American universities have long been unique institutions that generate novel sometimes controversial and even classic ideas that will challenge and sometimes press popular wisdom bringing to bear deeper more rigorous analyses of evidence. Such ideas can at times youll advances or even breakthroughs of the most vexing questions and problems of our day. One of the most indispensable pillars in Higher Education, which makes such advanced wholly possible, is a cardinal principle and practice of Academic Freedom, the protection and the unfettered pursuit of ideas, concepts, evidence and knowledge, and the passing on of such in our education students. While the principle of Academic Freedom is a central freedom of american education, the university of chicago has a rather distinctive and deeply held approach to Academic Freedom, a which im sure youll be hearing more about this evening from some of our panelists. The school of social Service Administration has a a professional school of socia
Companies into the kingdom. Welcome to Bloomberg Markets. David china closer now. Have a look at this chart. Talk has been reflation trice reflect reflation priced in. Your candidates to bring the u. S. Yields, the top panel of the s p 500. Japan, thel is second most obvious candidate because of the implications of higher yield and dollar10. Guest dollaryen it does not necessarily benefit Global Equities equally. Yet the thing i want to point out before is that the relation has started to come down for the u. S. And japan. It is starting to come back in. Investors have been waiting for correlation to start coming down. That stick a look at what is happening in the middle east where it is two hours away from the opening of the emirates market in dubai and other debbie. Other debbie. 1. 22 . Oint sent dubai closed up, up. 58 . Led by a bunch of movers. Sent er three points 3 . The markets in the uae are a life with the sound of acquisition talk. A lot of movers off the back of that. The
Alassad overnight. 59 tomhawk Cruise Missiles were fired last night at Syrian Air Base where it is believed that assad launched a chemical weapons attack against civilians earlier in the week. Assad choked out the lives of helpless men, women and children. No child of god should ever suffer such horror. Tonight i ordered military strike on the airfield in syria from where the chemical attack was launched. Maria russia respding tthe act saying it does significant damage to the u. S. Russia relationship. That countrys president saying the u. S. Serves as an example to the entire free world. Here at home the president s actions being praised by lawmakers including democrats but senator rand paul said that the president should have received congressional authorization first. Announcement of air strikes affecting Global Markets mine wheel. We are well off of the lows as soon as the strikes were announced last night. The market down 150 points. A big reversal overnight. Dow industrial showin
European equities everybody is keying off everybody. Again red arrows pretty much across the board and finally can you look at crude prices right now. Wti terrible session. When we were talking yesterday we were up 40 points in the morning. Funny way things happen. Theres sort of a premise and maybe its correct among democrats or people who favor hillary that trump would be a disaster for the stock market and sell off. Its funny when you see the market go down yesterday for whatever reason, uncertainty or whatever, it becomes oh, its uncertainty. You think its because maybe now trump can win . I wont go that far. Its uncertain. A Hillary Clinton win because more uncertain. Really in the past two days the likelihood of donald trump winning not two days. Five days. More than that. Two weeks. Whatever length of time you want to give it his chances have increased whether you think they are substantial or not clearly the market thinks they are substantial. And i have i know you disagree but
The key question is who will be in Donald Trumps cabinet . Mr. Trumps advisers are considering jamie dimon for that job. Jamie, if you would like to call and confirm or deny we would love to hear from you. Plus mr. Trumps energy plan. He said he would cut regulations and revise the coal country. We have the ceo of Conoco Phillips with us to tell us how he is preparing for the new administration. I will be interested to hear from ryan lance. Live from the dealbook conference interviewing. We look forward to those interviews. Goldman on a tremendous run as there is lots of talk about repealing doddfrank and other factors. Comments earlier have chipotle up. Chipotle is benefitting there. Lets start with the dows run into record territory. Bob pisani has been tracking the action. The dow is outperforming everything up 1. 4 . Very unusual because the dow has a lot of stocks benefitting from lower regulations and the infrastructure play. Remember the dows price weighted. Here is the biggest