And s p 500, nas in six weeks. Yeah. Well start with tech. More broadly, ipos and big tech valuations have been surging culture questions continue to brew in Silicon Valley as well i want to talk about that and a lot more with long time venture capitalist whose newest venture is a private and middle school with entrepreneurship baked into the curriculum Draper Associates founder tim draper joins us now. Tim, good to see you i want to start with your take on these markets i was talking just yesterday to the founder of rike. He said he isnt going public this year because he underestimated how well the ipo market was going to perform in a pandemic has that surprised you and what are you saying about it to your Portfolio Companies . Absolutely. I was blindsided i didnt realize that the government was going to print 13 trillion it has been strong for bitcoin and it sure has been good for the Public Markets particularly the tech stocks that have benefitted from that and i think people many p
Good afternoon, everyone. I am honored to welcome all of you here to the great city of San Francisco, bringing the economic leaders from across the asia pacific is an opportunity for us to learn from each other. San francisco has long had a history of serving as the connection between the United States and the asia pacific. Our golden gate has welcomed those seeking to bridge our cultures and our economies. In San Francisco, we have the spirit to take risks, to seek out whats new and different. We search for the next great idea. We dont just have the dreamers who look beyond whats possible, but we also have the builders with the talent to make the dream a reality. For decades, the San Francisco bay area has provided added the culture, the talent and the spirit to change the world. The spirit of apec, of finding Common Ground and of power, of economic collaboration , and of celebrating diverse cultures, reflects that same spirit of innovation. It is a spirit that has driven San Francisc
Economies. In San Francisco, we have the spirit to take risks, to seek out whats new and different. We search for the next great idea. We dont just have the dreamers who look beyond whats possible, but we also have the builders with the talent to make the dream a reality. For decades, the San Francisco bay area has provided added the culture, the talent and the spirit to change the world. The spirit of apec, of finding Common Ground and of power, of economic collaboration , and of celebrating diverse cultures, reflects that same spirit of innovation. It is a spirit that has driven San Francisco and the bay area to become the economic engine of the world. It is the spirit that will continue to propel businesses from across the Asia Pacific Region to be part of what is happening right here, right now. We are in the spring of yet another innovative boom in San Francisco, driven by the rapid rise of Artificial Intelligence science. We have more ai job openings of any major city in the coun
Bloomberg. This is what im seeing across the board. Theres a little bit of sidewayson moving for these equity movements. They seem to be tracking gains across asia. Traditional assets, the Dollar Strengthening the crude oil will keep an eye on that at just below 48. What could straight to the bloomberg first word news. On for thisame north korea this after kim jongun threatened to do just that. Any military action would require his nations approval. The German Economy extended its growth to the Second Quarter. That is just below the estimates in the Bloomberg Survey. It will come as welcome news for Angela Merkel. Asked hownt trump has china handles intellectual property. Beijings ministry of commerce responded by saying any protection would damage economic relations and hurt the business interest of both countries. And bill dudley says it is reasonable to plan next month. He also said he supports another Interest Rate increase this year if the economy evolves at we continue to monitor
We have to extremely dignified speakers and colleagues of mine on the podium today. They smiled but they know they are. Housing to ritchie first on my immediate right is a professor at the in warsaw poland. My has written widely on should all of the world. Her two books are absolutely fantastic. The two that i have read. Spouse metropolis, a history of berlin. I cant recommend that highly enough. And warsaw, 1944. Hibbler, himmler and the warsaw uprising. Alex is a member of the president ial Council Advisory board to spend to good advice to the using them for a while. We are truly lucky to have her. Alexs right. Conrad. He spent 26 years in active military service. Ofn including nine years hard duty as a professor of history at United States military academy. I say that with a smile having visited as a professor when youre. Faculty at United States military academy puts themselves on a list to open the building at 6 00 a. M. In the morning. Which is something that he tried in a academ