In this week’s recap, the USA Consumer Price Index (CPI) rose sharply by 3.7% in August compared to the previous year, exceeding expectations and sparking concerns about inflation. This figure was significantly higher than the 3.2% annual increase reported earlier. Food prices at employee sites and schools also saw a staggering year-on-year increase of 57.6%. To address inflation, Subway introduced a novel approach by launching a three-inch sandwich. Additionally, the US dollar strengthened to a six-month high. In the world of cryptocurrency, […]
Market Recaps
September 10: Matrix attacks Elon Musk, Sugar shortages looming, India abandons dollar-Collapse? (Recap ep243)
In this week’s recap, Marcello talks about an attack suffered by Elon Musk because he allegedly ordered Starlink’s engineers to shut off its network over Crimea. Sugar shortages are on the horizon as India, one of the world’s biggest producers and consumers of sugar, has reportedly announced a shortage. India has officially set its first oil trade using rupees instead of US dollars. On Thursday a Ukrainian official is slamming Tesla & SpaceX CEO Elon Musk for ordering engineers to shut off […]
August 27: Masks are back! Trump Mug Shot, India Restricts Sugar Exports (Recap ep242)
In this week’s Recap, Marcello talks about the possibility of the return of the mask mandate in the US; A picture of a mugshot of former president Trump has gone viral in the internet; India is restricting the exports of sugar due to the reduced local production, this adds up to its restriction on rice exports. Brazil’s President called on the BRICS nations to create a common currency for trade & investment between each other, as a means of reducing their vulnerability […]
August 20: Michael Burry bets $1.6 Billion against market, Another Bank Failure, Tesla 6 days of losses (Recap ep241)
In today’s Recap, Marcello talks about how the reknown investor, Michael Burry, best known for his massive profits achieved during the housing crash of 2008, has put a billionaire bet against the market; more banks are failing; and Tesla’s shares have had a recent negative strike of six consecutive days. Friday was the 6th straight session of losses for the electric vehicle maker Tesla stock fell another -1.70% at $215.49, at a length not seen this year. Tesla last saw a losing […]
August 13: Space Tourism Starts, Food Prices explode 250%, Warren Buffet Reports RECORD Profit (Recap ep240)
In this week’s recap, Marcello talks about how the Richard Branson dream of space tourism has become a reality with its first “flight” with space tourists completed this week; Food prices keep rising amidst supply concerns; Berkshire Hathaway posted its highest ever quarterly operating profit, while gains from stock holdings helped the conglomerate led by billionaire Warren Buffett swing to a nearly $36 billion overall profit. Virgin Galactic, the space tourism company founded by British billionaire Richard Branson, finally launched its 1st […]
August 6: World Food Prices Spike, Best year stocks in 26 years, Chinese Bio Lab found in California (Recap Ep239)
In the stock market, an impressive performance was witnessed with the best July performance in 26 years, dating back to 1997. However, analysts are anticipating a 7.1% earnings decline from a year ago, signaling a third consecutive quarter of falling profits. In the cryptocurrency realm, Kenya suspended the Worldcoin ‘eyeball scan’ crypto project due to safety concerns, reflecting the growing regulatory scrutiny surrounding digital currencies. Commodities experienced significant fluctuations, with world food prices seeing the most substantial increase in 1.5 years. Oil […]
July 30: Prepare for Blackouts! Massive Heatwave, Another Bank Collapses, Cities Bankrupt Next? (Recap ep238)
In today’s recap, Marcello tells us to be prepared in case of possible blackouts due to the heat wave affecting the world and especially the eastern US states. Another bank has collapsed in Kansas, making it the 5th US Bank to fail this year. Worldcoin, a digital ID project co-founded by ChatGPT founder Sam Altman, is set to launch its own crypto token.PJM Interconnection LLC has declared a level one emergency for the 13-state eastern US grid and called on all power […]
July 23: Digital ID connected CBDS, “mostly peaceful” tornado destroys Pfizer, Lab grown meat approved USA (Recap ep237)
In this week’s recap, Marcello talks about a global digital currency that will be linked to a global digital ID meaning your transactions can always be tracked; a “mostly peaceful” tornado destroyed 50,000 pallets of medicine when it hit a Pfizer plant in North Carolina, this will lead to shortages of anesthesia and other sterile injectibles; and the USA joins Singapore as the only countries approving “cell-cultured” meat for human consumption. India, the world’s biggest rice exporter accounting for some 40% of […]
July 16: Mark of the Beast is here, Crypto explodes, New A.I company Elon Musk (Recap Ep236)
In this week’s recap, the global market ended generally positive. Binance, one of the largest cryptocurrency exchanges, announced layoffs of over 1,000 employees. On a positive note, Europe is set to launch its first spot Bitcoin exchange-traded fund (ETF) this month. Ripple’s XRP experienced a surge of 74%, reaching $0.81 per coin, after a US judge ruled that it may not necessarily be considered a security. The broader cryptocurrency market also saw positive movement, with altcoins like Polygon’s matic token, Solana, and […]
July 9: AI Robots for elderly, Govt gets censored, Flying cars coming soon (Recap ep235)
In today’s recap, Marcello talks about a new AI Robot called Nadine, which has been upgraded with the AI Model GPT-3, improving its interaction and conversation skills. Its creator says it could be far more effective than human caregivers in tending to the sick and elderly. Several Fed agencies (like DHS, FBI, and DOJ) were prohibited from working with big tech to censor posts on social media. Alef Aeronautics, backed by Elon Musk, presented a pre-sale of their most recent “flying car”. […]