Speak at actually, we are looking at a roundtable that is going on right now where he is meeting with governor gavin newsom. They have been talking about the causes of the wildfires and what to do next. Of course, Governor Newsom talked a lot about Climate Change being the reason that the state is so tinder dry and hot. President donald trump talked a lot about forest management. Here is an exchange they had a few minutes ago. Climate change is real. That is exacerbating this. I think there is an area of at least commonality on vegetation, forest management, but please respect the difference of opinions out here as it relates to this fundamental issue lite change. I want to acknowledge we have our u. S. Forest representative here. The state of california, your administration, just entered into a first of its type commitment over the next 20 years to double our vegetation management. President donald trump, once he got off of air rce one, was asked by reporters if he believes Climate Ch
Growth rate and job creation, now if you put the fed statement and higher jobless claims together, thats whats pushing stock prices down this morning. Look at it. The dow is off about 100, s p 60, nasdaq about 31, more on that in a second. All right, did you watch night 3 of the Democrats Convention . It was hate trump night. Speaker after speaker layed into the president in personal terms. He gets the blame for everything. Seems to me like the democrats have not gotten over their loss 4 years ago. The president was live tweeting all the way through. We will show you both sides of this, of course, but seems to me like all of the democrats have is hate trump. Varney company is about to begin. Stuart look at the red ink on the markets, first of all, down across the board but not that much. Lets get right at it. Larry kudlow, director of Economic Council at the white house. Larry, negatives this morning. More than 1. 1 million jobless claims, the fed says the virus is hurting growth, back
The United States are we heading down a healthy road will race continue to be used cynically to get votes while the poor and disadvantaged continue to suffer endlessly joining us today is someone who has been thinking of preaching about these issues for decades he is professor cornell west one of the most prominent intellectuals alive professor west teaches at harvard and princeton universitys hes written 20 books and he still has time for his new weekly podcast and its great that tight rope. Professor west thank you so much for joining us recently i was at the National Museum of africanamerican history and culture and i saw the emmett till way i saw the wing that tells the story of the horrifying near genocide in tulsa in 1921 and if you can occur to me that george floyd a modern arbor Rionda Taylor could one day be a wing in a museum and we would still have everything the same today so let me just ask you bluntly is this is in Inflection Point to you or do you think that this is just
It is showing how much power these businesses have to move the index in one direction or another, outweighing technology. As we look at the valuations 2000, the big underperformer today, relative to the median forward valuation on the s p 500, the ratio looks ugly, we are back down to the lowest we have been. I dont know if that is the denominator of the s p 500 continuing to decline. It could be both of those. It has been a downward trajectory, and we have yet to see it. Calls forwe have got questions to be asked of our guests as well. You are a growth investor. There are queries from viewers whether this can be sustained. We have been talking about the heady heights and valuations. You think the nasdaq 100 may have hit a wall here, or can it pull higher . I think we can continue to go higher for no reason at all other than sentiment. As a fundamentally biased investors, you believe you need to have some cyclical rally that comes through for most of these sectors to come to fruition.
Hi im Steve Clements and i have a question is there a connection between the shooting of jacob lake and can osha wall street capitalism and Excessive Military spending my guest today says there is lets get to the bottom line. When a policeman shot jacob blake 7 times in the back in front of his kids in wisconsin last month it was a painful reminder that real change is not coming fast enough to these United States the shooting reignited passions across the country especially after an armed white 17 year old counter protester came to wisconsin from a nearby state until 2 other people protesting the shooting so whats going on in the United States are we heading down a healthy road will race continue to be used cynically to get votes while the poor and disadvantaged continue to suffer endlessly joining us today is someone who has been thinking of preaching about these issues for decades he is professor cornell west one of the most prominent intellectuals alive professor west teaches at har