Guest i think often times the conventional wisdom is wrong, and the conventional wisdom in money and politics you essentially have good intentioned government officials who who are being influenced or attempts to influence them by corporations or public unions and if we can only figure out a way to seal off essentially these Public Officials from this outside influences, everything would be great and so i call this the Jimmy Stewart mr. Smith goes to washington scenario. And certainly that does happen. You have wellintentioned politicians being tempted by outside forces. But my experience over the last 20 years or so in washington politics researching and writing, more often than not the opposite is true. You have a lot of corporations, other lot of entities that essentially want to be left alone by the federal government, and you have politicians or people in the executive branch who are looking for ways in which to enhance their services or the needs to get corporations involved. The
Guest i think often times the conventional wisdom is wrong, and the conventional wisdom in money and politics you essentially have good intentioned government officials who who are being influenced or attempts to influence them by corporations or public unions and if we can only figure out a way to seal off essentially these Public Officials from this outside influences, everything would be great and so i call this the Jimmy Stewart mr. Smith gooas i call this the Jimmy Stewart washington scenario and that does happen. You have wellintentioned politicians being tempted by outside forces but my experience in the washington politics in the writing is so often not the opposite is true but you have a lot of corporations into a lot of entities that essentially want to be left alone by the federal government and the executive branch looking for ways in which to have their needs to get the corporations involved. The hightech industry as a classic example if you look back 15, 20 years ago the
Guest i think often times the conventional wisdom is wrong, and the conventional wisdom in money and politics you essentially have good intentioned government officials who who are being influenced or attempts to influence them by corporations or public unions and if we can only figure out a way to seal off essentially these Public Officials from this outside influences, everything would be great and so i call this the Jimmy Stewart mr. Smith the great. So i call this the june knee damage Jimmy Stewart mr. Smith goes to washington scenario. You have wellintentioned politicians being tempted by outside forces. My experience over the last 20 years or so the opposite is true that you have a lot of corporations and entities that essentially wants to be left alone by the federal government and have politicians or people in the executive branch who are looking for ways in which to enhance their services or the needs to get corporations involved. The hightech industry is a classic example. If
Were the two profit drivers in the Second Quarter for General Motors and more importantly for investors, margins were above 10 and for the remainder of this year General Motors expects business to be Even Stronger in part because of pickup trucks in north america. Our pickup share in the Second Quarter was up close to 3 Percentage Points on a year over year basis. So we continue to see a lot of Strong Demand for fullsize pickups, suvs and crossovers. To drive that point home think about this. Year to date General Motors pickup sales, both fullsize and midsize up 25 . Thats one reason why gm is doing so well in north america which we saw in the 2q numbers. Eli lilly beat the street. Meg tirrell, the Company Raised its forecast for the year. The beat on the adjusted earnings was 16 cents. Raise only by 10 cents though. Ceo on squawk box this morning address what went into that question. As we are launching products and bringing drugs through our late stage pipeline that drives certain am
Starts in the sale of its brazilian unit. Meanwhile, the german bank profits double. Heineken shares maintains guidance in strength in most of its markets upsets weak demand in africa. It tells cnbc is can weather the challenges. If you look at the next coming 25 years, the first big positive for our industry was some hiccups, but they will remain positive for the long time. Good morning, everyone. Lets get straight to some Macro Economic data in the form of eurozone july manufacturing pmi. That came in 52. 4. Versus a forecast of 52. Slightly better than expected. The june was 52. 5. What were seeing in july a tine will slowdown. Lets just go through the different economying. Spains Manufacturing Sector saw a surprise slowdown in the month of july 53. 6 below expectations but still expanding but we saw the fastest rise in employment since the start of 2007. Lets also talk about france. It was below the boom bust line of 50. July, 49. 6. But the german number was slightly better than e