Thank news are actually old concepts. Maybe i can ask anyone here, are you a classic scholar. How did he translate news into latin. I dont expect anyone to know that. Does anyone know this. You are not old enough. [laughter] the latin word is rumor. It is the same meaning as today. These to beat worried about rumors in those days so they can make or break you. So has brought new in my scope of history way back. So im interested in understanding economics events. Like what causes a boom like what causes a boom or a session with some countries seem to be prosperous and others not. That is the wealth of the nati nation. I am taking what i say is and in usual perspective on it. That thinking that these events happen not because of some exogenous, if it like sunspots. But be because of talk. Most of you are not economists right. When i said sunspots, there is a famous article in the late 19th century, by William Stanley devens. He was a british economist who said that he finally figured out
So that we can continue all hear and make sure the conversation is recorded. Copies of the books are behind the register so you can grab your copy and there will be a line right here for the signing. Afterwards, if you please hold up your shares to the next goal of the bookshelf leaned them up there, we would appreciate that. Now to the main if it. It is my great pleasure to introduce Robert Shiller, hes an american economist academic in the best la author. As of 2018, he served as a professor of economics at Yelp University and he is the fellow of the l school of Management International center for finance. In 2013, together with eugene and hassan, he received the nobel memorial Economic Sciences for their critical analysis. We are today to hear more about his new book, economics. All stories go viral and drive Major Economic events. In todays world, contents going viral has become imperative for everyone. From individuals hoping for their more 15 minutes of fame. Two businesses and m
Around the world, from riyadh to london to new york and washington. Bloomberg voices are on the ground with all of the mornings top stories. We want to start with breaking news out of london, where the labour party says it will support a general election. Boris johnson will try for the fourth time to secure election. Joining us now is emma chandra from london. What just happened . What is the lineup today . Emma we are seeing the pound off aftergher, paring spiking higher today. Saying they will now back in early general election, saying that conditions that a new deal brexit be off the table have been met. S is key because ivan the because even though the Prime Minister is asking for a general election again today, one that requires a smaller majority than yesterday, hed still needs some opposition support for that bill to pass. We understand there will be a vote on that later today. It would set the date of a new general election. The government saying that would be to summer 12th, b
Concerns over software and tech stocks lower weve been up, down, all around for the markets today. As we stand, though, with 59 minutes, were higher on the dow, lower on the s p. Joining us for the full hour, from capital usa, keith, good afternoon to you. Thank you, wilf. Earnings been Strong Enough so far or have they been resoundingly strong this week . Theyve been strong so far. I think the markets have been less than vigorous, shall we say, the last couple of months i think well enter a period less vigorous than it was before thats going to be a key component for how we evaluate the economy and market Going Forward. Lets check in on the markets. S p 500 down by about 0. 1 and the dow higher by four points so far. Retail sales, and eamon javers has the latest on trade lets start with wilf on the banks. Bank of america reported this morning. They continue to feed from yesterday, the impact of low rates, while negative, has been less bad than feared that interest margin was down only
I guess investors liked what they saw the dow is going to be up what maybe 80 points after whopping great gang in last two days same story with the s p up about a third of one percent. The nasdaq is going to be up a quarter of one percent. As of now by the way all three within a breath all time record highs. The political news of the day, my opinion good news for democrats howard shuttle starbucks billionaire will not run for the presidency so antitrump volt will not be split and it will be a straightforward election between mr. Trump and the left. On todays show is america the best performing economy . Will the market hit new highs were very close and yes, larry kudlow with the view from the white house. Varney company is about to begin. Yes we will have more on jobs report in just a moment hold on few birse former starbucks ceo howard shuttle will not run for the presidency he had a statement what did he say . Here request this is what he said, quote, not enough people today are will