All right. I do not consider myself a journalist. Nobody else would consider myself a journalist. I began to take on the life of an interview where though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . Known to be the wealthiest man in africa. Is that a title you are proud to have or one where you get people calling you for money, you wish you were not the wealthiest man in africa . Aliko first of all, thank you very much. It is great to be here. The wealthiest person in after, it comes with a lot of baggage. There are a lot of demands. People come up with different demands. It is good because i like to give back to the society. David you are involved in many philanthropic endeavors in africa and elsewhere. Lets go to some of them. Recently, you had an event in abraham, ath mo wealthy african businessperson, and bill gates, in which you provided a fair amount of money for the African Center in harlem. What is the
Upstate Medical Center blues 18 million a year. Its going to hurt the economy. So i voted to repeal the Affordable Care act. Beyond that we voted for bipartisan support for three free trade agreements that will aid in increasing the number of exports from our district. We have time for rebuttal. What are your thoughts regarding the stimulus act . Maffei i think the recovery act was essential at the time. First of all were lots of small tax cuts that were essential to those families. Secondly, we kept police on the street, kept or teachers to me laid off in our classrooms from blowing up in size. And firefighters. So certainly we had to do something. The thing that i am really confused about, thats bad but there do the right thing on the taxes apparently. But now some of the economy is starting to be fine for millionaires and billionaires. Im doing the wrong thing by asking them to pay their share. And get we need to balance the budget but where is the money going to come from . None of
Upstate Medical Center blues 18 million a year. Its going to hurt the economy. So i voted to repeal the Affordable Care act. Beyond that we voted for bipartisan support for three free trade agreements that will aid in increasing the number of exports from our district. We have time for rebuttal. What are your thoughts regarding the stimulus act . Maffei i think the recovery act was essential at the time. First of all were lots of small tax cuts that were essential to those families. Secondly, we kept police on the street, kept or teachers to me laid off in our classrooms from blowing up in size. And firefighters. So certainly we had to do something. The thing that i am really confused about, thats bad but there do the right thing on the taxes apparently. But now some of the economy is starting to be fine for millionaires and billionaires. Im doing the wrong thing by asking them to pay their share. And get we need to balance the budget but where is the money going to come from . None of
Confidence number in 11 years. Thats how the market rebounded. Climbing 191 points s p vaulting 1. 34 and nasdaq 1. 39 . Yep, you needed to see oil stabilize. Buy buy buy. And see the consumer final recognize that gasoline is not going back to 4 and change any time soon. To encourage buyers to take advantage of the incredible bargains that this seemingly endless selloff has created. It doesnt hurt that for a day we didnt get earnings disappoints, a bunch of regional banks last managed to not stink up the joint with their awful numbers. And the oil service giant made us feel its not the end of the world for its clients. We know the market is only as good as the last company has spoken and thats why the game plan for next week is more important than ever the brief res pit or the start of Something Real that we certainly deserve. Lets start with monday. Its Martin Luther king day. Markets are closed monday but rest of the world rages on. I think were going to have significant numbers come
Numbers. You have to be known as what is the expectations, what the company is going to earn or sell. Because the making and missing of those expectations control the market today t. Dow climbing 43 points. The nasdaq declining. 5 . Take American Express, principal cause why the dow is up so much. The company reported, the headline wroirs called eight miss him i was watching. Boom, boom, boom, we listened to the call. It turns out they are doing betterthanexpected. The stock rallied 3 bucks and change. General electric quarters expecting to hear that personal computers and Industrial Sales getting stronger . Intellichose to be far more circumspect than that. Didnt get that positive. General electric talked about a mixed picture. Ge sheds 2. 28 t. Latter seeming very out of sync with the fact that the headlines have been too good. With that expectations prism in mind. Report tuesdays opened, two of my favorite were Delta Air Lines dal and Johnson Johnson, jf j. Suffice it to say i was a