#54: Markets Scared Sh!tless About A Recession. What Should You Be Doing?

Dow tanked 800 points last Wednesday Hong Kong stocks down -10% since violence began last month St. James pumped gas for an uber drive in exchange for a blunt WTF's going on in the world!? And WTF should you be doing? As for St. James, go check out his upcoming stand up show at the Laugh Factory (8/30, 10pm, hit him up for tix) @LifeOfStJames on IG. Now, stocks: market needs some Xanax (prescription, please, Dr. Fed). How about Xanax for you? Be a bad ass and meditate. Afterwards, you'll realize (1) Trump needs to get re-elected, so he's gonna do everything he can to avoid recession, and (2) the Fed's gonna do everything they can to fix sh!t Then we discussed the Trade War. Yo, these Hong Kong protesters? Not an accident that it is happening during the trade war. I think China's instigating now because they know Trump can't make a stink about it. Trump's got a trade war to try and win, so EFF sticking up for democracy. The Donald needs to make a deal!! Then, we had an IG question from some listeners about what stocks to buy given this decline. And finally we talked to a couple of solid dudes from Activated Capital, Josh Burrell and Lane Campbell, who struck a deal with former NFL linebacker Derrick Morgan to launch a $200mm social impact fund. Make sure you check that interview out on Episode 55, coming Wednesday morning. Relax and make some effing cheddar, Peace, Amer SHOWNOTES 01:20- Has Amer been working out?  02:20- Introductions and all about St. James's life (don't miss his Young Hustle show) 06:05- Markets are scared sh!tless- why? And what should you be doing? 11:30- Uber is bleeding cash, will it bleed dry? 15:00- What to know about the August traders, aka the B team 17:30- Market volatility: The GE accounting fraud, inflation, and more pointing to a recession? 21:25- Quick intro to Lane, Josh, and their company- Activated Capital 22:25- Audience Q: Stocks on sale? And Beyond Meat's impossible burger? 26:10- The Trade War and Hong Kong protesting 32:20- Trump confronting China Connect with Amer and BNOS: Visit the BNOS PODCAST: https://podcasts.apple.com/us/podcast/business-news-and-other-%24/id1438358922?mt=2 Visit the Amer Abdullah BLOG: http://amerabdullah.com/ Like BNOS on Facebook: https://www.facebook.com/businessnewsandothershit Follow BNOS on Twitter: https://twitter.com/theamerabdullah Follow BNOS on Instagram: https://www.instagram.com/theamerabdullah