That way in your book . Mr. Chernow when i started working on the book i read it to i ran into a friend who said to me, how can you write a great biography of someone who wrote a great autobiography . That stopped me in my tracks and i thought about that comment for many days. Then i realized that it actually helped to define the direction of my book because i realized that what my job was to do as a biographer was to zero in on the silences and the evasions. It is not really a biography. It is not really an autobiography. It covers the mexican war and the civil war. I ended up zeroing in on those things that grant did not want to talk about, particularly his lifelong struggle with alcoholism and his repeated his repeated business failures. Host i want to start out concentrating on the end of his life. I believe it was 1883 he was a twoterm president and he slipped on the ice. You also tell that story. What is it . Mr. Chernow a cascading story cascading series of crises that happened
Pitching staff credits your efforts in game five of the nlcs, really giving this game momentum, new life. How good you said you looked like a football player, but how good does this feel right now . This feels incredible. Its surreal. Everyone helped out from the start. Three games in cincinnati, no one had done that in a couple years. Game five in lcs i was blessed with having the game of my life. And the momentum turned when we got back to San Francisco. Everybody counted you out but you have gone through a lot in your career as well. You just said to me you have been laying low since you have been pitching. What is it like now you can finally enjoy this . What are you thinking about . I think its just important to enjoy it with, you know, the team and my family and friends and people that really matter. And, you know, not make too much of a spectacle of it, keep it inside. Talking to bruce bochy about what should be remembered. The pitching staff came together, the defense. What do
Similar gains for italy and spain. If you check out the currencies, thats where so much of the real volatility has been taking place, you can see that the pound is higher versus the dollar. Its trading at 1. 4635. The dollar is up against the yen at 104. 44. Finally, check out crude oil prices, crude down by a dollar last week with real concern on what was happening there. And that added pressure to equities last week. This morning, wti is up by 1. 5 . The gain is 73 cents to 48. 71. A couple stories we are watching this morning, Indias Central Bank chief announcing hell step down when his term ends in september. The news was not expected. Rajan has been popular with Foreign Investors and took control of Indias Central Bank in 2013 when the country faced the worst currency crisis since the 1990s. But faced creditism from the ruling party for not lowering Interest Rates enough. And he announced sweeping reform rules. This clears the way for apple to open stores in the country. Shares fo
Hold on enclosed negative once again. Scarlet i want to run through leaders and laggards here. You can see the gains were not big by any stretch of the imagination up. 5 . Iotech did better it tracks the sector up 2. 5 . Energy was one centered declining as oil prices decline. Ne name i want to highlight it has fallen or gained 2 . The anecdotal on the iphone seven has an positive. Sprint says they received four ands as many new iphones later today, verizon came to say its orders have basically come in within the normal range where aboutlects lets talk bond market because that is the center of the action. The story has been that back up in rates lately. Down toear yield back 1. 7. Lets look at the bond index yield. Yields are clearly on the rise. This captures all the bonds. You can see the rise in yields, extraordinarily low. At the endup there that arguably caused so much of the volatility we are seeing in markets. I want to show another chart. The five and 30 spread, this is interes
, a groups pulling us there lot of the cyclical groups. Consumer discretionary stocks are leading the declines with Health Care Help to limit the declines. The other notable mover of the session would be the u. S. Dollar. We talked about the correlation less thanrices the fact that the dollar has been down and that is something investors are increasingly talking about. Were is some talk that maybe could see a return to strength for the u. S. Dollar. Take a look at the bloomberg care. Going back all the way to the 70s and the trade weighted dollar. The other time we have had long runs, have been longer than the current run in the drop in the past month or so notwithstanding. You had all volcker being named fed chairman and a 67 month rally in the u. S. Dollar. Then the dollar came down and in the 90s, robert rubin in treasury spurred and 81 month rally in the u. S. Dollar and we have had a current rally that is only 57 months. Past performance does not guarantee future results. But the