David i dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . After you left as secretary of treasury, hank, you did something that was unusual for many secretaries of treasury. Many of them go back into the finance world or go into the finance world if they have not been there before. You chose not to do that. Hank i really enjoyed my business career. I had 32 years there. I had an opportunity to serve my country. What i really wanted to do was take my experiences and apply them to addressing two of what i believe are the most pressing issues of our time. U. S. China relations and Climate Change. David many people say that when you are in the financial world you get on a merrygoround and cannot stop making money, but you said when you left treasury, i have enough money an
Business partners to speak of the future that they see in entertainment and education, which is front and center for mr. James. But also his future in basketball. This is a lengthy article. You will see a special tomorrow on Bloomberg Businessweek. We will have highlights for you all through the morning. Lebron james is something very different. For our International Audience, basketball is a shockingly simple game. Five players aside, there is a circle at the end 10 feet off the ground with netting, real simple, you put the ball in the basket and you go home. No one has done it like lebron james. I want to make clear, the shock of lebron james is that he is only 69. There are many other bigger, taller people in the sport, but no one has executed in the game like mr. James. He is called a power forward, and that is a big deal for a little guy at 69. Here is lebron james on his new entertainment venture, springhill. Lebron it stems from my upbringing, from akron. For us, when we talk ab
Different tone. The tone to me this morning, jon, is fascinating. The crosscurrents in the market, i can honestly say, in a zillion years, i have never seen how odd it is right now with the pandemic news, and of course some of that, china and beijing, wrapped around the reaffirmation of wall street, for some form of vshaped recovery. I was thunderstruck over the weekend, some of the optimism coming out of wall street houses. Jon we will talk about that later in the program. A fresh outbreak in beijing very much the focus this morning, the disappointing data as well. The data does not validate the exuberance we saw in the market as we saw in the month of june. Lisa that is the problem, that demand is not picking up. Even though we are seeing manufacturing pickup and production online, we will see perhaps production the consumer is not buying it. Junell be getting the u. S. Manufacturing press and we will take a look at what else in the day ahead we are also going to be hearing with from
Ahead on todays show, fashion in the time of coronavirus. Well speak to anna wintour about vogues new partnership with amazon on a Digital Store front. Plus we will speak to truist ceo about his efforts now for Coronavirus Relief lets focus in on the stories we are watching Steve Liesman with the highlights from the fed minutes. Just released in the last hour and oliver chen is with us to talk about retail earnings and the big box names he likes so far. Michael, start it off with you what stands out . Yeah. The market just bobbed right back up from that lateday selloff yesterday. In fact, the low for today in the s p 500 hit about three or four times was yesterdays high. So it seems as if, you know, big money investors continue to behave in a way that suggests they feel underexposed to stocks if theyre not going to pull back a lot weve been talking a lot about this rotation theme. You have small caps up a lot and fin tech and financial all were really doing is stretching the upside of
We should not learn too much new but the dollar index is a little subdued. We do have gold continued to rise. Crude oil after inventory showed up 4 . Rawdown at lets get a deeper dive into the Market Action with taylor riggs. Taylor i wanted to take a first look at an index we have not shown recently. It talks a lot about companies that are traded in the u. S. And get revenue and business over in china. You can see that the nasdaq index is off 1. 7 . This is lower after headlines in the senate boosted an oversight of Chinese Companies. It would certified there is no firm control and foreign control and could request Chinese Companies to delist from control. ,his comes as a separate story but the nasdaq said it would delist the company after revelations of county fraud. We are getting a lot of interesting news. This is a risk on tone filling. Crude is higher, the dollar is weaker, gold rising a little bit but so was copper so im trying not to read into that much. The 20 year bond auctio