We are quite pleased to be hosting James Stewart this evening anyone that has followed the journalism to help launch the American Lawyer magazine in 1987 of the stockmarket crash and in 1992 left the journal to establish the money magazine and start writing for the new yorker. For the past eight years hes been a columnist for the New York Times in his weekly column in the sense look at the world of business, one for distinguished commentary in 2016. In his spare time he is a professor at columbia universi university. He has written nine previous books among them from nearly 30 years ago as wall street journal covered and adults into the Insider Trading scandals of the 1980s and other works included a blood sport in 1996 about the Clinton White house and about a doctor that was a serial killer part of a soldier in 2002 retracing the life of a single victim september 11 attacks and disney war in 2005, recounting the carpet in triggering the 20 year tenure at the walt disney company. The
Earnings season when theres too much to keep track of and the action seems to stop making sense. The dow gained 46, the s p advanced and the nasdaq climbed up, you have every right to be extremely frustrated stocks that should be going up are going down stocks that should be down are going up human sacrifice, dogs and cats are living together, mass hysteria theres a method to that markets madness you need to understand it. Otherwise, youll have no idea whatsing if on whats going on a close investor is a bad investor so let me walk through some of the craziest examples. Im going to start with caterpillar. Caterpillar, the stock huge shortfall in response of course the stock correctly plunged 6 in Early Morning trading. Well, i thought it was a bit of an overreaction, nothing unusual about a stock going down in disappointing numbers is there its what happens next thats should we take our cue from this hard to explain. Cat down 6 and slowly rebounded. If you saw it near the low, this is a
Nomination of Barbara Barrett to be the next air force secretary, with a final vote on her scheduled for 4 15 eastern. And now to live coverage of the u. S. Senate here on cspan2. The presiding officer the senate will come to order. Todays opening prayer will be offered by Giani Sukhvinder Singh of milbourne, pennsylvania. The guest chaplain good morning. Let us pray. One universal creator god, by the grace of the true guru. Almighty god, we call you by many names but you are one. Keep your divine hand over the members of this senate as they help steer the future of our great nation. Keep truth on our tongues, love in our hearts, and sound judgment in our minds. Remind us of our purpose to love and serve one another and create a more peaceful world. We ask for blessings unto all leaders as they work for the common good. Give all who govern this land humility and courage, integrity and compassion. Release each one of us from ego so that we may serve selflessly. Help us remember that we
A possible crackdown. Well i agree with most of what mr the memo has just said i think its a long overdue movement egyptians have been brutalized by ceases government for more than 5 years no other government in egypt streets in history has crushed gyptian basic rights the way sisi has done his jailed tens of thousands for simply exercising their rights and his Security Forces have killed. Thousands of protesters woods near absolute impunity there is no way in egypt now adays to voice them to the government without facing jail or even this. And being killed by security agencies and i think. This moment was coming i mean. I think there is a consensus among analysts who have been following egypt in the past years that there is regions of society and no windows there are no channels to you know express anger or express frustration or voice the simplest kurtzs into the government and i think. This is what we are seeing what we have seen tonight its the result of seizes policies over the bu
But its different to quote the incentive into place then to taking clear regulatory decision and determining some action that must happen but eyes big thank you very much head of the European Energy policy think tank or any given to thank you thanks to you on ounce developments over here britains breakfast secretary has expressed optimism after a meeting with the chief negotiator Stephen Barclay says there is common purpose between the u. K. And the e. U. To see it withdrawn agreement in place by october 31st the talks between barclay Michel Barnier focused on the contentious irish border issue the gauche ations accuser continue on monday as Prime Minister parsed johnson meets e. U. Council president donald terse in new york. Well we had serious detailed discussions today with the ship on any steam theres a common purpose we both want to see deal a very clear message has been given both by president younger and the Prime Minister who want to see the teams reach a deal the meeting actua