Will the U.S. Get a Digital Dollar?

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 10 March 2022

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Global equity markets surged Wednesday on reports Ukraine is open to negotiating a compromise with Russia. Kyiv made clear it would discuss neutrality with Moscow but that it would not give up territory. Prices for commodities, including crude oil, natural gas, and wheat retreated. Gold, a favorite of today’s Real Vision Daily Briefing guest Jared Dillian, also backed off recent highs. Meanwhile, the Biden administration is establishing a cryptocurrency policy, with the president issuing an executive order directing federal agencies to work together around six key areas: consumer and investor protection; financial stability; illicit activity; U.S. competitiveness on a global stage; financial inclusion; and responsible innovation. The Department of Labor reported there were 5 million more job openings than available workers in January, another sign of a historically tight employment situation in the U.S. Dillian, editor of The Daily Dirtnap, joins Real Vision’s Ash Bennington to talk about Eastern Europe, gold, digital assets, and inflation pressures. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/366SvTO Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome aboard this Air France podcast message. Air France and its crew invite you to discover
0:09.4	its business class cabin, where you can enjoy a full flatbed. For even more comfort, an
0:16.0	ultra soft duvet and pillow are at your disposal. Air France wishes you a pleasant podcast.
0:23.4	Air France. Book your business class tickets now at france.co.uk
0:35.4	Welcome to the real vision daily briefing. It's Wednesday, March 9th, 2022. I'm Ash Bennington joined
0:41.8	today by Jared Dillion of the daily dirt nap. Here's what's happening. Stocks up oil down. That's
0:47.4	the summary. Let's take a look at these numbers here because we've seen some momentum here. I doubt
0:51.4	Jones industrial average settling out the day 33,285 up exactly 2% on the session S&P 500 up more than
1:00.8	2.5% on today's trading session closing out the day 4,277 NASDAQ up nearly 3.6% on the day 13,255
1:14.5	Russell 2000 a shade under 3% up on the day closing out at 2,021 VIX down almost 8.5%
1:25.6	settling down here. It looks like 32 spot 16 oil off 11% on the day closing out right now looks
1:34.6	like 109 spot 70 called about 110 bucks a barrel. Lots going on in the world. Jared Dillion
1:42.3	welcome back to the show. Always a pleasure to have you especially on a day with such an active
1:46.5	trading. Yeah, I'll try to help, but you know, I just just another idiot here.
1:53.3	Our longtime viewers know that is not true. You were a guy with decades of experience trading
1:59.0	these markets. Headline numbers here obviously a lot of momentum. Some new stories coming out of
2:03.9	Ukraine. How do you process it? How are you thinking about what happened today?
2:08.2	You know, it's funny because I don't really consider myself a technical analyst, but
2:14.2	over the last I would say three weeks I've been pretty heavily focused on the charts
2:19.9	to look for a turning point in stocks and commodities and everything else.
2:23.4	One thing I pointed out yesterday on Twitter is that I said that commodity markets typically make
2:31.4	V tops and stocks typically make V bottoms. But when commodities bottom, they don't make a V
	...

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