historical people starting in the 2nd world war and perhaps have been before that. and, you know, they won t have to have seen many challenges over the last century. and yet i heard you recently say that this would be one of the worst patches for humanity to go through in over a 100 years. that s a pretty dramatic assessment. what made you reach it? well, that s what i was, meaning that you have political once or long with us changing a global, retreating from them. you know, i think you have an economic transportation transformation where literally going through a paradigm shift and it s not going very well. china is rising economically, west jewelry and digital revolution. it s really going to have as much as an industrial revolution. i mean me start thinking about the number of this place, it will be truck drivers, taxi drivers, cruise ships, things become more economist why, because that s why these things happen to people that. busy we know economically, money has its ow
you re good to talk to you. thank you very much for time for you. now let me start with the idea that i mentioned in my introduction, that a house, and that s the biblical version. how that is divided against itself cannot stand. would it be fair to say that the world, as we know it today, is perilously divided, or has it always been that way? well, there are moments a division. i mean there is always division with you. but today what we place is on parallel unwinding of an international world order that the u. s. i put in place after world war 2. it created the cold war. bear with moment carrie euphoria during the term of long reagan when you asked why, again, that was quickly now all the good. well, with quick response in terms of going into afghanistan and fighting with to rock allow you see say to just looking to play mothers work with working. you start looking at lower middle class, especially white american. they are on the market on one side. they are, you know, the c
Youre looking at the cac, and the dax up as well. Lets take a look at crude before we get to merger monday or unmerger monday. The wti trading at 4 45. 63. Halliburton and baker hughes scrapping a deal, following opposition from european and u. S. Antitrust regulators. It would have combined the second and Third Largest Oil Services Company and it raised concern it would result in higher prices. Last month, the Justice Department filed a law suit to stop the deal. And as a result, halliburtons going to pay baker hughes a 3. 5 billion breakup fee. I guess you could argue both sides of this, andrew. We know events, its already happening, 7 increase in the price of oil back to h45. The industry will come back, and at that time you have a powerful anticompetitive. Potentially. But in the meantime, it obviously made a lot of sense for both companies to try to pool their resources in such a tough period. And i just wonder, you know, its a fine line to draw, depending on whos president and wh
Week. Not discussed at all, including today, when the dow opened big. Nasdaq advancing 0. 31 . A lot of that because of apple. Apples endless inexorable rise is a gigantic underpinning of this market and we must never forget that fact. Oh, we may focus on the gyrations of ali baba and marvel at the possibilities of twitter. We may be fascinated how macys rallied. Nevertheless, its apple thats the leader. And that in itself is amazing, given everything we ever thought possible about any one particular stock in this market. Consider, here you have the largest stock in the world, with a 650 billion market cap, and the darn thing is up an astou astounding 39 yeartodate. We expect that kind of move from the stock of a company thats being taken over, or maybe a smaller capitalization junior growth stock or a biotech with a redhot product. But from the Biggest Company on earth . Whod believe it . Megacap stocks simply arent supposed to give you these kinds of epic moves. That was easy. Hallel