Steven reminds the listeners that the worst day of the stock markets after the Great Depression and before the Great Recession, may had the started the present day hobbling economy and how in less than 20 years after Black Monday, the markets didn’t trade on same day news after the new Millennium. It’s a dry topic for sure!
If anyone who knows the history of telephony, the brand name of a loudspeaker tided to an ole Ma Bell phone was called the Spokesman. And unlike a Polycom, the quality may had been suspicious. It was designed to listen in to “morning calls” from Wall Street firms. In fact groups of people would huddle to what was nicknamed “the squawk box”…
This ol device was what inspired CNBC to introduce a “pre game show” in 1995.
25 years later, your’s truly wants to record about 5 minutes of hard-news plus no-so real time quotes and numbers and snatch that degraded brand that is like chewing gum for day traders into ear candy for people who live to crunch numbers… and no I am not talking about the ol Macintosh kids game. I love using that as an idiom.
If I learned anything during COVID19, there is not enough analysis; likewise there is not enough information. Back when Squawk aired on CNBC, it was in the early days of the web; and not everyone had access to the overall Internet. Today it’s so efffing hard to find detailed market information that The Wall Street Journal used to put in the C-section. Our Presidant doesn’t care about the more long term indicies that are measured like a pool; all he cares about is the market of public opinion – The Dow.
Once a week, on my YouTube, my SoundCloud, etc, you’ll hear roughly 5 minutes of reading stories of the previous night’s earnings reports; before the opening bell market reports; and little on politics. Tech stories may dominate the lead.
The audience is for people who follow markets, understand business; understand the over-zealous “profit” culture of todays corporate governance, and trying to put a news story one reads on the web into something that’s broadcast-able; and covering beats that the traditional cable business channels left behind ages ago.
I don’t want to be your daily teacher. I want help you be informed on weekly and daily basis.
Our principal sponsor is Techie Crafts