Good evening. My name is brent holmes and i have the privilege to serve as the acting director for the Hauenstein Center for president ial studies. On behalf of our partners at the gerald r. Ford president ial foundation and the gerald r. Ford president ial library and museum, i would like to thank you for joining us this evening to help celebrate constitution day. Tonights event event is part of the talking together series, a collaborative project with the paterno soros center for civil discourse. The Kaufman Interfaith Institute and media. In 1787, 55 delegates met in philadelphia and drafted the constitution. These four pages of parchment laid the foundation for this new government. Much of what we know as the constitution was written later through 27, ratified them, amend means to broaden the scope of our democracy. Tonights speakers will help us understand the history and the development of our National Charter. This evenings event would not be possible without the continued gener
The talking together series, a collaborative project with the paterno soros center for civil discourse. The Kaufman Interfaith Institute and media. In 1787, 55 delegates met in philadelphia and drafted the constitution. These four pages of parchment laid the foundation for this new government. Much of what we know as the constitution was written later through 27, ratified them, amend means to broaden the scope of our democracy. Tonights speakers will help us understand the history and the development of our National Charter. This evenings event would not be possible without the continued generous support of our donors. Hauenstein Center Memberships are a vital part in our ability to continue fulfilling colonel Ralph W Hauenstein vision of raising a community of ethical, effective leaders for the 21st century. We accomplish this Important Mission through through programing like this evening and work and the work being completed in the peter c cooke Leadership Academy. To learn more abou
German Business Confidence unexpectedly weak. Green arrows at a 40month low. Our road map begins with what to do after the selloff. We finally have a dow component raising guidance but has anything changed with 40 of S P Companies beating on the top line . We travel to get cramers take on at t. Facebook is up 20 plus percent this morning. Thats after beating by a penny and showing signs its monetizing mobile at a decent clip. Upgrades are in full force. Shares are still to be unlocked. If theres a true disappointment, it might be netflix. Missing its target on the year on subscriber growth. What does Reid Hastings need to do about that . First off, markets looking to bounce back from yesterdays selloff in which the dow fell more than 200 points for the second time in three sessions. Havent done that since last thanksgiving adding to positive sentiment this morning, pmi out of china threemonth highs a sign the countrys manufacturing slump may be bottoming out on a day in which fed polic
Ken fre conference, kate . Were waiting for the start of this slated 1 00 press conference with Preet Bharara. Tough terms coming out of his office from the settlement reached. 1. 8 billion fine related to Insider Trading as well as the surrender of their license. Their ability essentially to manage outside money. They will become a Family Office shortly after the settlement is approved by judges. They have pled guilty to five counts against them, one of wire fraud, four of securities fraud and well hear more detail im sure on what they admitted to in terms of Insider Trading and perhaps not best supervising their employees. In a letter to the judges today two judges who need to approve this settlement in order for it to be set in stone, bharara said considering all things the depth and breadth of the wrongdoing here he thought these penalties were steep but fair. Interesting but lotough languag out of his office. He has amassed a track record of Insider Trading convictions and cases.
And a losing week. Lets look at the dow. The dow jones is on track to have its worst Weekly Performance in eight months and potentially worth five months. Ditto for the s p 500, as you can see we are down 30 points. This is the worst performance we of seen in five months for the s p. And concerned about big drops in currency and the emerging markets, argentina, turkey, russia, south africa, a big reason for the selloff today. We also like to talk about the bright spots even if there arent many today. If you are watching after the bell yesterday with david asman you would know that microsoft beat earnings estimates in part due to strong sales from surface tablets and x box i. Lets talk about that stock and look at microsoft, by 0. 95, a gain of 2. 5 . Liz had the chance to sit down with microsoft founder bill gates in davos. This is a u. S. Exclusive and that interview is coming up in a moment. There was this procter and gamble getting a boost today after it eked out a bead on its earni