Antigovernment protests. Well played as a mocking the 75th anniversary of the United Nations it comes as the run of ours pandemic poses immense challenges signature general antonio who ted is today called for more International Cooperation and multilateralism covered 19 and face environmental challenges because of the pandemic the event is taking place online with many latest delivering speeches by video. Huge wildfire northeast of los angeles threatening hons for the fish will psychometry winds could help firefighters get it under control the bobcat 5 covers 427 kilometers thousands of residents been told to evacuate the blaze has been burning for more than 3 weeks. This is datable the news from perth then you can follow us on twitter and instagram at news all visit our website the w dot com. There has never been a 3rd world war a fact which speaks to the success of the United Nations as it turns 75 this year with age that stability is showing signs of fragility multilateralism workin
Event with Nicholson Baker, joining the conversation by christopher. Thank you for joining us tonight. Harvard bookstore continues to bring authors to our community and new digital community. As always, our events scheduled also appears on our website at harvard. Com events where you can sign up for email news letter. This evenings discussion will conclude with questions and if you have any questions, click on q a bottom. In the chat i will be posting a link to purchase and donate and support series in the store. Your purchases an contributions make tonight possible. Thank you so much for showing up and tuning in support of authors at Harvard Bookstore. We appreciate your support now and always. As you may have experienced in virtual gatherings the last few weeks, months, technical issues may arise. [laughter] if they do, we will do our best to resolve them quickly and we thank you for your patience and understanding. And now im so pleased to introduce tonights speakers, Nicholson Bake
The nasdaq was lower but it is catching up. And the dowup. 9 up by about as much. The dollar index is stronger. Still below 93. Two of the better performing stocks, brownforman which is the topperforming stock primarily thanks to a surge in spirits and of course, the Michael Jordan news. Rally,g with the equity citigroups Tobias Levkovich recently raising his target on the s p 500 to 3300. He joins us now by phone. Thank you for joining. We are a little bit higher than that right now. There is going to be a leg lower to this market. It is still going to hold up somewhat into the end of the year. We are not going to see a crash according to you. Tobias the best way to put this is the fed is going to prevent it in many respects in terms of policy initiatives where there is this fascinating feedback loop phenomenon where stock prices go down, he will start getting very worried. People will start getting very worried. It will ebb and flow. It is unlikely for the markets of the you about 40
An upgrade yes, thats a hint. We start off tonight with hello from the other side hello from the other side are the markets trading like we are on the other side of the Coronavirus Crisis despite the spike in cases around the country . The reopening trade, that was on fire today and so far this week, cyclicals have been the big gainers, industrials, energy, materials and small caps what has under performed, Big Cap Technology guy, whats going on here . Are we on the other side as far as the stock market is concerned . I tell you whats going on here im going to offend 90 of our audience by saying despite the fact that adele is a huge fast money fan, that might be the most annoying song in the history of mankind. Thats why we used it. Notice i was closing my eyes. Hello from the other side thats why we keep playing it. Trying to zen out typically on a thursday im in a really good mood you play that and im miserable now. I dont know what to tell you. What i tell you about the other side i
Treasury secretary digging in his heels on the topic of reopening saying, we cant shut down the economy again, sarah. Gary he cou gary cohn joins us and last month there were more bubbles to come hell join us to weigh in on todays down turn. And the black swan of 020, thats what sequoia labelled the pandemic in march. Well talk to partner roelof botha about how he views the startup landscape right now lets get to the selloff and our team of reporters to break it down mike santoli tracking the plunge Brian Sullivan on energy stocks. Meg terrell covering one big area of the market for the market, the rise in covid19 cases in some states mike, start us off with the broader ugly action that youre seeing in the final hour of trade. There was an easy way to deal with that and hard way we took the hard way a sharp and violent flush, maybe the start of something deeper. I want to point out stops along the way. The easy way is to flatten out the rally and go side ways were below a 5 pullback. T