President Elect Joe Biden and Vice President Elect Kamala Harris will be sworn in at the capital at approx. 12pm est today, Wednesday, January 20, 2021. It has been reported that they will be sworn in at Capitol Hill outside to a small audience of 2,000 invited only guests (socially distancing) because of Covid-19 protocols.
President Donald Trump has already vacated the White House earlier this morning at 8am est, Wednesday, January 20, 2021. Making a smooth transition for the incoming President (Joe Biden) to occupy the “People’s House”, the historic White House. -SB
1) This year’s elections are revealing some interesting things about the new young voters and the society they want. Voters are backing legalized drugs, higher wages and voting restrictions. In Oregon, they have eliminated all criminal penalties for possession of hard drugs. Four other states legalized recreational marijuana. Voters continue to support higher wages with minimum wage settings in states, with Florida raising their minimum to $15 an hour. Abortion encountered more restrictions on the state level. Several states adopted measures, including constitutional amendments, to limit voting rights to U.S. citizens only.
2) The White House task force is warning that new cases of Covid-19 are increasing ‘exponentially’ despite President Trump’s claims that the pandemic would vanish on November 4. Rising case numbers, hospitalizations, and deaths nationwide are causing the task force to sound dire warnings. Recommendations are 1) Do not gather without a mask with individuals living outside of your household, 2) Always wear a mask in public places and, 3) Stop gatherings beyond immediate household until number of cases and positive tests have decrease significantly. The task force is warning states and universities/colleges of the risks during the up coming holiday season and the increase risk of spreading of the virus. States with the highest number of new cases per 100,000 are North Dakota followed by South Dakota, Wisconsin, Montana, Wyoming, Iowa, Alaska, Nebraska, Utah, and Idaho. Vermont remains the state with the lowest number of new cases.
3) Renowned investor Warren Buffett’s (Berkshire Hathaway CEO) favorite market indicator nears record high, signaling stocks are overvalued and riskier than ever for investing. His indicator takes the total market capitalization of a country’s stocks and divides it by quarterly GDP in order to compare the stock market’s valuation to the size of the economy. Currently that’s 168% which signals a record disconnect between asset prices and the economy, and a warning to investors to exercise a great deal of caution towards equities as an asset class. The stock market has never been as expensive as it is today, and not only does this mean that forward returns will likely be exceptionally poor, it means that downside risk has also never been greater than it is today. This indicator also soared before the dot-com bubble burst and surged in the months leading up to the 2008 financial crisis.
4) Stock market closings for – 5 NOV 20:
Dow 28,390.18 up by 542.52 Nasdaq 11,890.93 up by 300.15 S&P 500 3,510.45 up by 67.01
1) After Amazon’s Prime Day was postponed by the virus in July, it was tentatively reset for the fourth quarter. Amazon didn’t want their Prime Day to overlap with Black Friday, which set an upper limit to the date, so now the company is planning for the 13th and 14th of October. Prime Day is a very big retail day for Amazon, with their 2019 Prime Day grossing about $6 billion dollars in sales.
2) Another round of stimulus still remains on the burner and with the fall elections now closing in, both sides are saying they want a new stimulus bill with a second direct payment to the people. But the bill remains in limbo with no agreement on the details of the bill. The question on everyone’s minds is the direct payment checks to the people and how much they will be. No settlement on that question, but the rumors are this one will be based on each person’s income instead of the single lump sum of last time, with an upper limit of $1,200 per individuals. Only time will tell how much, or even if there is a personal payment, because if not passed before the elections, the possibility of passing will rapidly decrease.
3) The coronavirus has been a big stimulus for e-commerce from the stay at home shopping it stimulated, but surprisingly the home shopping boom has also been a boom for the shipping industry. Those huge ocean going ships stacked high with intermodal containers, their transpacific sea freight shipping rates have been sent to the highest on record, helping the container shipping industry in Asia. Household appliances imports have jumped 51% in August from last year, climbing for a third consecutive month. Shipments of computers, notebooks and other associated electronic gadgets has soared 169%. This increase consumer demand has shipping rates almost triple from this year’s low in March, when the pandemic led to border closures and a near halt in economic activity. With much of the world’s people housebound, the demand for electronic goods and do-it-yourself items has skyrocketed. There is also the coming Christmas holidays and therefore the stocking up in anticipation of sales.
