The dow did go down. The nasdaq went down 4 or 5 . I spent the better part of this year studying the pandemic i was right. You know what we just cover . The professionals are not the only covid that matters. We have a Massive Group of investors who become professionals. They dont care about the same thing as the experts theyre the ones who were the marginal buyers and sellers. The investors have changed the entire character of the market what made you not be able to sleep at night it was very little belief in stocks for the past 20 years, the convention says stocks could no longer be trusted. They continue to lose their values way too quickly when something goes wrong on top of that, the convention only a fool to try to pick individual stocks. You may as well stop trying to beat the mark and put some of your money in an index fund and invest safely in bonds the last eight months, that convention has been stood on its head by a new generation of investors after the rise of Commission Fr
Communities with inclusion and id like to take a moment to recognize our members attending today. They continue to be the background of support for the club and help enable us to offer wonderful and diverse programming now and in the future and we also like to welcome members of the 20 20 class of fellows with rising nexgen business. [inaudible] its an honor for me to introduce our special guest today, trustee at the economic club, deanna mulligan. Deanna was chief executive officer in 2011 and served in that role until this month. She joined in 2008 the Vice President to leave the company in its Spiritual Life and was appointed to presidency operating officer assured as a trustee on the board of the vanguard group, a position she held since 2017 and has a background in both energy and operational themes. [inaudible] she was previously a director on the board of arts council and active in the industry and in the daa and directors of life insurers and the department of Financial Service
The companys intelligent cloud bids that including azure, windows, posted 13. 4 billion in revenue. That beats consensus by a bit. Azure slowing up a bit. Ceo had a question about that and the companys growth on last nights call asked whether or not he is concerned about it my own approach to this would be not to worry as much about shortterm whether or not it is the growth number, im not trying to match an artificial number i think the world will come out of this and it will be stronger when we invest in this space. An ad spending slow down, and they closed that acquisition four years ago right now the Gaming Business had record engagement. People stayed home and they played they call itd a breakthrough quarter for gaming, guys yeah, xbox and surface two were nice surprises. The other big earnings move in tech is twitter. Lets get to Julia Boorstin on that yeah, twitter grew, growing their monetizing value from the year earlier quarter the addition of 20 far exceeded expectations and
Secret they didnt want to publicize something which would be damaging for the company of a deer the city by the end was to stop the debate so they could carry on making money with. A decent sec decides known as near negative knowing to have earned billions for the company a case of placing an innings over ethics certainly by not months what isnt normal is breaking the last concealing facts to question you shores up. How influential is the bay a group and to the authorities fail to exercise proper oversight. But i scull in southwest germany is a fertile region and home to plenty of canola and corn fields cost of car runs of beef on here. Hes passionate about what he does his bees are like part of the family. It really experienced any problems with pesticides until one spring day 12 years ago. And you passed have appeared in the rhine valley and was threatening to devastate the corn fields to save the harvest. The authorities allowed the large scale use of me or nicotine or its on me and
Sudden insecticides something bad was keen to hush up they wanted to keep it secret they didnt want to publicize something which would be damaging for the company and made clear the city by the end was to stop the debate so they could carry on making money it was. A decent sector science known as near nick is annoying to have earned billions for the company and case of placing an innings over ethics and certainly by not knowing what isnt normal is breaking the laws concealing facts your guess should you shores and. How influential is the day a group and to the authorities fail to exercise proper oversight. But i think on. In southwest germany is a fertile region and hand to plenty of canola and corn fields because of carr who runs a beef on here. Hes passionate about what he does his bees are like part of a family. It really experienced any problems with pesticides until one spring day 12 years ago. And you passed had appeared in the rhine valley and was threatening to devastate the co