Is that right . David in the United States today, there are only 38 women serving as ceos of fortune 500 companies. One of those with the best track record is tricia griffith, ceo of progressive, one of the largest Automobile Insurance Companies in the United States. She started as a claim adjuster and worked her way up to become in the ceo. 2016 since that time, the stock is up more than 175 . My mistake was i didnt know her then and i didnt buy stock in the company. If she ever goes somewhere else, im going to buy that stock right away. For those that arent familiar with progressive, and if you watch television, you would be have a lotecause you of Television Ads im just im just curious, why is it that , Automobile Insurance Companies seem to advertise a lot . Is that because people will be guided in their insurance decision by the advertisement . Tricia it is just a really competitive industry. It is something you are required to have, so it is not like if you pick a different soft
Being only the second wealthiest man in the world . David in the United States today, there are only 38 women serving as ceos of fortune 500 companies. Griffith,se is tricia ceo of progressive, one of the largest Automobile Insurance Companies in the United States. She started as a claim adjuster and worked her way up to become the ceo. Since that time, the stock is up more than 175 . My mistake was i didnt know her then and i didnt buy stock in the company. If she ever goes somewhere else, im going to buy that stock right away. For those that arent familiar with progressive, and if you watch television, you would be familiar, im just curious, why is it that Automobile Insurance Companies seem to advertise a lot . Is that because people will be guided by the advertisement . Tricia it is just a really competitive industry. It is something you are required to have, so it is not like if you pick a different soft drink or a beverage, but it is required. It is so competitive. To be top of m
But brad, welcome, its good to see you again. Great to see you. Thanks for having me. I wonder as a tech investor what you make of the nasdaq and that sector the last few days. Is it a simple correction or something more you probably saw last night i tweeted, pullback . What pullback . Precovid the multiple on the soft way growth index was about ten times sales it peaked about a week ago today were at 13 time sales were still 30 higher valuationses in software than we were before the paechbd. The same is true for growth internet precovid about 23 times next years ebitda. We peaked at about 35 times next years ebitda. Today were still at 32 times, so heart will hardly a correction in my books. Do you think some of these stocks got simply out of control in the way they went up parabolically . The characterization doesnt need to get worse. Its pretty good these are peak multiples for stocks in the middle of a Global Pandemic for most software companies, the pandemic has not accelerated th
A stimulus plan to offset the pandemic and another big week for earnings. Results from sap as europes largest tech companys speak year ceo speaks with us and ryanairs cfo. Speaking of ryanair, weve got numbers coming through from the airline. Tax, quarter loss after 185. 1 Million Euros. The estimated loss was 276. 9. That is a smaller firstquarter loss after tax than was expected. What we are hearing from ryanair in terms of commentary is the biggest fear is the virus second wave and fears are already swirling around that in terms of the news over the weekend with u. K. Imposing quarantine from spain. We will no doubt get comments from my ryanair. Losses are mounting. Basically, First Quarter customers, zero point 5 million versus 41. 9 million, the estimate was 96 , theor, 61 versus estimate was 57. 8 but the main number to look at is the first and basically ryanair said it will continue losing money through the summer. It is concerned a second wave could push back to recovery into n
Market we have a great lineup of guests coming your way well speak exclusively with Morgan Stanley ceo james gorman. His take on the markets come back the read on the economy and the strength of the banks. Plus, you will hear from the ceos of macys, Signet Jewelers and brown foreman. Theyre joining us to discuss their path forward for their respective irz stroo respective industries. But lets begin with the Broader Market the rally, take the pause today following the rapid surge that pushed the s p 500 back into territory for the year if we close higher well get another record close for the tech hefin dechl. What you are watching . It does look that way, sarah. A recoil from the recent trends. The headline index is pulling back outside of the index. The majority of volume is to the down side. This is one day where the indices are understating the weakness they want to take a look at the one year really all the pullback meant is a little dip below 3200. It held there and bounced modestl