There is a disconnect. The s p and dow moving modestly, the nasdaq off i 1. 5 . Quite a disconnect. This happened over the course of the day. It wasnt like at the beginning of the dare the beginning of the day, we saw records before a fall back. It led the way downward, down one point 5 . The s p has been pulled lower in the last 20 minutes or so. If you look at these groups within the s p 500, the divergence is even more stark. Energy shares up 2 , financials more than 1 , materials more than 1 . Information technology down 2. 5 . There is some sort of rotation going on. It is unclear what triggered it. There was a note out from Goldman Sachs saying the volatility in the largecap tech stocks that have contributed to the gains this year, that that was a reason for concern. Take a look at the nasdaq over the past week and you will see a 1 drop some of the biggest drop in about nine weeks. Much of it happening in a single day, as we see the drop today. What is also notable about todays d
There is a disconnect. The s p and dow moving modestly, the nasdaq off i 1. 5 . Quite a disconnect. This happened over the course of the day. It wasnt like at the beginning of the dare the beginning of the day, we saw records before a fall back. It led the way downward, down one point 5 . The s p has been pulled lower in the last 20 minutes or so. If you look at these groups within the s p 500, the divergence is even more stark. Energy shares up 2 , financials more than 1 , materials more than 1 . Information technology down 2. 5 . There is some sort of rotation going on. It is unclear what triggered it. There was a note out from Goldman Sachs saying the volatility in the largecap tech stocks that have contributed to the gains this year, that that was a reason for concern. Take a look at the nasdaq over the past week and you will see a 1 drop some of the biggest drop in about nine weeks. Much of it happening in a single day, as we see the drop today. What is also notable about todays d
There is a disconnect. The s p and dow moving modestly, the nasdaq off i 1. 5 . Quite a disconnect. This happened over the course of the day. It wasnt like at the beginning of the dare the beginning of the day, we saw records before a fall back. It led the way downward, down one point 5 . The s p has been pulled lower in the last 20 minutes or so. If you look at these groups within the s p 500, the divergence is even more stark. Energy shares up 2 , financials more than 1 , materials more than 1 . Information technology down 2. 5 . There is some sort of rotation going on. It is unclear what triggered it. There was a note out from Goldman Sachs saying the volatility in the largecap tech stocks that have contributed to the gains this year, that that was a reason for concern. Take a look at the nasdaq over the past week and you will see a 1 drop some of the biggest drop in about nine weeks. Much of it happening in a single day, as we see the drop today. What is also notable about todays d
Billionaire investor george soros brands trump a wouldbe dictator, who is going to fail, and warns markets will reverse one he takes office. Its too early to taper. Thats the message from ecb executive board member Benoit Coeure, who tells cnbc exclusively the Central Banks policy is still working. Too early to have that discussion on when it ends, and even when we taper. That discussion has not started yet, because inflation is not firm enough, sustainable enough. That will come that will come later. Theresa may meets top wall street bankers as a slew of lenders unveil plans to move jobs out of london. But the uk Prime Minister tells cnbc the country is open for business postbrexit. Was were doing is setting up clearly for people what the position will be. Im optimistic, i expect to negotiate a good deal. But we wont sip up to a bad dea deal. The day has come. Its january 20th. We are less than eight hours away until donald trump takes the oath of office at the inauguration. The final
Colleague from George Washington university. Before he introduces our speaker acknowledge our partnership with the National History center and the American Historical Association we are cosponsoring and coorganizing this seminar with. Donorsacknowledgment our , the George Washington University History department as well as a number of individuals for this series. We want to acknowledge roger lewis, the cochairman of the seminar. Hes here all the way from texas. Andnt to welcome all of you to the ones who do the heavy lifting in terms of getting is here and organize. We are grateful to you. [applause] thank you. With that, i think we should turn it over to eric. One last technical ofouncement, if you have one these devices, and i suspect everyone in the room does. Turn it to vibrate or silence, that will prevent embarrassment and interruption in the next hour and a half. With that, it is my pleasure to introduce this afternoons speaker, an independent historian and economist living in w