For the Dow Jones Industrial average, up nearly 156 points. It finished at 18,288. The nasdaq closed 44 points higher. It was 5,008. The s p 500 also at a new alltime closing high up 12 points to finish the day at 2,117. Berttha coombs joins us with what drove the index to this level. Hi, bertha. Its been an amazing ride tyler. 15 years ago, you had stocks that traded on the nasdaq with valuations that were sometimes 100 times or more what their earnings were, if they had profits at all. Very different index right now. If you take a look at a number of these stocks some of the high flyers they now have valuations that are much closer to the closing market. The nasdaq 100, even if you have stocks like amazon and tesla, you still have other stocks that brought the nasdaq 100 pe down to 19. That compares to the s p at 17. And really the biggest indicator is apple. Apple, despite being the Largest Company emp by market valuation, trades at just 14 times its recordbreaking earnings. Pr. Ber
Symbolically significant number 5,000. It was a record day, by the way, for the Dow Jones Industrial average, up nearly 156 points. It finished at 18,288. The nasdaq closed 44 points higher. It was 5,008. The s p 500 also at a new alltime closing high up 12 points to finish the day at 2,117. Berttha coombs joins us with what drove the index to this level. Hi, bertha. Its been an amazing ride tyler. 15 years ago, you had stocks that traded on the nasdaq with valuations that were sometimes 100 times or more what their earnings were, if they had profits at all. Very different index right now. If you take a look at a number of these stocks some of the high flyers they now have valuations that are much closer to the closing market. The nasdaq 100, even if you have stocks like amazon and tesla, you still have other stocks that brought the nasdaq 100 pe down to 19. That compares to the s p at 17. And really the biggest indicator is apple. Apple, despite being the Largest Company emp by market
A republic no more Big Government and the rise of american political corruption by jay cost. My name is john samples. Icann would like to welcome you to our event today for this very important book. If you read the book florins before today come the day will proceed in many ways save his fellow other bookworms have. You would hear from some participated in the there will be a questionandanswer session about 1 00 and also one other thing like our other events, please turn off our cell phones now so we can have the event in peace and quiet. Some of the things will be different today. We are trying different to us. A different format. Into this particular case, are out there jay cost with a few general sense of the lay of the land. Mycobacteria and Chris Edwards and they will for a few minutes give you some impressions of the book and then work how much a increase will have a conversation about the spread of a little corruption in america a republic no more. I look at the administrative s
Boomers retire end this inefficient system that privileges waste and playoffs is going to become more expensive. I often said if you start from the premise of thinking Financial Regulation is about stability or safety and soundness. One of the things that struck me, a commonality and insurance, it was all kind of hidden, it works on issues a lot. Really out rage you about what is on budget, it seems to be contingent liabilities, what let me ask you, it is it the corruption is worse when theres an element of budgetary secrecy . I would say so. I would say there is and the extent to which they are hidden is extraordinary. It seems like i remember when everybody kept telling me things like money failed, but these are going to be great profit but i am sure it is true. In the case of fannie and freddie one of the problems was they werent keeping on his books. Tom cox is the new senator from arkansas. The vote, he was the only member of the arkansas delegation, a very in the cycle guy, a reu
The people who get in government think that they can centrally plan the economy as it the economy or set society was like a chessboard that the government can manipulate. That is the problem with the Big Government. So i dont think i think jays critique is the hamiltonian or henry clay kind of Big Government system perhaps could have worked in washington if we changed the institutions in washington over the decades. I dont think thats right. I think the government failed because it tries to centrally plan. A second point and maybe this is more, i thought it was interesting more bit of an agreement with j. Is that the master and the of checks and balances and that factions and extend republic our each other to the broader public good medicine and fairly, jay can correct me if im wrong, didnt see logrolling. Its a central and crucial problem in government and jay goes into this in some detail. Back to the 19th century logrolling was a huge problem with various programs. I think a discuss