And moderated by cogswell omak. My name is donna rapaccioli. As you may realize, 2020 marks 100 years of purpose driven his education at fordham. Since our inception we believe in the power of partnerships to inform and to lead change. I very much would like to thank the Gabelli Center for Global Security and analysis and our wonderful partners, the museum of American Finance and the society of new york for sponsoring todays conversation. The centennial series was designed to shine light on emerging and important trends. One of the things we had realize is that reflecting on our history provides new insights into the current challenges that have disrupted and change industries and Business Models. Todays session focuses on the challenges that leaders at that j. P. Morgan chase and company faced, and survived, as is seen in jpmorgans fall and revival how the wave of consolidation changed americas premier bank. Im very proud to say that j. P. Morgan is a largest employer of Gabelli Schoo
The cac is up and the footstsef. The yields something weve been watching closely ticking up a little more like it was yesterday and that was a big difference in yesterdays market rally compared to the risk on tone to the sector performance. Thanks for that if youre looking for a negative, we did come off the highs. A couple of offsets, but it was a more constructive. Were getting back. Ill tell you. I can tell you week ago whats a week ago when i was sitting in for melissa, everyone was bearish. Really . Monday was a big week. It was the s p 500 and nasdaq both down. But that had been after six straight five or six straight weeks, so everyone was bearish the guy from Morgan Stanley, very bearer . Oh, i remember. Swell see. Bo jo, ten more people backing him. He had powder all over his nose. Thats derailed his campaign. Really . Theyre down to ten candidates. Ten. Boris johnson will make the final two. Less than the democrats you know, watching what happens in italy and all these other
Prompting a vicious selloff in the final minutes of trading. The morning started out much different. The opening bell rang and stocks took off. The Dow Jones Industrial average soaring as much as 440 points, staying elevated for much of the day, thanks to a cut in Interest Rates by the chinese government. But by late this afternoon, investors appeared less convi e convinced and the selling intensified, losing about 500 points in the final hour of trading. By the close, the blue chip dow index finished lower to 15,666. The nasdaq was off 19, and the s p 500 fell 25. The reversal in the dow and the s p was the biggest to the downside since the heart of the financial crisis. Bob has more on the rally that wasnt and why the bulls just couldnt hang on. We had a rally at the open, but stocks lost steam midday and gains were wiped out in the last hour, so whats the problem . There was a nice rally at the open, but the buyers were never very enthusiastic. Volume was much lighter than yesterday
Prompting a vicious selloff in the final minutes of trading. The morning srted out much different. The opening bell rang and stocks took off. The Dow Jones Industrial average soaring as much as 440 points, staying elevated for much of the day, thanks to a cut in Interest Rates by the chinese government. But by late this afternoon, investors appeared less convi e convinced and the selling intensified, losing about 500 points in the final hour of trading. By the close, the blue chip dow index finished lower to 15,666. The nasdaq was off 19, and the s p 500 fell 25. The reversal in the dow and the s p was the biggest to the downside since the heart of the financial crisis. Bob has more on the rally that wasnt and why the bulls just couldnt hang on. We had a rally at the open, but stocks lost steam midday and gains were wiped out in the last hour, so whats the problem . There was a nice rally at the open, but the buyers were never very enthusiastic. Volume was much lighter than yesterday t
Prompting a vicious selloff in the final minutes of trading. The morning started out much different. The opening bell rang and stocks took off. The Dow Jones Industrial average soaring as much as 440 points, staying elevated for much of the day, thanks to a cut in Interest Rates by the chinese government. But by late this afternoon, investors appeared less convi e convinced and the selling intensified, losing about 500 points in the final hour of trading. By the close, the blue chip dow index finished lower to 15,666. The nasdaq was off 19, and the s p 500 fell 25. The reversal in the dow and the s p was the biggest to the downside since the heart of the financial crisis. Bob has more on the rally that wasnt and why the bulls just couldnt hang on. We had a rally at the open, but stocks lost steam midday and gains were wiped out in the last hour, so whats the problem . There was a nice rally at the open, but the buyers were never very enthusiastic. Volume was much lighter than yesterday