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)

THE CAST PODCAST EPISODE #4: MONEY, MEDIA & MANAGEMENT Feat. MELINDA SANTIAGO (SANTIAGO FIRM)

THE CAST PODCAST… Back at it again, with another banging episode for your ears. Sammy BE @EcoFireTV & Luisa L. @LuisaModels, along with Jon Don Sterling “On The Boards” @TheDramaBlock.

On this podcast episode, we had a special guest interviewee. Our guest happens to be a super manager in the music and entertainment game, her clientele ranges from Bobby V. (Bobby Valentino), Houston, Texas rap legend Scarface (Gheto Boys), R&B duo group Ruff Endz, as well as her other major accolades; we were able to interview Ms. Melinda Santiago from (The Santiago Firm).

Melinda was able to give THE CAST PODCAST, insight into the music biz and particularly on how she runs her business. She provided context of what young artists (Millennials, Gen Z) need to do to be heard and gain exposure to a global audience.

She also provided the ups and downs of the entertainment business, and the struggles women have in the music business; but also the strong backbone she has, to be able to survive and progress in this male dominated business and industry.

This is an episode you surely do not want to miss.

As always #BEBless #StayBless #GODBLESS #RealRecognizeDeal

Online Platforms To Check Out:

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

2) www.instagram.com/LuisaModels (Luisa L.)
www.twitter.com/LuisaModels

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

4) www.soundcloud.com/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)

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

23 November 2018

1) Global economic slowdown is due to rising interest rates and the trade war. The international slowdown is faster for other nations than for America, while England’s growth rate is slowing because of the additional problem of Brexit.

2) Government funding may run out on the seventh of December, when Congress might shut down the government over the boarder wall funding.

3) Worries are growing about high corporate debt, which might cause economic problems in the future, with corporate debt now totaling nine trillion dollars. Furthermore, increasing interest rates on debts may pull corporations down who are unable to service that debt. Corporate debt has double over the last decade.

4) 21 NOV 18    Stock market closings:

Dow                        24,464.69       down        0.95
Nasdaq                     6,972.25             up     63.43
S&P 500                    2,649.93             up       8.04

10 Year Yield:      up   at     3.06%

Oil:       up    at      $54.72

16 November 2018

1) Sudan is experiencing a sever cash availability problem because of its ongoing economic crisis, a result of taking their currency off the Pound (fixed exchanged rate) and letting it float.

2) England’s prime minister Theresa Mayhem is facing strong opposition to her proposed Brexit plan agreed to by negotiators.  Most of the English parliament is voicing opposition to the plan, plus two cabinet ministers have resigned in protest.  Britain will depart the EU (European Union) on 29 March 2019 regardless if an exit agreement has been agreed upon or accepted.

3) Electric scooters, two wheel skate boards with an electric motor, is a hot booming market growing across the country, with profits expected to follow.

4) 15 NOV 18       Stock market closings:

Dow                           25,289.27     up     208.77
Nasdaq                        7,259.03     up     122.64
S&P 500                       2,730.20     up       28.62

10 Year Yield:     unchanged   at    3.12%

Oil:    up   at    $56.53

12 November 2018

1) Retailers plan for a blockbuster holiday season in sales that will top $1 trillion dollars for the first time this year.

2) China has an un-occupancy rate almost twice that of any other advance Asian country or the US, with 50 million homes unoccupied or 22% houses empty.  This is a result of property speculation coming up short.

3) Oil prices continue their downward slide, now down 20% from its recent peak. This is the 10th consecutive decline and matching the longest skid since 1984.  In turn, stock markets, both domestic and international markets have seen a decline in prices.

4) 9 NOV 18    Stock market closings:   Oil supply increasing as demand drops.

Dow                    25,989.30        down       201.92
Nasdaq                 7,406.90        down       123.98
S&P 500                2,781.01        down          25.82

10 Year Yield:     down   at    3.19%

Oil:       down   at    $59.87

9 November 2018

1) Eighteen states will increase their minimum wage starting in 2019, but eight of these states will have smaller initial increases with automatic increases that adjust the minimum wage to keep pace with price growth.

2) Amazon’s ‘Alexa’ has been reprogram to speak Spanish, so is being released for sale in Mexico as Amazon expands into the Mexican market.

3) The Federal Reserve has held interest rates the same, but signaled that most likely it will be increased this next month.

4) Amazon plans to split it’s new headquarters (HQ2) between two cities, Long Island City in New York and Arlington, Virginia.

5) 8 NOV 18     Stock  market  closings:

Dow                        26,191.22           up        10.92
Nasdaq                     7,530.88      down        39.87
S&P 500                    2,806.83      down          7.06

10 Year Yield:      up    at    3.23%

Oil:                    down    at      $60.74

31 October 2018

New article posted below titled “The Monopoly Game for Millennials”

1) The US government will issue $1.34 Trillion dollars of debt in 2018, the highest since the recession.  Debt issuance has jump 146% from 2017, with the 2019 debt issuance anticipated to be $1 Trillion dollars, and excesses of $1 Trillion dollars in the following four years.

2) Analysis say Sears mistake, that has resulted in its financial woes, was spending $6 Billion dollars for stock buy backs.  If that cash had been used to revamp stores, reduce Sears debt and for working capital, their financial crisis may have been averted.  Sears stock has lost 99% of its value and is now considered worthless.

3) Disney’s first cruise out of New Orleans was sold out in just one hour. Disney is the home port for the cruise ship, and other cruise lines are watching closely considering New Orleans as their port too.

4) 30 OCT 18    Stock   price   closings:

Dow                               24,874.64       up      431.72
Nasdaq                            7,161.65       up      111.36
S&P 500                           2,682.63       up        41.38

10 Year Yield:     up   at    3.11%

Oil:    down   at    $66.53

30 October 2018

New article posted below titled “The Monopoly Game for Millennials”

1) IBM announced it’s buying the cloud company Red Hat for $34 billion dollars. IBM, like other old guard technology companies, has been declining in value, it’s stock down 30% over the last 5 years. The old guards are buying up new high technology to bolster their standing.

2) European stock markets see a surge while China’s economy is still in a slump. Even so, the European market will have it’s worst month at the end of this month.

3) Oil prices are regarded as an indicator of the health of the worlds economics. Worries abound as oil prices continue their slide downwards.

4) 29 OCT 18    Stock   market  closings:

Dow                            24,442.92     down    245.39
Nasdaq                         7,050.29     down    116.92
S&P 500                        2,641.25     down      17.44

10 Year Yield:    up   at    3.09%

Oil:    down   at    $66.66