Pleased to bring you this event. When you see our volunteers, please take time to say thanks. Like to get right to this event here but first. Please silence all your devices. ll wait. Ill wait. Go ahead. Silence all devices. Thank you. And if youre on social media today, and we hope you are, please use the hash tag gbf, gathersburg book festival. Your feedback is valuable to us, so there will be surveys available here at our tent and on our web site. By submitting a survey youll be entered interest a drawing to win a 100 visa gift card. So i encourage each onor thank you to enter the survey. At the end of this presentation, mr. Shirley will be signing books and copies are on sale in this tent and around the grounds here. So take advantage of having the awe authorized such as mr. Shirley here. A quick word about buying books. This is a free event but it does i emphasize does help the book festival if you buy a book. The more books we sell the more publishers will want to sipped the auth
Look for these titles in bookstores is coming week and watch for the authors in the near future book tv and this is book tv live coverage of the 2016 Chicago Tribune printers row lit fest. Over the next seven hours you will hear from several authors including eric larson, Kenneth C Davis and brian burrow. We began todays coverage with a discussion on politics featuring former pres. Obama adviser David Axelrod, author of axelrod, author of believer, and nationally syndicated columnist Clarence Page, author of culture, lawyer. This is live coverage from chicago on book tv. [inaudible conversations] all right. Welcome to the 31st annual Chicago Tribune printers row lit fest. My name is tom for scholars. Before we get started i would like to send a special thank you to our sponsors. Todays program is being broadcast live on cspan2 book tv. At this time there will be a q a session and we ask that you line up in front of the microphone so that the home viewing audience can hear your question
Look for these titles in bookstores is coming week and watch for the authors in the near future book tv and this is book tv live coverage of the 2016 Chicago Tribune printers row lit fest. Over the next seven hours you will hear from several authors including eric larson, Kenneth C Davis and brian burrow. We began todays coverage with a discussion on politics featuring former pres. Obama adviser David Axelrod, author of axelrod, author of believer, and nationally syndicated columnist Clarence Page, author of culture, lawyer. This is live coverage from chicago on book tv. [inaudible conversations] all right. Welcome to the 31st annual Chicago Tribune printers row lit fest. My name is tom for scholars. Before we get started i would like to send a special thank you to our sponsors. Todays program is being broadcast live on cspan2 book tv. At this time there will be a q a session and we ask that you line up in front of the microphone so that the home viewing audience can hear your question
We are getting breaking news, a little bit of data out of germany. One point 9 move in 2016, a touch above analysts and economists expectations. We were expecting a 1. 8 , and we have a 1. 9 . It is pretty much in line with estimates, rising 0. 7 month on month. We had estimated 0. 2 , so it is coming and above expectations. We have a little bit of china december new yuan loans. It goes back to an economy in china that may be boiling up a little bit, and you china loans increased almost doubled from the period last year. Lets quickly check on the markets to see what all of this piece of news means. We had the first News Conference, press conference by donald trump yesterday, the first one sense july of last year, certainly the first one since he got elected. Maybe because of the lack of policy details, the dollar weakened a little better there was a little disappointment and markets about the press conference, and that caused investors to unwind trade positions. Gold, for example, back
Bloomberg casa julie hyman is with us. Julie pullback has continued and accelerated in todays session as investors are looking for more details on fiscal policy prescriptions that werent really given at that press conference. We still he is not in office yet. We will at some point presumably get more details. I wanted to look at the scorecard of where the three major averages stand since the u. S. Election. About a 5 gain for the three major averages. If you take a look at the bloomberg ive made a chart of the three majors going back to november. The dow has been in the lead consistently ever since the election. Whats interesting is the nasdaq was lagging throughout the month of december and as we got into the new year it played catchup and overtook the s p 500 in terms of its return as the nasdaq has been setting new records. He yesterday it was the three major averages to close at a record but its a different story today as we see tech stocks pullback including Companies Like apple a