Announcer tonight on late night with seth meyers, jim belushi. Star of hbos succession, actress sarah snook. Author of must i go, yiyun li. Featuring the 8g band with fred armisen and no Seth Meyers Seth welcome to late night. Hows everybody doing tonight . My parents are visiting me right now. So im doing great even though im apparently a little skinny and i curse too much and isnt it a little early for a cocktail, seth and anyway, lets get to the news during a press conference yesterday, President Trump claimed that the 1918 spanish flu probably ended world war ii. Are you kidding . They were more than two decades apart. I know you dont think thats a big difference, but it is. It is. Thats right, President Trump claimed that the 1918 spanish flu probably ended world war ii despite the two events happening more than two decades apart. Look, i get it its confusing were in the year 2020 and somehow the only band on tour right now is smash mouth i mean, the years start coming and they do
About what everybody else is worrying about the flipside of this is also true there is no point in getting excited about something that everybody else is eagerly anticipating why . Because when the vast majority of investors agree that somethings going to happen, that thing tends to already be priced into the stock market while the real economy moves at its own sedate pace you have to build out goods to transport them to retail outlets and wait for the customer to come along and buy them the stock market has no such limitations. Stocks dont quite travel at the speed of light well, how about the speed of thought . They come pretty close the moment of preponderance of hedge fund and Mutual Fund Managers decide that the economy is slowing or speeding up or flat lining, stocks start trading like thats the case instantaneously. It usually takes some time to build that kind of consensus which is why you rarely see these most happening all at once but once the big institutional Portfolio Mana
Classes, history classes, Foreign Language classes you can graduate with a deep understanding of quantum phys s physics. You can get a ph. D. In modern literature they teach that in school if you get enough education but you know the one thing they almost never teach in middle school or high school, to say nothing of college, Financial Literacy and im not talking about economics here you could be an econ major and still learn nothing about personal financial planning, retirement readiness, let alone how to invest your money wisely. Money is just not talked about its almost like a third rail of American Education youre a thousand times more likely to read doss capital. Marx is actually a pretty good economist, hes not going to show you how to balance a checkbook, let alone manage a portfolio of stocks. Financial literacy, the third rail thats why aisim on a Constant Mission to teach you how to manage your money so you can be a better investor. Think of this show as a continuing educatio
Now becky quick. We begin with the weather we cant change it or improve it, though we can complain about it but as Steve Liesman found thanks to big data and supercomputers meteorologists could make predictions with greater accuracy and that could have a huge impact on local economy. Better weather is this weeks cover story. Reporter in develops companies, our smartphones warn us, but people around the globe lack even basic forecasts. But with super compute going ibm launched graph, a forecasting model. It says that graph will provide accurate forecasts not for a few places, but for the entire world. This model is named after the ancient god that ruled the super sky. It puts 12 trillion pieces of weather data every day for 26 million location around the world. The super computer is so fast, this massive model provides new forecasts every hour were getting down to kind of the Cellular Level of the thunderstorms now where we werent able to do that before and with that information we can
Physics. Foreign language classes, you can graduate from college speaking four languages. You can get a phd in early modern literature. Did you know john milton lost political pamphlets. They teach that in school if you get enough education you know the one thing they almost never teach in middle school and high school, say nothing of College Financial literacy and im not talking about economics here you can be an econ major and know nothing about personal financial planning, retirement readiness, let on how to invest your money wisely. Money is not talked about. Its almost like its a third rail of American Education youre 1,000 times more likely to read dos, an important book, good economists but not going to show you how to balance a checkbook, let alone manage a portfolio of stocks. Financial literacy the third rail and thats why im on a Constant Mission to teach you how to manage your money so you can be a better investor. I want you to make more money. Think of it as continue educ