Daily Briefing – October 5, 2020

Published on
October 5th, 2020
Duration
34 minutes


Daily Briefing – October 5, 2020

Daily Briefing ·
Featuring Jack Farley, Ash Bennington, and Ed Harrison

Published on: October 5th, 2020 • Duration: 34 minutes

Senior editor Ash Bennington and managing editor Ed Harrison break down another day of risk-on sentiment as the market evaluates the state of President Trump’s health and the chances of another round of fiscal stimulus. Ed explores whether the term "depression" is appropriate, through the lens of his interview today with David Rosenberg. Ed and Ash then look at how duration risk and political gridlock might impact markets going forward. Lastly, Ash discusses his interview on Friday with Brian Estes, and looks forward to Live Q&A's with Lyn Alden, George Goncalves, and Ted Seides on 'The Exchange": https://exchange.realvision.com/. In the intro, editor Jack Farley takes a look at movie theater chain Cineworld's decision to shutter hundreds of theaters in the U.S. and U.K.

Comments

Transcript

  • AP
    Alfonso P.
    6 October 2020 @ 20:59
    Come on Ash, be nice to the experience of going to cinemas, imagine Ed telling us his experience in a Peloton bike, rather than his tours around Washington
  • TM
    Tyler M.
    6 October 2020 @ 18:02
    Nice work, Jack, it seems like you're getting a lot more comfortable with speaking unscripted.
  • DO
    DIOGO O.
    6 October 2020 @ 09:37
    I will definetely want to go back to movie theaters again! LOL Specially the IMAX ones.... amazing experience....does not matter the cost! Besides... after staying 7, 8, or 9 months practically locked at home... anything that I can do out of it...I will LOL
  • PP
    Patrick P.
    6 October 2020 @ 02:21
    I hate to bring this up ... Raoul is hawking the Daily Briefing on Twitter and Zero Hedge as being a "free" daily video.... So now the daily briefing has turned into .... Ash and Ed hawking the subscription videos..... Interesting....
    • WA
      Wissam A.
      6 October 2020 @ 08:12
      The daily briefings are also available in interactive brokers.
  • SS
    Shanthi S.
    6 October 2020 @ 07:53
    Have not set foot in a cinema in years, and fail to see the appeal. Trapped in a dark room breathing other people’s air and listening to other people chew. 😬
  • EN
    Elizabeth N.
    6 October 2020 @ 00:50
    Ed, that zip up you’re wearing looks great! Can you share where you got it? Would love to get one for my husband.
    • EH
      Edward H. | Real Vision
      6 October 2020 @ 02:46
      Thank you, Elizabeth. It’s Icebreaker. They make great wool clothes
    • MH
      Matthew H.
      6 October 2020 @ 06:16
      icebreaker is amazing. worth the money, last forever, made in New Zealand from Marino Wool. Best in class.
  • RH
    Ron H.
    6 October 2020 @ 05:20
    The US and the UK are also alike (and different from continental Europe) in having first-past-the-post voting systems. They are also alike in having much higher degrees of "income" inequality than the continent (Piketty refers to the Anglo-Americanness of this issue). There is reason to believe the political crackups we are seeing in both countries is not coincidental, but structural at a fundamental level.
  • MC
    Mark C.
    6 October 2020 @ 00:08
    I still love the big screen and the great sound...hopefully RealVision can help me get rich so I can just put it in my house. In the meantime I will be taking my family to the movies. It's fun...just not anytime soon.
    • CM
      Cory M.
      6 October 2020 @ 05:11
      If you want to see those big pictures, you'll have to get some revenue to the distribution company, or your big home theater will just show comedies and art films.
  • RT
    Rupert T.
    5 October 2020 @ 23:48
    In Mexico everyone goes to the Cinema for the AC and food- infact you have amazing VIP cinemas with leather seats, food in your seat, beers, cocktails etc. The attraction (which I don't rate either) - is getting out of the house - esp. when you live packed 10 into a hovel.
    • CM
      Cory M.
      6 October 2020 @ 05:09
      Cinema has historically been a place to 'beat the heat' and go for the most inexpensive entertainment ticket available. The theater palaces were the first place they installed Air Conditioning in the 1920s. Haven't you wondered why they're still cold today? As for the food, popcorn has been the major revenue stream of the exhibitor (not the ticket, which mostly goes to the distributor). Not sure how pervasive the 'restaurant' model is, but there are a few second run houses in the USA who serve nice food.
  • RM
    Russell M.
    5 October 2020 @ 22:56
    Some things are just more immersive on the big screen. But home OLED's will probably reduce cinema demand.
    • CM
      Cory M.
      6 October 2020 @ 05:05
      It's the revenue stream, not the image, that would kill the Hollywood expensive film.
  • NL
    Nikola L.
    5 October 2020 @ 22:26
    I am cinema guy but I agree with Ash.
    • CM
      Cory M.
      6 October 2020 @ 05:04
      You and Ash are not the demographic. It's males 18-24 who buy 6 tickets (they keep going back) to expensive blockbusters. Without these buyers, say goodbye to the (expensive) action effects-laden blockbuster picture. (Cinema guy: ever heard of Art Murphy's 21 fundamentals of the motion picture business?)
  • SJ
    Sean J.
    6 October 2020 @ 02:22
    How do I get a darn houseplant to Ash?
  • SS
    Steven S.
    6 October 2020 @ 01:24
    Smart, thoughtful analysis, Ed. Great work, Ash. You both are exceptional--you keep us up-to-date, shed light on current financial conditions, and provide us with an economics/financial education. Many thanks to you both!
  • sc
    sung c.
    6 October 2020 @ 00:41
    I feel better now that Ash and Ed are wondering what today's market move was all about. I've been asking myself the same question all day. It was fun watching four different traders on CNBC stating four different reasons to justify today's market move. Definitely the "hopium stage".
  • sc
    sung c.
    6 October 2020 @ 00:41
    I feel better now that Ash and Ed are wondering what today's market move was all about. I've been asking myself the same question all day. It was fun watching four different traders on CNBC stating four different reasons to justify today's market move. Definitely the "hopium stage".
  • RT
    Rupert T.
    5 October 2020 @ 23:53
    yeah Depression- thanks Ed - call if for how it is !
  • RM
    Russell M.
    5 October 2020 @ 23:15
    In order to avoid anarchy, government will have to inflate away business and consumer debt to fee up spending room to get the economy growing in a healthy fashion. The Fed can't do it by controlling interest rates. Maybe the Fed can help in an uneven way by buying corporate bonds and stocks. But direct government payments to individual is the most efficient way to get money to overindebted individuals whose jobs have gone away or income has been severely reduced.
    • RT
      Rupert T.
      5 October 2020 @ 23:51
      they need to raise interest rates to create inflation - you need to up the cost of the loans to up the cost of the products - to create inflation. interest rates do not work on a sliding scale - high interest rates - lower inflation - lower interest rates higher inflation - this is only in the middle... interest rates work on a bell curve - get the rates too low = no inflation, get the rates too high = insane inflation. ONLY in the middle it works the other way around.
  • BK
    Binyam K.
    5 October 2020 @ 23:29
    Thanks Ash, Jack and Ed!
  • IH
    Iain H.
    5 October 2020 @ 22:55
    Can you please add the audio version to this DB? Thanks very much.