Over much of the past three decades, i have been an investor. The highest calling of mankind, ive often thought, was private equity. [laughter] and then i started interviewing. I watched your interviews, so i know how to do some interviews. Ive learned from doing my interviews how leaders make it to the top. Jeff i asked him how much he wanted. He said 250. I said, fine. I didnt negotiate with him. I did no due diligence. David i have something i would like to sell. [laughter] and how they stay there. You dont feel inadequate now because being only the second wealthiest man in the world, is that right . [laughter] Thomas Buberl is the ceo of the exhibit, one of the Worlds Largest Insurance Companies. I sat down with him to talk about the risks facing global insurers, particularly the war and Climate Change. Explain to people who are not familiar with Life Insurance or Health Insurance or any kind of insurance, what is the main business. It is to underwrite what the risk is, make a prof
Gina ewing testified that the Biden Administration has driven a historic recovery over the last three years and address the need for Regulatory Framework stable corns and Digital Assets. Intelligence and the financials actor. This is about two hours. Committee on banking an the committee will come to order. Secretary ellen who has been taxable in the schedule and we had to change the time from yesterday to today and then she has to leave at 11 30. We will risk back that. I will enforce the five minute rule on myself and everyone else. Thank you for understanding, all of you. For a long time, its clear what gets rewarded and wall street. Bigger risks mean bigger profits. Your profits mean more stock options. Bigger profits mean fatter bonuses. Then we end up with a wall street culture that glorifies seen just how much they can get away with. Executives know that when big bets pay off, they get to cash out and when is bets failed, they dont clean up the mess. Workers and taxpayers and ou
And later, former saks ceo steve sadove markets trying to get back some of what was lost on tuesday. As you know by now, the dows worst day since july, up about 130 here s p continues to circulate now around 44. 50 you have a little bit more tame vix picture below 16 and that tenyear coming off of 4. 22 this morning. Tech is lagging after yesterdays selloff and now the more recent underperformance of tech after the outperformance of tech so far yeartodate can tech continue to rally as these yields, even if theyre pulling back, settle in at higher levels. And the debate continues about whether the economy is too hot to get rid of inflation for the fed. Just this morning, we got some housing numbers that were better than expected. Industrial production, a litter better than expected after yesterdays retail sales a lot of jokes about the magnificent one or two, as opposed to magnificent seven, although cisco tonight could give us a view at least of enterprise spend and whether that gets a
Revenue still going. We will see how this develops. The Second Quarter sees europe shine with the sector moving 2 . Premiums will stay elevated to combat inflation. There is inflation pressure, but we have rate increases and those are we have the ben pefit from investmt income. And we await the latest inflation print with the Federal Reserve possibly looking to the end of the hiking cycle. And disney revealed a larger than expected subscriber loss. Bob iger pledging to sharpen focus. We are prioritizing our brands and franchises and rationalizing the volume of content we make and what we spend and what markets we invest in good morning. Welcome to street signs. Lets kick off with data from italy. These are the fresh numbers in july the final cpi for the month has come in down 1. 6 month on month against the preliminary estimate we have inflation up 6. 3 . That is a touch lighter than the 6. 4 forecast. In terms of the final july cpi index, that was flat month on month. Key inflation wa
We are getting more information from the island of maui. That devastating wildfire is changing lives and literally changing the landscape. How some people managed to flee while others are heading to the island to help. Also demanding solutions to crime that cripples their businesses almost every day. The meeting held today in oakland trying to get city and state leaders to h help out. As summer winds down covid numbers are rising. The new way a covid spike is being monitored. Thanks for joining us. The news at 5 30 starts right now. We have new information and new numbers coming in from maui. We also expect another update from the governor of hawaii in about an hour. Sadly we know the death toll continues to rise. 53 people have now been killed by the destructive fires. Bar owner and historic lahaina captured this video showing the terror as the wildfire swept through the popular tourist area. Days later lahaina appears to be leveled by wildfire with hundreds of buildings and homes als