Over much of the past three decades, i have been an investor. The highest calling of mankind, ive often thought, was private equity. [laughter] and then i started interviewing. While i watch your interview, i know how to do some interviews. Ive learned from doing my interviews how leaders make it to the top. Jeff i asked him how much he wanted. He said 250. I said, fine. I didnt negotiate with him. I did no due diligence. David i have something i would like to sell. And how they stay there. You dont feel inadequate now because being only the second wealthiest man in the world, is that right . [laughter] vasant narashimhan is the ceo of novartis, a major swissbased Pharmaceutical Company. He was educated at Harvard Medical School but chose not to Practice Medicine. He chose to go into the pharmaceutical industry and is leading the transformation of novartis to one of the most important pharmaceutical companies in the world. I had a chance to sit down with him in new york to talk about t
Now looking at none to one. This is bloomberg surveillance with jonathan ferro, Lisa Abramowicz, and annmarie hordern. Jonathan live from new york city, good morning, good morning. For our audience worldwide, this is bloomberg surveillance with Lisa Abramowicz and annmarie hordern, i am jonathan ferro. We got to begin with this name. Apple. The latest reporting from our colleagues at bloomberg. Apple canceling a decadelong effort to build an electric car. Lisa a decade ago it was building a car would be the next vr headset, the next artificial realitytype of experience. It turns out it is a bad business to build cars. Its a Good Business to say we have something with ai in whatever form it is and it will transform your life. That will gain more traction. Jonathan there is information what theyre moving away from, moving into, and how the market responded. The stock rallied which tells you everything you need to know. Apple imagined the car being priced around 100 k but executives were
If you go back to say 2013 and consider the until this year, the reasons why inflation was low are not hard to understand its a combination of slack in the labor market, declines in Energy Prices and strong dollar that pulled down import price inflation. So, whats important in determining inflation Going Forward is Inflation Expectations by some by many of professional forecasters those have been rock solid we do also look at Household Expectations which have come down some. Marketbased measures of inflation compensation as we mentioned in the statement, they have declined, and they have been snabl recent months, but they have declined to levels that are low by historical standards. That might suggest that Inflation Expectations have come down, but, when cant get at clear read, there are risk built in to inflation compensation that make it impossible to extract directly with Inflation Expectations are so, you know, there is a miss this year. I cant say i can easily point to a sufficien
They contributed a lot in order to get this kind of access. Sandra trump acknowledging a shift in immigration policy, why he says hes softening his stance. Why some companies are saying byebye to annual pay raise. A judge throwing cold water on a lawsuit claiming the coffee giant cheats customers by adding too much ice to its drinks, how dare they . Gain on the open right now. Still several hours away but small gains on the dow, s p and nasdaq futures as we look over in europe for direction there. Ftse and a lot of wait and see. A lot of fed action happening later in the week. Here with me Fox Business Network Dagen Mcdowell. Recon capital Ceo Kevin Kelly and julie is here. Good to have all of you this morning. Good to politics day. A lot of Market Action as far as expectations but not a lot of Market Movement yet. Kevin everybody is focused on the fed later this week so thats why its quiet out theres in the market. Sandra youve been really looking at the numbers there and as far as po
Down because of the longshoreman who died, we will tell you how that will Impact Business today. Really thick fog, we will have more for the ktvu morning news. We want to take you right back out, this is a photograph of a student and there is a photographer and a camera there and the rest are all sleeping and they are protesting the tuition hikes that the uc board of regents is talking about and we will take you back out there live and look at other protests as well. It is thursday november 20th, i am pam cook. Good morning, pam, i am dave clark, would you ask steve why he brought the fog out . I didnt bring it out, it is really tough for some but not for all, may be a little bit of line rain but generally it is the fog, rain is on the way to the top part of your screen and it will bring us maybe some cooler air coming in behind that and until then it is just beginning to move on shore but we have not had a not had an intense view, 50s and most temperatures are stuck and they are very