Brennan and jon fortt. Markets have been well off the highs. Dow was up 937, trying to hang on to about 400 points on the dow right now. Lets bring in mark mahaney of rbc, david lovevitz of jpmorgan. We knew 2700, 2750 would be a bit of a battleground and its turning out to be exactly that yes, exactly. One of the things thats occurred here over the past couple days really over the course of the past weekend is you finally saw consensus earnings system begin to come down and the narrative that had been in the Market Equities are looking cheap, the question we were always asking was cheap relative to what earnings . When you use the new estimates that are around 145 a share, you know what youre seeing is stocks are looking fairly valued not outright cheap and i think thats a big part of why were seeing things run into resistance at these levels mark, its a great opportunity, davids answer, to ask you how in the world analysts are coming up with any kind of estimates given the lack of gu
Club. I want to take a second might be going to please silentio cell phones. We will be recording audio and video so thats a great incentive to try phones, and also to ask questions with open the floor up, theres a standing mic here in the middle when we do that after the talk here following the talk and the questions there will be assigning. We have books available behind the register. After the talk if you want to get up and purchase book and come back david would be more than happy to sign the. Finally after everything is said and done if you could collapse futures pictures about them up against a surface, that would be greatly appreciated. Thank you. Tonight i have the pleasure of hosting david unhra, plaintiff entered at New York Times. He previously was a reporter and editor at the wall street journal in new york and london. Before that he was journal of European Banking london and has won numerous journalism awards including the 2016 award for feature writing. He is the author o
There is a skinny microphone for when we do that. After david talks. Following the talk and questions there will be a signing there are books available behind the register purchase your book he will be more than happy to sign them and finally if you could pop the chairs up against a surface that would be greatly appreciated. We had the pleasure of posting david enrich who previously was a reporter and editor for the wall street journal new york and london and the journal reporter winning the 2016 award as a journalist in previous the author of spider network. And Deutsche Bank and the epic trail of destruction and the tragic case to illustrate the global face of the financial malfeasance please help me to welcome david enrich. [applause] hello. I have had the pleasure of doing a lot of book events over the past years and then see like this i am not kidding six people in the room. [laughter] so this is awesome i will take out my phone and just take a picture. [laughter] because my wife
Of yesterdays huge gains. We are near the lows with the tou down about i8 0 points we went lower as the ten year yield hits a fresh record low as kelly just reported. Braeg i breaking below 1 for the First Time Ever now at 0. 972 . Lets get to Steve Liesman for the more on the feds emergency rate cut thanks very much. The historic 50 basis cut emergency cut, the first since the financial crisis, not greeted warmly by the market critics condemning the rate cut bringing the rate cut to a new range. Wont do much good to combat the economic effects of the virus u. Hfe writing they dont believe its constructive in the supply shock induced by the coronavirus outbreak and responses to it jay powell in his press conference pushed back against the criticism. We do recognize that a rate cut will not reduce the rate of infection, wont fix a broken supply chain we get that. But we believe our action will provide a meaningful boost to the economy. More specifically, it will support accommodative Fi
Department for the Trump Administration but hes interviewed by jeremy butler, ceo of veterans of america. After words is a weekly Interview Program with relevant guest hosts interviewing top nonfiction authors about their latest work. All after words are availablee through podcasts. Doctor shulkin, thank you for being with us. Its an honor to have you here. I think the va is important to subject to talk about in one of the areas of our government that a lot of people hear about but dont necessarily know many of the details. Frankly, even in the veteran community a lot of us dont understand the breadth and depth of what the va does. Im excited to talk to you about the ba in general and certainly about your book and about your time in the administration. Id love to begin by hearing about what brought you to the va. Youre very successful in the civilian career and times making that transition from the civilian world into the government world can be a bit jarring but what drove you to want