Welcome to you you and i were chatting about the new space spot that were going to talk about. How is that indicative to risk in this market. You have a spak, which people doing it as long as i have they know the history but its essentially a blank check to merge with a company thats going to take people to space. What does that have to do with the fed it has to do with the risk mentality of people out there. If the fed is going to drive rates down to the negative, people are going to go out and try to find Investment Opportunities and i think this is the perfect metaphor what we saw in the markets the facts were talking about stocks like chewy shows the mentality here of how people are thinking. Lots to discuss over the next hour welcome back. Great to be back. Wouldnt miss a pepsi earning day. Mike doesnt hear its an important company. The word he used is improper hp his words not mine Morgan Brennan has galactics plan to go public. Susan has details on a trade rift between President
Things up in the stock market by making investors and managers focus on companies longterm interests. Joining me is the founder and ceo, eric reese. Eric, its good to have you on the program. Thanks so much for being here. Thanks, happy fourth. Maria i want to talk about the longterm nature, but first, youve got some news. Tell us about the filing that the company made. Yes. So we were approved as a National Securities exchange on may 10th, and now were making our first in a series of filings that are the actual standards, the principles that companies have to comply with in order to be on our exchange. Maria lets talk about that in terms of the Ownership Structure of the company, which is what a lot of people want to better understand. Sure. So at this stage were talking about the disclosures that companies will be required to make that show how theyre in compliance with these principles. The principles are things that are aligned with what a 21st century company, a founder and employ
Welcome to post9. What do you think . We were down as much as 200 points on the dow earlier today. Now were down just 16 points. I think it really what were getting a feel for here whether you thought there was a 50 basis point coming or 50 base point rate cut coming, i think it goes off the table. It hit bull the hardest which is that inflationary hedge. It pushed gold lower equities have recovered but the moves we saw in bonds and dollar havent retraced steps. Shows the resilience and risk on sentiment that investors have. Thats what i was watching throughout the session when you saw equities lower and bonds lower you need one to break one way or the other we saw continued selling in bonds but a little bit of recovery in equities what were seeing on the screens they really arent down too much s p futures down its interesting to see what happens on monday when everybody comes back from the hampton. We only have one basis point decline for nasdaq any positive close for the main three i
Stock exchange looking to shake things up in the stock market by making investors and managers focus on companies longterm interests. Joining me is the founder and ceo, eric reese. Eric, its good to have you on the program. Thanks so much for being here. Thanks, happy fourth. Maria i want to talk about the longterm nature, but first, youve got some news. Tell us about the filing that the company made. Yes. So we were approved as a National Securities exchange on may 10th, and now were making our first in a series of filings that are the actual standards, the principles that companies have to comply with in order to be on our exchange. Maria lets talk about that in terms of the Ownership Structure of the company, which is what a lot of people want to better understand. Sure. So at this stage were talking about the disclosures that companies will be required to make that show how theyre in compliance with these principles. The principles are things that are aligned with what a 21st centu
Increase wont come. Lets not forget that yesterday we heard that average uk wages were rising at their fastest pace in 20 years. Joining me now is Neil Shearing group Chief Economist at capital economics. Thanks very much for being with us today. Clearly it is pretty good news, but is it happening fast enough, oras news, but is it happening fast enough, or as fast as we had hoped . The fall in the Headline Rate of inflation, as you say, thats going to be welcomed by the Bank Of England. It takes a bit of pressure off them. But when you start to dig into the details of this report, i think perhaps there is still some uncomfortable reading there for the policymakers of the bank. As you mentioned, a lot of the fall in the Headline Rate, that is driven by what has happened to food and Energy Prices and that is out of the banks control. Interest rates dont tend to affect the price of our energy or food. Those are set in global markets. What they do affect his conditions in the real economy,