US Dollar in Decline, Boeing Workers Strike, and Assassination Attempts on Trump | Weekly Business Briefs w/ Martin Perdomo

Is the US dollar on the brink of a meltdown? This week, we dissect the alarming decline of the greenback, the Federal Reserve's potential interest rate cuts, and the contrasting monetary policies in Europe and Japan that are shaking up the global market. Learn how these pivotal changes could impact your investments and day-to-day financial decisions. We also scrutinize the ongoing Boeing workers' strike, delving into the workers' demands for higher wages and pension reinstatements, and examining the potential fallout for the aerospace giant's financial health and operational stability.

In an unsettling twist, we bring you the latest on two recent assassination attempts against former President Donald Trump. We recount the chilling details of the latest incident at Trump's Florida golf club and discuss the broader implications for national security and political discourse. Why is mainstream media seemingly downplaying these threats? Tune in as we question the silence and reflect on what these events mean for the future of American politics. Don’t miss this comprehensive analysis that ties together these critical stories shaping our world today.

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Transcript

Speaker 1: 0:29

It's Wednesday, september 18th 2024, and it's time to get down to business and dive into the top three news in this week's weekly business brief. First up, as the dollar crumbles, what's next for the global economy? The US dollar is doing its worst this year. This is because the Federal Reserve, the bank that controls the US interest rate, is expected to cut rates soon. This means borrowing money will be cheaper, which usually weakens the dollar. The cut might even be bigger than usual, with a 50% chance of a 0.5% cut instead of the usual 0.25%. This is because the US economy isn't doing great. Everyone's waiting on the Fed's decision and the dollar is expected to weaken even more, especially against the yen. Additionally, the other factors contributing to the dollar's weakness the euro has been strengthening, partly due to the European Central Bank raising interest rates. The Japanese yen has also been gaining value, as the Bank of Japan is expected to maintain its ultra loose monetary policy. So just on this guys the Japanese government. They have kept interest rates low while we've been raising interest rates here in the US. So this has caused investors to go to borrow money from Japan, which is about last month. When our market took a dip was because the Japanese government decided to raise interest rates, spooked the markets and created a little bit of mayhem. Things are settled now, but this is part of this issue.

Speaker 1: 2:09

In other news, boeing worker strike. Is this the company's breaking point? Boeing workers are on strike demanding higher wages and the reinstatement of a pension plan strike since the union was formed, and it comes at a time when Boeing is already facing other challenges, including a recent safety incident involving a 737 MAX plane. The company is concerned about the financial impact of the strike and has implemented measures to conserve cash, such as suspending orders from suppliers and reducing travel for employees. Workers are determined to fight for a better deal, citing years of stagnant wages and executive bonuses that have grown significantly. The strike is likely to have a significant impact on Boeing's operations and could lead to a ratings downgrade. While the union is providing financial support to striking members, many workers are concerned about their ability to make ends meet during the strike and this week on Trump Watch ability to make ends meet during the strike and this week on Trump Watch.

Speaker 1: 3:17

Trump is targeted again inside the second assassination plot in just two months. The FBI is investigating an alleged assassination attempt on former President Donald Trump at his Florida golf club. Trump was unharmed during the incident, which took place while he was golfing. Secret Service agents fired at a man who was spotted with a rifle near the perimeter of the club, about 300 to 500 yards away from Trump. The suspect fled the scene but was later caught, thanks to a witness who identified the getaway vehicle. The man, ryan Wesley Roth, a self-employed builder with a history of political commentary, is now in custody. Authorities recovered an AK-47-style rifle and other equipment at the scene and the investigation is ongoing, extending internationally due to Roth's background and online activity. Both President Biden and Vice President Harris condemned the act. Both President Biden and Vice President Harris condemned the act, emphasizing that political violence has no place in the country. This incident follows another assassination attempt from Trump. Just two months prior, trump reassured his supporters via email that he was safe, and key figures like Ohio Senator JD Vance and Senator Lindsey Graham confirmed that Trump remains in good spirits despite the event.

Speaker 1: 4:36

What's interesting is that this is not really being covered as it should in the mainstream media. Guys, we should be paying attention to this. Why isn't this being covered? This is an ex-president that there's been a second attempt on his life within two months. This is crazy what's happening in our country right now. But that's up to you to decide and give me your thoughts. Why do you think the mainstream media is not really giving this full coverage and it's not everywhere as you would expect it to be if there was any other president? This has been your weekly business brief. I'll see you guys next week. Thanks,