Gerri third people are still missing. Nine are now confirmed dead after record rain and severe flooding across oklahoma and texas. Hundreds of homes were swept away in central texas. Another foot of rain fell on houston today which already has seen some of the worst flooding in years. In hayes county, south of austin, raging floodwaters tore through communities like wimberly. Wimberly resident keith mcnab is joining us. Great to have you on the show. I know it has been a very difficult time for you. At least for your family, at least good news your house was spared tragedy. Tell us what happened in your neighborhood. It was of course memorial weekend. We have lots of folks in town being holiday weekend. Most of wimberly Vacation Property is centered on blanco river as much as any. It was kind of a perfect storm of conditions of already wet ground. Weve had unusually wet spring out here in the austin hill country southwest of austin area. With the ground already being as wet as it was,
We focus on alternative assets. What investors and entrepreneurs are doing as well as what is going on and hedge funds, private equity, real estate, and more. Guests,big alt asset one big private equity guest and one Big Hedge Fund guest. Joseph told us the u. S. Stock market is not overvalued if you measure by the prices buyout firms are paying for companies. Them and weccess have done five ipos this year. On the multiple basis, the markets are not overvalued. Maybe they are fairly valued. It depends on interest rates. The market cant continue to compound 20 . Could they compound at eight percent . Absolutely. What do you think of the argument which is, investors are desperate for yield, so as long as they are willing to pay, it means the stock market is not overvalued . They have taken a lot of Companies Public at a profit for the firm. They have been great for blackstone. Have 200 billion dollars in assets. What about smaller places . It has broader implications. To the extent that
Stars mark polo and Keira Knightley. I was speaking to the films director on how independent movies fit into the everchanging world of digital media. All that and more over the next hour. Lets get headlines from my radio cohost carol massar. Nike shares are higher in after hours after the Company Posted Fourth Quarter profit that topped analyst estimates. Net income in the quarter rising more than 5 to nearly 700 million. Dupont also in the headlines. The company cutting its fullyear earnings forecast citing disappointing decrease in herbicide sales. And gopro gaining 30 in its initial day of trading. The company raising 427 million yesterday selling nearly 18 million shares for 24 each. Today the stock closing over 31 a share. And i think that worked out to about 10 in terms of what they sold at the company. Thats a look at the headlines. Back over to you. Thanks very much, carol massar. Speaking of initial Public Offerings ali babba will list its shares on the New York Stock Exchange
Ideas from concept to concrete quickly. We will show you the first features on the site. Bill gates and peter thiel will show you how a 9 billion dollar industry is about to change. The cio of Credit Suisse highlights three areas where she thinks investors can make money. Transportation for us means the transport of global goods and services. We are focusing on that in a couple of different ways. We have a port operator, dp world. It is a way to play the Global Shipping transportation. This implies Economic Health in the fact that goods are actually being shipped around the world. You are seeing that. We are. We think the Global Growth picture will be better than and and than in 2013. Even in the longterm secular view, when you have a Global Economy that is growing, we have noticed a trend that the merchandise exports as a percentage of gdp is doubling at a faster rate than any time in world history. All of the doom and gloom and talk about unemployment and the u. S. Growing slower tha
Concrete quickly. We will show you the first features on the site. Bill gates and peter thiel will show you how a 9 billion dollar industry is about to change. The cio of Credit Suisse highlights three areas where she thinks investors can make money. Transportation for us means the transport of global goods and services. We are focusing on that in a couple of different ways. We have a port operator, dp world. It is a way to play the Global Shipping transportation. This implies Economic Health in the fact that goods are actually being shipped around the world. You are seeing that. We are. We think the Global Growth picture will be better than in 2013. Even in the longterm secular view, when you have a Global Economy that is growing, we have noticed a trend that the merchandise exports as a percentage of gdp is doubling at a faster rate than any time in world history. All of the doom and gloom and talk about unemployment and the u. S. Growing slower than it should, you can listen to that