werec

this is the test of the castos

In tonight's Nightly Business Review, I take a look at the day's top business news headlines. On today's episode, we take a look at Keith Gill, aka TheRoaringKitty, and his potential trouble with congress. We look at how his interaction with GameStop's stock could be problematic. Next, we look at the rise of Dogecoin and ask if Elon Musk is essentially orchestrating a pump and dump on this crypto? Plus, the Economy continues to improve. Initial Jobless Claims were down to 779,000. We ask: is an improving US economy responsible for the mania in the stock market?

Chapter Markers:

00:00​ -- Introduction00:15​ -- Keith Gill and GameStop Short Squeeze to Congress01:43​ -- Is Elon Musk Trolling Dogecoin and all cryptos?02:55​ -- The US Economy is Improving with Good Initial Claims Numbers

 

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In this edition of the Coffee Bean, sku looks at the day's top business news. 

$40,000 Bitcoin. You ain’t seen nothing yet & Tesla Danger to the S&P 500, and more.

Let's talk about global macro; look at the news; and make sense of the world of business, the economy, and your money.

Start Here -- Introductions and Purpose.

Inflation in Canada, US, and the world.

Vanguard ETF VOO now has a 1 Trillion dollars.

Retail sales were down by 1.1% in November.

FinTwit

Donald J. Trump not welcome in Mar-a-Lago

Analysis of job hiring and separations.

Bicton evaluation as it hits historic highs.

Upgrades and Downgrades. DAL upgraded. UAL downgraded.

Tesla going into the S&P 500 and the risks it could pose. High implied volatility across the volatility curve of SPX.

 

NO FINANCIAL ADVICE GIVEN and NOTHING ABOVE SHOULD BE CONSTRUED AS FINANCIAL ADVICE.

The news just broke that Robinhood Markets Inc., has elected Goldman Sachs to lead preparations for an initial public offering (IPO).

Robinhood is looking to be valued more than $20 Billion. It is a game changer for the retail broker industry. And, if successful, this IPO will have ramifications across all of fintech.

In a relaxed way, I cover the day's most important business news. All without jargon; and, in a simplified manner. Never Dumbed Down.

✔ Business News You Can Use Playlist:

In today's Business News You Can Use: I plainly explain what the latest Brexit news means, I look at the rising prices of metals and what that means for our Economy. I look at the marketing dollars of the Mayweather Paul fight, and the trouble IAC Interactive has gotten with Google. And, finally, we look at the newest coming member of the Trillion Dollar Club: Facebook.

 

✔ Business News You Can Use Playlist:

Here's why China is going to lead the global economy opening up. Their GDP numbers suggest that China will have faster and higher growth. In this episode of Business News You Can Use, SKU explains the reasons why exports and domestic consumption give them an edge

Also, In the mean time: 50 FREE slots available for my course: https://skl.sh/3fSGXnP

Sources: "...China’s growth is likely to be above the global average this year and next. And stronger growth in China - the only major economy expected to grow positively on average in 2020 - is important in the context of an increasingly bipolar world, with the U.S. and China set to be the dual engines of growth."

 

YouTube: https://youtube.com/soknowthis

A look at the beige book, economy, and stock markets.

Economy Crashing! The Federal Reserve Beige Book was released. And, the situation did not look good for the economy as a whole. But, in the data, there were many points that showed that US economy is on the right path. Naysayers were sent packing. #FederalReserve #SoKnowThis #Economy

The Beige Book Bandwagon has arrived!

