Which is so relevant given the current discourse that is going on in our nation, the word a and d, the most powerful word in our language. With find out why in the power of and responsible business without tradeoffs. Thanks very much. A real treat to be back even if only virtually. In florida. Many years ago, as david mentioned, phd in philosophy. That was great, you will never have to worry about a job. Just opened a bunch of philosophy factories on the interstate and you will be fine. I got lucky to do a postdoc at wharton and always taught at Business Schools but i want to recapture if i can that sense of optimism and idealism in the shadows of this awful pandemic, and the really devastation that has occurred in many communities. I still remain incredibly optimistic we will find our way out of it, to Racial Justice and build a better world, all of us would like to do. I want to focus on the debate which exists about ethics in capitalism. There is an old story about business deeply r
Many different walks of life. Some are. Oddly tried but all of them come straight from the heart to see and when theres no more delusional school. From the finish of the law to their final resting place the russians g. W. Documentary. European officials tell china the books economys a not a plaything for beijing. Needs to be a. Norths. Rhetoric a thump that in the china summit beijing proves its economic might with new industrial numbers out today. Its already cost b. W. Billions now dilate greens to a major settlement to seal claims that cheated on diesel emissions tests in the us. Will continue to kill the color theyre using as europes summer comes to an end how restaurants going to cope when they considine is outdoors. And it was all a lets do business there is more data out today showing the chinese economy is recovering fast from the corona crisis in august industrial output grew by more than 5 percent thats the fastest growth in. Months at the same time retail sales have grown fo
There hasnt been a downturn like that in nearly 60 years the Asian Development bank says a recession in asias developing economies this year will set back efforts to live hundreds of millions of people out of poverty and it could get worse if the pandemic drags on the bank says the key to recovery is avoiding lock downs after months and. Teacher ing on the brink was finally ready to welcome back. Shed even invested her savings on trying to prove. But just when she thought she was back in business indonesia was again hit with lot done. Thats the way of the modern set that we only just managed to survive the 1st round of large scale social restrictions and here comes another one. For no im just relieved that we are barely surviving but it will definitely cause an impact on our income and. Asias g. D. P. Is expected to be minus 0. 7 percent this year dragged down by dismal results in india thailand the philippines indonesia itself and china next year is projected to be 6. 8 percent below
In a single session. Its worst ever single day. British drug giant astrazeneca halts the trial for safety review after an illness during its test. And British Airlines shares open lower ragging on the travel sector. A ton of Market Action here in europe. Lets look at how the markets are opening in the session a rebound coming together. Yesterday, the main benchmark dropped to 1. 61 in italian and french stocks. The market up and the cac 40 up 0. 7 initially, there was signs of trading coming through in the early moments on the back of this news late yesterday that they have halted their trials as one participant in the trial has fallen ill not enough to get the market down we are seeing positive momentum now. Lets look at positive sectors we have oil and gas up, telecom up and we saw the Oil Price Plunge wti falling 7. 6 brent down and we are seeing a bounce now utilities and majors are the best market. We have travel and leisure taking the biggest hit down 4. 4 we have a few stories c
But brad, welcome, its good to see you again. Great to see you. Thanks for having me. I wonder as a tech investor what you make of the nasdaq and that sector the last few days. Is it a simple correction or something more you probably saw last night i tweeted, pullback . What pullback . Precovid the multiple on the soft way growth index was about ten times sales it peaked about a week ago today were at 13 time sales were still 30 higher valuationses in software than we were before the paechbd. The same is true for growth internet precovid about 23 times next years ebitda. We peaked at about 35 times next years ebitda. Today were still at 32 times, so heart will hardly a correction in my books. Do you think some of these stocks got simply out of control in the way they went up parabolically . The characterization doesnt need to get worse. Its pretty good these are peak multiples for stocks in the middle of a Global Pandemic for most software companies, the pandemic has not accelerated th