Arizona state university. It is really an honor and pleasure to have you with us today, your latest book, a saga of churchills family and defiance and as all of you probably know i am sure eric is the author fabulous books at dead weight in the garden of thieves, thunderstruck, double and white city. I have read most of your books but ive not read your first book, i was intrigued looking at your biography that you wrote a book called the naked consumer how companies spot on individual consumers, its a very future tense subject, maybe well have you come back and talk about that. I also love on your website, all of you should listen and check out, i think its air clarkson books. Com, i love on your website you have an alternative biography which is fantastic and you describe it as a book that you really like it nobody else did. I seriously doubt the foot im going to take a look at that. So welcome and thank you for having me on. Thank you for viewing with us. I think we should get right
Churchill as we were warming up. On the editorial director. Collaboration between new america and Arizona State university. We look at the applications of the impact of technology on society. Im also professor at the Contact School of journalism. Its really an honor and pleasure to have have you with us today eric. The splendid in the bio rate of father of churchill family and defiance during the blitz. As all of you probably know. And eric is also author of the books. Erik larson is the author of the splendid and the vile. And also the author of other books. I have read most of the rocks. Im not read your first book. I was intrigued looking at your biography. You run a book called the naked consumer about how companies spite on individual consumers produce actually a very touchy subject. So maybe ill have a come back and talk about that one. I also love your website. It is erik larson. Com. You have an alternative book as well. So welcome. Thank you for being with us. On it we should
Tepper and Stanley Druckenmiller both say stocks are overvalued u. S. china tensions flaring again as the fbi warns that chinese hackers are targeting covid19 research firms. We have a big lineup of guests today to help break down this selloff including bill mill miller, david harrah, david ruinstein and Liz Ann Saunders from Charles Schwab. Down 550 points, down 620 moments ago. Weve got full Team Coverage of todays market downturn. Scott wapner, mike santoli, and Steve Liesman with us. That bearish call from apple when asked about Hedge Fund Manager Stanley Druckenmillers assessment that the risk reward in the market is, quote, maybe as bad as ive seen it in my career, heres what he said. Its definitely as of yesterday, now the market is down from yesterday, i would say that, you know, 99 was more overvalued than 2000 but, yeah, i would say its one of the most overvalued markets, maybe second most overvalued i seechb the market is pretty full but theres a lot of liquidity there. Its
Dire projections and devastation from covid19. Were down five basis points good lineup today well speak exclusively with the cfo of tyson as concerns mount about the safety of Meat Processing plants. Plus, Mike Novogratz will join us on what he makes of Warren Buffetts comments on the airlines and market, plus, well speak with tom steyer about the path forward for america specifically, he sits on californias task force to reopen the economy along with janet yellen and tim cook. Well start with breaking news from the treasury. Kayla has more from washington the Treasury Department says it expects to borrow just shy of 3 trillion in this quarter alone to fund the expenditures outlined in the cares act stimulus and also to off set the individual and Business Task revenue thats not coming this because of that delayed deadline to say this is a record amount is an understatement the last record that the treasury saw for borrowing was the quarter july through september 2008 the height of the
Yes look, theres no doubt about it, as becky said, things are better after than before. Skeptics will say you cant ramp up this rna. Moderna has been saying they can do 800 million to 600 million to 900 million vaccines, and i think therefore the move in the dow and the move in moderna makes sense. Do i want to chase moderna no do i feel like things are better its hard to believe that anybody could do this this fast, except for moderna i want to caution people, they have never really done anything. This is a very, very big deal. But there are people scientists i talked to this morning who say look, so far so good thats much different from the way i felt on saturday when i learned that the oxford test that everyone was so excited about did nothing. So this is not on prime mateates is on humans if youre negative on the market, you have to rethink. People will say we have to buy value. Autos are pumping. This is good news. You dont think its a sell and stay at home kind of stocks day . I