4) Stock market closings for – 22 SEP 20:
Dow 27,288.18 up 140.48 Nasdaq 10,963.64 up 184.84 S&P 500 3,315.57 up 34.51
Former Vice President Joe Biden has chosen California Senator Kamala Harris as his Vice Presidential candidate. Senator Harris was a presidential candidate during the 2020 Democratic primaries but fell short in clinching the nomination, which eventually went to VP Joe Biden.
Senator Harris will be the first woman of color on a major presidential ticket in US history. She will be the third woman on a major presidential ticket in US history. Ms. Harris is of Indian and Jamaican decent. Her mother is Indian and her father is from Jamaica.
Before becoming a VP prospect, she is currently one of the two senators representing California in the US Senate; prior to that Ms. Harris was California’s AG, and early on in the beginnings of her political career; she was San Francisco California’s AG. Senator Harris is currently married with two step children. -SB
We’re back for another episode. Sammy BE @EcoFireTV, James, Lyman & Jon Don Sterling “On The Boards” @TheDramaBlock.
The trio had the pleasure to interview Nigeria’s media platform ObjecTvMedia’s Shomade Olwaaegun @Objectvmedia. He was able to describe what was going on the ground, in the recent Presidential/National Assembly elections in Nigeria.
Shomade was able to give a detailed account
and opinion on the respective candidates for the Nigerian presidency and
what the two major parties APC & PDP were doing to court youth
voters, and what INEC was doing to make sure that elections throughout
the country was free, fair and credible.
This is a must listen to episode, in its truest form.
President Muhammadu Buhari has won reelection for the presidency of the Federal Republic of Nigeria. He won with over 3.9 million popular votes.
President Buhari the incumbent, won the majority of the North East, North West, and South West states, he also took home the majority of the middle belt states.
The former Vice President Alhaji Atiku Ababakar, the oppositional presidential candidate won South South, South East majority states.
This was a well contested election with many analysts & spectators citing President Buhari having a tough battle winning reelection.
It seems that the President Buhari had managed to beat the odds overall. International observers indicated there was an increase of violence during the campaigns and as it became closer to the presidential/national assembly elections, but during the election day votes seemed to be collated orderly. -SB
1) Russia stands to be the beneficiary of the Iran oil ban from newly imposed sanctions, with Moscow taking over Iran’s customers while defying sanctions to import Iranian oil. Although Russia-Iran trade will be by barter only, there will still be high profits for Russia.
2) The Democrats taking control of the House probably means no new consumer legislation because of expected ‘grid lock’ of the legislative branch, meaning little to no new regulation of lending, student loan debt, service and financial protection. No new taxes are expected by business, which should therefore continue economic stimulation.
3) Price of oil sinks from the swelling of US oil inventories. There is too much supply with more oil coming into the market too fast.
4) 7 NOV 18 Stock market closings: The Dow exploded over Tuesday’s election results.
Dow 26,180.30 up 545.29
Nasdaq 7,570.75 up 194.79
S&P 500 2,813.89 up 58.44
UK elections are drawing closer, and the British pound is very volatile as the elections progress in the country. The pound sterling dissipated this past Friday, (May 26th, 2017) as new election polling data from the United Kingdom, showed that Prime Minister Theresa May was in the forefront of the general elections by a mere 5 points. During the course of 2017, Prime Minister May had been leading her challengers by over 20 points. The drop has been placing the sterling silver on a roller coaster ride.
May who has a majority currently in national parliament and local branches of government, is now seen as not being able to hold a wider majority throughout the country as anticipated. If this becomes a reality then the Torres (Prime Minister May’s party) will have a smaller faction, then they had in 2015-2016 elections; which can then translate in a downward trend for the currency. -SB
President-Elect Donald J. Trump, is the 45th President of the USA….. All votes counted, he won fair and square. It is what it is, a divided country must now unite behind our President and more importantly we must UNITE AS A WHOLE!!!!!!!
Best country on the face of the Earth!!!!! LET FREEDOM RINGGGGG