#TheCastPodcast Ep. #19 feat. Maritza Merk @Maritza_Merk: Sister Soul-jah *New Ep. Alert*

#THECASTPODCAST ep. #18 feat. LiBand: Louisiana Bandman

#EFRPodcast Ep. #38 feat. Professor Helmut Norpoth: Model Gone Wrong!!!!

By: Economic & Finance Report

www.yotube.com/Economic&FinanceReportEFRTV

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9 February 2021

1) The 141 year old Chevron Corp. has built a $170 billion dollar fossil fuels empire that has made it synonymous with the oil and gas industry. Chevron, and many other petrochemical companies, may not be ‘oil-first’ companies in 2040. The climate crisis is forcing oil companies, large and small, to rethink their once reliable business models. Facing political and shareholder pressure, BP (British Petroleum), Shell and other European oil majors see the writing on the wall, announcing plans to gradually retreat from fossil fuels. Recently BP released a report forecasting that recoverable oil reserves will be as little as one fifth of today’s levels by 2050. Oil companies are embracing clean energy including electric vehicle charging and renewable energy. But Chevron is not banking on solar and wind energy.

2) The era of gasoline powered automobiles is coming to an end faster than anyone expected. One of the questions that has long plagued automobile executives was whether motorists would be willing to switch to electric vehicles that typically require hours to charge. Automakers are forging ahead with plans to convert the majority of new car and light truck sales to electric by the 2030s. Batteries for power are so much more efficient, and there’s so many less moving parts, that there is less maintenance and repairs of cars. The only thing that holds it back is people are afraid they can’t take long road trips. But once they’ve shorten the charge to minutes and not hours, that’s a game changer. The production costs of electric vehicles are close to those of gasoline powered vehicles, and could go even lower. However, the fast chargers can cost $100,000 each. In addition, upgrading the power grid to handle the increased demand from electric vehicles is likely to be costly.

3) Technological investments has propelled Mexico in another direction giving the country a boost to being a most promising tech scene in Latin America. In turn, the US technology industry is taking advantage of this landscape to solve its shortage of qualified technological labor. Mexico has built a ‘tech hub’ of three cities- Guadalajara, Monterrey, and Mexico City, each having its own specialties and advantages that makes them unique. Mexico has several top tech universities, which is the keystone to being a tech hub. There are a lot of advantages to hiring remote workers in Mexico in addition to the savings U.S. companies will see.

4) Stock market closings for – 8 FEB 21:

Dow 31,385.76 up by 237.52
Nasdaq 13,987.64 up by 131.35
S&P 500 3,915.59 up by 28.76

10 Year Yield: down at 1.16% up by

Oil: up at $58.05

20 January 2021

1) There are growing fears of another stimulus package as the national debt grows. One measure of unemployment suggests Biden’s $1.9 trillion dollar stimulus plan may do more harm than good. The U-6 unemployment rate, a less popular reading than the commonly cited U-3, suggests additional fiscal support could be unnecessary. The gauge (which includes those only partially participating in the labor force) currently is at 11.7%. Five of the past six recessions saw higher readings. The coronavirus pandemic initially pushed the U-6 rate to a record-high of 22.9% in April, but easy monetary conditions and the $2.2 trillion dollar stimulus package brought the rate down in a matter of months. Still, there are serious questions about the long term stability of the world economics as nations struggle to pay off these huge national debts.

2) A new Covid-19 variant has been discovered in Brazil adding to the two newly emerged variants from the United Kingdom and South Africa. Brazil is one of the worst affected countries by the virus, where more people have died of the virus than anywhere else outside the United States. An urgent COVID warning says the worst months are still ahead, and is expected to get more people sicker faster. Infections and deaths are expected to continue increasing.

3) President-elect Joe Biden has an ambitious environmental agenda, with a principle goal of transitioning away from using fossil fuels. There are many questions just how this climate plan could affect the oil and gas industry in America. The new requirements include disclosure of climate risks from public companies, a commitment to end new drilling permits for federal lands, and to eliminate tax subsidies for the oil and gas industry. Tougher methane regulations to give incentives for Americans to buy cars that do not run on gasoline. It’s not just the big oil companies which can be hurt, for there are thousands and thousands of small companies making up the supply chain businesses, as well as the small independent wildcatters who are producing oil. But while oil is slowly recovering with prices above $50 a barrel, it is all in jeopardy if these proposals go into effect. Biden’s proposals could face stiff challenges from Texas officials and the oil and gas industry itself.

4) Stock market closings for – 19 JAN 21:

Dow 30,930.52 up by 116.26
Nasdaq 13,197.18 up by 198.68
S&P 500 3,798.91 up by 30.66

10 Year Yield: down at 1.09%

Oil: up at $53.17

#THECASTPODCAST EP. 16: LANSKY’S CORNER feat. LANSKY (YOUTUBE ED)

THE CAST PODCAST EP #16: LANSKY’S CORNER feat. LANKSY

PFIZER COVID-19 ANECDOTE 95% EFFECTIVE. SEEKS EMERGENCY APPROVAL TO DISTRIBUTE !!!!!!!!!!!!!!

By: Economic & Finance Report

Pfizer has announced their Covid-19 study on a medication they are beta testing has come back from their lab studies; with a 95% effective accuracy rate in trial testing.

Pfizer has been working with BioNTech (German based biotechnology company) on developing a Covid-19 vaccine as fast and accurately as possible. Both companies have indicated they have met those objectives. They are seeking to attain emergency clearance from the United States and European Union, to be able to distribute the vaccine as soon as possible. -SB

Image Credit: UsaNews.com

14 October 2020

1) Cuba’s economic minister urged calm as the government prepares to unify its dual currency system and multiple exchange rates in hopes of improving economic performance. The nation is undergoing a crisis caused by new U.S. sanctions on top of decades-old embargos, the pandemic and its inefficient Soviet-style command economy. The country could not overcome the crisis without unification which included wage, pension and other measures to protect the population. The monetary reform will eliminate the convertible peso while leaving a devalued peso, the officially exchanged rate since the 1959 Revolution is one peso to the dollar. The country would end up with a single currency and exchange rate with the dollar, but it’s unknown what the rate might be or the date devaluation would happen. Economists forecast this will cause triple digit inflation and bankruptcies while at the same time stimulating domestic economic efficiency and exports over imports.
2) Two more arms sales to Taiwan is reported to be moving forward. America is seeking to sell sophisticated military equipment, the MQ-9 drone aircraft and a coastal defensive missile system putting the island nation in a better position to repulse invasion by Red China, who claims Taiwan is a wayward province. China has stated she will reunite the province to the mainland, by force if necessary. Presently, there are as many as seven major weapon systems making their way through the U.S. export process, as the administration ramps up pressure on China. All arm sales to Taiwan must be approved by the Senate.
3) California’s PG&E (Pacific Gas & Electric) company is warning of up coming power outages in Northen California because of increased fire risk. Two dangerous wind events are expected this Wednesday and Thursday and into Friday. High winds pose a fire danger from sparking of power lines into vegetation, thus starting fires in dry areas already ravaged by fires. Power outages are anticipated in 34 California counties. Cutting off the electrical power is presently the only means to ensure against sparking wild fires in windy conditions, and has become standard operation procedure.
4) Stock market closings for – 13 OCT 20:
Dow 28,679.81 unchanged
Nasdaq 11,863.90 unchanged
S&P 500 3,511.93 unchanged
10 Year Yield: down at 0.73%
Oil: up at $40.18