Closing alley, you could call it im thinking about the lyrics in the song, g4 pilots on a firstname basis did you catch any of that . I did, dont ask me to explain it joining us this morning, raul sudd, ceo and founder of unicorn and ed lee, managing editor of recode welcome to both of you on this first trading day of the year, we asked you both to come with your 2018 tech predictions, from deals, ipos, and, yes, bitcoin and cryptocurrencies lets start with you you have some predictions in media. Media, tech and media thats my favorite topic, because i feel like tech has been sort of dipping their toes in the media water for years media, by the way, they see this threat coming for a long time and they are acting much more quickly and decisively, more dramatically with the tieups. You have at t and time warner, disney and fox whats coming next . Heres the thing, i think the next big step is for amazon in particular and possibly facebook and apple to take a deeper look at, you know what,
Husain. Amir explored Artificial Intelligence for many uncommon angles. Part reflection on the existential questions. From military and health care and so on as well as draw narrow and narrow. Hes the founder and ceo of spark cognition. Awardwinning company which provides ai powered from cybersecurity and beyond. Hes also the Founding Member of ibms advisory, amir presented by south by southwest as well as numerous conferences and work appeared in many publications including the new york times, wired and its the first tv. Thank you book tv for broadcasting the event. Feel free to step up to the microphone to your left over here if you a question in mind. Without further due welcome me in joining me amir husain. [applause] thank you very much for that generous introduction and also for your kindness in hosting me at this lovely bookstore and i came in here and was really enjoying the ambiance and its a wonderful place to be. What i will start by doing is reading a passage from the book
Rallies weve tried to mount lately. Dow only 220 points s p pole vaulting 2 or 3 . Nasdaq rocketing 1. 53 . And roll over at the bell. But now the hard part begins. We know the Chinese Government has put through a whole bunch of measures to stabilize the market. We seem to be well, i never want to say we are at the curtain closing part of the greek tragedy with the lesser of two evils at least for the stock market might prevail. Still one more bailout that could be destined to bailout a year or two from now. Doesnt matter. In the shortterm a resolution any resolution is positive especially when it comes to the dollar which is selling off for once against rejuvenated euro. No doubt because an end to the uncertainty could send europes single currency soaring. The dollar really matters. Something thats going to become obvious as we go through the next weeks game plan. Mondays going to be dominated by foreign affairs, greece and china. In greece we need to hear what the left wing governmen
More than 1,000 points before closing down 588. S p plummeted 3. 9 and nasdaq 3. 82 . Were in total correction mode for all three averages and we have now expected the worst three day point decline in the dow jones closing at an 18 month low. Let me tell you why theres so much confusion between our economy and our stock market decline. In my years of investing which is 8 separate crashes and multiple bear markets i dreamed of a scenario where Interest Rates were low minimizing the competition where corporate Balance Sheets are strong, commodity costs are on the decline, particularly gasoline, employment is better. Retail sales are robust and housing is doing well because of low mortgage rates. I want to see a weaker dollar so our International Companies have better earnings translations and arent priced out versus foreign competitors. Unfortunately whenever this scenario comes along typically stocks are either very very expensive, too expensive for risk or given the scenario theres a p
Rose. 06 and nasdaq advanc advanced. 32 and im glad to put the brutal volatility behind us for the weekend. To totally chaotic nature of the market left me thinking once again who can blame people for losing faith in stocks . Yet here i am telling you yet again that if you protect yourself with limit orders, if you use weakness to put some capital away, not run from the market out of fear, you can use your money to make money in stocks and thats not something that you can say about cash. You think the market is just one big pumped up balloon. Its still the only game in town. Thats been the case ever since the case was serious about the financial crisis. Now were faced with the feds period of accommodation and were starting to get the hang of that and after this brutal week unless china runs off the rails before the next fed meeting or a gigantic firm implodes creating a brutal credit event that freezes brokerages around the globe im tempted to say lets just get it over with. So you can