Low. Shake shack and tesla both getting slapped with downgrades. Star bucks raising prices but coffee addicts keep chucking. Well talk about why. First up it is the sign of a resilient u. S. Stock market. Eurozone officials are meeting today pushing for new reform proposes from the greek Prime Minister. Banks and stock markets remain closed. Pictures of people waiting outside the banks. Pensioners trying to withdraw some money. There is a sense, has tsipras built Political Capital post referendum in. I think that merkel is making a stand. Theres really good articles today about how merkel has emerged as being pretty much a dictator. And the wall street journal writing a story this morning about germanys rise in power over the last eight years. Its going to make it so it doesnt look good for tsipras. This dollar being strong earnings season starts tomorrow carl. Cut numbers, cut numbers, youre going to have to cut number for every international company. This is im very uncomfortable wit
Inflexion point. Given everything thats in front of us, whether its the election, possible fed hike, and the uncertainty around that, how do the markets look to you today . I think you have to look at what market youre talking about. Lets stick to the u. S. Market. Lets say u. S. Stock market. S p 500. Probably 2140 somethingish at the moment. I think you have a lot of hawks on the fomc. I think a lot of them are stepping off. Its either december or not happening. I think theyre going to raise. I think its okay raise. Ive said this before. People often get so nervous about something happening. Everybody adjusts anyways. The great thing about the u. S. Move is we have inflation. Thats good compared to what the rest of the world is facing. Deflation environment. Expectations for the suts 2. 2 . Thats good. Highest of all these big countries. Growth 2. 2 expected next year. Not cheap. Not super expensive. I think the key is find opportunities, find alpha, find individual stocks, find indi
Day. Will see if they hold onto them by the close of trading. Streak this continuing of less than 1 moves in the s p 500. At the moment, all three major averages are at highs if im not mistaken. It looks like some of them are at intraday highs. We are trying to figure out when the last time all of them hit the levels at the same time. Theg back to the last time dow set a record on july 20 of backyear, you can also go to july 20 last year and again we have seen, it took longer to for the nasdaq to hit those levels. In terms of what stocks are contributing to the gains in the dow today, we got nike, chevron, and ibm. Ae only one that has more of catalyst would be chevron which is rising along with oil prices. Is helping with the updraft ghosting in stocks over all this is something that matt miller picked it out earlier is that even though the major averages are hitting highs, many of the stocks are not necessarily their. This is 52week highs in the s p 500 versus lowes. Versus lows. A r
Test. Test. Test. Test. They were kind of happy to show off the fishing. It was a pretty big fishing business there. It had been there for about a decade. And in the beginning they were happy to show those guys around, but they constantly had a government minder with them. So you can go to look at the factory, but were going to come with you. And i kind of broke off at that point and pretended like i was more interested in teaching english at the school and visiting the market, going around the islands. I was free and they were stuck with the government minders. At a certain point when my colleagues wanted to follow up what i had come across, like the graveyard or whatever and would disappear for a few hours, the government minders started getting really nervous and angry and basically kicked us off and then i was left alone. My burmese colleague came. We were okay for a few days, but after a while they really hated us as well and started, you know thats when they kind of chased after
And the seafood industry and failed schools for minority students. This is about one hour and 40 minutes. Good morning, everyone. Im tom patterson, the interim director of the shorenstein center. This is the followup to last evenings Goldsmith Awards Program. Event this part of the where we have a finalist for the goldsmith investigative reporting award take us a little bit behind the story. How they came to it. Some of the difficulties they faced, and then we can all have a conversation about these stories and investigative reporting generally. I would like to thank the Greenfield Foundation which underwrites the goldsmith awards. They have supported it through its 24 years unveiling way unfailing. It would not be the type of program it is without that marvelous family. What i am going to do, i will introduce you to the panelist. I think i will do them one at a time when you are up, rather than going down the line. By the time they come up, you sometimes forget which one they were. So