Distinguished guests and please welcome. [applause] ladies and gentlemen, distinguished guests the president of the night states accompanied by the Vice President of the United States and the 42nd president of the United States the honorable bill clinton. [applause] good afternoon everyone. Please have a seat. Good afternoon. President biden, president clinton, members of our cabinet. Members of congress and our fellow americans, nearly 30 years ago, just outside in the rose garden our nation took a long overdue step to give working people and in particular working mothers the dignity, respect, and support they deserve. Before then, many of us will remember working people face often impossible choices. Impossible choices. The choice either to take care of a loved one or keep a job. The choice either to protect ones health or protect their livelihood. But thanks to the family and medical leave act millions of americans since then have been spared these false choices. Everyone here under
And it is a pleasure to be here today with the Honors College students in the university of south. 421 course what the south made exhibiting South Carolinas industrial i want to start with a quote this quote comes from a very prominent american historian a guy named ed ayres who while the coal mines and textile mills have become a visible and memorable part of southern history, the souths largest industry remained virtually ignored. Lumbering is often written off as of little consequence, and little dramatic interest, yet lumbering more often than any other industry, captures the full scope of economic change in the new south, its limitations as well as its impact and about, i dont know, a third of the way through the semester. And i think you guys are already kind of convinced of this, but i thought it might be interesting to share with you a little bit more about how we got to this place. So. About five or six years ago, the National Park reached out to uscs department of history and
Dani katie welcome to Bloomberg Markets. You look at markets at the moment and you can see there some green on the screen a high me. You can see the s p 500 currently up by about 3 10 of a percent. You look at big tech right now the nasdaq 100 even higher paid 4 10 of a percent. Small moves overall. A change in direction after a pretty rocky start. Taking a look at the Philadelphia Semiconductor index you can see that sleeving games right now. Lets get right to one of the big stories today and that is peloton. The Fitness Company announcing its ceo is stepping down after two years. Its also cutting 15 of staff as part of its restructuring efforts and among Bloomberg Technology joins us with more details and i hate to say this was a surprise what was your reaction . Ed the Market Action is a big surprise. We were climbing steady, session highs 18 . Took the resistance off. Speed and power now we are at a flat road. Completely flat on the stock. It is astonishing trading and the markets
Trump. Plus, apple now closing in on crossing below a key technical level. We debate whether growing action from u. S. Regulators will push it over the edge, and then later in the show, it is day three of our week long spercial, looking for Fourth Quarter ideas. Its wednesday, september 27th, 2023. And youre watching Worldwide Exchange right here on cnbc. Good morning, welcome to Worldwide Exchange, im frank holland. Lets get you ready to start the day. Take a look at this, futures are in the green across the board. The dow looks like it would open 100 points higher, the s p and nasdaq just shy of a half percent higher. Closing down more than 1 . Also his fifth down day in the last six. The dow now on pace for its worst month since may, and on pace for a second down month in a row along with the s p and nasdaq which you can see right here theyre tracking for the worst month since september. All of this is the prospect of higher for longer. It becomes a reality for many. The tenyear sit
At the moment, deliveries for this year are likely to be less than last year. A challenging environment, the ev market globally is slowing and lots more competition is rising particularly in china which can make Electric Vehicles at low cost. Talk to me about Electric Vehicles at low cost. Talk to me about that Electric Vehicles at low cost. Talk to me about that competition, if people are thinking of making a switch, given the cost of living crisis, they might think they cant afford tesla, they should go for a cheaper chinese one, is that hurting the bottom line . We cheaper chinese one, is that hurting the bottom line . The bottom line . We are seeing a wave of chinese the bottom line . We are seeing a wave of chinese cars the bottom line . We are seeing a wave of chinese cars in the bottom line . We are seeing a wave of chinese cars in europe, l the bottom line . We are seeing a l wave of chinese cars in europe, the ports are full of chinese Electric Vehicles. They are not only chea