after positive covid test with plans to restack. Jamie dimon says work from home will cause lasting damage. 6 00 came in london, and a call over the past 24 hours, from the two veterans of markets. Gross. Y dalio and bill its about debt, deficits, and inflation risk. The veteran mindset, the warning shots are plenty. Annemarie good morning, manus. Certainly in different ways both these titans as you say are playing those risks. For ray dalio, he said the dollar is under threat. My question is, what would become the global new king currency as he makes the point in his interview with erik schatzker, the three major currencies all have the same basic problem. Gross, for him its about becoming more defensive, isnt it . Manus it is. We will pick up on the trades in just a moment. Do with to corresponding cash having negative rates. Lets see what our guest host makes of that trade. Take it
Hang seng is flat. Taiwan is the leader on the board. We will talk about tsmc. They are gaining on the back of the apple news. We continue to watch dollar renminbi. 16 month high for the yen. We could be set for the best performance ever for the renminbi. Look at whats going on the rest of g10. Still seeing a strong yen. Pound is gaining for a third day at 129. The dollar falling to the twoweek low ahead of the fed decision. Take a look at bond yields ahead, not much movement. Its pretty quiet before the fed. Six the seven basis points for u. S. 10 year. Bondsl off in government the fall off in government bonds may have run its course. Saw the biggest cash injects and since 2018. Crude jumping on the back of that Better Chinese data we got yesterday. Back to our top story. A big win on paper, but not much in the real world. Says that Donald Trumps tariffs on chinese goods violated International Regulations, but its unlikely to make much of a material difference. Lets get more from our
This economist cover free money when Government Spending knows no limits is is the free money it was never free and we can see that in gold prices free money is good to keep the system rolling obviously thats why they put it in place well issue of course is whats the underlying value of the money. You know that money is in the process of dying and i think thats what were all observing very notably its reflected in gold and silver prices right you know you say they can print all the money they want but it doesnt mean that it has value and we have lived in war all the fia money since 1971 where the value was always based on a relative valuation to other fee out money right this and this crazy kind of strapped bar selfreferential or crazy daisy chain where all these big commies are just printing and they refer to each other with their printed money and its a simple sturrock and that when this bubble and found money burst and this is by far the biggest problem with probably ever seen in hi