It didnt capture the full scope. To my first question in the buck which is apocalypse never, it is a very definitive statement that it implies certainty. I describe the Current Situation as landmines that are complex and largely unpredictable. Are you confident when you say apocalypse never . Guest well, thanks, andy. The argument is that Climate Change is real but its not the individual and it isnt the most serious environmental problem. In the extremism and exaggeration that the warnings of the pandemic were pricey and including coming from the coronavirus and hygiene and small farmers. So not to say that its impossible, but to say lets get our understanding of fixed rate. One of the most shocking things people dont know and i think this is where the news media deserves a lot of blame for this, as for the natural disasters over the last 100 years, they declined 80 to 90 over the last 40 years. There is no scenario in the report, and ive now written them all, for the number to reverse
Credit market. Thats coming up in the next hour were also going to talk to matt shay about the pain the pain out there with retailers weve heard about furloughs from gap to macys. What kind of unemployment statistics are we going to be talking about for the biggest private sector employer in the United States and do they qualify for relief in the new congressional package. Lets focus on the big stories were watching in this final hour of trade. Bob pisani joins us with a look at the quarter mike has a deeper dive on the s p 500 today. Steve has more on the feds latest move and what the economic signals are telling us. As we get ready to close out the quarter. Boy, good riddance and good riddance, exactly. Treasuries up and rebalancing. Buy stocks, sell bonds might help a little bit towards the close. Corporate Investment Grade flat and high yield down. Reminding us that in a recession, high yield tends to act. I want to show you the charts here boeing, have you seen anything go to 150
World cut rates. China weakening the currency again overnight. A perfect guest to discussion the swings in the market, former treasury secretary jack lew joining us thats coming up on closing bell. First right to the market action, joining us for the hour is josh brown. Whats turning things around here oh, my god, this is like what we live for, right it was pretty dire this morning. In the last five days, i have shift fred bearish back to bullish, then bearish, then superbearish. I was lutheran for a minute now i know youre joking. I am personally highly susceptible. I know this about myself, and every investor should think about their own behaviors. Im hidely susceptible to the lines i see in front of me not that i will react to all of them, but if youre not going through that, maybe check your pulse, that is what markets are designed to do, and i think the people that radically shift their views based on price act are the people who end up paying the volatility tax what led the comeb
Conference with professor gallagher. With that, i will turn it over to professor stephen cushman. Thank you very much. I am grateful to everybody. I wont repeat all the thank yous that have been said, but on behalf of Tamika Nunley and myself i would say thank you for being courageous and not being driven away this morning by that first talk. [ laughter ] all right, lets start with a large claim. Here it is. Without the civil war, there would be no mark twain. But why stop with one big claim. There is another that i will throw in free of charge. Without mark twain, memory of the civil war would be different from what it is today. Twain played a very significant role in civil war memory, by publishing books by various other people about the war, at least one of which, the memoirs of grant, has become a classic of American Literature and history. But lets stick to the first big claim. Without the civil war, there would be no mark twain. As we think about mark twain and the civil war, two
Plus were also watching jamie dimon. He called out Central Banks saying theyve been, quote, 100 dead wrong. Were keeping an eye on chip stocks, nvidia and amd planning to launch an armed pc chip in 2025. Lets begin with the markets and the industrial earnings parade. Jim, i was trying to think which one of these would interest you the most. Im guessing ge. And it is. What happens is larry culp finished the wind and lets say power business much better than i thought. Therefore, the spinoff will look good. Theres always been concern that that business would be a dud. There was never, ever going to be a growth business. Instead, it seems like it will be the esg business of choice for people. David, anyone who thought lets say the long on money short on time travel situation is over and thinks there is a great aircraft demand, wrong. Ge and rtx proved that the demand for planes is probably as great a secular story out there. Free cash flow as well, they say is going to tend. This is the qu