A day. Yesterday that was a big head wind as the market did get up the s p just to the cusp of those old highs. We did it without the help of technology, of the big Growth Stocks everyone is talking about this rotation the nasdaq has had yet another of its fairly routine pullbacks so far it has bounced to maintain this up trend today yes, tesla helping it, but really it is the old favorites as well, just picking up the slack and the s p is right back to yesterdays afternoon highs before we had that shake out going into the close. Julia, david faber mentioning last hour the passing of Sumner Redstone, a legend in the content world. Coin that phrase content is king. Has a bit of feeling the end of an era, of course, he lived well into his 90s but what are your thoughts on what a figure like Sumner Redstone meant in his prime and who is defining this era right now. Well, certainly, jon. He was the ultimate media mobile of that raera. He was responsible for the consolidation of so much con
To watch closely as the succession happens, david . Yeah. Its not unexpected carl it was done in unexpected fashion given so many things that are different right now at t was having its annual meeting and doing it remotely, virtually, and mr. Stephenson announced it during the course of the annual meeting, that as you said, he will be stepping down at the end of june to be replaced by mr. Stankey as ceo mr. Stephenson will remain on as chairman of the company until january of next year stankey will become a member of the board of directors taking the role of ceo. He is president and coo he got that promotion back a number of months but questions in terms of whether he would get the top job and whether the board of directors would support him for that mr. Stephenson made it clear that he was going to leave the company as its leader most likely this year and obviously choosing to move forward with that, despite the Current Crisis his 13 years at the helm of the company, of course, have b
Before, and indeed is doing right now with the boston fed itself, running a special fund to back up money markets he says that regulatory changes will allow restructured loans from the banks can be brought to the Federal Reserve and be funded that way, and wont be frowned upon by supervisors, so kind of an encourage from the Bank Survivors to get to the to work with their customers and restructure loans. Finally, says its the need to support essential workers and its the best of times here for the public spirit here let me just talk about this rising unemployment rise dramatically were only looking for 0. 2 of an increase in the friday jobs report, but thats not going to pick up whatwear seeing in the more frequent data we had north of 3 million claims last week. Expectation for tomorrow is north of 3 million as well both of those together would raise the Unemployment Rate quite a bit by itself. So were looking beyond the data, tyler and kelly, because its not necessarily going to pick
[applause] senator scott i look around at all the graduates sitting in front of me and i know that the best is yet to come. This is the universe that has university that has graduated more general officers and our military, africanamerican officers in our military. 19 United States military generals. Then perhaps any other school of its size. You see, the best is yet to come. I will close because my dreams have taken me all over the world , and i have been working on my singing lessons because my ultimate dream is to sing in front of thousands of people and hear the roar in the applause as i mesmerize folks with my singing voice. Back in 1983 when i was graduating from high school, the song that stuck with me for the last 32 years is a song called, hold onto your dreams. Maybe somebody out there dont know them. But anyway. All right. Will you go ahead and start the music, president . All, he said he forgot the music. [laughter] senator scott nevermind. I would just sing a knock up ella
Qaeda in iraq and syria. How we address these challenges today will greatly affect your generation tomorrow. The agreements we sign, the solutions we put in place, you will inherit. You will own them. How will they affect the way the world sees america . How they affect your relationship with the Global Community . If you believe, like i believe that the United States is stronger as an engaged constructive partner, how you strengthen connections with people around the world and break down barriers to improve the world around you will determine what you will really say in the year 2060. When you stand at this podium in 2050 2060, the world will be a very different place. Your advice to graduates will likely be unpredictable by what is true today. The world you are inheriting today is smaller, more popular more populated and more inpatient for instant gratification in the world my generation inherited. When you deliver that commencement address in 2060, what we save about the ethics of g