Ask yourselves now that nearly all the big tech outfits reported and a day the market rebounded from its lows. S p jumping 1. 19 and the nasdaq surging 1. 69 . All right. It didnt make back everything it lost, but like i said, nobody ever made any money panicking. If you panicked yesterday, always a better time there is a whole network of smart, rigorous Money Managers who believe apple, amazon have become ridiculously expectative. Downright danger to zone they dont welcome the possibility that these could be worth trillions of dollars im not kidding, every day same goes for their compadres netflix and microsoft. There are tons of stocks in this market way too expensive by any traditional valuation metrics. However, that does not include facebook, apple, amazon, maybe alphabet say nothing of microsoft only netflix is one that i think is a bit of an outlier this is 2020, not 2000 that being the dotcom boom with the exception of amazon and netflix, all of these big tech stocks are valued
Our schedules. Were also making sure the companies that are Good Companies stay solvent and have the money necessary to keep functioning. We have a lot of things were working on with Financial Markets and its going to work out fine you have to remember the stock market is much higher. Its taken a big hit its going to all bounce back and its going to bounce back at the right time when will you decide for the American Workers were deciding right now. Were dealing prior to even the stafford act were dealing with the democrats in congress. Well see what can be done i happen to think a payroll tax cut would be a very good idea. Very distributed to really distributes it very evenly among middle class and other workers it would be a great thing. I happen to think it would be a great thing beyond this. Were looking at the payroll tax cut and that wont come immediately because thats a stronger measure but we are looking to do that i think at the right Time Congress will probably go along with i
Track on the mining industry. The founder and chairman of one of the Worlds Largest Mining Companies Vedanta Resources willjoin us. Well get his thoughts on the Trump Presidency, and likely drivers for Commodity Prices this year. And we also want to know your thoughts are you optimistic or pessimistic about the new leader of the free worlds economic plans . Will it be a trumpjump or a bump . Just use the hashtag bbcbizlive. Or 0rdump or dump welcome to the programme. Lots going on, weve got that friday feeling. Later today donald trump will be sworn in as the 45th president of the United States. Lets be frank. The Billionaire Businessman has gone from long shot candidate to the leader of worlds biggest economy in just a year and a half. His supporters will now be hoping that he can shake up the us economy in the same way the he shook up the president ial race. Lets ta ke lets take a look at some of the details that we know. He has promised to create 25 million jobs over ten years, and
Numbers, and theres very visible reputable companies. You would have expected a scorcher of a session. Instead, the market itself got scorched. Dow dropped 196 points. S p falling. 93 . Nasd thanks to concerns, some say justifiable concerns, over the sole vensy of Deutsche Bank, the largest bank in germany. These concerns had ripple effects all around the globe. Whenever we start worrying about the solvency of any bank rpg theres always going to be negative pin action. The stock is down again today. Its going to play out, and none of them is good. People will fear this huge banks problems will spill over to others as banks are always lending each other money, and theres a presumption that you shouldnt be lending any money to Deutsche Bank right now because maybe you wont get paid back. When you look at the bank collapses from the recent financial crisis, they were caused not by classic bank runs that depositors are pulling out all their cash, but because their credit was cut off by oth
Scorcher of a session. Instead, the market itself got scorched. Dow dropped 196 points. S p falling. 93 . Thanks to concerns, some say justifiable concerns, over the solvency of Deutsche Bank, the largest bank in germany. These concerns had ripple effects all around the globe. Whenever we start worrying about theres always going to be negative pin action. The stock is down again today. Its going to play out, and none of them is good. People will fear this huge banks problems will spill over to others as banks are always lending each other money, and theres a presumption that you shouldnt be lending any money to Deutsche Bank right now because maybe you wont get paid when you look at the bank collapses from the recent financial crisis, they were caused not by classic bank runs that depositors are pulling out all their cash, but because their credit was cut off by other large institutions. We heard there were news reports that was happening today at Deutsche Bank. In fact, the markets su