Being only the second wealthiest man in the world . David in the United States today, there are only 38 women serving as ceos of fortune 500 companies. Griffith,se is tricia ceo of progressive, one of the largest Automobile Insurance Companies in the United States. She started as a claim adjuster and worked her way up to become the ceo. Since that time, the stock is up more than 175 . My mistake was i didnt know her then and i didnt buy stock in the company. If she ever goes somewhere else, im going to buy that stock right away. For those that arent familiar with progressive, and if you watch television, you would be familiar, im just curious, why is it that Automobile Insurance Companies seem to advertise a lot . Is that because people will be guided by the advertisement . Tricia it is just a really competitive industry. It is something you are required to have, so it is not like if you pick a different soft drink or a beverage, but it is required. It is so competitive. To be top of m
This red november to serve . Well, i became interested in the left ward drift of the Democratic Party because it seemed to me to be quite radical and bad not just for the Democratic Party but for the country. I had been a democrat in my College Years and shortly thereafter and i became more conservative before becoming a republican and joining breitbart and even then i retained an empathy for the kind of utopian thinking that the left does. Im not a utopian myself, but i do think that Many Democrats with whom i disagree on policy issues, ideological issues are coming from a very good place, they want to make the world better. And what struck me about the direction of the Democratic Party was that it is taking that party in such an extreme direction that it risks falling over the cliff and pulling the country with us. One of the most important things that changed my mind about politics was my experience for 7 years in south africa seeing that leftwing government mismanage the country af
Democratic hardy but for the country. I had been a democrat and my College Years and surely thereafter and i became more conservative over time before becoming republican during breitbart and so forth but even then i had an empathy for a kind of utopian thinking that the left does but im not a utopian myself but i do think that Many Democrats might disagree on policy issues in an ideological issues are coming from a very good place. They want to make a world better and what struck me about the direction the Democratic Party is taking, that party in such an extreme direction better risks falling over the cliff and essentially pulling the rest of the country with it one of the most important things to change my mind about politics was my experience for seven years in south africa seeing that leftwing government mismanaged the country after apartheid and i came back to the United States with the lessons of that experience very prominent in my mind and it really guided my thinking about am
They know nothing theyre hanging on every word from Speaker Pelosi or secretary mnuchin, watching Mitch Mcconnells body language. We need to know if cash strapped states and Small Businesses will get the help they need but the stock markets already made up its mind it doesnt matter. Thats how we can some solid action today nasdaq soaring, 1. 42 hall hey lielujah were starting to hear about huge layoffs, okay disney, smaller ones at goldman sachs. Possible avalanche of firings at the airlines these people are losing their jobses through no fault of their own, and i hope the government can get its act together to help them, because its the right thing to do. The broader economy needs a stimulus package, America Needs a stimulus package but the market, oh, man, the market doesnt see a recession it seems a secular boom in Certain Industries i know this because were starting to get earnings from defensive companies that would normally give shareholders huge windfalls. But theyre greeted wit
Surging sales at consumers as consumers pour money into Home Improvement. How long can that last in and investors yanked in Different Directions as the biotechs working on covid19 vaccines report both good and very bad news. My colleagueses, ben levisohn is, carlton english and jack howe. Guys, its great to be back from vacation. Did you miss me . Absolutely. [laughter] this much. Jack more than that. Come on, jack, i caught fish bigger than that. There we go. So, ben, good news while i was gone, i guess, the s p hit new records, nasdaq hit new records. But oddly, more stocks went down than went up. How does that work . Well, really this is apples stock market. It went up up 8. 2 this week and was responsible for 60 of the s p 500s 0. 7 gain. Its doing all the heavy lifting here, and its now a 2 trillion market cap stock that makes up for the fact that on a day like today just over 200 stocks were positive, almost 30 were down 300 were down on the day. Its quite remarkable. Jack so wha