In palm beach, florida. Thank you, dr. Brenneman. And good morning, everyone. Im so excited youre here. And welcome to the First Founders and us relevance of our origin origins. I am gay gaines, aand i and i addict of founding American History. I was having breakfast with joe ellis and speaker Newt Gingrich at mount vernon, my favorite place in america. We were lamenting the fact that most colleges and universities in the United States are no longer teaching founding American History. And in fact most high schools are no longer teaching our founding American History. In 1898, when seniors and colleges and high schools were asked who is the greatest hero, they unanimously said george washington. In 1988, when they were asked the same question, the answer was michael jordan. We were discussing my dream of building a future for the past right here in palm beach, florida. What some might think an unlikely location. But i told them about this incredible organization, the society of the four
In palm beach, florida. Thank you, dr. Brenneman. And good morning, everyone. Im so excited youre here. And welcome to the First Founders and us, the relevance of our origins. For those of you who dont know me, i am gay gaines, and i am an addict of founding American History. In november of 2015, i was having breakfast with joelle liss and speaker Newt Gingrich at mt. Vernon, my very favorite place in america. We were lamenting the fact that most colleges and universities in the United States are no longer teaching founding American History. And in fact most high schools are no longer teaching our founding American History. In 1898, when seniors and colleges and high schools were asked who is the greatest hero, they unanimously said george washington. In 1988, when they were asked the same question, the answer was michael jordan. We were discussing my dream of building a future for the past right here in palm beach, florida. What some might think an unlikely location. But i told them a
T overnight in asia, it was a mixed session. Japan was lower, maybe due to strength in the yen it was off by 1 . The hang seng higher by 1 . South korea was higher as well. Europe positive as well, but not by much. Look at crude oil, wti, i just saw 52 53. 71. Higher by a half percent. Brent at 56. 65, nat dgas above bucks. Here. Heres whats going on this morning. Gold prices jumped more than 1. 5 during yesterdays session, bringing the yeartodate gain above 10 . Look at this hour right now. Well show you whats going on. You know, its up. It continues to rise. Looks like its close to a oneyear high. Continues to speak to whats happening. Thats also on the concerns of tenyear treasury, moving back below 2. 30. Gold tends to perform well in a deflationary environment. Which most investors dont understand. I dont understand that, but its supposed to be an inflation hedge. Its the reserve currency in a deflating world. I think the big story is oil. Oil saved the s p over the last couple of
Tenmonth high. And check this out, since last friday, the dow has added 127 points. Of that, apple has accounted for 85 points. The question is simple. Is apple saving the markets . And if so, should you feel better about where we are right now in the markets . Tim . Apple is not saving the markets. 85, 127 points . Come on. Look at retail today. Is apple pushing up jcpenney, nordstroms . Emerging markets are up 2 today. Volatility is plunging, not because apple is the dream stock, and actually their camera is pretty good. Apple is rallying because samsung is very weak because apples expectations were de minimis. And so yes, apple should be doing what its doing. But to say if apple was not doing this, which i think is the question youre asking, would the markets be rallying . I think yes, they would be. We overreacted to the comments, we assumed fed was not going to act to acting way too much. This is not a place where you can move too quick on Interest Rates. Volatility has fallen. Fe
Lets get to our roadmap this morning right back here in the good old us of a. Twitter Major Concerns over user growth sending shares down sharply after the social Networks First Earnings Report as a Public Company. While twitter is slumping Green Mountain coffee seeing plenty of green, rallying after coke agreed to take a 10 stake in the company and help launch an athome cold beverage system. Shares of gm down a bit this morning after earnings and revenue were well below wall street estimates, although restructuring maybe a part of that. Gm january sales also fell 12 . That was thanks in large part to what they said was the bad weather. Of course we had that news earlier this week. All right, lets start with twitter. Shares are down sharply. Lets see. Right here i got 51. 26, 51. 34 bid despite posting betterthanexpected Fourth Quarter results in its First Financial report as a company. Concerns about the user growth is weighing on the stock. Twitter said it averaged 241 million monthl