The Quick Click to The Second Democratic Debates

Here's the Financial Info You Might Have Missed

by Dallas Thompson

Financial Frequency. myNews

August 5, 2019 .2 min read

Democratic Debates...the popularity contest continues. 

“Dark psychic force.” 

Is what Marianne Williamson said Trump is creating in the nation, but while amusing, that wasn’t the highlight. 

Elizabeth Warren and Biden were criticized for their “unrealistic” healthcare and education policies. But Warren was able to hold her ground and shined through all the heat she took regarding her progressive plans.

She called for action as she said:

"I don't understand why anybody goes through all the trouble running for president of the United States just to talk about what we really can't do and shouldn't fight for."

The audience lit up in approval. 

The moderates didn’t leave us with anything groundbreaking, while crowd favorites Buttigieg and O’Rourke seemed to fall into the background.

“Go Easy on Me Kid.”

That's what Joe Biden said to Kamala Harris before the debate. But as you probably guessed, she did not go easy on him.

Most of the second debate in Detroit revolved around people going in on Biden over various policies. Harris and Booker went in on criminal justice reform. Castro went in on immigration, Inslee on climate change and Gillibrand on women in the workplace. Although, Biden did manage to fire back and was probably the star of the show. 

Booker put on a good show and Tulsi threw back some excellent comments at Harris regarding marijuana. But Harris remains the one to watch in the coming debates. 

Other things you may have missed:

The Fed

The Fed cut interest rates by a quarter of a percentage point to around 2.25%, making it the first-rate cut in 11 years. Stocks plunged as a result. Fed chairman Jay Powell called this a “mid-cycle adjustment” instead.

Why the cut? Weak global growth and trade tensions are the main reason.

Why it matters? Well, it may be signaling that the Fed think we may be heading into a recession.

Capital One

If you have a Capital One credit card, you may want to check in with things. They had a massive data breach that exposed 106 million people’s information.

If you have one of their credit cards or applied for one of them between the years of 2005 and 2019, your private information may be compromised, which include:

  • your name,
  • bank accounts,
  • and social security number. 

If your info was exposed, the company should be reaching out this week, if they haven’t already.