The field and youre playing a different sport. You go wow. Today it is soccer. Tomorrow it is baseball. It is that stunning of a difference. You no longer are going to be able to protect your ability to one thing and go out there and it is going to be very frustrating to people and that is why the structures and roles of leaders are going to be so dramatically different. To re they are going catch themselves looking at headlights and they are going to get run over. A question for about relations. Some people think it is an institutional issue. Some people think it is personal relationships that you have talked about so much. Im curious, where do you think t falls on both . Yeah, well, i think they are related. If you go back in history and look at what president lincoln put together and we remember how good it was when he and ulysses s. Grant the last couple of years of the war, it took some painful years to get to that. I think that ultimately it takes really good relationships. It ta
Sustaining forces. But its no time to rest on our laurels. We have many others pressed that now is the time to keep the progress going, keep moving forward and not to expect the trend will continue, but to get ahead of it and keep moving down the path. I think from our good, certainly after the economic downturn, we did see a slowing in the growth of overall costs and medicine. Do we believe, 18 of gdp is health care. The unchecked prediction as to be 25 of gdp by 2025. Now is the time to impact occurs. Although lucena moderation in growth were recently, we have seen a spike again. So i agree it is time to really focus after as part of the implementation of the Affordable Care to really focus on cost. Agreement on the send . Yes, i think so. One of the concerns be seen as slowing the rate of growth in that occur in particular, we have allowed vb programmers in the medicare system right now. 65, 66 years old relatively low utilizers at the population as a whole. 15 years or not, baby bo
Thanks, everybody. This been an amazing few days. This is our last big battle, and im taking the prerogative of introducing it because people i admire more than almost anybody ive had the pleasure to spend a career with, but before i do, dont worry im not going to give thank you to all the sponsors, im going to tell you youve got to go outside right after this at 4 00. We have music and whole lot of things, but in particular we have charlie gabriel. Mitch will tell you how amazing is. The 89yearold come when of the originals. You can be there with the presentation hall jazz band. So unlike most book festival we with our party afterwards. So come hear the band, come, come dance, whatever the one of the things i teach it to link is a transmission that happened in media and the great transformation that is happening now is how books have survived but also they survived as audiobooks and podcasts. The three people on stage along with Michael Lewis whose podcast, billy podcast i think ive d
Looking for a fresh start after ugly trading days last week. Yields are rising as debate over who will be the next fed chair picks up steam. Sax seeing more markdowns for womens shoes, handbags and menswear but its not bad news for the consumer companies. Jpmorgan upgrading Dollar General. Entell upgrade over at piper saying pcs are not down for the count yet. Futures, as we said, slightly lower after the major indices posted the first backtoback weekly losses in june. Worst week for the dow this year, all going on amid encertaine encertainen certa uncertainty of the fed mens and jackson hole starting thursday, friday. How do you feel after last week . I work on charts every week. Show it to them. Too many look horrible. I mean, ive got to tell you, were in a key moment here. Industrials hanging by a thread. The Real Estate Investment trusts terrible, carl. Only group good, gold stocks. We dont want them as leadership. No. The miners, hated miners all year not going to lead us out of t
I think we should give full disclosier first. Comcast is the parent of our company, cnbc. By the way, the ceos of both companies, they were be joining david faber right here on squawk box coming up at 7 00 eastern time. Ive already had i was walking and thinking im going to leave this show with neither rain nor sleet nor dark of night. And i saw that was written into the prompter and i thought for a second, whose motto is that . The post office. Who wants to compare comcast to the post office . No one wants to be compared to the post office. I get my mail every day. You once talked about how effective they were and then we talked about they lose 8 billion a quarter. I want the post office toen continue. And i certainly dont want to make any postal workers mad. Should we talk about this . I think we should talk about it now. Its worth talking about. It has a lot of ramifications. Did we just pull the rug out from under them . I think charter eped it to be done, right . He wanted someone