Power lunch starts right now the s p 500 briefly dipping below 3,000. Bob has more on todays sell off. This is a very interesting day because its complicated we had a 70point swing in the s p 500. Wii right on the verge of going positive its not simple to say this is a day when the cyclicals started rallying the market is bit unsure of what to do. Just take a look at the dow leadership here. You say, look at all these industries rally here. 3m is up boeing is having a good day. Were seeing the other stocks. Raytheon is on the upside. You say the cyclicals are doing well thats not really the case look at the dow laggards, for example. You get defensive names like merck and pfizer caterpillar is still down. Banks are still down even though they are off the lows. You see its not quite simple to say the cyclicals are rallying boeing has been on a wile ride for weeks. It was 176 earlier in the day. Its been moving up and moved into positive territory. It was 155 two weeks ago it goes down t
My name is beri meric, cofounder and ceo of iv. Is my pleasure to introduce all of you to alex kantrowitz. Hello, how are you today . Im doing great. Take you for having me for this. Im really excited for it, weve got our members from across the world joining us for this conversation. Ive been talking about it nonstop over the last few days to the point of annoying white if you friends. Were all very, very excited to learn from you today, so true might everybody the context of a conversation today, together with alex were going to be learning how to compete in the world where no advantage is safe. This concept of always they want is something we can all benefit from. With alex started writing this book im sure he wasnt exactly expecting it to be released in the midst of a pandemic. However, in my view this topic could not be more relevant especially these days when so many of us are forced to have that day one mentality. Help us kick off, alex. Id love to ask you, what you found to be
One is something that we can all benefit from. When alex started writing this book, im sure, he wasnt exactly expecting it to be released in the midst of a pandemic. However, in my view, this topic could not be more relevant especially these days when so many of us are forced to have that day one mentality. So to help us kick off, alex, id love to ask you what you found to be so important about this topic that you wanted to focus your sights on really going deep, interviewing some of the leading ceos and also workers at all levels of Tech Companies. How does it fit into your overall journey. Yeah. So im a reporter here in silicon valley, and i cover the tech giants. And im a reporter that comes in with a slightly different background. Instead of going the journalism school, i studied Industrial Labor relations. And sort of put that in the back of i my mind, but really ive always focused on culture, organizational behavior, how companies are led, how work is structured. You know, thats
Tenyear yield has fallen below 1 . It dropped to a record low of just. 9 . Right now its barely above that at. 98 . Stocks made a brief attempt at rallying but then completely tumbled. The central bank said it was making a preemptive strike to stop the coronavirus contagion from affecting the american economy. The dow started swinging all over the place. More than 1300 points from a high of up 381 points to a low of a loss of 996. As you see, we are down 642 points. The s p is down 71. Of course, the nasdaq, triple digits, down 234. It all comes as President Trump right now is at live picture, right now at a roundtable at the National Institutes of health where he is meeting with all kinds of Health Vaccine experts at the research center. Hes going to then take a tour. Lets listen in. Hes taking q a. If it was necessary, i would do it. Yes. Reporter whats your timeline on further travel restrictions, mr. President . Well, we are looking at different areas and we will make that decision
Worst. Yep. Talking about the coronavirus. Which the needs now tells us cannot be contained. And thats really why the dow plunged another 879 points today. S p 3. 3 , and the nasdaq 2. 7 on top of yesterdays hideous losses the dow has now lost 1,911 points in a row. Thats a decline of 6. two days now, you dont need me to tell you that this is serious stuff, especially if the director of the National Center for immunization and respiratory diseases told us this afternoon to now expectist significant disruption in our lives. Instantly that became conventional wisdom, thats the reason we told off so hard of course it is more complicated than that, right the stock market is following the much larger fixed income market where buying yields are currently hitting record lows. All sorts of maturities. The ten year is at 135 . The stocks got crushed the market is screaming that this pandemic will cause dramatic decline in Economic Activity both here and around the world. When the bond market sp