Didnt recognize israel they would raise the word israel from atlases in libraries in dubai i happen to be many still far Foreign Affairs of is where 25 years ago and i met with the bus. In sherman hundreds of pieces of president mubarak at the time we met several times with abdullah bin very. Was over there were on the south lawn of the white house reason ateneo heal a ship between israeli business easier relationship between our government i was there for some 20 years and there still i do not deny its very positive development that there are now ready to sign more formal agreement with south and open embassy than normalization debt good good news for the middle east its a blow to the palace. Kenyans but i hope that wed find a way to make it. So also fade with full the prospect of. Contact with the palestinians not the other wife not old bloke to be with the palestinians i should say the leaders of met with israeli leaders they certainly dont recognize israel diplomatically you mentio
The big rally yesterday. We had the dow dipping 131 points, s and b backsliding 4. 8 , nasdaq edging down 2. 9 this is a good moment to consider where well be in six months because its controlling a lot of action we see in the stock market so the question is will we go back to the old normal once the pandemic is over or will some aspects of the new normal remain some could be permanent. Real engrained habits. Right now wall street is trying to guess which is which. Remember, the market is a forecasting machine with expectations about the future much more than facts about the present. Thats why i say we dont care where stocks have been, we care where they are going so whats the market saying about the post pandemic economy lets start with the obvious one many missed. Peloton. Im getting right to it. Its incredible how many smart people bet against this maker of smart exercise machines. When covid hit Money Managers figured gyms and spin classes were kaput many tried to crash peloton hol
Congress. Congressman, we continue to watch the western states burn this week and you went to the floor yesterday to talk about the importance of forest esmanagement. Could you walk through what that means and what we are and arent doing for our western forests right now. Guest good morning, great to be with you. Forest management is something i love to talk about being a forrester and love to practice for history. A scene how it works. What we are talking about is applying science to make the forest healthy and resilient. In the life of climate effects is more important now than ever to apply these concepts to Management Practices to the forest and i am proposing in the trillion trees act as part of that bill i filed, for areas on public plans and these are also crossed over into private lands that we really need to focus on, especially in these fire prone areas where we are seeing higher weve got all the physics and youve got fuel, oxygen and heat and what we can do is manage the fue
David a few weeks ago, Reed Hastings surprised the corporate world when he said even though he was the ceo and founder of netflix, he would give up that position and become the coceo. I have been a coceo for a while. It can work and it did work for me but it is challenging to be the sole ceo and be the coceo. When you talk to Reed Hastings, you realize he does not have a big ego. He is willing to listen to other people. I think it will work and i think it is working. The company now, which went public in 2002, the market cap is up 86,000 . Stock is up 41,000 since then. Did you ever think it would become that big, that successful . Reed no, because then i would never have sold a share. You never know on that. Honestly, there has been a lot of luck along the way. Blockbuster could have wiped us out many times. When viacom spun off blockbuster in 2004, they saddled them with 1 billion of debt as their goodbye kiss. The covenant on that debt severely limited blockbuster when they attacked
That day . [laughter] david a few weeks ago, Reed Hastings surprised the corporate world when he said even though he was the ceo and founder of netflix, he would give up that position and become the coceo. I have been a coceo for a while. It can work and it did work for me, but it is challenging to be the sole ceo and be the coceo. When you talk to Reed Hastings, you realize he does not have a big ego. He is willing to listen to other people. I think it will work and i think it is working. The company now, which went public in 2002, the market cap is up about 86,000 . Stock is up 41,000 since then. Did you ever think it would become that big, that successful . Reed no, because then i would never have sold a share. You never know on that. Honestly, there has been a lot of luck along the way, too. Blockbuster could have wiped us out many times. When viacom spun off blockbuster in 2004, they saddled them with 1 billion of debt as their goodbye kiss. The covenant on that debt severely limi