Saying if the infection rate in new york state remained low and statewide give or take, it is low, hovering around the 1 mark the schools could open. Governor cuomo previously said if it stayed below 5 they could open if it were to spike up to 9 they would then close down so this is in line with that, what the governor is saying today. The most important part of all of this is what the local jurisdictions decide to do, and the way it played out in new york is that the local superintendents of School Districts around the state submitted their plan by last friday. Now, some didnt get a plan in at all but most did, and most of those superintendents submitted a plan that had some blended approach, meaning that even if School Districts be open to in person learning, students would not be going backtoschool five days a week, in some districts they would, but in most they would not. It be one or two or three days a week, some rotating system that allows the schools to have a smaller presence
Forth with portnoy on what you say are amazing insane moves that can continue. Yeah, i mean, understand there is florida has been so much comparison in 1999, 1999 was never like this. You had a lot of crumby companies that would go up a lot but nothing like this. I mean, we have major trillion Dollar Companies that are going up at a pace that weve obviously never seen because we didnt have trillion Dollar Companies before but i do think that my friend David Portnoy hes got a big cohort saying that stocks only go up and im just giving this is frightening im giving a little bit of homage here because, yes, if you got in when davie trade got in, i mean, all youve seen is up. So its not wrong for him to look at that i mean, the guy got in i think march 23rd when he decided to take the suits on directly i got up this morning, i said, geez, maybe i should wear jeans. I dont want to be like wrong. I want to be i dont want to be on the other side of the trade of this guy. His timing is excepti
From washington. Gerri, with the declines we start with you. Reporter thats right, jobless claims rising for the first time in 16 weeks. Stocks certainly didnt like it. The number above expectations and also above last week numbers. Also now these total numbers of claims in 18 weeks since those lockdowns started total 52 million. That is a third of the American Labor force. So you see these numbers disappointing. One bright spot, continuing claims. Tracking total number of unemployed workers receiving benefits, came in 870,000 less than expected. That is a bright spot. Even so all three major averages trading down. Nasdaq down more than two. Tectum blink big time. Apple, amazon trading lower. Microsoft had a good report yesterday but out with disappointing guidance still headed down. They say people are going into cyclical and value names. I will believe it when i see it on an ongoing basis. Tesla, planning to join the s p 500. That is ironic that stock being traded there. Gold, tesla,
John its just about every day. David did you ever play basketball with barack obama . John yeah, several times. David and is he a good player . John hes a very good player. Could you fix your tie, please . David well, people wouldnt recognize me if my tie was fixed, but ok. Just leave it. Alright. I dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on a life of an of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . So, youve have been doing Value Investing for 36 years. What is a Value Investor . John a Value Investor is someone who is looking for bargains. Were trying to find stocks that are selling at a 40 discount to what we think their private market value is. We want to make sure its got a low p ratio, a strong balance sheet, and has the ability to withstand the inevitable storms that will happen in the stock market. David now
I do not consider myself a journalist. No one else would consider myself a journalist. I began to take on a life of an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . Youve have been doing Value Investing for 36 years, what is a Value Investor . John a Value Investor is someone who is looking for bargains. Were trying to find stocks that are selling at a 40 discount to what we think their private market value is. We want to make sure it has a low p ratio, a strong Balance Sheet and has the ability to withstand the inevitable storms that will happen in the stock market. David Warren Buffett, is he a Value Investor . John he is the greatest Value Investor of all time. Sometimes people talk about if Michael Jordan is better than lebron james, but there is no question that warren is the best ever. David but Value Investing, as i understand it, is easier done when the markets are down. When the m