#EFRPOD Ep. #35: END OF THE YEAR WRAP UP 2019 Feat. JONATHAN TORRES (Youtube Edition)

The #EFRPod last episode of the 2019 year; Sammy BE @EcoFireTV, James Lyman @ObsoletePeople & Jon “Da Don” Sterling @TheDramaBlock, closed 2019 stronger then ever….

The trio had the wonderful pleasure of interviewing a dynamic individual in the marketing and promotional game. Jonathan Torres of 1PR Branding @torres1pr; came on the show to break down the public relations, marketing, advertising, publicity & promo game.

He enlightened #EFRPodcast on how he flipped the water biz into the hip hop media game, while making a lot of money from it all. #EFRPodcast @ecofiretv @obsoletepeople (twitter handle of James Lyman, no IG sorry y’all 🤔) & @thedramablock on the boards; also finished the year stronger as ever, However 2020 will be stronger than 2019, believe that.

The guys spoke on business, economic and financial related topics of the 2019 calendar year, and they also discussed what to expect for the 2020 fiscal year, as it relates to business, the economy and finance. 2020 definitely seems to be promising and more insightful then the last.

#EFRPodcast wants the people to stay tuned for more excitement interviews, business, financial & economic news reporting for the new year….

2020 Let’s Go Get Em’, Cheers Happy New Year #EFRPOD #EFRPODCAST

As always “WE ALL HAVE A VOICE & A OPINION, IT’S JUST HOW U USE URS”

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) soundcloud.com/Economic-FinanceReport (Podcast/Online Show)

5) www.youtube.com/channel/Economic & Finance Report EFRTV (Youtube)

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

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

26 February 2019

1) British farmers and produce workers divided over how Brexit could effect trade. Produce imports comes mostly from European Union and many of the produce workers in Britain are foreign. There are just 32 days left until Brexit automatically happens.

2) Rwanda is being courted by invertors amidst booming economic growth. The government is stable with 7% growth last year and 7.8% growth expected this next year. With the $2 billion dollars invested so far, there are now thousands of new jobs.

3) Fears of sub-prime mortgages could cause another 2007 bubble bust which then caused the 2008 economic crash world wide. Presently, 21% of those sub-prime mortgages are five years without payment because the word got out that mortgage companies were not foreclosing.

4) 25 FEB 19 Stock market closings:

Dow               26,091.95    up    60.14
Nasdaq            7,554.46    up     26.91
S&P 500            2,796.11    up      3.44

10 Year Yield:    up   at    2.67%

Oil:    down   at    $55.42

28 January 2019

1) This next week, the markets promises to be positive because the big high-tech companies will be releasing their accounting statements with anticipation of healthy profits.

2) Germany announces it will close down all its coal fired power plants by 2038, which presently generates about 40% of Germany’s electrical power.

3) Facebook announced its plan to integrate it’s Whatsapp, Instagram and Messenger services so they can argue that the three are the same service, thereby avoiding anti-trust allegations and possible actions aimed at breaking up monopolies.

4) 25 JAN 19    Stock market closings:

Dow                    24,737.20    up    183.96
Nasdaq                 7,164.86    up      91.40
S&P 500                2,664.76    up      22.43

10 Year Yield:    up   at 2   .75%

Oil:    down   at    $53.55

22 January 2019

1) The new Congress may have profound future economic impact for America. New members of the Financial Services Committee includes members of the radical left of the democratic party, with very little experience in fiscal matters, but having a strong socialist agenda for reforms to the banking system. Fears for the impact are growing as these members expound on their desire to eliminate big banks in America.

2) Brexit is having an effect on British consumer spending. Reduce retail spending with retail sales falling 0.9% over concerns for consequence of Brexit uncertainty. Consumer spending had been strong during the summer of 2018.

3) Netflix is burning through its cash at a staggering rate to pay for their blockbuster original hits, having spent $3 billion dollars for productions in 2018. Their negative cash flow is expected to accelerate in 2019, but they are still adding new subscribers. All this to remain competitive with the other subscribers of Amazon, Hulu and Google with Apple, Disney and Warner Media also entering the market.

4) 18 JAN 19 Stock market closings:    China announced spending spree of America products, bumping the markets upward.

Dow                    24,706.35      up    336.25
Nasdaq                 7,157.23      up      72.77
S&P 500                2,670.71      up      34.75

10 Year Yield:    up   at   2.78%

Oil:      down   at    $53.76

18 January 2019

1) The question of ‘monopoly’ for the large tech companies is starting to come to light as a results of congressional questions about the power and influence of such companies as Amazon, Facebook and Google.

2) There are four major retailers on ‘death watch’ for 2019, and they are Barns & Noble, Kmart, JC Penny and Sears. This is particularly important concerning the viability of a consumer based economy.

