[inaudible conversations] im the director of the center for military and diplomatic history. See. I see some familiar faces out there as well as new ones that are great. As most of you in this crowd i understand well the idea of seeing the future in principle holds a great appeal. So much of what we do in washington depends on allocating resources for developing capabilities and strategies based upon our expectations of the military environment in the future. The trouble of course is the prediction is difficult. Some would even say impossible. In the course of reading this terrific book, i was reminded of a saying by the chinese philosopher those who have knowledge do not predict and those who predict do not have knowledge. The author of the bestselling book forecasting emphasizes that humans are extremely gullible when listening to those that claim to know the future. Most anyone can get rich by selling to Corporate Executives and officials. When the prediction turns out to be wrong t
Pumping on this for six years in a partly for whatever he is going to do tomorrow night, continues to refuse to deal with congress. Shameless plug, you can watch the president speech right here on Bloomberg Television. Coverage begins at 8 00 p. M. Eastern time. Florida, there was a shooting early this morning on the Florida State campus. Three students were wounded at the universitys library. Police shot and killed the suspected gunman. Officials sent an alert to students to seek shelter. Another sign that china may need more economic stimulus to hold a slowdown. One gauge of chinese factory int to a sixmonth low novembers adjusted monetary easing is failing to boost growth. Chinas economy is headed for its lowest fullyear growth in more than two decades. Wants answers from the Japanese Company that made faulty air bags. Senate committee holds a hearing today on air blamed the number of deaths, more than 8 million cars equipped with takata airbags in the u. S. Have been recalled. So f
Give out clues. Fun facts about this new person on our family. I didnt wear red, and a will guys. Neither did i. Yes. Good to see you all. Hello. What a beautiful day. Yeah, another pretty morning. Pretty comfortable out there. You walked in. It is not too muggy like june, and the rest of summer ten to be. I thought it was muggy today. Give it a chance. It is early. We went with nine inn ted of ten because we dont expect rain but it will be on the humid side then it was yesterday but still seasonal temperatures there is bus yard buddy. It is a nice morning. We need shades and sun screen. Ultimate doppler, more rain to the north and west of us, and it looks like it probably wont make it even to the poconos. We will keep an eye on it 67 degrees right the now you can never rule out a pop up thunderstorm. Not one single day in the summertime. You are scarring me because you are paying attention. Umhmm. 85 degrees our high temperature. As we said a bit more humid. Tonight we are down to 70.
Alibaba is setting the stage for what is likely to be the biggest ipo in u. S. History. They are planning a threeconfident roadshow for september 3. They are starting in asia. Barclays might have to pay up to 3 billion to settle claims of misconduct according to sanford bernstein. They have been accused of rigging currency markets lying about dark pools and properly setting Interest Rates. We have breaking news on macys. On whatman has more macys is saying about their earning. Standout has been a for earnings, but looks like this quarter was a misstep. Six centsere . 80, below what analysts were anticipating. Net sales did rise. They came in slightly short investments at 6. 72 billion dollars. The company is still confirming its forecast for the second half of the year and said comparable sales were up by about 4 in the Second Quarter. That is also a relatively strong number. Says in theceo statement that the sales trend improved that macys and bloomingdales. The First Quarter was mark
It because im trying to make some money around here. After an amazing week but a hohum day where the dow dropped and the nasdaq goinged. 23 i want to talk to you about two buyable dips. Buy, buy, buy. Google and ibm. You may think im sticking my neck out. But im introducing the notion of longterm opportunity. Its not a copout. First off, we know google and ibm both disappointed people last night. [ baby crying ] boo we know it because they went down after earnings. Thats what happened. Its undeniable. In the trading world a stock that goes up after reports is a good stock. A stock that goes down after it reports is a bad one. [ buzzer ] simple. Anybody bought the stock for the quarter, in other words expecting an upside surprise got it wrong. In trading you buy a stock for a catalyst. You get the catalyst in the earnings report. Sell good or bad. Thats what trading is about. Thats discipline. Having the discipline to recognize that you bought something for a trade and it just didnt pan