Under valued it sounds crazy. We had a remarkable blitz up we just came after that brutal sell off all the buyers vanished. Now suddenly were back dow surging 328 points and s p jumping and nasdaq pulled 1. 87 . Why . Why did it happen . Why was so great today because today is merger monday monday used to be the day we always came in and merged and stopped. Guess what its back and bigger than ever so i bought out the merger both. Merger. Merger merger. Yes i havent used the merger both, i dont know, four or five years and its back. All right, all right, all right. Back and bigger than ever. We spent a lot of time trying to figure out what stocks are worth, right the price to earnings. Price to sales and book value. All that stuff we try to do. There is another way to value this business. You look at what another business might be willing to pay for that business and today we got a wave of huge mind numbing deals that suggest there are many real bargains in mna. Merger. Merger merger. L
In the. Climate change. The soon. To. Be years do they have their future. Going to dot com for major cities the mechanisms could turn. To towns Prime Minister is due to step down due to poor health. To announce his decision at a press conference later today is move coincides with japans biggest economic slump on record we go to tokyo more. Also on the show well visit the italian port of genoa where. The cruise and shipping industry have run out of steam. And how the pandemic boosts creativity in business a hotel in india turns its pull into a fish shop. Good to be with us now all eyes on tokyo today where Prime Minister shinzo expected to announce his resignation over health law race stocks on the exchange tumbled more than 2 percent on the news the sudden resignation would come just 4 days after he became japans longest serving Prime Minister and the one who coined the term nomics hes always seen themselves as a reformer set on shaping the future japans Prime Minister shinzo and his p
Position of Prime Minister then girlfriend on the qatari daughter decided to step down as Prime Minister a program. To go to tokyo for more. Also on the show will visit the italian port of genoa where the cruise and shipping industries have run out of steam and. Welcome to do business i want to get jones of berlin good to have you with us japanese Prime Minister shinzo alba has announced his resignation citing Health Reasons now this certainly tragic irony in the fact that the man who was elected to office 80 years ago primarily because of his economic policies will now leave the country as he himself says in one of the worst Economic Crises for decades. 7 years 8 months thats how long she was in office longer than any other Prime Minister in japan when he announced his resignation citing Health Reasons he focused on the crippling affects of the pandemic on the jet that was economy this years 2nd quarter saw Economic Growth shrink by almost 28 percent. And tell us things shape up witho
Is being called into question. They say they cant keep up with the s p 500. Investors in this market may need to think outside of the box, invest in areas like private markets, maybe even areas like cryptocurrencies. Joe this is a huge question right now even prior to this crisis, we probably had a million discussions about what is the future of the 6040 portfolio. Treasury yields are so paltry. Limit. S sort of a hard if 0 yield is through a radically the farthest it can go. That being said, they do phenomenally well i cant think of any other portfolio where you are like, is this the end . It is doing phenomenally well up until now. The question is, can it go further . Romaine i guess the big debate here, when the 6040 portfolio was conceived, you have this sense that bonds and stocks were representative of the free market. Look, the question then becomes what is the alternative. Cryptocurrency, gold. What do you replace bonds with . Or do you wait for stocks to revert to the mean . A
Russian vaccine. Yeah. Which i guess is, i dont know i dont know are you going to take a russian vaccine . Thats about now, were really talking about a tremendous leap of faith a russian vaccine which i think theyve dubbed did chernobyl ii. Im going to pass. Is that a hard pass yeah, hard pass chernobyl its been approved even though its had trials. Easy come, easy go. Remember, they spent a fortune on the trial and a couple people died i dont think thats the russian way. Nor do i think when 28 people died in world war ii did necessarily everybody come to a fight with a machine gun fight and they have very little fear and its demonstrated in certain trials, really well, listen, we can hope theres great science there and there is something well, they used to have great science. And plenty of scientists, no doubt. And rockets they stole a Hydrogen Bomb from the rosenbergs, they can do that. Lets read what putin had to say, as far as i know a vaccine against a new coronavirus has been regi