Barrons virtual round table, ben, weve been talking for weeks about how the market is rallying, seeming to ignore the horrible economic news. But this past week investors seemed to notice. Yeah. This was the week that we learned big tech cant hold the market up forever. For a while now, the datas been terrible, but the markets just kept going up on the backs of apple and amazon and microsoft, stocks like that. But this week began with rising tensions for china, and that should really hurt these stocks. When they started to fall, so did the rest of the market. And this week weve been getting some really, really bad data. If you look at the jobless claims, another 2. 6 million or so. Retail sales were awful. Those were released on friday. And Industrial Production is terrible. Just really terrible news thats coming out. And investors are really getting on edge over whether congress is going to be able to come together and deliver more stimulus to this market. Jack interesting crosscurren
Do you realize how prominent a. I. Is in your life today . Maybe you use facial recognition on your smart phone or gps to help you avoid traffic. The capability of a machine to imitate intelligent Human Behavior. Imitate. But we have only scratched the surface. Will computers transcend Human Behavior . Will we be cohabitating with robots . Are we heading towards a future that doesnt need us as in human beings. Artificial intelligence is change our lives from the way we do our jobs to the way we do business to the way we drive a car to the National Security tools we use. It has the potential to transform the world making us healthier and safer but at what cost . Tonight, the leading minds will help us understand the good, the bad, and the scary. This new Technology Brings with it concerns. Your assistants are getting smarter. The next level of computing has arrived. And its software studying your routines. Listening to your voice and recognizing your speech. Watching you work. Learning
But the e. U. May challenges deal with china. Up ad Morgan Stanley wraps big earnings week for u. S. Banks , with a beat. We are live from the Morgan Stanley global Alpha Investment conference in hong kong. Us trillion markets just open for trade. Sophie. Sophie asx us trillion marketst open for 600 the top smock the top stock market so far this year. Broadly speaking, asian futures are pointing higher and regional stocks are headed to a seventh weekly gain. We will see if the u. S. Tech rally feeds into asia, given bullish guidance. We did have alphabet joining the 1 trillion market cap club. Fed expected to stand pat on rates. Looking ahead to the chinese gdp report, futures in singapore closing higher after a three day drop was posted and the offshore yuan is headed for an eighth weekly rise. Thea top forecaster says yuan will in the year is one of asias worstperforming currencies. Shery lets go to first word news with jessica summers. Jessica the Senate Begins the formal impeachmen
[ bird caws ] im jamie colby, thrilled to be on my latest adventure, here in San Francisco. The woman at the heart of this story also loved to travel and took home the smallest of souvenirs from every place she visited. Those tiny keepsakes could add up to abigpayday for her heirs. My name is lise mousel. For over half a century, my glamorous aunt naomi traveled the world in style. She always had a surprise for us, but the biggest one came after she passed away. [ knock on door ] i want to know more about those surprises, so i meet lise and her mother, carol, at the condo where aunt naomi lived for more than 30 years. Lise now calls the place home. Oh, i love the way its decorated minimalist. It wasnt always true, when naomi was here. Really . Yes, there was stuff everywhere. There was furniture and there were antiquities, and then there were the beads. Beads everywhere. Beads . Beads. Naomi lindstroms story begins in a tiny logging town in british columbia, canada, where shes born in
Parking, all of those things. And so i welcome this. And i hope we do it. Thank you. Commissioner richards. So just to be clear its nothing that you just said that i would say i violently disagree with. I did meet with supervisor moore a couple weeks ago and he asked to meet with me because when i first met him i said you should take the reigns and show sacramento that we are doing something. But i said to him two weeks ago we need to be careful that if you do things that there is some type of protection that we dont do something and then all of a sudden something rolls over us and everything that we did actually was more not because now theres some new mandate out of sacramento. We spent weeks years, on the market octavia plan. We designed it, 45 feet in the middle of the block, 55 feet at the end of the block. Got 85 feet in the middle of the block now. These are the kinds of things im talking about. We got to be careful. Thats all im saying. Thank you. Let me just add one more thing