Alright. 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 . For about 20 years or so, you have been the wealthiest man in the world. But because you have given away so much money recently, jeff bezos became wealthier. Do you think if you had stayed in college and gotten your College Degree [laughter] i mean, you dont feel inadequate now, being only the second wealthiest man in the world, is that right . Bill no. I mean it is a sign that i have not given the money away fast enough to drop out of the top 10. And, you know, the market has been strong. [applause] david actually, the market has been strong. Microsoft is up 35 this year. So to what do you attribute that . Bill the company is doing super well. Satya nadella is a great ceo. You know, the whole dream of the i
Not a good sign. Everyone is kind of getting out of its way. The bond market seems to be concerned about a recession. The bond market is telling you it is a very dark outlook. Its not just about growth, its about potential qe, potentially lower forward guidance. Whether that is the right plan or not, they are going to zero. The u. S. , unfortunately, will be dragged down more toward europe. The rates market has another 25 basis points it could go. There are so many assumptions that are being repriced now. Be careful out there. Jonathan joining me around the table is george rusnak, oksana aronov, and gershon distenfeld. Oksana, lets begin with you. Remember the payrolls report . Oksana vaguely. Jonathan do you remember the rate cut earlier this week . How long has this week been . Oksana one of the longest but also one of the most exciting. If you were coming into this with a lot of dry powder, as we are, this is like christmas morning, although we are just getting warmed up. We have be
What we are seeing in china move to the Global Supply chain. We will see mixed pmi globally. The pmi will continue falling. It will be a big hit to china, hong kong, maybe all of asia. The bond market is saying something is wrong. You look at where we are in 10 year yields. Fixed income yields keep falling. Yields are incredibly low. Very low yields. They are pricing in structural stagnation, recession, or deflation. Weakness overseas, negative yields overseas and the relative attractiveness of the treasury. Investors trying to find safe havens to ride some of this out. Jonathan joining me around the table in new york, priya misra, vishwanath tirupattur, and from minneapolis, Tony Rodriguez. We will talk about the data and then move into the treasury market. Lets begin with the data. It is really quite messy and difficult to get your hands around. Priya it is, but todays data is the only data point where we can say the u. S. Might be impacted by the coronavirus. I would say you look at
Recount in that fight for a p g board seat and cisco shares up 6 premarket on an earningsdriven recovery walmart, though, is up sharply in the premarket the dow component reporting better than expected earnings, revenue, and comps, which were the best in eight years. Online sales up 50 . Walmart issued some upbeat guidance for the full year jim, you just said to joe, that Doug Mcmillen may have reinvented this company for real hes done a great job in bringing in mark rory of jersey fame hes done a lot of tech stuff for jet. Com. Smart. I think this was the quarter where you realize, were playing for keeps. We can actually make a lot of money, cutting prices, bringing people in, well, whos that . Thats amazon. So we found our toetotoe now the stock was down yesterday, down about a buck and a half, off of target. That turned out to be a mistake. This company is taking share by the way, online 50 is rather remarkable this is a reinvention. And i think that people have to recognize, when w
Roadmap begins with President Trump morking north koreas nukes and mega chinese deal block, and shares of intel are down reports the i. T. Industry is bracing for news of a major security flaw affecting intel chips. It did not take long for stocks to make history in 18, that is d nasdaq closed above 7,000 for first time best day since october 27th. Whats going on with tech . I think that the profit taking ended i believe that there was a huge amount of money that left tech and went over to industrials and a large part because the gains were so great, also because there was a feeling that you could select your lot because of the new tax code, it made sense and turn out it didnt matter. Whats really happening here, carl, it is just an unprecedented amount of research as possible. I sent i sent a list today, theres 35 upgrades and what happened is that nobody seemed to realize that nothing is built in every one of these notes is about how tax reform, tax reform or unbelievable Holiday Sea