Out. The billionaire Tilman Fertitta will be here power lunch starts right now the dow making major moves to keep up with the changing times and the changing economy bob is looking at the moves and how they will affect the markets. Bob a bit of a shake up in the dow but the moves make some sense. Let me explain why lets take it piece by piece first we have salesforce. Com replacing exxon mobile the apple split has reduced the tech weighting in the dow and we need more Technology Sales force reflect the growing importance of Software Overall in the u. S. Economy. You dont need two Oil Companies in the dow you dont need exxon and chevron with energy only 3 of the s p one of them chevron will do. Lets look at the dow industrials. Pfizer is the lowest stock price in the dow the price would be even lower. Another reason to move it away amgen is reflecting the growing importance of the biotech space. This sounds like two industrial swaps and they are theytheon overlaps a bit with boeing now,
Just leave it this way. Alright. I dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . For about 20 years or so, youve been the wealthiest man in the world. But because youve given away so much money recently, jeff bezos became wealthier. Do you think if you had stayed in college and gotten your College Degree [laughter] i mean, you dont feel inadequate now, being only the second wealthiest man in the world, is that right . Bill no, i mean its a sign that i havent given the money away fast enough to drop out of the top 10. And, you know, the market has markets been strong. [applause] david actually, the market has been strong. Microsoft is up 35 this year. So, to what do you attribute that . Bill the company is doing super well. Satya nadella is a great ceo. You know, t
Create dilemmas. Would you fix your tie, please . David well, people would not recognize me if my tie was fixed, but ok. We will leave it this way. All right. I dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . For about 20 years or so, you have been the wealthiest man in the world. But because you have given away so much money recently, jeff bezos became wealthier. Do you think if you had stayed in college and gotten your College Degree [laughter] i mean, you dont feel inadequate now, being only the second wealthiest man in the world, is that right . Bill no. I mean it is a sign that i have not given the money away fast enough to drop out of the top 10. And, you know, the market has been strong. [applause] david actually, the market has been strong. Microsoft is up 3
David i dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . For about 20 years or so, youve been the wealthiest man in the world. But because youve given away so much money recently, jeff bezos became wealthier. Do you think if you had stayed in college and gotten your College Degree [laughter] i mean, you dont feel inadequate now, being only the second wealthiest man in the world, is that right . Bill no, i mean its a sign that i havent given the money away fast enough to drop out of the top 10. And, you know, the markets been strong. [applause] david actually, the market has been strong. Microsoft is up 35 this year. So, to what do you attribute that . Bill the company is doing super well. Satya nadella is a great ceo. You know, the whole dream of the importance of so
Recognize me if my tie was fixed, but ok. Just leave it this way. Alright. I dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . For about 20 years or so, you have been the wealthiest man in the world, but because you have given away so much money recently, jeff bezos become wealthier. Do you think if you had stayed in college and got near college degree, i mean, you dont feel in adequate now being only the second wealthiest man in the world, is that right . Not it is a sign i have given the money away fast enough to drop out of the top 10 and the market has been strong. [applause] david actually, the market has been strong. Microsoft is up 35 this year, so what do you attribute that to . Bill the company is doing super well. Company has a great ceo. The whole dream of