united states. federal reserve bank the european central bank the bank of england the bank of japan they are fifty sixty seventy percent leveraged. much more leverage than long term capital management ever was much more leverage than lehman brothers or bear stearns ever was there the most leverage hedge funds that we've ever seen in the history. fund skullduggery but it doesn't matter because they can print and buy back their own cycle profitless prosperity and then one day like wiley coyote over the cliff chasing the road runner there's a moment of recognition. so what we've got to do is identify the threats that we have. let it be an arms race. dramatic. very critical. to nation after white journalists were barred from attending a black community meeting in the us state of georgia signs read black press only for the gathering that was supposed to encourage people to get behind a single candidate for mayor in the city of savannah white reporters were denied entry while at least two black journalists and the publisher of a local african-american newspaper were allowed inside television cameras and recor

we could consider quantitative easing negative rates and then that was you know the united states federal reserve bank a tweet from the e.c.b. draggy negative rates have been quite successful he said he believes negative rates have been successful so far in helping the european economy when the. european central bank drag mentioned this i will say this is the stock six hundred bank shares they plummeted so i don't think investors were happy to hear this from the european central bank no bank stocks and you know since the era of reagan you know the financialization of the economy has become the dominant theme in global economics so work post manufacturing you know we entered into just a bank ponzi scheme economy globally that requires. continuous money printing as any ponzi scheme does so this idea of negative interest rates is the admission that simply printing money is not enough to keep the ponzi scheme going to have to confiscate money they have to confiscate money from people's accounts the negative interest rate is coming to your bank account soon as being done on the wholesale level right now be

there won't be any more interest rate increase in the united states this year and that especially bad news for big banks and well the federal reserve said it there are signs out that the economy won't be growing as fast in the united states or in europe and that causes this pressure against court in new york thank you. now to some of the other global business stories making the news right hailing company over has picked the new york stock exchange for its i.p.o. the listing is expected to go ahead in april and could value the company as high as one hundred twenty billion dollars making the i.p.o. one of the five biggest of all time also general motors says it will spend three hundred million dollars at its orion plant near detroit creating four hundred jobs the plan will make a new vehicle based on battery powered volt one point four billion dollars will go into other u.s. plans for three hundred new jobs earlier however g.m. had announced a string of plant closures and over forty thousand layoffs bag paid its management board members their first bonuses in four years and twenty eightieth's germany's because number handed out just

draghi pivot was a huge event a couple of weeks ago or whether it is the federal reserve here in the united states central banksdative, and that's the biggest supporter, secondary is the belief that a trade talk deal will be happening. obviously want to watch guidance now, i put up the earnings companies that came out today. companies that gave guidance here we already talked about fedex with the weaker macro. bmw talked about a soft 2019 it got hurt and the cards are all down over in europe. ubs talked about slower capital markets. specific stories there about the slower capital and business overall. samsung was talking about a sluggish smartphone business not terribly negative. we knew that it is flattish that was out there and, of course, ubs we saw what is going on there as well. general mills, i think the important thing is they had terrific commentary overall. let's look at where we are of the companies, there are six companies that have february ending quarters that we would consider roughly what we call the first quarter overall. fedex was a miss by 2% or 3% look who beat. autozone beat. costco beat. ad