It may not rhyme but its more compelling than sell in may and go away. It was something i heard many years ago and then it turned out to be a terrific summer rally, because of a rhyme sell in may and go away is suboptimal advice, but this may it just so happens the markets run too much versus if fundamentals the dow plunged 622 and the s p losing 8. 2 . And the nasdaq knowsdiving 3. 20 off the rails. Now, after a week that ended in a bombshell after President Trump talked about the possibility of retaliating against china for not doing enough to stop the coronavirus, i dont love the timing here but if theres one thing weve learned, you need to take the president seriously when he threatens to take action against china, because hes done whatever he says and thats bad news for the stock market let me put it this way in 2018 and 2019 we went after the peoples republic with both barrels. We were in a position of strength strong gdp growth and incredible job market 30 Million People have lo
[ inaudible ] im sorry. Can you just remind me . It was passed in 1902, made permanent in 1904 and it was repealed finally in 1943 during world war ii largely because china was our ally and yet when it was repealed it set a quota of 105 a year, so it was not really repealed. Its not until 1960 that immigration opens up for the chinese. 1882. Yes . So there were sympathetic views among the working class so the people who excluded wanted them excluded were not the working class or not voters, and was there anyone in china who had any voice, any power at all to respond. China at this point was an extremely weak country. It was on the verge of being dominated by japan. This is really when japans rise over asia is really just emerging. And china actually wants u. S. Friendship as a bulwark against the japanese and a lot of European Countries are going into china not to colonize it per se, but to force trade on them. So china is looking for u. S. Friendship to keep this open door, as its cal
This is 40 minutes. It is a great pleasure to introduce today and welcome jeffrey immelt, the chairman and ceo of general electric, our newest corporate citizen. Dartmouthated from with a degree in applied sciences and went to harvard to get his mba. He spent his first 19 years at ge in Global Leadership ts biggestof i businesses including appliances, plastics, health care. , he succeeded jack welsh as the ceo. It is been said it is easier to succeed and inadequate ceo than an adequate one. So he had his work cut out for him. He succeeded the role four days before the 9 11 attacks. Nevertheless, in the 14. 5 years ge, hes been the ceo of has transformed the company by focusing on energy, health care, and transportation. Aeating its core as Materials Company manufacturing jet engines, locomotives, gas turbines, and mri scanners. In that process he has divested nba, nbc universal, and appliances. More recently, is selling ge capital which until a few years ago was responsible for 50 of t
Constitutional right is beyond my com prehengs. I am sick and tired of him going after my family. An interesting debate for most everyone tos. A cold front and add to that a winter storm. Winter weather and storm warnings posted from parts of arkansas to new england. Im kind of blue at this point. Pope francis drove into a parade. All that. And leonardo dahicaprio took home the best actor at the british film awards. Kobe bryant made his final pappearance at the allstar game. Influential, mr. Rose. It is to be faithful to myself and apply the constitution. I was never cool. Were you a bookworm . Were you one of those guys . I was. If we looked at your report card, it would never say you got in trouble . Absolutely not. Be straight as. Really . Straight as the whole time . Would i lie . If you cant trust me, who can you trust, right . Announcer this portion of cbs this morning sponsored by toyota. Lets go places. A wonderful man. Welcome to cbs this morning. Gayle king is off. Kristine j
Center. You are looking live at 3 as we said it has been a very busy overnight in asheville where heavy rain caused flooded roadways to be closed and several water rescues. Rescues. Fox carolinas Ashley Minelli is Fox Carolinas rescues. Rescues. Several water closed and roadways to be caused flooded heavy rain asheville where overnight in been a very busy as we said it has 3 light. But traffic is roads are wet interchange i85 and 385 greenville at the dot cam in live on our sc you are looking 3 may block greenwood that the road in there is a tree in hold hold 3 wrap up now to lauren 3 wednesday. Of more rain lows in the 50s ahead clouds increase with lows in the 50s ahead of more rain wednesday. wrap up 3 with trafficnow to lauren 3 with traffic wrap up 3 hold hold there is a tree in the road in greenwood that may block traffic. 800 block of by pass 72. No other delays. Delays. You are looking live on our sc dot cam in greenville at the i85 and 385 interchange roads are wet but traffic