The Dr Boyce Breakdown

Today on The Dr Boyce Watkins Black Stock Market report, I wanted to talk about some of what's going on with Russia, Amazon and why the stock market took a dive today.   The price of oil went up as the world worries about what will happen in the Ukraine.  Also, Amazon has a billion dollar Lord of the Rings franchise on the way that shows how serious they are about getting into the streaming business.  According to the Hollywood Reporter, #Amazon is making some big economic moves.   he Hollywood Reporter has confirmed that Amazon will spend roughly NZ$650 million — $465 million in U.S. dollars — for just the first season of the show.  That’s far above previous reported estimates that pegged the fantasy drama as costing an already record-breaking $500 million for multiple seasons of the show.  “What I can tell you is Amazon is going to spend about $650 million in season one alone,” Stuart Nash, New Zealand minister for economic development and tourism, told Morning Report. “This is fantastic, it really is … this will be the largest television series ever made.”

Today we speak about what happened with Snoop Dogg and why his most recent allegation will likely cost him millions. 

The ugly beast of inflation has reared it's head and the stock market is reacting.  According to CNBC, this is the worst rise in inflation since 1982:   The consumer price index for all items rose 0.6% in January, driving up annual inflation by 7.5%. That marked the biggest gain since February 1982 and was even higher than the Wall Street estimate. Core inflation rose 6%, which also was a notch above expectations. Real earnings for workers increased just 0.1% on the month when accounting for inflation. Weekly jobless claims declined to 223,000, below the 230,000 estimate.  We also discuss the acquisition of Death Row Records by the rapper Snoop Dogg, and what this means for long-term branding in the hip-hop music industry.  I think that Snoop is going to do great things with the asset and that the failure of Death Row was a reflection of bad economic culture.   You can join the Dr Boyce Watkins Stock Market investing class by visiting TheBlackStockMarketProgram.com.

I read a disturbing report about Netflix and the slowing of the growth of its user base.  There are some who believe that #Netflix should offer tiered pricing and should even consider selling itself.    This is interesting.  I'll give you my personal take on Netflix and whether it would make sense to buy Netflix Stock.

Amazon stock just did something amazing.  The company, run by CEO Jeff Bezos, just saw a stunning rise in value of $190 billion dollars practically overnight.    #Amazon appears to be strong and #Amazonstock is one of the assets that are expected to do quite well during the post pandemic economy.   Amazon's rise is interesting in contrast to the steep decline of Facebook owner Meta.  Meta saw a major valuation drop in its recent earnings report.  Amazon is now worth $1.6 trillion and may eventually challenge Apple as the largest company on earth.   The Black Financial Channel is a news and business channel designed specifically for the African American community.  We give daily financial updates on stock markets, investing and other related topics that appear in financial news.    The Black Financial Channel is sponsored by The Black Business School.  To join The Black Business School and get started for free, please visit http://TheBlackBusinessSchool.com.    You can enroll in Dr Watkins' Stock Market Investing class by visiting http://TheBlackStockMarketProgram.com.

In today's Dr Boyce Breakdown, I analyze a string of events including the sudden rise of Amazon stock, Facebook's ugly decline and why rappers like Kanye West love to brag about their wealth but dont' create jobs for the black community. 

Today I had a powerful, well-rounded conversation with the amazing rapper Immortal Technique.  

Here I talk about conditions in the stock market and what to expect during the month of February. 

You can join my Stock Market Investing class by visiting TheBlackStockMarketProgram.com. 

Today, Dr Boyce Watkins speaks about racism and the new Bill Cosby documentary. 

Dr Alicia and I speak today about the latest Janet Jackson documentary.  We also discuss the legacy of her father Joe Jackson, her brother Michael and what the Jackson family means to the black community.