Huge: China Launches Yuan-Ruble Payment System! | Amazon Can Overwhelm the Competition With Brute Force | Risk of a Recession |The Future of Cloud Banking and More (Videos)
10-13-17
Scott Galloway, a marketing professor at NYU and author of the new book “The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google,” discusses Amazon. He says that whenever the company is bumping up against the other three juggernauts, it’s winning. He cites how Alexa is beating Siri, and mentions the company’s torrid pace of growth. Galloway thinks that Amazon’s core confidence is storytelling, and mentions Amazon having access to the cheapest cost of capital in history — which allows them to overwhelm the competition with brute force.
PLUS
The monetary regimes of China and Russia, two of the world’s most resource-rich nations, are drawing closer with every passing day. In the latest push for convergence, China has established a payment versus payment (PVP) system for Chinese yuan and Russian ruble transactions in a move to reduce risks and improve the efficiency of its foreign exchange transactions. The PVP system for yuan and ruble transactions, designed to streamline commerce and curency transactions between the two nations, was launched on Monday after receiving approval from China’s central bank, according to a statement by the country’s foreign exchange trading system…
AND
Business Insider CEO Henry Blodget looks at President Donald Trump’s claims that he’s responsible for the record-setting stock market, and finds that the S&P 500 rose just as much over the first 11 months of Barack Obama’s second term. Blodget also provides a bearish argument, which suggests that high valuations have historically preceded periods of market weakness. He also points out that prices are high across many different asset types, which means that diversification might not help investors out right now. He then highlights a chart cited by John Hussman, the president of the Hussman Investment Trust, which shows that the expected return on a diversified portfolio is low at the moment. Business Insider executive editor Sara Silverstein goes on to say that the search for yield across all asset classes worries her.
Amazon can ‘overwhelm the competition with brute force’
Dead Duck Dollar: China Launches Yuan-Ruble Payment System
Source Jim Yakel
The biggest problem in a market where everything is expensive
Sources Business Insider
Potential risk of a recession?
Doubleline CEO Jeffrey Gundlach on the Federal Reserve, the economic outlook, the deficit, concerns of a potential recession and junk bonds.
Source Fox Business
How cloud banking benefits consumers
ConnectOne Bank CEO Frank Sorrentino and nCino CEO Pierre Naude on the companies’ partnership to improve the banking customer experience through cloud computing.
Bank of America a buy after 3Q results?
Vining Sparks Bank and Equity Strategies Director Marty Mosby and Kelly & Co. Managing Partner Kevin Kelly break down Bank of America’s third-quarter results.
Sources Fox Business
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