On october the fourth, 1930, a 777 foot long airship, the largest thing that had ever flown, larger than the titanic by volume was about to take off on a trip from london to india. As part of a scheme hatched by the British Empire to connect the farflung pieces of the empire, it was a moonshot. A scheme you call it, one of your chapters is titled is dreams and imperial vision . S. C. Gwynne a nice combination of all of them, airships as it turns out were competing with airplanes in the early century, starting in the first decade. Nobody really knew what was going to be the future of aviation back then. Both of them crashed all of the time. The problem with airships as we will see as we talk today is that there was a fundamentally flawed idea that essentially 40 years to play out completely, the airplanes crashed all of the time in the early days and they were fundamentally sound that could be improved. Part of what i am riding about is the two writing about, it is the focus of all of t
Went up in flames killing more people and destroyed 7 years later. Author sc gwynne opened book in england on october 4th, 1930, what was happening there that day . Well, in october 4th, 1930 a 770foot long air ship, largest thing that had ever flown, inow fact, something larger than the titanic by volume is about to take off from one trip in india as part of a scheme hatched by the british empire. It was for its they it was kind of a moon shot. A moon shot, a scheme that you call it. One of your chapters is called pipe dreams and imperial vision. How much was this airship . Actually a nice combination of all of them. Itit was air ship as it turns ot were a bad idea. They were competing with airplanes in the early centuries. Starting in the first decade of the century because nobody knew what where you say going to be the few houren of aviation. Both of them crashed all of the time. The problem with air ships as we will as we will say as we talked to is that it was a fundamentally flaw
Happening that day . October 4, 1930, is 770foot long airship, the largest thing everer clung, larger than the titanic about to take off on a trip which was in india as part of scheme by the British Empire and it was kind of a moonshot. One of your chapters is titled dream and imperial vision, hows much was the airship . A nice combination of all of them, airships as it turns out were competing with airplanes in the early century, starting in the first decade. Nobody really knew what was going to be the future of aviation back then. Both of them crashed all of the time. The problem with airships as we will see as we talk today is that there was a fundamentally flawed idea that essentially 40 years to play out completely, the airplanes crashed all of the time in the early days and they were fundamentally sound that could be improved. Part of what i am riding about is the two writing about, it is the focus of all of this effort to persuade people that airships were the way to go. A good
We need to get a snapshot of todays action with julie hyman. Julie we havent had big pullbacks recently. There has not been that Much Movement either way in u. S. Averages. The fact that we are seeing a pullback that is good getting there are these concerns about growth. The strategist over at Goldman Sachs says today that the recovery we have seen in the United States in the stock market is likely to falter before gets a second wind. There arere was two big issues. A slowdown in the buyback activity. He thinks the other reason is going to be the drop in profits for the s p 500. Take a look at the bloomberg. We are seeing the s p 500 strategists are still pessimistic. The median forecast is 2150. And im going to send it back to you. Belowthe dollar falling ¥110 for the First Time Since october of 2014. That means the yen is at its strongest level in a year and a half. It just illustrates the risk off trade we have been seeing. Negative Interest Rate policy continues to give jim at jap
We will discuss the markets in full detail in just a moment. Also want to let you know we are waiting on the president to make those comments from the white house on those new regulations regarding tax inversions, ones that have seemingly put that pfizer and allergan transaction, 160 billion transaction, in jeopardy at this hour. We will follow that story. We will take you live to the white house and we will discuss the broader ramifications of it as well. But lets begin with the markets. Stephanie, you do have the market. The dow heading for its worst twoday decline since february. Brent and wti are rolling over today. Is that what the rally hinges on . Well, i think we are waiting for earnings. Its always a tricky time between earnings because then we get so absorbed in the macro. Im actually looking at the dollar, looking like its peaked. Oil looks like its in a training range. Its not collapsing, its kind of stabilizing and in a range. Interest rates are low so i think thats a good