The red. Does tech stage a rebound in october . You have huge positions in the faangs what do you think . What matters to me is sales growth they have it we have started on the digital journey. Not just in america. Everywhere, europe, asia, south america. Its a theme we have been tau g talking about for six months be p the idea it will go away after the pandemic is resoevveverreson ever that is, is ridiculous. Remembering apple or amazon over its journey had multiple 20, 30 corrections. You just got to take a deep breathe. It will come back. Did those stocks get too ahead of themselves . No. I think apple is unique. Every name has a different issue. Theres still a little bit of Consumer Electronics associated with apple this whole idea of stay at home stocks, st stocks we are going through a fundamental change in our economy. I want to own them now after the election, next year and the year after that were only in inning three look at nikes earnings. They are almost 33 direct to consum
2. 3 billion trillion dollar stimulus package that is providing relief to Small Businesses. One of the biggest of that is 386 billion set aside to help Small Businesses with loans, checks, money that can be outright grants, Edward Lawrence has been following that because a lot of banks are handling the transactions, bank of america was up and running on this. He has the latest on all of th that. Reporter very interesting, Community Banks have led the charge on the spanking figure going forward, at 830 this morning, Steven Mnuchin has been on top of this to make sure. Look at the latest numbers, as of 1130, there was 2330 banks loans that have been given out for a total of 889 million that is direct stimulus into the u. S. Economy for the Small Businesses to keep people on pay checks and to give people pay checks and keep their lights on and pay the rent. On the jobs numbers, we expected was going to be bad but the number was really a surprise. Look at this a 4. 4 unemployment over all
The headlines and thats it for me financially to do that will be here with you next task take you to the latest news from around the world right here on our team international. I am max kaiser this is the kaiser reports im trying to less like a duck as reported by a magazine the spectator magazine in the United Kingdom claims that i have a duck voice now i sound like andrew neil at the b. B. C. Well we all go into that you know im so old i remember vietnam. And back in the seventys we were involved in a massive war there and all kinds of beth things up in kent state students gunned down and people die 50000 not as Many Americans died of it as the opiate companies killed last year but a lot of a lot of people did die like 50000 soldiers and whatnot and anyway this is part of what were talking about here stacy that was that closer to 58000 americans died in the war of course many more the enemies that i dont why did we invade vietnam well because we wanted to bring them capitalism to thi
The vietnam war most of them were born after 1905 the majority of the population there. Are living costs rarely exceed 2000. 00 a month which is. You know the average cost for health care here for retirees even and its a lot of things are very expensive out of pocket out of network all that sort of stuff so he said quote the cost of living is so low its a communist country but if i blind folded you and put you in downtown saigon you wouldnt know it and im going to say that america is technically a capitalist country but if i blindfolded you and put you in downtown new york you wouldnt know it because there is you know the central bank is printing money a command and control to keep the stock markets afloat to keep the banks afloat so the same could go back and forth and thats why i think we have americans moving to vietnam also cambodia the article mentions for the cheaper the better standard of living but also are only capitalism versus communism right its an autocracy versus a klepto
Strategy right now, less is more i dont think you want to be aggressively making adjustments to your portfolio. Myself, personally, i look at my Energy Exposure and look that i have a high correlation to the price of Oil Moving Higher i also have one oak. I suggested in the last couple days exposure to refiners. If the price of oil is going to move higher, im wrong in that suggestion what i have done is i have added sun corps. Why did i do that . Because if there is a need to tap production outside the middle east or United States, we look up north. The canadians have that. A canadian oil play. The chinese can access that, as well i think thats the right strategy i sold out of capital one. Why . I dont like where were sitting right now in terms of yield and the ism manufacturing, that was not a good number. So, too much exposure to financials gave up capital one. Took that cash and put it into suncor but less is more. Lets focus the impact of what we had overnight in the middle east. J