EFR PODCAST EP. #32: TAX SZN

We’rrreeeeeeee back new episode of the EFR Podcast with your hosts Businessman Bassey (Sammy BE) @Ecofiretv, James Lyman @ObsoletePeople (finally getting a twitter handle), and on the engineering boards Jon “The Don” Sterling @TheDramaBlock.

The trio discussed the tax season in the U.S. of A, month of April, as well as topics ranging from President Donald J. Trump’s tax returns, American citizen having to pay taxes (or if you don’t want to, face the penalty & consequences), @ YOUR OWN RISK, of course.

As well as topics, such as Herman Cain & Stephen Moore possibly being nominated for the prestigious Federal Reserve Board; then both gentlemen dropping out from the nomination process; and plenty of more economic, financial and business discussion topics…..

This is a must listen to episode, for your ears…

As always #BEBless #StayBless #GODBLESS #RealRecognizeDeal

Check Out Our Online Platforms:

1) www.instagram.com/EcoFireTV (Sammy BE)
www.twitter.com/EcoFireTV

2)www.twitter.com/ObsoletePeople (James Lyman)

3) www.EconomicandFinanceReport.com (Economic & Finance Blog)

4)@Economic-FinanceReport (Podcast/Online Show)

5)www.youtube.com/channel/UCWZo5bug…Nlb2VRfDCQ/videos (EFR.Tv Youtube)

6)www.SammyBuysHomes.com (Real Estate Investment)

7) www.TraderSoul.com (Financial Trading Website)

8 May 2019

1) Tomato prices could raise 40% from U.S. withdrawing from trade pact with Mexico, called the Tomato Suspension Agreement which expires this Tuesday. This will trigger duties of more than 17% on tomatoes coming from Mexico. Tomatoes from Mexico are selling below domestic production cost.

2) The Dow Jones slid down 648 points, before rising to 473 points on closing, over news that America will impose higher tariffs on Chinese goods late this week. The Nasdaq and S&P 500 also experienced similar significant drops over fears of a full blown trade war with a down turn in global growth and a drop in China’s GDP.

3) Analyst say that a breakdown in the semiconductor field is a warning sign that a trade war with China is coming. This industry is more sensitive to U.S. – Chinese trade tensions. Watch the Philadelphia Semiconductors SOX index, for if the index falls below about the 1,430 level, that indicates trouble.

4) 7 MAY 19 Stock market closings:

Dow             25,965.09    down    473.39
Nasdaq         7,963.76    down    159.53
S&P 500        2,884.05    down      48.42

10 Year Yield:    down   at    2.45%

Oil:    up   at    $61.44