The protesters were calling out greed for profit in the past 5 years alone almost 200000 people have died from overdoses related to prescription opioids. Patients can become addicted to painkillers like oxy cotton in just one month when swallowed the pills active ingredient oxy coat on is released gradually but when chewed crushed inhaled injected or abused they can cause respiratory arrest. On happening again like. The average man had handed me. Oxycontin was the drug that helped the sackler brothers arthur mordor mar and raymond expand their company produce pharma and to a pharmaceutical empire. The sac lawyers are often thought of as art. Friends like here in new Yorks Metropolitan Museum they made generous donations to promote culture worldwide from montreal to copenhagen paris berlin and london. Their Company Purdue Pharma made over 35000000000. 00 in sales with the painkiller oxycontin alone by the end of the 1990 s. The drug had become a household name due to aggressive marketin
Nasdaq up 27 . Again, the dow has been weak over the last several trading sessions. You are seeing the issues going on and the bigger deal is the russell 2000. It turned negative for the year yesterday. It is a huge pullback with the dow industrials and russell. All these pulling back with the potential for recession. These are the things we watch along with treasury yields and inversion in the treasury yield curve. Twoyear yield at an 5. 1 . Above the 5year and 10year and 30year. Those yields picking up is what we are watching. Yields are picking up because the economy is strong. Why is the dow and russell indicating otherwise . Maybe it is so strong that the fed has to do something. If they do something that is why. They have to go further. Here we are. Dijamie dimon made comments yesterday. He said it could go 7 . He said it is not something he is predicting, but you have to prepare for it. Thats what he told his board and clients. Prepare for it. Dont be surprised if rates are high
Thats why youre here. Cant find anyone. We have one guy left. Simeon. Is he bullish . He will be on. Already talked to him. One of the things hes saying is even if if there is a stumble in some of this stuff, market already deserves to be here, which is what i think. I think so, too. In terms of tax policy or that stuff is a bonus. Just not having the private sector vilified on a daily basis, not adding a new regulation, layering on a new regulation every day. When you take that off, its going to come back to a more normal level. Im with you. I think i know you are. The multiples are getting a little stretched, but Interest Rates, you know, stock prices are a function of earnings and Interest Rates. Interest rates are historically low still at 2. 5 roughly. Youre the one who coined t. I. N. A. I have. There is no alternative. And we have other things to talk about which in particular with the Trump Administration, were not talking about financial repression, monetary policy, were also
But waiting for further guidance from the saudi kingdom on what they want the u. S. To do next. Lets begin in detroit with the latest on the strike against gm. Tens of thousands of workers, business and politics reporter vanessa is there. What are Union Workers demanding and will they get it . Well, that is the Million Dollar question. Theyve been here striking since midnight. Almost 50,000 across the country, 31 factories in nine different states. If you take a look just behind me, at this plant here in detroit, this line has been really happening since about midnight. Now gm is saying that they have offered a very fair and strong contract, but the uaw saying it does not go far enough. They Want Better Health benefits, they want more protected rights for temporary workers and also want better starting salaries for their workers. Now we spoke to one woman earlier this morning who talked about what it was like to work in a gm plant and also why she is out here striking today. Blood, swe
Unorthodox mind. Thats nicely put. A range of false or dubious statements and the myriad ways he has changed the presidency in just 31 months. Trump bounced from one odd ball claim to another on iran to north korea and his trade war with china. China has taken a very hard hit over the last number of months. I think they very much want to make a deal, and the longer they wait, the harder it is to put it back. If the circumstances were correct or right, i would certainly agree to that. Maybe it works. Maybe it doesnt. I say it all the time about everything. Maybe it works and made it doesnt. The first lady has gotten to know kim jongun, and i think she would agree with me. He is a man with a country that has tremendous potential. I think iran wants to get this situation straightened out. Now is that based on fact or based on gut . Thats based on gut. Weve had many calls. These are high level calls, but they want to make a deal. So the chinese are saying there werent any the chinese are n