Because theyre coming. Toyota in so many others coming into the United States and all that needs to raise money for people. Lower taxes than what it really means is jobs. Maria the president says the u. S. Is the best place for Global Investors are treasury secretary Stephen Mnuchins comments that the dollar touching a threeyear low. Others low. Ill be saying to the secretary to talk about that coming up this morning i met a few minutes. Coming clean, algae says washing machines are about to get marks and then responds to deep new tariffs announced by the Trump Administration earlier in the week. Ill discuss that with wilbur ross moments away. Dow jones industrial average getting a new alltime high yesterday. S p 500 and nasdaq lower after declining technologies. , but not the dow continues in uncharted territory. Features look like this on the mixed performance yesterday looking among the intent of the dow industrials up another 40 points this morning. S p 500 announced back also high
Husain. Amir explored Artificial Intelligence for many uncommon angles. Part reflection on the existential questions. From military and health care and so on as well as draw narrow and narrow. Hes the founder and ceo of spark cognition. Awardwinning company which provides ai powered from cybersecurity and beyond. Hes also the Founding Member of ibms advisory, amir presented by south by southwest as well as numerous conferences and work appeared in many publications including the new york times, wired and its the first tv. Thank you book tv for broadcasting the event. Feel free to step up to the microphone to your left over here if you a question in mind. Without further due welcome me in joining me amir husain. [applause] thank you very much for that generous introduction and also for your kindness in hosting me at this lovely bookstore and i came in here and was really enjoying the ambiance and its a wonderful place to be. What i will start by doing is reading a passage from the book
Back. Many of our viewers are with you and are saying you are the voice of calm in the midst of this 24 hour manic selling session. This is a bloombergs latest line, as it were. It is hockey what is going on in asia. The stock plunge is deepening, it says. It is very kind of florid, almost emotional language. Bloomberg talks about emotional seller. For those of us with market experience, the panic time was about ten years ago, when the whole Financial System was genuinely in danger of melting down, because the banks, in particular, was so highly levet. Now we are seeing a particular, was so highly levet. Now we are seeing a pause, particular, was so highly levet. Now we are seeing a pause, it is a porsing market because they have gone really well for nine years pausing. Markets are very emotional, they are not rational sets of people trading with each other. I think it isa trading with each other. I think it is a pause, not a crash, not a correction, not a panic. Many are saying that p
2007, down as you can see there 8. 5 for the shanghai composite. Everything else was pretty much read across the board. While prices are now in a bear slump. They are in a bear market. Particular for brent crude, which is rebounding if you look at the six month chart. Bathroom we offer a moment. Pimm what are we talking about . 40 a barrel for crude . Commodities tend to follow. Brent crude is 53. Gold, while a little increased, that is not biting well for gold. Thus boding well for gold. Let us take a look at the bond market. A little bit of a change there. Below that crucial 3 . Take a look at the two week trend of the u. S. 10year. Prices go higher. Let us look at how the u. S. Dollar is performing. 11115 against the euro. The pound sterling basically unchanged. We take a look the spot index and it is up 30 in the lack six months. That is the dollar strengthened let us take a look at the top stories at this hour. Investors worldwide are wondering how far the damage could spread. Chi
Pouring in. Abigail the bulls are out today. We are looking at yet another record high, the dow on pace for a record closing high. Excuse, the s p 500 me, the s p 500 higher but not as much as the dow. Is talkingwhat shery about, they think it is about earnings from a macro perspective. Investors are looking for 1. 7 investment growth yearoveryear. Lus, tax reform hope the one risk to the rally we are seeing this year as if something does not get done by the end of the year. One sector certainly helping today, the financials. Take a look at the s p 500 banks index, up 1. 5 . It is generally acknowledged that these Companies Put up strong thirdquarter earnings. Today we have a rally in yields, the 10 year yield up about four basis points. That tells us haven bonds are selling off. On the year, it is pretty interesting what is happening with the 10 year yield. We see the 10 year yield is out of a range that it had been stuck in below 2. 3 , now trading higher perhaps back toward the high