Verdes. Sarah eisen and mike san tolly holding down the fort at post 9. The nasdaq hitting a fresh record high. A number of big names taking the stage on day one. From his relationship with washington to Driverless Cars to an impact on society. It is recurring panic. People get all amped up that they are going to take the jobs. The jobs that were taken by the auto was 1,000 x, the number that the black smiths have. They call it the labor fallacy, which is technological change causes productivity growth and that lets us produce more of what we can already make with less resources and lets us create. Thats what frees up the spending power to create lots of new things and new demand. Thats what creates new industries and jobs. 100 years later, we look back and think, i cant believe anybody was ever a black smith. Joining us this morning, Karen Swisher is here with us and walt mossberg. Good morning. It is good to see you both. This illustrates the best the ability to take a moment to pond