System is already being felt across the planet with trade barriers and conflicts returning will the stress on the Global Financial system cause it to crash again can this boom and bust cycle finally be broken or is catastrophe just around the corner. Jacob frenkel its really great to have in our show today my president all right so lots to talk about after last years davos on what you have actually cited the growing global doubt level as a concern but this year we have a china u. S. Standoff that you think is also a big problem to the Global Economy do you think were looking at a recession to come. To. The world is a very global entity countries in the world connected. In a way begins the nature of the integrated. World to have barriers and to create trade tensions so as an introduction i would like to say that in my judgment the chinese us standoff as far as the trade skill mischas is the major issue but you are perfectly right that. We arrived to this year which is the tenth annivers
And President Trump keeps up his attack on the fed, saying he knows more about Monetary Policy than jay powells team does. Lets get a quick check of the major averages and how u. S. Docs closed stocks closed in todays session. The longest losing streak since President Trump took office. Falling more p 500 than 2 for a second consecutive session. The s p 500 breaking through that 200Day Moving Average. The nasdaq fell 1. 25 . We had Energy Stocks leading the sectors down, as we saw crude just sink on risk off sentiment. The volatility was high. Levelx surging past 20 and gaining ground for a sixth consecutive session. Take a look at what 10year yields were doing as they were again under pressure today. We saw it at around 3. 15 . We saw yields lower throughout this week after that selloff last week. Treasuries also got a boost from a 30year option. Auction. We did get the dollar reacting to u. S. Inflation missing expectations. Gold was higher. Right now, flat. A slight flight to safety
President trump keeps jabbing at the fed. He says he knows more about monetary. Monetary policy. Shery it down now falling more than 2 along with the s p 500. A second session of losses. We saw the nasdaq selling off. Seeing the longest winning streak this year. President trump austrias comments on the fed did not help. Take a look at yields because they were falling for another session. Have been falling all week after that selloff. Surging after a solid 30 year option over the dollar. Falling for a fourth consecutive session. We are seeing some pressure after President Trumps comments on the fed. Gold futures gaining the most in two years. Crude is up a quarter of a percent. Of this will all play out in asia. Mixie we are looking at a end to the week. Earnings. May turn to be k see the cost ospi snap its decline. The asx 200 leading. We are keeping a close eye on energy in light of recent commodity movement. Gold hitting a 10 week high. A weekly gain for the aussie dollar. On the dat
One month on the job elon musks appearance on joe rogue ands podcast, smoking pot, drinking whiskey, handling Samurai Swords got an apology after a contentious call and guys, happy friday appreciate you helping us make sense of all of this tony, let me start with you. All of the executive departures, obviously cash flow, and now this sort of extracurricular activity as he goes on this interview. Does it effect your research or not . It doesnt ultimately object the value of the company, how many they can make but it effects investor sentiment. Everyone knows that elon is not your archetypal ceo for many of the reasons you cited. But he is a genius he has been a Disruptive Force in the Global Automotive market. And investors have to weigh that at some point some will say these are too distracting to us and the companies and we worry about that, they will sell their shares and i think thats what youve seen over the last month or so since the take private, between the accusations of the th
Monthly gain as we wrap up march of q1. Home depot announcing the biggest acquisition for them, buying Building Products distributor srs, more than 18 billion, including debt. And the sentencing hearing for Sam Bankmanfried due to get under way in new york city later on this hour lets begin with the markets, though, as we close out q1, jim. Youve been talking about broadening, but yesterday was what an example of it. I would say, the banks, great. The industrials are great. Theres some health care, like merck, thats phenomenal and Entertainment Company like disney, of course, we got proxy fight there. American express was amazing this quarter so, if you think about it, and caterpillar American Express, caterpillar, disney, these are remarkable companies to be winning right here at a time when jpmorgan at a time when the feds tightening or not loosening and waller says, look, we got to take our time. So, i think the fed really misled you there were two markets there was the fed, which s