The fda approving a 5 15minute rapid test the ceo will join us thats a biggie as power lunch starts right now thanks as august comes to a close, its been a stunning summer rally the dow up 13 the s p up 15 and the nasdaq up 25 . Bob has more for us. Bob. August is usually a nothing month. Not this much. Usually august is typically flat to down. Were up 6. 8 so far best august since 1980s. April, may, june and july have been pretty good monthly gains five months in a row. Why is it happening . Everybody wants to think its apple because apple is up 18 . The s p would be up 4 rather than 6 . Its a lot more going on than apple. The pricing are pricing at some economic rebound could see the returns. The dow transports are up. Thats a cyclical group. The russell 2000 is up high yield is the best performing bond asset. This wouldnt be happening if they were projeking iproprotecn economic downturn. The better argument is theres a bull argument thats winning the argument so far. This is the arg
Evolved in this event we want to acknowledge the original keepers of the lands that we are on as we stand in solidarity with their ongoing struggles. Before introduce our guest thank you to the organizer haymarket books now its important we support independent publishers and bookstores. You can do this in three ways by buying books from publishers directly and haymarket books and joining the book club and third, if you are in a position to make a donation no matter how small there is a card how to do this. We appreciate any donations. This video will be recorded and shared on the youtube channel. Please subscribe and make the video and do share it. I went to let you know about upcoming events. The end of zionism july 14. Incarceration from us to palestine. So i 21st. You can look at thes events that haymarket books. We are moderating the chat we cannot guarantee everybody observes Community Guidelines anybody who does violate those will have comments deleted as quickly as we are able.
Of dallas. He is appointed in september of 2015 and he represents the 11th Federal Reserve district on the federal open markets committee. Prior to his service for the dallas fed, kaplan was a martial professor of management practice and a senior associate dean at Harvard Business school. Kaplan had a 23 year career at Goldman Sachs and was ultimately named a senior director of the fern before joining harvard into thousand and six. Today, mr. Kaplan joins us to talk about what he believes the road to u. S. Economic recovery must look like in order for the country to bounce back from the damage done by covid19. He is also going to share his Economic Outlook for the rest of the country and into this year and into 2021. Mr. Kaplan, the virtual podium is yours. Right, thank you. Thank you kimberly and thank you everyone for having me here today. I will talk for a few minutes about, as kimberly said, the National Outlook and some of the key things that we need to do and some of the key chal
Different. Weve had to adapt to different circumstances. That is the theme to this years event, wisdom, justice, adaptation. We believe adaptation is the right focus for this years session. Circumstance. In fact that is the theme for this years event, wisdom, justice, adaptation. As you probably know the playoff motto that we believe adaptation is the right focus for this years session. Speaking of the session today is only the opening events over the next several weeks well be back here on tuesdays at 11 00 a. M. To explore the way the families their businesses and their government are adapting to a changed world. We will covering the following areas, education, the budget, land use and transportation, the economy, housing, and healthcare. With exciting panels of experts lined up for each of them and we hope you will be able to join us for many of those as you can. We are grateful to be joined on this journey by some key sponsors without which our work would not be possible. They are
Foundation on behalf of the entire staff and our board of trustees we are very glad you joined us. If you have attended this event in the past you are well aware this years edition is quite different. Like so much in our society we have had to adapt to the current circumstance. In fact that is the theme for this years event, wisdom, justice, adaptation. As you probably know the playoff motto that we believe adaptation is the right focus for this years session. Speaking of the session today is only the opening events over the next several weeks well be back here on tuesdays at 11 00 a. M. To explore the way the families their businesses and their government are adapting to a changed world. We will covering the following areas, education, the budget, land use and transportation, the economy, housing, and healthcare. With exciting panels of experts lined up for each of them and we hope you will be able to join us for many of those as you can. We are grateful to be joined on this journey b