Stock Talk - Cara Esser, Bloomberg News
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Jonathan Cheng, WSJJonathan Cheng, WSJ
point to -- Is this part of what's being orchestrated by the Federal Reserve you know we've had 0% interest rates now going on five years. Is it finally is is what's happening here I've seen it 88 and where people say youIt raises you know pushes up the S&P 500 pushes up the Dow Jones Industrial Average . What you and I look at our for a one case we feel more confident we spend more money and that creates a virtuous cycle. That's the hope and it -- the wealth effect and some people say it's been five years we haven't really seen the effects but you could argue that we are starting just yet in the housing market -- starting this Viet. You know with hiring a little bit. But. We don't have a lot of -- There's a school of thought though Jonathan that the Federal Reserve shouldn't be acting in that capacity in terms of what you -- there. It -- when I drop and I studied the -
Caroline Ratcliffe, senior fellow at the Urban Institute
Caroline Ratcliffe, senior fellow at the Urban Institute
and 2000 and African American family thought their -- I about a Eric Anderson in comparison to white Stanley who -- that there was well all out by -- and. Widely again widely disparate deal because -
Warren Mosler discusses Deflation
Warren Mosler discusses Deflation
Would do what is your analysis tell you we will see for oil prices between now and the end of the year. Does that are we gonna decline and it that's an attack brake force. Itchief economist -- -- is it if it's daunting. To consider that oil prices are sat by like a handful people. It really isn't he didn't say it with such calm and ten cent certainty I -
What's Up On Wall Street - Deb Borchardt, The Street
What's Up On Wall Street - Deb Borchardt, The Street
is the big. And had a -- -- medical medicinal Canada for cancer patients And I if you watched Showtime's weeds. At the end of the reason they had that whole like legal marijuana for cancer patients and minds of. If she got a John and I do remember that. In fact. Play us out there at the company coming out this week and they have a product and they are expected to start to turn a profit. They have not. -- making money inspected and losing millions that there are expected to make a profit and they. Most of their drugs or pain drugs for cancer patients which act McConnell just did is that still good thing yeah but I think that Allen has really becoming interesting. He irreversible felony. It is going to give BI and asked why. And that's why I like it seek him Harris she's ready now went down play -- -- kind of IE yeah now I it's not a it's not a big deal at 68 million but I just being well liked -- that I'll I'd like to these stories of drug companies that help. Cancer patients and I like pat. You know they are expected to start to turn a profit and then and then not part of
Automatically Generated Transcript (may not be 100% accurate)
Well it's time to talk stocks we talked stocks bonds ETS unit investment trusts were joined today by -- answer from Morningstar good morning Carol welcome to the show. -- They aren't good morning hey you know it consumers out there today I can't tell you how many people I talked to say. I'm not making enough on my CDs. It would appear at least there the Royce value trust is is something that would create yield in might be considered. And income producing investment know. That's exactly right it's a closed -- fund that invests -- small cap -- equities and right now selling at a 13% discount which yield about 6%. That's pretty again looking at the yield five point 8%. You can buy it for twelve dollars and 44 cents what are some of the risks associated with an investment of this nature. I'm the biggest threat to life and leverage despite uses. Protective leveraged to to gain that how it targets more -- -- -- expressed -- cap fund so. I think it's the market goes down as I'm going to be hurt a little bit more than just a -- that doesn't use any kind of leverage. Okay and is the same can be said then for the Alliance Bernstein income fund the symbol for this fund is ACG. Yes that's exactly right that -- also uses leverage mostly in the form of debt on an investment in government. Government -- so it's relatively state except for the leverage obviously. And -- I'm looking at a price range on this during the last 52 weeks it's been as low 79 DA to share and his ties 83. Right now trading at 848 so is this a target price for. I did it get pretty good get carried out about 10% and again the -- unhappy about 6% so it's it's relatively fairly baggage that went out over undervalued but it. It could potentially point. And K and then the last one is the Gabelli equity trust -- GA be this one. Only a 1% yield seemingly am I getting married. I'm an -- 10%. At that in that 10% and that it. Actually selling right right at its net asset value so desperately would say it is fairly valued at this point. Very good very good all right well you don't want to always good to get -- I looked at some income producing investments and he is gave us the recent thank you very much Iraq. Kara -- for Morningstar giving us three income producing. Closed end funds. Art ET ACG. And GAB. All with -- pretty good yields on on those investments. We we've been talking about whether or not you think unions have outlived their usefulness when I find striking. About the text messages -- Is. A lot of -- the vast majority of listeners that the unions here have gone away of the buggy -- via but. Most of the guys that are in unions are texting and saying they hate their union. -- think that -- by surprise I'm wondering why an ally. You know that most the people it's it's I find this really and you -- it. You know at like seven it -- as I'm an airline union in the only thing that the good that is if you lose that job of that get -- back for. -- across the -- it just seems like union guys that are listening to the program anyway hate the union. For which they -- -- a couple people have taxes insane -- a lot of abuse without the union. And it maybe your -- and 36 dollars isn't breaking. And it maybe he wouldn't have vacation time now health benefits. Things like that there was a union -- And there's a lot to a lot going into this. This. The whole story about hostess we are going to be joined in the second hour. By a reporter from Bloomberg who's followed this very closely and try to get him to give us both sides of this -- story you know so. Those of you who are pro union and we do have some listeners children texting insane -- You're a jerk referred to open on the union's. State too because you there's something here for you to and I like what 50 it says because I think -- as well most people who were against unions have never worked in union -- no light. But it it but that's not. Consistent with a lot of the text messages -- -- -- -- and these are union guys that say I hate my union which goes back to say it all depends on the union particular union and the situation that's going. Well something. That we can all agree on I'm thinking. Is that. Tuition is expensive. Now college tuition is expensive unless you're an illegal alien. An illegal immigrant were to talk about that next on the financial.
