Dance i hope you dance good tuesday morning. Welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan at the New York Stock Exchange jon fortt is live on the ground in vegas covering ces 2020 for us more from him in a few moments we begin with tesla and elon musk in china, the stock opening at an alltime high. Eunice yoon has more elon musk definitely showed his enthusiasm for the Chinese Market and perhaps investors are taking a cue from that today musk did a little dance at a shanghai event which marked the delivery of teslas model 3s made in china to ten customers, to the general public, for the first time he also made several announcements saying that for the model y production would begin for this suv in china. He also said that the model y demand he believed was likely more than all other tesla cars combined he sees future models made in china at this factory and aims to open a Design Center to create an original car for the global market. The plan is to raise the Product
Fight Money Laundering. Another concerning the display of the p. O. W. M. I. A. Flag. You are watching live coverage from the floor of the house here on cspan. The speaker pro tempore the house will be in order. The prayer will be offered by guest chaplain reverend dr. Marilyn monroe harris, First Baptist church of teaneck, teaneck, new jersey. The chaplain let us pray. O lord, our gordon, how excellent our god, how excellent is your name on all the earth. We thank you for this day and we pray for those who gather in these hallowed halls and serve the United States of america. We pray that you sustain their physical bodies and wrap your arms around their loved ones. On this day, we ask that your holy presence become manifest, guide all with wisdom and discernment to implement just and sound policy. Engulf all with compassion for humanity and creation, infuse our hearts with your love. For it is your love, o lord, that is transformational. It is your love that seeks the greater good. It
Doing financially under the current administration, are you better off under President Trump . They want to know what you think and why. If you think you are doing better off we want to hear from you at 2027488000. If you do not think you are doing better off, we want to hear from you at 2027488001. Keep in mind that you can always reach us on social media on and facebookspanwj at facebook. Com cspan. Usa today made the new jobs report its top article, and heres what they wrote about it. Rebounded strongly as employers added 224,000 jobs, even recession fears and a Federal Reserve expected to cut Interest Rates. The Unemployment Rate ticked up from its 50 year low. The Later Department says. Payroll gains for may were 270 2000 from from 75,000. Economists surveyed by bloomberg expected 160,000 job gains. The job report shows that the u. S. Economy continues to create jobs even as we enter the longest period of economic expansion on the record said tony, managing had of citizens bank. B
Substantially lower than that. Exactly, bryan. When we are looking at Asset Allocation longterm particularly for plans that dont have as mat tour portfolio as you do. You run an efficient frontty which is a mathematical calculation of determining the best mix of assets at each level of risk, the optimum returning portfolio. If you assume that private equity volatility was significantly lower than public markets, you would put your money in private equity. From a long term projection standpoint, we put in what is a economic risk. Now the reality if you said what do i think your portfolio will actually do, you dont experience economic volatility in private equity through time because you have valuation processes as we have seen that are lagged and reduce that volatility. We have a separate volatility forecast. This is economic volatility. We have a separate set of volatility numbers to represent accounting volatility so the forecast for your portfolio would look more like what you think
Yes. Our experience is substantially lower than that. Exactly, bryan. When we are looking at Asset Allocation longterm particularly for plans that dont have as mat tour portfolio as you do. You run an efficient frontty which is a mathematical calculation of determining the best mix of assets at each level of risk, the optimum returning portfolio. If you assume that private equity volatility was significantly lower than public markets, you would put your money in private equity. From a long term projection standpoint, we put in what is a economic risk. Now the reality if you said what do i think your portfolio will actually do, you dont experience economic volatility in private equity through time because you have valuation processes as we have seen that are lagged and reduce that volatility. We have a separate volatility forecast. This is economic volatility. We have a separate set of volatility numbers to represent accounting volatility so the forecast for your portfolio would look mo