The first floor of the Convention Center here in washington, dc, is Thomas Friedman, thank you for being late. You did an hour presentation earlier. Almost like a ted talk. Guest is that good or bad . Host it was good but in case anyone didnt see it, in a nutshell, how do market forces, moores law and Mother Nature all come together . Guest well, the core theme of the book is were the world is not just changing, its being reshaped. And being reshaped by three simultaneous accelerations. What i call the market, Mother Nature and moores law. The market for me is in digital globalization. But everything is being digitized and globalized by facebook or amazon or pay pal. On a graph looks like a hockey stake. Mother nature is Climate Change and population growth in the developing world. Looks like a hockey stick, and moores laud says the speed and power of microchips will double every 24 months. Now closer to 30. On a graph looks like a hockey stick. Were in monday ol of the the hockey stic
Pat tens are do divine by prieseest priests and the priests are paid a lot of money for it. That is crazy. The truth is that people dont like taking responsibility for managing making their own Financial Decisions and so theyll always pay these priests, i think, just to get rid of the problem. A they cant get in their heads that not only is that person not an expert, theres no such thing as the expertise. They can get in anywhere head he was a bad expert, he lost my money. Chant get in their head they shouldnt be listening to anybody, and the damage that the intellectual work, the damage that can be done to wall street is minimal. Wall street is responding to psychological deep need and nothing to do with realism. You cant argue it away. So in short, i think the answer is, very little. Host where do you invest your money, just . In a mattress. Host if guest say you think wall street flows on bullshities not sag you dont think the American Economy is a incredible miracle, an engine of w
Retailer soar after the Company Raises its fullyear Profit Guidance on the back of a boost in demand to its directory business. And munich re shares hold steady after the german reinsurer warns of a hit to fullyear profits following Hurricane Season in the United States good morning great to have you with us once again. Its thursday, that means its one of those days where its boe day once again well talk about that later. Lets kick things off with a look at the European Equity markets. Just slightly lower to the tune of 0. 1 . Two things going on today. One is the weakness of basic resources. On the back of chinese data and the strength of retail the secoEuropean Markets, a lotf red here ftse 100 off 0. 1 . The xetra dax falling by 0. 25 now we comeback to the sectors basic resources lower after chineses fixed Asset Investment grew at its slowest pace in 18 years between january and august weaker than expected industrial output and retail sales were also reportedingi worries that econo
The first floor of the Convention Center here in washington, dc, is Thomas Friedman, thank you for being late. You did an hour presentation earlier. Almost like a ted talk. Guest is that good or bad . Host it was good but in case anyone didnt see it, in a nutshell, how do market forces, moores law and Mother Nature all come together . Guest well, the core theme of the book is were the world is not just changing, its being reshaped. And being reshaped by three simultaneous accelerations. What i call the market, Mother Nature and moores law. The market for me is in digital globalization. But everything is being digitized and globalized by facebook or amazon or pay pal. On a graph looks like a hockey stake. Mother nature is Climate Change and population growth in the developing world. Looks like a hockey stick, and moores laud says the speed and power of microchips will double every 24 months. Now closer to 30. On a graph looks like a hockey stick. Were in monday ol of the the hockey stic
Blockbuster contract. The fallout for fox and much more as power lunch starts right now. Happy monday. Stocks trying to build on what build the perfect week last week and its looking good. More record highs today. We pulled back just a bit. Earlier another record day and check out some of the movers. Investors arent playing around with hasboros week guidance. The biggest loser in the s p 500 right now but vans and vf corp going the other way. They raised their four year forecast. Also boosting their dividend by 10 . Im melissa lee we begin this hour with new comments from President Trump. Eamon javers is live with the latest. Reporter the president s with the Prime Minister of singapore today. Theyve had a number of events already. Some more on the schedule later on throughout the afternoon. Just within the past couple of minutes we saw the president sitting down there, you see the Prime Minister there in the oval office with the president. We also saw them signing a deal for Singapore