A murmur ation like starlings in the sky they congregate and then they disperse and people congregate around this room aeration of a stock called tesla and now theyre dispersing and theres no fundamental value to come but be that would suggest its worth more than you know 80 percent below its current price or market cap and to show you how easy it is to create a new meaning to take the place of the tesla mame nickel nicola. They just did a deal ford and their stock went up by 50 percent based on their mean of electric cars so. You know i mean i dont know what to tell you. This was predictable if all value derives from human consciousness and human consciousness is now so you know attention Deficit Disorder sort of television shortage 10. Span jumping from idea to idea multitasking and multiprocessor is hundreds of browsers open yes im talking about myself and you know your Attention Span only has a few moment your consciousness of any single me more idea is very limited for a few momen
The w. H. O. Tells all t. V. The fog the spikes are inevitable. Well. Thats all from me for today kevin i would well be here at the top of the hour with the very latest in Global Politics so join him on next turn on t. V. The kaiser report enjoy. Hi there this is the kaiser report im max kaiser lots going on social media investing types stacey oh yeah of course. Thats a fortnight king of the day traders on social media and he is asking hey even mosque do something of course this harkens back to the 2008 financial crisis 20082009 when jim cramer on the media of that day which was the Financial News cable news freight that was the big place he went for Financial News and he was demanding that the fed do something to bail out because all his friends have bear stearns were losing all their money losing all their wealth losing their jobs they have to do something this is no time to be an academic get a bell out well here day fortnight went long very very long on tesla down 30 percent and ju
The s p advanced 0. 64 and the nasdaq jumped 1 the world where the democrats and republicans cant make a deal on the next round of stimulus, so states have no choice but to open up. Open up everything, using masks and social distancing, as their only backstops because otherwise everyone goes broke. You just cant stay shut down without the federal lifeline come on, right the states dont have the money for it but the log jam in washington is starting to get personal you could see that when i interviewed House Speaker nancy pelosi this morning. I may be naively asked if we could at least get a deal with the gop to help out minority owned businesses in honor of the late, great john lewis heres what Speaker Pelosi shot back can we give a huge chunk of money to minorities who want to stay in business and cant, and to people who are trying to go to college or have student loans, who are minorities, who are the most effective, because they have the least chance in our country, thats got to be
About what everybody else is worrying about the flipside of this is also true there is no point in getting excited about something that everybody else is eagerly anticipating why . Because when the vast majority of investors agree that somethings going to happen, that thing tends to already be priced into the stock market while the real economy moves at its own sedate pace you have to build out goods to transport them to retail outlets and wait for the customer to come along and buy them the stock market has no such limitations. Stocks dont quite travel at the speed of light well, how about the speed of thought . They come pretty close the moment of preponderance of hedge fund and Mutual Fund Managers decide that the economy is slowing or speeding up or flat lining, stocks start trading like thats the case instantaneously. It usually takes some time to build that kind of consensus which is why you rarely see these most happening all at once but once the big institutional Portfolio Mana
Kind of an ugly day, dow shed 113. The nasdaq declined 0. 15 i wont hammer you on the trade talks but highlight an opportunity that works regardless of how things play out with china for all we know the trade tussle could be with us for ages. I dont want you missing out on amazing opportunities that we see out here that arent bound by the narrow confines of the prc versus the United States so let me lay it all out for you. Thousands of companies are in trouble right now because they dont know how to deal with technology they dont understand the sales force or cybersecurity or pagerdutys always on mentality. If you want to compete having the right tech gives you an enormous edge. Thats the thesis that bind so many of them thats why target i think reported a blowout quarter, not just this morning and by the way a lot was Brian Cornell knowing how to use technology and kohls reported a hideous shortfall yesterday. Target has the right kind of tech kohls hasnt spent enough on it more later