The Beginning of Universal Basic Income, What Are Your Thoughts with Michael Batnick
The Compound and Friends
Josh Brown
4.7 • 2.2K Ratings
🗓️ 17 July 2020
⏱️ 48 minutes
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| 0:00.0 | Hey guys, it's J.B. on today's show. We are in an emergency situation and we must act now to prevent the ruin of millions of lives. |
| 0:12.0 | Only fiscal policy can address this. I'll explain |
| 0:15.0 | exactly what's going on and what I think needs to be done about it. Plus we're |
| 0:19.2 | going to play what are your thoughts with Michael Batnik. We look at stocks underperforming gold, Elon Musk getting |
| 0:25.1 | richer than Warren Buffett, whether or not the S&P 500 Index Committee has to add Tesla and how big of a |
| 0:32.2 | waiting will it be so much more so much to get to play the music let's get into it |
| 0:39.6 | Welcome to the compound show with downtown Josh Brown Josh Josh is the CEO of Ritholt's |
| 0:43.8 | wealth management. All opinions expressed by Josh or any podcast guest are |
| 0:47.2 | solely their own opinions and do not reflect the opinion of Ritholt's |
| 0:49.9 | wealth management. This podcast is for informational purposes only and should not be relied upon for investment decisions. |
| 0:55.0 | Clients of Ritholz wealth management may maintain positions in the securities discussed in this podcast. |
| 1:02.0 | Okay, all right. What if I told you that many years from now we would look back at the |
| 1:09.1 | Trump administration as the administration. Are you surprised by that? Well, it's already in the works. We have this |
| 1:26.2 | very peculiar set of circumstances of having the worst pandemic in 100 years |
| 1:32.1 | occurring right in the middle of an election year and that is what's |
| 1:36.6 | about to bring this about. Let's get into initial jobless claims. So we learned today initial jobless claims are higher than expected. |
| 1:46.0 | 1.3 million people told their state's government that they are newly unemployed. |
| 1:52.0 | That's higher than what economists were expecting. that they are newly unemployed. |
| 1:52.6 | That's higher than what economists were expecting. |
| 1:55.4 | The estimate was 1.24 million. |
| 1:57.7 | But that 1.3 million also matches |
| 2:00.4 | the previous week's total. |
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