Child for antitrust how it could become the post posterchild for a market pullback time to risk less. Theres a growing sector of the bank any time theres a growing activity in the banking seccer it to could be time to take a breath carter thats right, with the bump up in rates, regional banks have come back to life in a big way theres been m a in the Asset Management space so were going to look at some of these areas of the market in relation to the republican and zero in on blackrock the first chart you have three lines even though it looks like two. The top line is the s p. The threeyear chart, s p up 38 . The two other lines are tightical and two separate Industry Groups in the s p the first is s p 500 investment banks and brokers, thats goldman sachs, Morgan Stanley and others and the other is s p 500 Asset Managers and trust banks, things like t. Rowe, blackrock, invesco, state street and so forth imagine on a threeyear basis having no gains. Look at a chart since the financial cr
Especial good morning on sirius xm channel 119, and the path of hurricane laura. That will be a long pass of rain over the next number of days. It is a natural disaster, and every expert says, not that it will affect national gdp, but nevertheless a profound storm. Lisa it really raises the question of what resources the United States has to do with a storm of this magnitude, the biggest storm hitting the u. S. In records going back to the 1800s. How much we have to combat this at a time of such economic distress. Tom galveston here, i believe, and the sunrise over to lake charles and onto new orleans. The path really centered right on the louisiana western border and texas eastern border. Landfall with 150 miles per hour, a scope back to 1856. We fall back to the jobless claims in 28 minutes. We are numbed by one million a week. Lisa i dont understand the relationship right now between the economic at and markets. We are at record highs for the s p and nasdaq, a little off that, and y
Developing space projects. Please welcome Christian Zur of the Space Industry Council, us chamber of commerce. Good morning and thank you to the chamber of commerce, launching the space economy. Our Second Annual space summit. Events such as this are team effort and we appreciate the support of our sponsors, boeing, northrup, rocket lab, one web, hawkeye 360, we have been busy in the past year from policy discussions ranging from management of commercial aviation and space launch airspace to small satellite encryption and the orbit assurance, commercial opportunities aboard the iss and future gateway. We convened a roundtable for the coast guard regarding the need for greater use of space surveillance in the arctic waterways. And Space Industry Council has an effort for policy pursuits. Fortunately we have an enthusiastic space industry ceo. And it sums up the chambers approach to the entire sector for which i will quote. Harnessing the potential of space will be no easy feat. It took
Good morning, and welcome to the u. S. Chamber of commerce and to launch, the space economy, our Second Annual space summit. Events such as this are a team effort and we deeply appreciate the support of our sponsors, boeing, northrop, rocket lab, oneweb, hawkeye 360, and ascend. We have been businessy over the past year. From policy discussions ranging from management of commercial aviation and space launch airspace, to small satellite encryption and deorbit insurance and commercial opportunities aboard the iss and future gateway. We even convened a roundtable with a commandant of the u. S. Coast guard regarding the need of greater use of spaceenabled surveillance of the arctic waterways. Suffice to say the chambers procurement and Space Industry Council has an everexpanding set of policy pursuits. Fortunately, we have an enthusiastic space industry ceo here at the chamber. After last years summit tom donahue bro an articwrote an ar which i will quote. He wrote, harnessing the economic
Soybean and pork shipments that putses up 343 points on the dow. We are positive for the week as a whole now despite the declines earlier on this week joining us for the first hour, nathan from risk aver sal advisers so that point exact ly that wer up. 2 on s p, do you think the b jobs number justifies that given where we were monday, tuesday . I think its helpful when you think about the weak ism data and services this week that was a cause of concern. Especially if you did not have a lot of confidence that we were going to have the fear of increas increas increased tariffs taking off so this kind of mitigates that and here we are in familiar territory back at all time highs. Theres a lot of cross currents here what has happened to get us here you know, the fed has expanded the Balance Sheet by 300 300 billion, right and theyve lowered Interest Rates three times, 75 basis points in the last four months just to get us and keep us here. Were going to focus in on the big stories were wat