Join my Substack: https://businessnews.substack.com/

Playlist of Economy Business Wall Street #Shorts https://www.youtube.com/playlist?list=PLPk0DTaUetS4i-nfKo63uxumHQpitktlZ

From the Federal Reserve: “Four districts described little or no growth, and five narratives noted that activity remained below pre-pandemic levels for at least some sectors,”

Citations: Minutes of the Board's discount rate meeting from October 5 through November 5, 2020. Board of Governors of the Federal Reserve System. (2020). Retrieved 2 December 2020, from https://www.federalreserve.gov/newsevents/pressreleases/monetary20201201a.htm

Hawaii and Nevada have the nation's highest unemployment rate. (2020). Retrieved 2 December 2020, from https://www.bls.gov/opub/ted/2020/hawaii-and-nevada-have-the-highest-unemployment-rates-in-october-2020.htm

Kemp, J. (2020). Fingfx.thomsonreuters.com. Retrieved 2 December 2020, from https://fingfx.thomsonreuters.com/gfx/ce/nmopadggava/GLOBAL%20DISTILLATE%20MARGINS%20(DEC%202020).pdf

Fed sees moderate U.S. growth with virus causing slowdowns. Pensions & Investments. (2020). Retrieved 2 December 2020, from https://www.pionline.com/economy/feds-beige-book-shows-overall-moderate-growth-some-slowdowns

San Francisco District, F. (2020).Education | What is the Beige Book, and what role does it play in setting interest rates for monetary policy?. Frbsf.org. Retrieved 2 December 2020, from https://www.frbsf.org/education/publications/doctor-econ/2003/november/monetary-policy-beige-book-interest-rates/

In this episode of Business News You Can Use:  I've got 4 stories for you:

Why long term holding often times is seen only in hindsight.

The enduring power of the video game industry over the music industry.

Why car prices are only going to go higher.

Global stock markets are about to be worth a cool 100 Trillion Dollars in total value!

Business News that you can use. Through our Business Snippets, gain insights into Global Macro: MONEY. ECONOMY. BUSINESS. MARKETS. My Mission: No Fluff. To the Point. ALWAYS CLICK-BAIT FREE.

See These on YouTube

In tonight's episode of Business News You Can use: Microsoft founder Bill Gates says that he expects business travel to slow down dramatically. SKU provides some analysis and looks at the reasons why local real estate prices and commercial rates go up when a more educated workforce enters a region.

 

Playlist of Business News You Can Use:https://www.youtube.com/playlist?list=PLPk0DTaUetS46KBM3V9YNw8vSU5DPUNPG

Listen on iTunes: https://podcasts.apple.com/us/podcast/business-news-you-can-use/id1538786267

Listen on Amazon Alexa: ➡ https://www.amazon.com/CoCare360-So-Know-This/dp/B08N6KTC9Y/

Sources:

Statista. 2020. Corporate Travel: Companies By Booked Air Volume US 2019 | Statista. [online] Available at: https://www.statista.com/statistics/254078/companies-by-usbooked-business-travel-air-volume [Accessed 20 November 2020].

Statista. 2020. Corporate Travel: Companies By Booked Air Volume US 2019 | Statista. [online] Available at: https://www.statista.com/statistics/254078/companies-by-usbooked-business-travel-air-volume/ [Accessed 20 November 2020].

Statista. 2020. Corporate Travel: Companies By Booked Air Volume US 2019 | Statista. [online] Available at: https://www.statista.com/statistics/254078/companies-by-usbooked-business-travel-air-volume/ [Accessed 20 November 2020].

Deloitte Insights. 2020. 2020 Global Human Capital Trends. [online] Available at: https://www2.deloitte.com/us/en/insights/focus/human-capital-trends.html [Accessed 20 November 2020].

Prnewswire.com. 2020. Home Sales Surge 24%, The Biggest Gain On Record, Prices Up 14% In October. [online] Available at: https://www.prnewswire.com/news-releases/home-sales-surge-24-the-biggest-gain-on-record-prices-up-14-in-october-301177066.html [Accessed 20 November 2020]. Shein, E., 2020.

Permanent Remote Work May Also Mean A Pay Cut. [online] TechRepublic. Available at: https://www.techrepublic.com/article/permanent-remote-work-may-also-mean-a-pay-cut/ [Accessed 20 November 2020].