Kresta in the Afternoon – June 27, 2016 – Hour 2
+ Market Reaction to “Brexit”
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- Description: The markets continue to tumble following the UK’s decision to leave the European Union. The DOW slumped another 250 points this morning following a 610-point plunge on Friday, the worst two-day period for US stocks since August 2015. European stock markets also came under pressure and the British Pound hit a fresh low. We’ll talk about it with George Schwartz.
- Segment Guests:
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George Schwartz
George Schwartz is the Founder, Chairman and CEO of Schwartz Investment Counsel as well as the Chairman and CEO of Ave Maria Mutual Funds. He’s the author of Shareholder Rebellion and Good Returns. - Resources:
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- Article(s):
- Brexit has wiped $2 trillion (and counting) off global stock markets (http://qz.com/717591/brexit-has-wiped-2-trillion-and-counting-off-global-stock-markets/)
- USA Today calls Francis statement "groundbreaking" (http://www.usatoday.com/story/news/world/2016/06/27/pope-church-gays-treatment/86425734/)
- Website(s):
- Schwartz Investment Counsel (http://www.schwartzinvest.com/)
- Ave Maria Funds (https://www.avemariafunds.com/)
- Article(s):
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+ Kresta Comments: The Pope on Planes/ Bishop Lynch Spanked by Wenski (2 segments)
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- Description: In a press conference on the way back from Armenia, Pope Francis said the Church must ask forgiveness for how gay people have been marginalized. He clarified that by the Church he means Christians, who like all other humans are sinners. He added that the Church must also ask forgiveness for the poor, for exploited women and children, and for having blessed weapons. Also, last week St. Petersburg Bishop Robert Lynch wrote that the attack in Orlando can be attributed to “religion, including our own, which targets, mostly verbally, and often breeds contempt for gays, lesbians and transgender people.” Miami Archbishop Thomas Wesnki criticized this position in a recent homily. Al discusses both stories.
- Segment Guests:
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Kresta Comments
- Resources:
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- Article(s):
- Bishop Lynch should be forced to resign his office (http://www.catholicworldreport.com/Blog/4868/bishop_lynch_should_be_forced_to_resign_his_office.aspx)
- Pope Francis: Church Must Accompany Gays, not Discriminate (http://www.ncregister.com/daily-news/pope-francis-church-must-accompany-gays-not-discriminate/)
- Full text: Pope Francis' in-flight press conference from Armenia (http://www.catholicworldreport.com/NewsBriefs/Default.aspx?rssGuid=full-text-pope-francis-inflight-press-conference-from-armenia-45222/)
- Miami prelate laments persecution of Christians, criticizes bishop’s post-Orlando remarks (https://www.catholicculture.org/news/headlines/index.cfm?storyid=28666)
- Article(s):
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Kresta Comments
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