Printing and all the chaos and that caused the food Price Inflation and other sort of inflation that led to the arab spring today were seeing a continuation of that were seeing a paper spring as people reject even if they know it or not what theyre rejecting is this massive money printing were going to look at some of the headlines talking about what theyre rejecting what they are instinctively rejecting in this global insurrection against banks their occupation in this insurrection against paper printing and i have some of my paper here of course here heres 100 euros here is 100 euros q hey pocky have another hungry audience have sometimes you may be. Right. So why are card prevailing likelihood that the 1950000000 euros does not exist thats the headline from bloomberg they think perhaps well we looked at a bounce you perhaps there might not be any money there. Yes whats up lucky. Crap to very mean a close up my perch where through one find a stripe lucky bankruptcy is the new initial
The arab spring and the last financial crisis back after 20082009 all the money printing and all the chaos and that caused the food Price Inflation and other sort of inflation that led to the arab spring today were seeing a continuation of that were seeing a paper spring as people reject even if they know it or not what theyre rejecting is this massive money printing were going to look at some of the headlines talking about what theyre rejecting what they are instinctively rejecting in this global insurrection against banks their occupation in this insurrection against paper printing and i have some of my paper here of course here theres 100 euros here is 100 euros who hey pocky have another hungry audience have sometimes you may be. Right. So why are card prevailing likelihood that the 1950000000 euros does not exist thats a headline from bloomberg they think perhaps well we looked at our Balance Sheet perhaps there might not be any money there. Thats yes whats up lucky. Crap to very
With debt service and costs that are higher than profits such a fundamentally important char american corporations are increasingly doing business only as a side possible to their real purpose which is transferring cast from lenders to looters remember the lenders are you know that all of those bonds thats being transferred to the Zombie Companies and theyre looting well you know this goes back to something weve been saying for a number of years now that corporations only really have a profit in terms of what they can engineer on their cash desks as theyre called right so you have like a Car Companies in america they start making money making cars they made money leasing cars and then taking the income from those leases and building derivative portfolios and ponzi schemes and then the executives of buy back their own stock and then the options go up in value and they all become billionaires somehow magically not knowing why even though their Car Companies were losing money and losing m
You can bet on that. Look at markets right now. We actually come back about 80 points. Stocks rebounded today, about midday on hopes of a vaccine this year. That is coming to the president as he departed the white house for pennsylvania. Despite what we to the this morning which was more grim jobs data. Three million more americans filing for Unemployment Benefits last week. Why the bounceback . We have our market analysts to give their analysis. Some of that is the banks. Summer camps being faced with a decision to open with restrictions or stay closed, leaving many working parents in limbo. What is the cdc recommending . We have a lot more breaking throughout the hour on making money. Cheryl all right. Just a moment ago we were showing you, neil was showing you live pictures. The president is on his way to tour this medical equipment distributor just outside of allentown, pennsylvania. They make gowns, they make masks there but this trip today for him was not before he sat down with
Of a job since mid march and Business Activity grinding to a halt around the world and finally, Energy Stocks are jumping on a rebound in oil prices by far the best performing on the s p 500, which is higher, wilfred, by about. 6 though off the highs of the day. Went briefly flat as well so improving for the last hour or so the dows up 0. 9 or 200 points. Coming up, well speak with former bp ceo, lord browne about the oil markets this week as crude sees another double digit move today plus Tiger Management president , Alex Robertson, will join us to talk about investing and how his company is helping to support new yorks front line workers. Zblncht mike is tracking the Market Action for us as always meg has the details on the possible setback for gileads coronavirus trials, which sent the market off its highs during the session as we mentioned along the hannah, from the ft, who cowrote the story that broke that news and kayla is covering the house vote on the next round o the stimulus,