Breaking Points with Krystal and Saagar Mini Show #62: Federal Reserve, GOP Agenda, Jim Cramer, & More!
Nov 6, 2022
In this engaging discussion, Matthew Cunningham Cook, a reporter focused on economic issues, and Khalid al-Jabri, a Saudi affairs expert, delve into the Federal Reserve's recent actions and their impact on working-class Americans. They critique media personalities like Jim Cramer and explore the GOP agenda's potential effects on policy. The duo also discusses the geopolitical implications of Saudi investments in tech and Twitter’s transformation under Elon Musk, highlighting the challenges facing labor movements in today’s political landscape.
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Cramer's Meta Miss
- Jim Cramer apologized for wrongly advising viewers to buy Meta stock.
- The stock subsequently dropped 24%, its lowest since 2016, after Facebook reported declining profits.
Exxon's Profit Defense
- ExxonMobil CEO Darren Woods argued that dividend payouts justify the company's record profits.
- Krystal and Saagar discussed the complexities of oil pricing, speculation, and price gouging.
Mastriano's Anti-Union Stance
- Doug Mastriano, Pennsylvania's Republican gubernatorial nominee, plans to target unions if elected.
- His plan includes supporting right-to-work legislation, weakening union power.