camps are the big name david morgan joins macs and stacey. biomass kaiser this is the kaiser report for you and we have a new word for you to think about consumption transient camp that's right force consumption but in a gulag it's a server tells more it's kind of a gulag casino state and you can see from our first headline here q e could fund a twenty billion pound tax giveaway q.e. of course is quantitative easing and the government in the u.k. they say could fund a twenty billion pound tax giveaway to boost growth next year by releasing the profits made by the bank of england's money printing program a leading economist has suggested the economist max michael saunders u.k. economist at citibank he said the government could use the accumulated profits from quantitative easing to finance a special temporary tax cut for a year or two according to official figures the potential profit by february twenty third team from q.e. to the bank is twenty point seven billion pounds more than enough to knock two point five p.c. of income tax for a year a

of silver investor dot com that's over hyphen investor dot com david morgan welcome back to the kaiser report backs great to be back all right david margan you are of course the silver guru but before we get to silver i want to talk bongs you have recently made a bold call is it time to short dogs david morgan are you the guy to make the right call many have come before you and been wrong are you well backs to be totally honest l a o i've made a couple calls i said recently and actually over the years that apology more money made shorting the bonds in the u.s. bond market. simply do there's so much leverage available through the e.t.f. the double e.t.f. options and of course the futures market and i've actually taken a stab at it a couple times not very confidently in the two cases that i recall i used options myself and actually these bonds just kept treadmill log so. is it the right time or not i don't really know as certainly near the top how long this can be prolonged with these this almost zero interest rate policy obviously the bonds had a great run for thirty years and by my dig

joining us now, david kelly, chief market strategist at j.p. morgan funds. so david, investors are really counting on central bankers in europe and in the united states to do something to rescue the global economy. realistically what should they be expecting to happen? >> i don't really think that's quite the way to frame it i think what we're seeing particularly in europe, we believe the european central bank would prevent a meltdown. we're not expecting a big liftoff in european economic growth. we expect them to stay in recession. we expect the u.s. just to continue to grow slowly. the key thing is there is no disaster. and if you look at markets, interest rates, think of bond markets and equity markets the valuations are so far a coup that if you don't have a disaster looming there is no way stocks should be this low given how interest rates are. you are seeing interest rates move up and stock prices move up as people begin to move away from a disastrous scenario. >> so what are the fundamentals that you are focusing on. a lot of people i talked to are lo

. >> a question we'll talk to david from morgan stanley, is that an issue for the fed. the dollar, another interesting story out there. 1.24, almost 1.25 on the euro. >> the euro has bounced back. >> can whoa talk about this? everybody i talk to says the euro will be weaker. the ecb is about to embark on a series of policies that should weaken the euro. we're for parody between rates in the ecb and fed. possible bond purchasing, all of these thing to make the euro weaker. when there's additional noise about these things that should weaken the euro, the euro strengthens. >> unless you see a situation where greece falls out of the euro. then they step in and save the rest of the countries that need some of the -- some of the work. if you get rid of greece, does the euro look stronger overall? >> absolutely, absolutely. >> there's still a -- >> if you think about parody between the fed and ecb being at zero, that should tend to weaken the currency. unless, of course, the fed pivots even further and ends up doing more qe and then it's not so much. >> probably the top of the

david kelly from j.p. morgan funds, josh brown is the vice president at fusion analytics.we'll do this again soon. >>> all right, lolts of talk frm the central banks. where is the action? will either of these guys step up before the economic storm is upon us? i'll tell you on the other side. has helped fund economic and environmental recovery. long-term, bp's made a five hundred million dollar commitment to support scientists studying the environment. and the gulf is open for business - the beaches are beautiful, the seafood is delicious. last year, many areas even reported record tourism seasons. the progress continues... but that doesn't mean our job is done. we're still committed to seeing this through. so how much do we owe you? that'll be $973.42. ya know, your rates and fees aren't exactly competitive. who do you think i am, quicken loans? [ spokesman ] when you refinance your mortgage with quicken loans, you'll find that our rates and fees are extremely competitive. because the last thing you want is to spend too much on your mortgage. one more way quicken loans is

