Hello, and welcome to word book store. Were so pleased thank you join us for the confidence between die unanimous henriques and joe nocera. I am the vaccines coordinator and it miss flour introduce our authors tonight. Please bear with me through some housekeeping. Word book storesandindependent book store locate in brooklyn and jersey city, new jersey. We celebrated the ten year neaves of our location this past march andunder scene coming up four years in our jersey city location. Tonights revent will be taped by cspan so if you see cameras, thats why. Also, please turn your cell phones off or put them on silent. After author speaks there will be a short period of question and answer followed by signing. We have books at our register. Our book sellers will help with the signing and thank you in advance for your help. Tonight we are here to discuss first class catastrophe. Monday, october 19, 1987, was by far the worst day in wall street history. The market fell 22. 6 , almost twice as
Has us asking the question is tech now firmly out of favor, or is this just a rest and people will come screaming back in. So firmly would probably be a bridge too far but out of favor today, sure, and by the way, this looks like a repeat of an episode that we saw on wednesday of last week, so you look at, like, for example, s p value index, which just breaks out the value stocks within the s p, up 1. 2 and s p growth up 0. 4 or flat. This is more than a oneday thing, right the banks listen. This is tech down 3. 5 in a week. Amazon in a 6 drawdown which slashes its yeartodate gain to a pitiful 52 . Thats what were talking about here these are stocks that have gone up by orders of magnitude all year and within the last week or two people are falling in love with other sectors like financials and industrials and transportation, and then have you this other thing going on which is only tangentially related which is a big bounce in retail names i think a lot of that has to do with seasonal
Conversation between Diana Henriques and joe nocera. It is my pleasure to introduce our author tonight. The first some housekeeping we arent independent bookstore celebrating the tenyear anniversary last march and coming up four years in the jersey location. The cspan cameras are here there is a period of question and answer and then to help with the signing. Tonight we are here to discuss a first class catastrophe. October 19, 1987, the 87, the worst day of wall street history. The worst day of 1929. So to shut the foundation of our Financial System we had not heeded those lessons at the same time so tonights authors are uncovering this omission from previous books from the New York Times bestseller and a Pulitzer Prize finalist. And for investigative reporting. And we are honored to know she is in new jersey. In conversation with joe nocera from bloombergs career spans the New York Times. It is about black monday 1987 when the Dow Jones Industrial average dropping 508point enduring t
Find meaning in his life. He finds meaning in his life and out of the spotlight. But we begin this morning with todays eye opener, your world in 90 seconds. The world brings in 2018. They did it against the backdrop of record cold temperatures. The weather is 14 degrees right now in new york. Sorry. It will be a bitter cold start to the new year. The cold pattern is going to be in place. Its going to stick around for a while. I have three layers and im freezing. Ten u. S. Citizens killed in plane crash in costa rica. Police say the cause is under investigation. In colorado a sheriffs deputy was killed and four other officers wounded in guan battle. Protesting over the overthrow you just cant tweet here. You have to lay out a plan. Kyle williams, touchdown. The first time in 17 years. All that police in upstate new york responding to a report of a cookiesnatching squirrel. And all that matters. Happy new year. President trump rang in the new year with his family and friends at his maral
On his new life onstage and out of the spotlight. But we begin this morning with a look at todays eye opener, your world in 90 seconds. The world rings in 2018. An estimated one million revelers packed into new yorks times square. They did it against the backdrop of record cold temperatures. The weather is 14 degrees right now in new york. Sorry it will be a bitter cold start to the new year. The cold pattern will be in place and stick around for a while. I have three layers and im freezing. Ten u. S. Citizens killed in a plane crash in costa rica. Officials say the cause of the crash is under investigation. In acolorado a sheriffs deputy was killed and four others wounded in a gun battle. Protesters calling for the overthrow of irans supreme leader, president trump, warning the usa is watching very closely. You just cant tweet here. You have to lay out a plan. Kyle williams, touchdown the bills in the playoffs for the first time in 17 years. All that police in upstate new york respond