I want to welcome everyone to the event titled american judaism in the truck era trump iraq. Trump era. For those of you who do not know much about our center, the center for jewish civilization is the home for jewish scholarship at georgetown university, especially pertaining to middle east politics, jewish humanities, and the holocaust. Faculty, we have 22 including our esteemed panelists today. Approximately 100 students. And we offer over 40 courses per year. When you entered the event today, you should have received a copy of our full events lineup. Is the launch of the ambassadors most recent book. That event will be held on sotember 17 at 5 00 p. M. , please rsvp to this event. While you do that, please also visit our website. All very much look forward to seeing you there. For students who are also with us in the room, if you are interested in learning more about cjc or interested to become part of it, please make sure to sign up at our Registration Table at the entrance. Now,
Strategists on wall street now see elevated recession risks and a possible significant pullback. Joining us is ian winer. Welcome back. Thank you for having me. Today it is the trump comments that are lifting the market friday they were sinking the market what do you do in this environment . You have to stick to the stocks that you really like because theres absolutely no direction in the marketplace the president clearly isnt helping things i think we are just going to continue to stay range bound at the same time, where global rates are and the fed basically saying theyre going to be there and you are in a little range here i think that the uncertainty itself will outweigh whenats happening and see a correction before we run away to new highs. The risks tilted negatively near term negatively for three months i think. Ians here for the hour lets focus in on the big stories today. Live in france with the latest on china trade bob here at the exchange kate tracking the nasdaq ayman, fir
Painting a rosier picture of economic fundamentals. Joining us is david zervos, looking sharp with the new haircut. David, what do you make of the fact that we have bounced back pretty nicely . Yesterdays reversal and some followthrough today what does that tell you . I think the trade tensions are definitely a story summer liquidity is the story. It was a pretty aggressive 200point plus move in the s p and the interesting thing from the price action for me is the rate market. The rate market had an incredibly large move. One of the largest weve seen in a while and it really hasnt come back off that much. So while stocks have rallied back, you would have expected maybe rates would have sold off a little more, risen a little more and they havent. So this is maybe telling you more that people are getting comfortable with a fed view that is cuts are coming and probably more cuts are coming than people had been nervous about with the meeting. You know the important thing in that answer, da
To report. Also trade representatives set to kick off a new round of china talks in shanghai. Earnings less than an hour away, well preview the key things to watch from that report with the stock up 800 on this 25 ipo price. Steve grasso from stewart frank, and a lot of moving parts, what do you do . It feels as if everyones on hold for the fed thats the most important thing thats happening right now earnings this surprised to the upside everyone usually, even last quarter, even was ready for a a into the earnings cycle. Steve is here with us for the full hour, and well be dissecting the market moves. Lets focus on the big stories the pharma deal, more fallout for boeing, and eamon javers. Viagra, lipitor, xanax and the epipen, pfizer is going to spin off or divest its up patent business and combine with mylan, and the new company will do about 20 billion in annual sales. It will get a new name and be domicile in the United States, a fact that could be attributed to u. S. Tax reform an
Superseded by a new, hyper intelligent life form Artificial Intelligence, i reckon, will be Something Like 10,000 times faster in thinking than we are. And Frank Lampard is back at chelsea as manager the club where he made over 600 appearances and won 11 major trophies. Good morning. In the last hour, the betting group william hill has said it plans to close around 700 of its shops across the uk, putting more than 4,500 jobs at risk. The company blamed the closures, which amount to nearly a third of its outlets, on the governments decision to reduce the maximum stake on fixed odds betting terminals to £2. Our Business Correspondent, emma simpson, is here. A bit of background as to how we have come to this point . The industry had warned that reducing the stakes on these fixed odds betting terminals from £100 to £2, that change came into effect in april, would trigger store closures and job losses. Today william hill said it plans to close 700 stores and they say since april, it has