Prepare for their first debate. Says it is close to compromise in australia that would force it to pay for news desk get a quick check of the market. Usurers are under pressure. Futures are under pressure. The s p 500 lost half a percent in the regular session. The volume was lower than the 20 Day Moving Average given that we had the first president ial debate coming up at about three hours. Data was positive. Consumer, its jumping u. S. Consumer confidence was jumping. Companies imported more on demand. That news sent the dollar weaker. We got some fiscal stimulus negotiations and talk about a potential deal continuing to affect the markets. Look at what oil is doing. It continues to fall down toward 39 per barrel. Thats the lowest level in two weeks. It is plunging below the 100 Day Moving Average for the First Time Since june. Top traders are saying that oil will not meaningfully recover for at least another 18 months. The resilience of the chinese economy that drives the ecocalenda
Morning here on our team to National Well be back with an indepth look at all of our top stories in an hours time to see that. Kaiser the report still. Max your steps because kaiser report was right as always all the time or always right Warren Buffett has been obviously watching this show hes told hes tuned out of what is c m b c and bloomberg you no longer listens to them because the 1st tweet hear the 1st chart this is what weve been pointing to and this is obviously what Warren Buffett has been reacting to the fed now own a total of 22000 913. 00 different securities according to bloomberg it is the worlds biggest investor. Yeah so a lot of things here that weve been talking about that warren was late to the game you know weve been tracking his tardiness in many of his investment themes like very late apple very late to amazon he bailed out of airlines again for a 2nd time at a huge loss he got into gold very late and of course when he got into his gold stock people are saying well
Oh i am x. Kaiser this is the kaiser report stoked face. Max your steps because kaiser report was right as always all the time or always right Warren Buffett has been obviously watching this show hes told hes tuned out of what is c m b c and bloomberg you no longer listens to them because the 1st tweet hear the 1st chart this is what weve been pointing to and this is obviously what Warren Buffett has been reacting to the fed now own a total of 22000 913. 00 different securities according to bloomberg it is the worlds biggest investor. Yeah so a lot of things here that weve been talking about that warren was late to the game you know weve been tracking his tardiness in many of his investment themes like very late apple very late to amazon he bailed out of airlines again for a 2nd time at a huge loss he got into gold very late and of course when he got into his gold stock people are saying well you know its not entered gold you see you know the stock is paying a dividend and he likes div
For nothing in return except for keeping employees you know in in their job up until october 1st and theyre using that as a way to get some more free money but here warren buffet was like he was outbid by the fed and he said hes throwing a temper tantrum saying well dumping all his Airline Stocks immediately the entirety of it a huge loss dumping his bank shares again because the fed is the biggest player there hes not going to he knows that this next crisis thats coming hes not going to be able to do Goldman Sachs sort of deals again where he got a huge preferable you know return in exchange for bailing them out in 20082009 so here hes doubly shorting the dollar but he cant like hes Warren Buffett he doesnt want to get in trouble with the authorities i say he cant just openly short the us dollar they openly kick in a stand on their face but what hes doing is by going. Long japanese conglomerates and including one of them by the way which is called the itochu and it was founded in 858.
Openly short the us dollar they openly kick in a stand on their face but what hes doing is by going along japanese conglomerates and including one of them by the way which is called the itochu and it was founded in 858 but 9 among Japanese Trading Companies it is distinguished by not being descended from an Historical Group which is the imperial power groups but by the strength of its textiles business and successful Business Operations and china so in a way its also him going along the end of this u. S. Empire and the rise of i dont know if itll be an empire but a chinese superpower right right exactly so theres a changing of the guards the u. S. Is losing its cachet as worlds single superpower what u. S. Dollar is losing its status as World Reserve currency or moving into a post u. S. Dollar as World Reserve currency era in. And so buffett is picking up stakes and hauling out these hes moving to asia especially the big portion of his portfolio and. Deleo who has another huge day when