. >>> and barclays has found a new chairman, david walker, former chairman of morgan stanley international, taking up the position november 1st, replacing the current chairman. the new chief executive says he would be fully engaged in the process. >>> meantime, u.s. treasureies secretary geithner has ensured his british counterpart george osborne that u.s. regulators investigating standard chartered will try to coordinate their actions. he repeatedly voiced concern that the bank may not be treated fairly in the investigation as finch reported it may cut its rating following allegations over deealings with iran. the ratings agency said the bank could be downgraded when there is more clarity on the situation. >>> all right, don't forget, we're going to be joined by jian tian first on c information in 15 minutes time. those earnings should be coming out about now. the interesting thing is why they're releasing them at 9:15. i think they're waiting for the asian markets to get to the end of their trading day. >> prudential has performed quite well, operating profit now crossing the wire 1.26 m

morgan instead started focusing on wal-mart facebook and gold now david kuo from u.k.'s investing and the motley fool explains. why would i want to invest in the banks when i can invest in something that is easier to understand and wal-mart is one i think another one of the sources interested in is general electric g.e. i mean these are easy companies to understand so why would you want to make it difficult we're so interesting in a sausage machine what you have is a sausage machine you put in sausage meat at one end and hopefully sausages come out the other similarly when you put money in one side our money and then hopefully you can convert that into more profit money or you can go to do that but what they're finding out now is they've got money and nothing comes out the other side people are very disgruntled. so i mean just a reminder yeah george soros dumps financial shares and focused on facebook how bad off financial assets right i mean look at what's going on facebook stock market right now i don't know if this is the i.p.o. went on the stock exchange it's not re

morgan and goldman sachs to favor wal-mart and facebook surprisingly well david kuo from investing advisors the motley fool explains. why would i want to invest in the bank when i can invest in something that is easier to understand on the wal-mart as i think another one that source is interested in is general electric g.e. i mean these are easy companies to understand so why would you want to make life difficult we are so well at investing in a lot sausage machine and what you have is a sausage machine you put in sausage meat at one end and hopefully sausages come out the other similarly with i would you put money in our money and then hopefully you can convert that into either more profit money or you can go to do that but what they're finding out now is they've got money and nothing comes out the other side people are very disgruntled. and that's your business well dimitri thank you so much for that closing bell dade will see you in a little while now a recap of our top stories here on r.t. in just a few moments stay with us. by .

morgan. cruz has never been elected to public office at age 41. how does he explain his win over david dewhurst the incumbent lieutenant governor a wealthy businessman who spent $19 million of his own money on there race? >> look, everyone who has a vested interest in the status quo, in business as usual in spending and spending and spending wants to stop anyone who wants to stop that gravy train. but i think the american people are looking for leaders that aren't going to washington, to suddenly be popular at the cocktail parties. they are looking for leaders to go to washington and to be public servants. >> this november, paul sadler, being vacated by the outgoing o republican senator kay bailey hutchison. >>> question. what does ted cruz's victory say about the tea party movement and its influence on the republican party? rich lowry? >> john it says the most important and powerful force in the republican party right now is the tea party combined with a genuinely impressive candidate. we had the tea party victory in the indictment indict senate race awhile ago but that was almost ent

warning is in effect from morgan city, louisiana, to the alabama/florida border, including new orleans. evacuations have been ordered in some low-lying areas. meteorologist david bernard of our miami station wfor has the latest. >> as it continues to move through the gulf of mexico, and all indications are that isaac will make landfall on wednesday, potentially as a category 1 hurricane and only slowly move across the mississippi river valley late wednesday into thursday before finally weakening. the satellite picture is indicating that isaac is very close to becoming a hurricane, and that should happen overnight into the morning hours. and as we continue to look at the threats that the storm is going to pose, storm surge will be a big threat. anywhere along the louisiana coastline, mississippi to alabama and even places as far east as the florida panhandle could have a problem with storm surge inundation. in addition to that, rainfall will be a major threat because the storm is so slow-moving. we could see up to a foot of rain in some areas. locally in extreme cases, rainfall amounts could approach 20 inches. that is your update on isaac. for cbs news in miam

morgan and and goldman sachs in favor for companies like wal-mart and surprisingly facebook and what is it forgot the name sorry david kuo from the u.k. is investing advisor the motley fool explains why. why would i want to invest in the banks when i can invest in something that is easier to understand and wal-mart is one i think another one of the sources interested in is general electric g.e. i mean these are easy companies to understand so why would you want to make a difficult we're so interesting in the sausage machine and what you have is a sausage machine you put in sausage meat at one end and hopefully sausages come out the other similarly when you put money in one side our money and then hopefully you can convert that into a more profit money or you can go to do that but what they're finding out now is they've got money and nothing comes out the other side people are very disgruntled so you can get the idea of just how bad things are in the financial market if soros is choosing facebook over financial stocks dimity with nine hundred plus million active members on facebook someone is going to be able to buy s