I want to start off by sort of taking the temperature here. I want you to listen to what the former twitter ceo had to say. Frothy. Word association. Late stage private valuations are quite high. Its just too crazy right now. Its got all the sort of hall marks of that 20002001 where you are like this is getting it feels like that with just the prices youre seeing being paid for things that dont even feel like they are really working at scale yet. Those were interesting comments yesterday. Do you dproagree . Its a good place to start to not disagree with dick when it comes to perspective on Silicon Valley. However, i would say comparing it to 2000 and 2001, we are under two on the ten year. Multiples are an inverse of that. I look at it. Our Gross Software index is off 30 from the highs. Certainly, we can point to examples. Were going to talk about them today of late stage private valuations that are high. We have a tremendous amount of capital. But i would say as a general matter, i do
Page. Boris johnson will suspend parliament next month to limit debate on a no deal divorce. Joining chinas internet leaders to discuss the future of Artificial Intelligence. This trip threatens to annoy President Trump. Marketset a check of and how they closed at the end of the u. S. Session. The dow adding 258. 12 s p 500 was down. 7 . Everyone was in the green except for utilities. Energy shares beating utilities. The u. S. For more than expected. The volatility was low. Not volatility, but volume. Trading was around 15 below average. And lets look at how we are setting up in asia. Nexta we are set for a open in asia. We are waiting for the latest on the trade headlines as investors are held captive. But we did get positive news that chinese negotiators are talks. D to come for it looks like nikkei futures will open a bit lower, down about. 1 right now. That is going to be reversing the gains of two Straight Days. Futures like half the have little change and we saw it open up around
Announcing a new 10 percent tariff on 300000000000. 00 worth of chinese goods and announced another 5 percent hike effective from this sunday for some products others at the end of the year those last juvies would follow the whole important Holiday Shopping season but by then nearly all chinese goods entering the u. S. Would be subject to punitive levies so far china has always retaliated in kind but may not prior to their next meeting in washington. The statements from the Chinese Trade Ministry sounded like china is eager to end the trade war they stated that theyll be discussing the tit for tat tariffs with the us side in september. Through all the fun just china would have plenty of opportunities to implement countermeasures but in the Current Situation we believe that we should 1st discuss suspending the newest tariffs on chinese products with some 550000000000 us dollars we have to make sure that the trade war doesnt escalate situations. The next round of us punitive tariffs goes
Has lived in poland for 5 years he actively supports german polish Economic Cooperation but he didnt expect this particular debate topic to resurface. I was surprised when i heard about polands demands for german reparations and i was seriously shocked when i saw that many of my friends young poles who dont sympathise with the government saying that they could understand why the government wants this. Why they feel that germany has not yet built sufficiently with what they did to poland. 50 times more sauce oldtown is a symbol of german guilt the city was completely destroyed during the 2nd world war and then rebuilt without any help from germany now after almost 80 years berlin is being handed the bill a Parliamentary Committee has been working on a draft for the government so they can finally put this topic to rest even though for decades they had already considered it closed. Doesnt like the fact were talking about reparations we understand that. But for us the ease and important to
Threatens to impact multinational businesses some companies have managed to find ways to insulate themselves and achieve profitability maersk the Worlds Largest Container Shipping Company recorded a net profit of 134000000 dollars and the 2nd quarter of the year beating expectations the result was due to a strong focus on improving profitability in existing businesses rather than going for volume and market share reaffirms guidance as they continue to see positive impacts of increased revenue from their supply Chain Management this offset the decline in earnings from sea and air freight walmart also beat expectations and raised outlook for the full year the company attributes its gains from its fast growing ecommerce business which surge 7037 percent this quarter Online Business got a boost from the gradual rollout of next day delivery across the United States while additional tariffs on consumer goods remain a headache for walmart it managed to insulate itself by adjusting their produ