Stephen mnuchin speaking on the phone today regarding stimulus negotiations with a promise to speak again tomorrow and new york city is back in had the coronavirus spotlight. People refuse to wear a mask still to come, coming up on todays show, embattled e. V. Maker nick la with new lows. Well ask the former auto executive what it all means for nikolas pending deal with gm. Plus, well speak with the newly minted president of shopify about the run that stock has been on. Up more than 150 . Well ask about the recent news of rogue employees stealing some Customer Data. Harl Harley Finkelstein will be our guest. We have the latest headlines coming out of washington, d. C. For us start with you, mike a little bit of low volume churning going on today. Maybe a little apprehensive. Kind of Holding Steady ahead of these couple of known potential catalysts, of course the president ial debate and the jobs number. After 4 two day rally, s p 500 year to date, train day, we kind of had that half 1
555 dow points. Ahead on todays show, were going to dive into this plunge in oil prices, what it means for the u. S. Economy and jobs to the financial losses reverberating through the market right now plus we will speak with illinois governor j. B. Pritzker and former commerce secretary Penny Pritzker, his sister, about illinoiss battle against the coronavirus and the race for more protective gear and testing. Lets focus in on the big stories were watching with 58 minutes left of trading. Brian sul vab focusing on crude oil collapse, mike santoli will tie that in with broad movements were seeing today latest on the snag on government funding. Brian, first to you on this unprecedented move in oil. A day for the history books. It is a day for the history books. Ending a futures contract in negative 30 or what it was. Sara and wolf, it doesnt make sense as i talked about in power lunch as well. We started the day around 10. We continued to fall now negative 30 these are contracts. Negativ
Since late january, and we are extending the gains today. If you talk about what the catalysts are for the next leg of the rally, we ask the question whether the bulls have the upper hand once again. We know powell was not as hawkish as feared and yields calmed down, right, the bond market volatility dissipated for the moment and earnings are enough. Is all that good enough well, the quantitative tightening provides a nice liquidity backdrop to a rally. I think it can continue for a little bit. I think that shortrun focus, though, i think the momentum is here with us for now. The intermediate term, what you want to focus on is gdp revisions and can they continue to head higher . Can earnings deliver in the back half of the year . If i think those two things prove to be true, we could see more upside and this continue for a while. If theres a challenge to that, which at the moment doesnt look like there will be, but if theres a challenge to that i think you could see volatility. In the
I am a fellow at the. While liberal arts rule of the divisional world. They had known each other for a little while now. I immediately thought of my freshman year in college. I decided on what i should major in. I love history and Political Science. No one cares to read about. I decided to meet the professional world halfway and major in business. When i read this book and i talked to scott about it made sense because my career like many of yours as well was taken different pivots into turns and i realized that now what i didnt know then which was in many ways the liberal arts in business has applicability to the Technology World even innovation in general. With that i want to turn it over to scott before scott tells you more about his book i know scott from our time in new york. He like myself has spent time in the Venture Capital world also worked for google and facebook. And has the dream resume. He has spent some time as a president ial information fellow. Have the fortune or misfo
Good afternoon, my name is Stephen Rodriguez and im a fellow at new American International Security Program and today im joined by scott hartley, author of the new book the fuzzy and the techie, and its interesting when scott and i have known each other a little while now and when he first approached me about this, i immediately thought of my freshman year in college and deciding on what i should major in and i love history and i love Political Science but i quickly thought you know, i want to be sure i get a job that doesnt involve academia or writing papers no one cares read about so i decided to meet the professional world halfway and major in business. But when i read this book and i talked to scott about it, it made sense because my career like many of yours as well can make a difference and inturn , i realized that now what i didnt know then is that in many ways the more liberal arts or even business has massive applicability to the technology world, even to innovation in general