Highprofile alumni who continue to shape the Business Community including Morgan Stanley chairman and ceo james gorman. Im very surprised at where rates are. Id expect by the end of the year, the 10 year would be 3 . I was dead wrong. Jason we will hear more from james gorman in other chats and many topics are also covered in this weeks issue. Carol that included a top story, the u. S. China trade war. As goodwill lifted financial markets, financial editor peter coy warns of consequences. Peter in a way, it is as if the u. S. And china seem intent on dividing the world into two separate spheres, which is really globalization in reverse, and to use a more recent analogy, it is more like the period after world war ii and the cold war when there was a soviet bloc and the western countries. And not doing very much commerce with each other. Very separate, and that was not good for prosperity for anyone, and risk is we will go that way now. Carol we have smart conversations at the Columbia B
We dont see recession coming right away. Maybe august was that peak here. Chomped a lot of wood in august, sentiment horrible. Sentiment is bearish. Maybe we are coming out of it. I think the fed needs to confirm that but maybe we have had a mini cycle. We are set up perfectly for a rally in risk assets into the fall. If we could just hold earnings, we get a reevaluation story. If you want the bull market to die, show me the recession. Until you can produce it, you have got to take the over. No recession, Central Banks in play, markets outside, going into the fall, trade deal, upside. Jonathan another big week for treasury yields. Joining me is kathy jones and brian rehling. I want to begin with you, kathy. Morgan stanley asked the simple question, what if things are better than we thought . Are we finding things are ok . Kathy i think we are ok. The big question two weeks ago is are we going to negative yield like the rest of the world . That is so two weeks ago now. Now everyone is w
David i dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . Let me go back to the beginning of golf. I am not a golfer. I have to be honest with you. I took it up when i was nine, i quit when i was 10. Jack im not one anymore either. David but you were pretty famous in golf. It was too frustrating and here is what i could not understand. Many people are addicted to something that is so humiliating and frustrating to so many people . It never goes where it supposed to go, why are people addicted to it . Jack that is a pretty good question. Its a neverending pursuit of an unattainable goal. [laughter] david ok. Try all youuld want, but nobody has ever mastered the game. Most athletes love to play golf because its difficult. Its challenging for them. It challenges them at w
Fiercely protested ubers expansion, this on top of multiple investigations for deceiving authorities, bribery, and reports of sexual harassment. Pushed out the once untouchable c. E. O. And founder. In 2017, Dara Khosrowshahi was brought in to fix it. Hes brought in new management, to rebuild trust and reputation. Still, it hasnt been an entirely smooth ride. Sparkedashy i. P. O. Excitement but ultimately, investors were not impressed. Themhe job is to prove wrong. Yoing me today, at uber headquarters in downtown san francisco, uber c. E. O. Dara khosrowshahi. Been a long two years. Two years ago, it was announced that you would be replacing the former c. E. O. And even youve admitted you were the unlikely dark horse, even accidental choice. So two years later, did they choice, and did you make the right choice . Ha ha choicei made the right c. And i hope they made the right choice. Can never prepare yourself for a job like this. And uber is a once in a generation company. But its been
Twitter isnt the only stock to do that this year. Coming up, well name names and tell you what this could all mean for another huge ipo. Stay tuned for that. We were taking bets on where it will price. See how all that shakes out. It turns out that it is not true that the socalled wealthy pay the most income tax in america. Jane wells has learned that they pay all the income tax. 106 of income taxes. You heard that right. They pay more than 100 . How is that possible . Stay tuned for this stunning report. And lets check the markets right now. The final hour of the day, pretty much a down day across the board for the major averages. The dow jones is actually an outperformer helped by mastercard. Helped by home depot as well in there but down about 87 points at the moment. The nasdaq is still off. Clutching that 4,000 level. The s p 500 has shed 15 points and got below 1790 as we speak. Maryann bartels from merrill lynch, Adam Thurgood and done shriver from wbmi funds. What do we make of