Markets. Dow is up 181, 30,150, all three of the averages setting record highs today. Shannon, you have made some very interesting moves in your portfolio, both what you have trimmed and what you have added to first to what you have trimmed apple and microsoft. T tell me why. So really two different stories here, scott. First of all, ill start with microsoft. As i talked about on the show, this is our Largest Holding and remains a very high convince for us we still have a lot of confidence in azure and the endtoend software it offers but from a portfolio perspective, it was time to trim apple, weve seen a significant runup, 75 in the last year and we really feel like a lot of that has come on multiple expansion. Weve gone from about 15 times to about 27 times. Although we do believe in the services storyand the mo monetization, we think there are better opportunities we trimmed back from a market weight to an underweight were going to continue to hold the stock and maybe look for oppor
The pandemic is raging works like a charm can this market really be that binary can it really be that stupid to borrow a line from that masterpiece of english literature, this is spinal tap, its a fine line between clever and stupid [ drumroll ] the dow only gained 300 points, the short answer is, yes, it really is that simple. When texas was forced to pause its reopening plan because of record covid infections, a m suddenly the stay at home stocks came back in style i guess the virus didnt get the memo about not messing with texas. Many of todays winners were the usual suspects that benefitted from the pandemic. Plus the oils and the banks, though that was a femoral, given everything was stay away from the banks. Any way, before we get into the specifics. How the heck can this market rally on truey terrible news we have a horrific outbreak in the sun belt, we hit a new record for covid cases yesterday. The virus is back in exponential growth mode. The human cost could be enorm s enorm
Thank you. [applause] mr. Holbrook howdy. Jfk emphasized the importance of the space race during a time of fear in the u. S. Incredible men and women took this challenge head on. Nasa became a beacon of hope for the nation. I am honored to introduce one of those legends. The man who pioneered apollo 11 and apollo 13. If you have ever heard the phrase houston, Tranquility Base is here, the eagle has landed. With great honor, i am here to introduce houston. Mr. Gene kranz. [applause] mr. Kranz thank you. It is a real privilege. I have a couple aggies in the family. To be introduced by an aggie. They told me i had three hours to speak, so we will have to be speaking through lunch here. But jared said no, he will give me a call when i have five minutes. So he is going to stand up and give me sort of a heads up. When i finish, i have a three minute video of the actual Lunar Landing. And i think that will put this year, this decade of the 50th anniversary in context of what is happening. I u
There i got into flight training. I became a naval aviator, and low and behold in 1958 nasa was formed and they were looking for astronauts. So i was one of the original 110 people selected to go for interviews. Lets go back to your Naval Academy days, you almost didnt go, is that right . That is right. I had two years at wisconsin. I informs a Naval Aviation program after world war ii. Have been the most important project in this century. I became the first alternate that usually doesnt make it, are and i got orders for the physical to be inducted into the academy if you so desired. And then i said should i go to the academy, they said dont do that, you two years of college, you have Naval Aviation, if you go back you have to start all over again, you might not get back in aviation, but there was an old captain there and he said if you want to make the navy your career, get yourself to the academy, that is what hatppened. I term paper, my first term paper, i wrote on the development o
Explosion on board. The interview is from the Oral History Program at the Johnson Space center. This is the Johnson Space Center Original history project, may 25th, 1999, at the Johnson Space center. When you were a little kid, you saw a rocket go off and you said i want to do that . Is it that simple or that complex . You know, i was interested in rockets and astronomy long before the glenns and the shepherds of the world could spell rocket. I was interested in it way back in high school. I went to try and build some rockets. I wanted to be a rocket engineer, as a matter of fact. I wrote to the American Rocket Society at that time which is now the aaia or Something Like that, and i said i want to be a rocket engineer, and they wrote back and said you need to go to i. T. Or cal tech, and i couldnt afford either so i got an rotc appointment to wisconsin and then from there i went to the Navel Academy and then i got the flight training. I became a naval aviator, and low and behold in 195