Power lunch starts right now and welcome to power lunch, im Michelle Carusocabrera despite ges drag, although were watching to see if it goes positive, major averages are hitting record highs again dow, s p 500 on track for their sixth straight week of gains check out some of the movers the Home Builders are higher, the etf that tracks them, itb, trading at a more than tenyear high on pace for its eighth consecutive weekly gain. P mp p g down 8 . Paypal rallying on its earnings beat brian . Thank you very much big day for the markets, big day for the markets really they say everything is bigger in texas including todays power lunch because guess what, were back in houston and with the billion dollar buyer, himself, hanging out with his new toeam, the houston rockets. 2 billion buyer of the rockets. Going to join us for the next couple hours we have great guests we got the mayor on, might get a visit from cp iii and james harden, and the man many consider to be the best Hedge Fund Trade
To pick somebody to run against coolidge and they at least felt like they had a couple of good candidates to choose between. This is a time when they choose their nominees at the big meeting of the national par ty. When the democrats converged in the summer of 1924 they knew they had two front runnerrunner a democrat named al smith. Governor of new york at the time. And William Gibbs mcdue. He was originally from tennessee, ultimately became a senator from california in the Woodrow Wilson administration. He was secretary of the treasury and he pulled sauf toff the maj of marrying president wilsons daughter while wilson was president and mcdue was serving as the secretary of treasury. They held the wedding at the white house. It was a big deal. Mack ka due is the soninlaw of the former president , a former treasury secretary, a senator, very rich with tie to the west and the south, vase chairman of the Democratic Party. Very very very well connected. And in fact the last time democrats
As president coolidge was pretty widely liked, he was overseeing a pretty good economy, running basically as an incumbent to try to hold on to the seat. And the democrats knew that coolidge was going to be hard to but the democrats headed into their convention that year in the hot summer of 19th 24 intending to pick somebody to run against coolidge and they at least felt like they had a couple of good candidates to choose between. This is a time when they choose their nominees at the big meeting of the national party. When the democrats converged in new york city the summer of 1924 they knew they had two front runners, one a democrat named al smith. Who was very popular, he was governor of new york at the time. His chief rival for the nomination that year was a guy named william goes by mcadoo. He was originally from tennessee, ultimately became a senator from california in the Woodrow Wilson administration. He was secretary of the treasury and he pulled off the major coup of marrying
Number 24. You need chromium to make stainless steel. Its a useful, necessary thing in modern life. Mining and processing it, though, tend to be very, very toxic enterprises. If you like chrome, you probably would not be siked to have your home Orchids School near a chromium filter. Onethird of all the chromium in the world apparently comes from here, from this former soviet facility in western kazakhstan close to the russian border. Mark champion did a report on how toxic and dire the conditions are at that facility, but he also got these simple sad story of the finances of that place, and how the finances of that place that produces a third of the chromium in the world ended up connected to the president of the United States. When the sounion broke up, one thing that happened at plants, people were given shares at the place they worked at. They were going to be employee owners. Mark champion reports how the regular workers, those regular employe employees, people working in toxic con
Onethird of all the chromium in the world apparently comes from here, this former soviet facility in western kazakhstan. Mark chamber on Bloomberg News did a report on how toxic and dwyer the conditions are in that facility. He got a simple, sad story of the finances of that place and how it produces a third of the chromium in the world ended connected to the president of the United States. When the soviet union broke up and former states tried to create a new post economic systems for themselves. One of the things that happened like this plant, like this chromium facility like the people that worked there were given shares in the place they worked at. They were going to be employee owners. Mark champion reports on those regular employees working on this toxic conditions to supply the world with chromium, they were forced to give up those shares and sell their shares and sell them for basically nothing. The entity on the other end of that forced transaction, for which they were forced