Trump COVID Positive, Job Prognosis Negative – Ep 616
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 3 October 2020
⏱️ 52 minutes
🧾️ Download transcript
Summary
Possibility of a President Pence becomes more probable.
Deregulation and lower taxes would stimulate the economy.
Consumption is the caboose; production is the engine that moves the train forward.
California will need a Federal bailout to pay reparations for the slaves they never had.
Princeton placates mob and gets caught in a lie.
BitMEX founders indicted on criminal charges.
Coinbase bans political discussions.
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Transcript
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| 0:00.0 | What's up, Peter Schifzscho? |
| 0:09.2 | Today's episode of the Peter Schifzscho podcast is sponsored by ExpressVPN. |
| 0:15.2 | Did you know that your internet service providers, like Comcast of Verizon, know every single |
| 0:20.8 | website you visit? |
| 0:22.6 | Use my exclusive link, expressvpm.com slash gold, and you can get an extra three months |
| 0:29.1 | free on your one year package to express VPN. |
| 0:33.9 | Well today's jobs report, the last jobs report before the presidential election was overshadowed |
| 0:45.2 | by the early morning announcement that both President Trump and First Lady Melania |
| 0:52.9 | have tested positive for COVID-19. |
| 0:57.6 | The initial reaction was a swift sell-off in the stock market. |
| 1:03.2 | There was a bit of a rise in the price of gold because gold was down about ten bucks |
| 1:07.8 | before the news came out. |
| 1:10.0 | It rallied positive, but never really had a big gain. |
| 1:14.7 | The stock market though recovered the losses that it had early on. |
| 1:19.0 | It spent most of the day rallying back. |
| 1:21.9 | The Dow though did finish down about 134 points, but still kind of close to the highs of |
| 1:28.4 | the day. |
| 1:29.4 | S&P percentage wise down a little bit more, almost 1% the Nasdaq, that was the big loser |
| 1:36.0 | down to and a quarter percent on the day. |
| 1:39.2 | So recovering, but then selling off into the close. |
| 1:44.2 | The US dollar didn't make much of a move slightly higher on the day as were Treasury |
| 1:51.1 | bond prices. |
... |
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