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1) Consumer confidence rises during March as banking crisis somewhat subsides – good news 1A) Disney joins a list of companies with a layoff announcement of 7,000 which is not a surprise 1B) There is absolutely no progress in the debt ceiling debate – bad news and we’ll explain 1C) Commercial Real Estate loans are becoming a concern particularly in NYC and SF as debt will roll over at higher interest rates 1D) Hearings in…
Guest – Jeffrey Dunetz 1) What will the Grand Jury and DA do? Trump? 2) DeSantis teases 2024 plans. Rips Trump character and Trump responds. 3) Federal Reserve raises interest rates 25 basis points, markets fall then recover 4) Biden approval drops to 38% near low of his presidency. He was at 45% in Feb. and 41% in Jan. 4A) Only 30% of Iowa voters approve of Biden 5) Portland disintegrates – shootings, toxic waste,…
Guest – Drew Allen 1) China shifted the majority of their oil purchases to Russia over Saudi Arabia 1A) International Criminal Court issues arrest warrant for Putin war crimes. 2) Potential Trump indictment next week. Manhattan district attorney playing dangerous political game. It is a misdemeanor. We’ll discuss the implications. Will Trump gain politically? 3) In France, the Macron government survives a no confidence vote over raising the retirement age to 64 from 62 which…
Guest – Jeffrey Dunetz 1) European bank stocks are stabilize as Credit Suisse receives $54B commitment from the Swiss National Bank. 1A) The Federal Reserve meets next week. The expectation is a 25 basis point increase then a pause. 1B) First Republic Bank in merger or takeover talks as the stock falls 25%. 1C) Secretary Yellen says the banking system is stable and deposits remain safe. 1D) 84% of Americans do not want bank bailouts.…
1) Federal Reserve, Treasury and FDIC step up and back ALL deposits to avert further bank runs. 1A) Stocks are up after a severe fallout on Monday when bank stocks were routed over concern for their very survival. 2) Inflation rose by 6% in February down slightly from January’s rise of 6.4%. 3) More layoffs in the technology sector as Meta, formerly known as Facebook, announces 10K pink slips planned 3a) CA court rules…
