Whispers of Tax Hikes Spook Stocks - Plus Defining "The New Normal"

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 23 April 2021

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

DB-Apr23,2021: Real Vision managing editor Ed Harrison and editor Jack Farley tackle the whispers of a capital gains tax hike on America’s wealthiest investors, which triggered a midday sell-off in U.S. equities. Harrison analyzes the progress of global vaccination efforts to curb the spread of COVID-19 and argues why he believes the “fourth wave” of COVID-19 in the U.S. is very unlikely to destabilize the economy. Harrison shares with Farley how he sees industries evolving their businesses in a world that is fully re-opened yet still wracked by infection risk, something he terms “the new normal.” This conversation leads to Farley’s analysis of the earnings reports of Southwest Airlines Co ($LUV) and American Airlines Group ($AAL). Lastly, Farley and Harrison take a brief detour into Dogecoin as well as commercial real estate. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Granny and Grandpa had their hearts set on getting Jess a drum kit for her birthday.
0:05.0	And because they bought it on their Barclay Card, they were rewarded too.
0:09.0	It was music to their ears.
0:11.0	Same can't be said for mum and dad.
0:14.0	What you buy is your business.
0:16.0	Rewarding you is ours.
0:18.0	Search Barclay Card to find out more about our range of rewards cards.
0:21.0	Barclay Card. Make money work for you.
0:23.0	28.9% APR representative variable.
0:26.0	Subject application, financial circumstances and borrowing history.
0:29.0	Season C's apply.
0:42.0	The market gets spooked by whispers of an increase in the capital gains tax rate.
0:46.0	Plus, as the economy reopens, what will a new normal look like?
0:50.0	For all this and more, I'm joined by Real Vision Managing Editor Ed Harrison.
0:54.0	Ed, welcome back to the Daily Briefing. How are you doing?
0:57.0	I'm doing well, Jack.
0:59.0	Second time in a week for you and me.
1:01.0	I know we should make a habit of it.
1:03.0	Definitely.
1:05.0	Ed, so we're filming at 406 PM right now.
1:09.0	The market's just closed.
1:11.0	I guess the story of the day, if we had to choose, would probably be the rumors of tax hikes, specifically on those capital gains.
	...

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