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Morning Somewhere

2024.08.05: Bee Stands For Bronze

Morning Somewhere

Burnie Burns and Ashley Burns

Society & Culture

4.9615 Ratings

🗓️ 5 August 2024

⏱️ 21 minutes

🧾️ Download transcript

Summary

Burnie and Ashley discuss Japan's stock market woes, predictions for the US markets, Iran & Israel conflict escalation, a generally bad week shaping up and bees wreaking havoc at the Olympics.Support our podcast at: https://www.patreon.com/morningsomewhereSupport the show

Transcript

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0:00.0

Fucker-up, fuckeroo!

0:03.0

Hey, we're recording the podcast.

0:06.0

Shut up.

0:07.3

Good morning to you, wherever you are, because it is...

0:12.4

Morning, September!

0:14.0

For August 5th, 20204.

0:17.5

My name is Bernie Burns. Sit right over there, the lady who said, why are you up so early?

0:27.4

Sasha Burns, everybody. How you doing, Ash? Yeah, good morning. Or for you, perhaps a good afternoon.

0:33.1

Yeah, I got up a little bit early this morning. I had some of my financial alerts.

0:38.7

I hope I'm pronouncing that correctly. It went off in the middle of the night, so went up and looked at some stuff. It will be an interesting day. This is, I'm going to make a prediction. Go ahead. Actually, you ready? Ready, make a prediction. You know how I enjoy my futurism. I do. It's going to be an interesting week. it's going to be an interesting week.

0:54.3

Why is that?

0:54.8

Probably shouldn't laugh at the end of it

0:55.7

because there's some pretty serious

0:57.0

stuff coming potentially down the pipe. Well, first of all, in the market today, the Japanese stock market tanked. They haven't officially labeled it a crash, but they're saying crashed in all the headlines. It's all this tech sell-off that's going on.

1:13.1

Crypto had like a massive drop. And we've been seeing this like these ripples, you know, in the

1:19.1

tech stocks for what a week or two at least. If you don't know, there's a dude named Warren Buffett,

1:23.1

and he is now, according to Bloomberg is now holding a record amount of cash,

1:27.8

which means he's out of everything. Not out of everything, I should say that. He's out of a lot of stuff more than he has ever been before. He's like a money guy, right? Like he's like a billionaire who's well known for, I don't know, his wisdom in investing or something like that. Yeah, that's him. Yeah. Yeah. Yeah. But so it could be, it could be, probably will be, according to all the indicators, a rough day in the U.S. stock market. One ray of sunshine in this is that the European stock market has opened already, and it isn't quite like, holy shit, bandwagon level that it, Japan would have been taken.

2:02.3

Okay. So it's not full panic stations.

2:03.9

And it's one of those things where it's like, is, you know, is Japan going to lead the U.S.?

2:07.6

Or has the situation in the U.S. led to what's taking place right now in Japan?

2:11.6

Who can say, Ashley? I think personally, somebody caught their dong on the cell one.

...

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