We had a few clouds hanging over the market and civil unrest will derail plans to reopen the economy and add to that the rising tensions with china the white house blocking Chinese Airlines from flying to the United States and the ongoing coronavirus pandemic plenty of reasons for investors to be worried and yet here we are. Stocks are sitting at threemonth highs. Guy, what is that expression that you like to say, bad news, good price action and something along those i mean, is that what were seeing in the markets here yeah. Pretty much. Dont label me some raging books, tim, steve and other people i dont know if theyve necessarily seen the extent of this, but theyve clearly said the pain train is higher and thats correct. What it comes down to is would you rather be right or would you rather make money. The warning signs are clearly there. If your stock goes from 5 to 10, youve doubled your money regardless of the reasons why and thats what its come down to and one other thing ill thro
Opening up like indonesia. It is broadly risk in in asia. Jakarta, a little slow at the get go. Singapore higher. Of 0. 7 . The china security journal says china may lower that mls. The hang seng up 150 points. The bondaction in markets overnight, especially when it comes to treasuries. Aelds in the twoyear fell to record low. Fund fed funds pricing in a negative policy rate. This is ahead of the u. S. Jobs. Bonds still up. Bit of ar taking a slump ahead of the jobs data as well. Crude, still below 30 a barrel. Set for a second week of gains for oil. Lets get more analysis. Patrick joins us. Always great to have you. It seems like we have risk coming back. Disconnect to be a to what equity markets are saying and the signal from bond markets in the prospect of some type of economic recovery. Which side is right . Actually you could overplay the disconnect. The dichotomy between markets. Right tohey are both some degree. Littles are probably a spare. It is not crazy to see some recovery
Do you realize how prominent a. I. Is in your life today . Maybe you use facial recognition on your smart phone or gps to help you avoid traffic. The capability of a machine to imitate intelligent Human Behavior. Imitate. But we have only scratched the surface. Will computers transcend Human Behavior . Will we be cohabitating with robots . Are we heading towards a future that doesnt need us as in human beings. Artificial intelligence is change our lives from the way we do our jobs to the way we do business to the way we drive a car to the National Security tools we use. It has the potential to transform the world making us healthier and safer but at what cost . Tonight, the leading minds will help us understand the good, the bad, and the scary. This new Technology Brings with it concerns. Your assistants are getting smarter. The next level of computing has arrived. And its software studying your routines. Listening to your voice and recognizing your speech. Watching you work. Learning
Cyber at the department of justice. Including Election Security issues to supply chain issues to crypto currencies and encryption and access to data. Peter what do you do . Do you bring cases against people that have violated u. S. Law . Is right. Our job is to enforce federal criminal law. Criminal cases against individuals, organizations, or nationstate actors that violate u. S. Federal law. There is a policy component to what i do which is to help form policies working with the congress and our interagency to advance rule of law issues around the world. Peter is your position political or career . I serve in a Political Office but my role is as a career employee. A little bit of both. I am a career person. Servers in a Political Office. How long have you been at the doj . 12 years. About three years ago, i moved to main justice. Encryption andd that has been in the news recently with the saudi terrorist in florida and the San Bernardino shooting several years ago. What is the curren
This is after the bell. S p 500 down six days in a row. All three major averages down more than 4 on the worst pace for the financial crisis since 2018. We have fox Business Team coverage, blake burman at white house, Deirdre Bolton on the floor of the new york stock exchange, phil flynn watching oil at the exchange. Lets kick it off with deirdre. Reporter a lot of superlatives. Closing with the worst week since 2008. Look at stocks that pressured the average most. Microsoft for two reasons. Company says for the Current Quarter not what they expected. This is very much related to the coronavirus. Microsoft gets at least 10 of sales from china. Apple moving lower on the dow as well all day. Like the bigger picture, going down towards the end. Apple last week saying again sales this quarter will be lower due to effects of the coronavirus. One stock i was tracking all day, limiting losses, i dont know if we can say that with 1000 points down is 3 in. A part of what 3m makes are masks. You