Every Friday, the Daily Caller White House correspondent Christian Datoc sits down with Wall Street guru and CEO of Farvahar Partners Omeed Malik for a new episode of “WALL STREET MEETS WASHINGTON.” It’s the only show that breaks down the beltway’s economic updates for both financial VIPs and everyday Americans looking for market tips.
The guys rolled out a great episode this week, focusing on corporate-controlled media, the lost generation and perpetual deficits. (RELATED: Total Coronavirus Unemployment Tops 40 Million, But New Data Shows One Key, Positive Metric)
We opened by running down the week’s data and pointed out some major discrepancies with the unemployment report and negative GDP growth for the first quarter of 2020 before launching into a breakdown of the market’s huge gains over the past month. In particular, we looked at the New York Times and explained how it’s no longer just a publisher, but a massive tech behemoth capable of posting near-Amazon-level pandemic numbers.
Datoc also previewed the latest updates to the Payment Protection Program. Will they actually help small businesses and workers?
Finally, Omeed gave an excellent primer on his Daily Caller op-ed, “Deficits Don’t Matter… But Should They?” It’s almost too much info to cover in a 10-minute segment, so make sure you give it a read to pull out all the info. Ultimately, Malik explains why some fiscal hawks are falling by the wayside to populist spending platforms, like those favored by Republican Missouri Sen. Josh Hawley and President Donald Trump.
Don’t forget to check out last week’s episode if you haven’t already!
“Omeed Malik is the Founder and CEO of Farvahar Partners, a boutique merchant bank and broker/dealer which invests partner capital into growth businesses and acts as a liquidity provider of private placements on behalf of companies and institutional investors. The Firm also offers advisory, investment banking and capital raising services to its clients.
Prior to starting his own firm, Omeed was a Managing Director and the Global Head of the Hedge Fund Advisory Business at Bank of America Merrill Lynch. Omeed was also the founder and head of the Emerging Manager Program within the Global Equities business. In this capacity, Omeed was charged with selecting both established and new hedge funds for the firm to partner with and oversaw the allocation of financing/prime brokerage, capital strategy, business consulting and talent introduction resources.
Before joining Bank of America Merrill Lynch, Omeed was a Senior Vice President at MF Global where he helped reorganize the firm’s distribution platform globally and developed execution and clearing relationships with institutional clients.
An experienced financial services professional and securities attorney, Omeed was a corporate lawyer at Weil, Gotshal & Manges LLP working on transactional matters in the capital markets, corporate governance, private equity and bankruptcy fields.
Omeed has also worked in the United States Senate and House of Representatives. Omeed received a JD, with Honors, from Emory Law School (where he serves on the Alumni Board) and a BA in Philosophy and Political Science, Cum Laude, from Colgate University.
Omeed is a Term Member of the Council on Foreign Relations, a Centennial Society Member of the Economic Club of New York and a Chairman’s Circle Member of the Milken Institute.”
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