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Market Mondays

How War is Affecting the Current Markets

Market Mondays

EYL Network

Investing, Entrepreneurship, Business

5.04.1K Ratings

🗓️ 3 November 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

In this clip, we're going to discuss the current market conditions and how war is affecting them.


As the world continues to head towards more conflict, the markets have responded by going down. We'll discuss the factors that are contributing to this downturn, and how you can protect your investments. If you're concerned about the current market conditions, this video is for you! #war #market #investing



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Transcript

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0:00.0

All right, we talk about this situation that's been going on in Gaza, and it's just increasingly getting worse by the day.

0:07.0

So China sent six warships to the Middle East to have a presence there.

0:17.0

America sent the biggest battleship in the world over there. Joe Biden, he got on TV and asked for $105 billion for Ukraine, Israel, border protection, it's like a jumbo deal, Taiwan, just like combo

0:39.6

package.

0:40.6

Okay, where are we at? package. Yeah. Okay.

0:43.0

Where are we at with the geopolitical conversation for the week?

0:48.1

When it comes to China, China, they condemn the U.S.

0:52.0

The U.S US actually vetoed a UN resolution for ceasefire. The US vetoed it. Mostly every other country in the world wanted it to happen,

1:06.7

but the U.S. didn't want that to happen. And China said that they were deeply disappointed

1:11.6

after the U.S. blocked the Gaza resolution at the UN.

1:15.6

And as a result, Israel has continued its airstrikes.

1:21.6

So, all right, China, where they,

1:25.2

how are they figuring in this situation?

1:29.6

For me, last week, I said, one of my biggest concerns

1:31.9

is if China decides to get involved in the conflict,

1:35.7

as usual, I'm going to stay away from all political commentary, especially as I'm campaigning, shaking hands and kissing babies.

1:44.0

I would do want to talk about the stock side of it, though.

1:47.0

I do, if this is not solved within the next two to three months.

1:56.0

It could be disastrous for our economy

1:57.9

and it will send the stock market into a tailspan.

2:00.9

A few people were asking me last night,

2:02.3

like do I think earners will be great. I'm like the earnings

...

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