3) There are talks circulating around Washington of easing the tariffs on China. However, there has been little progress in negotiations, in particular issues of intellectual property.

4) 17 JAN 19    Stock market closings:

Dow               24,370.10    up    162.94
Nasdaq            7,084.46    up      49.77
S&P 500           2,635.96    up      19.86

10 Year Yield:    up   at    2.75%

Oil:    up   at    $52.15

21 December 2018

1) There are suggestions that people shouldn’t be worried about the stock market, rather they should worry about having a job with the possible weakening of economy.

2) Markets fell with the announcement of Feds raising interest rate. There are forecast of fewer raises for 2019, with four raises already having been made for 2018, with an interest rate of 2.5% at the close of the year. Amidst this is worries of a slower economy in 2019 from President Trump’s spending, the effects of the $1.5 trillion dollars tax cuts fading and global economic slowdowns.

3) Fears mount over pending government shutdown as the Congress and President grapple over the $5 billion dollar expenditure for border wall.

4) 20 DEC 18 Stock market closings:     All three market indices have lost over 10% in December.

Dow        22,859.60 down 464.06
Nasdaq               6,528.41 down        108.42
S&P 500      2,467.42        down 39.54

10 Year Yield: up at 2.79%

Oil: up at $46.36

7 December 2018

1) The arrest of a top Chinese executive of Huawei, a major Chinese high technology company, caused world markets, including the Dow, to fall.  The Dow dropped 777 points before news that the Feds planned to slow down on increasing the interest rate was announced.

2) Research finds that millennials don’t have the money to spend that previous generations had.  The assumption has been a shift in spending habits, but with a millennial male making $6,600 dollars less than 1978 men, it appears they just don’t have the disposable income.  Working women haven’t made up the difference, opening the question about the future viability of our hyper-consumerism economy.

3) The EPA is expected to rollback back emission standards allowing coal fire powerplants to operate again without having to remove the carbon dioxide from burning coal.

4) 6 DEC 18     Stock market closings:

Dow                24,947.67         down      79.40
Nasdaq             7,188.26               up      29.83
S&P 500            2,695.95          down        4.11

10 Year Yield:     down   at   2.88%

Oil:    up   at     $51.52

29 November 2018

1) America had the fastest expanding GDP by growing 3.5% in the third quarter. The Feds hint that they might hold interest rates at present level, which would further stimulate growth.

2) There are threats of a partial government shutdown next week over funding for the border wall, the shutdown coming one week from this Friday.

3) Google is facing a $4 billion dollar fine for using smart phones to track people without their consent.  Last May, Europe passed regulations controlling the use of digital technology with people, which allows them to level such a large fine. The American Congress is considering similar legislation to regulate the digital industry.

4) 28 NOV 18   Stock market closings:   Biggest Dow rally in eight months.

Dow                    25,366.43            up         617.70
Nasdaq                 7,291.59            up         208.89
S&P 500                2,743.79            up           61.62

10 Year Yield:      down    at     3.04%

Oil:     up    at     $50.52

28 November 2018

1) There are reports that Apple stock holds key to end market slide, that the markets can’t turn around until Apple is going up, because the markets are being driven by the tech stocks, and Apple is the lead technology stock.  In the last two months, Apple stock has lost 25% of its value.

2) While home values have continued rising, the gains have shrunk to their lowest amount in the last two years.

3) Economy tiny houses are being offered in Silicon Valley costing $280,000.  The houses are prefabricated units.

4) GM has spent $10 billion dollars in buying back its stock, but then cut jobs to save $4.5 billion dollars.

5) 27 NOV 18      Stock market closings:

Dow                24,748.73     up      108.49
Nasdaq             7,082.70     up          0.85
S&P 500            2,682.17     up          8.72

10 Year Yield:     down    at    3.06%

Oil:     up    at     $52.02

26 November 2018

1) The government released a report on climate change and the adverse effects to be expected.  The US GPD may decline as much as 10% by 2100. It acknowledge that the US is not the only driving force of global warming, as of now, not a single G20 country is meeting their climate targets.  The costs of climate change could reach hundreds of billions of dollars annually, with agriculture predominate where farms may produce 75% less corn and 25% less soybeans.

2) The Dow may drop another 2,000 points before market selling is done.  The US economic growth could be cut in half this next year over fears of consumer demand declining.

3) A family feud threatens Campbell’s dynasty as soup sales tank, with one cousin complaining to another cousin that he didn’t have any confidence in the company management, which precipitated a feud.  Shareholders vote next Thursday, that will determine if Campbell’s will remain a family dynasty.

4) 23 NOV 18    Stock market closings:     Drop in oil prices causes drop in stock markets.

Dow                         24,285.95         down         178.74
Nasdaq                      6,938.98         down            33.27
S&P 500                     2,632.56         down            17.37

10 Year Yield:      down   at    3.05%

Oil:    down   at    $50.39