Event. My name is donna and i have the honor of serving as the dean of the school of business as you may realize 2020 marks 100 years of purpose driven education. Since our inception, we believe that the power of partnerships to explore and lead change. I very much would like to thank the center for Global Security analysis and wonderful partners in American Finance and the society of new york sponsoring todays conversation. The centennial series was designed to shine light on emerging and important trends. One of the things we realized as reflectinisreflecting on our hiy provides insight into the current challenges that disrupted and changed industries and Business Models. Todays session focuses on the challenges that the leaders at j. P. Morgan chase and company faced and survived. As seen in the latest book j. P. Morgans fall and revival, how the wave of consolidation changed americas premier bank. I am proud to say j. P. Morgan is the largest of the graduates and i know many on the
And moderated by cogswell omak. My name is donna rapaccioli. As you may realize, 2020 marks 100 years of purpose driven his education at fordham. Since our inception we believe in the power of partnerships to inform and to lead change. I very much would like to thank the Gabelli Center for Global Security and analysis and our wonderful partners, the museum of American Finance and the society of new york for sponsoring todays conversation. The centennial series was designed to shine light on emerging and important trends. One of the things we had realize is that reflecting on our history provides new insights into the current challenges that have disrupted and change industries and Business Models. Todays session focuses on the challenges that leaders at that j. P. Morgan chase and company faced, and survived, as is seen in jpmorgans fall and revival how the wave of consolidation changed americas premier bank. Im very proud to say that j. P. Morgan is a largest employer of Gabelli Schoo
Out of 5 segs laeout of 5 segs s out of 5 segs laessions last we. A lot of that potentially around the possibility of vaccines. Well talk to dr. Scott gottlieb about that pfizer already saying that its made several hundred thousand doses of its vaccine they could have 100 million ready by the end of the year if they receive approval. Lets look at whats been happening in the treasury market this morning as well last week you did see those treasury yields under some pressure this morning back a little higher yielding 0. 774 . Thanks, becky busy day ahead lets look at the squawk planner. A group of Oil Ministers are meeting today. Theyll be talking about the weakening demand and increased output by some members immediate action is expected on the economic front, fed chairman jay powell will be speaking at the International Monetary fund meeting at 8 00 eastern time then we have some earnings news. Ibm, the big name to watch its going to be reporting Quarterly Results after the bell of cou
Basement which i would have done anyway, and which i did. I have to tell you, i feel fantastic. I really feel good. Maria we will get into all of that coming up. First, the stage is set this week for judge Amy Coney Barretts hearing on capitol hill. Shell read her opening remarks later today. Senator Lindsey Graham telling me, laying it all out on the schedule and when he thinks shell become a Supreme Court justice. I believe she will be confirmed no later than tuesday, a week before the election. Thats my hope. Maria markets are fractionally lower this morning, its a mixed story. As you see, the dow industrials down 21, the nasdaq is up 111 and the s p higher by 8 andahalf. Investors preparing for a major week of earnings along with more talks on stimulus. Markets posted a gain of more than 3 last week. Take a look, we are lac lookingt momentum in stocks on the heels of a week that sent the nasdaq up 4 andahalf percent and s p 500 up almost 4 . Peter navarro here this morning, live at
Dow plunging 525 points. S p plummeting 2. 37 nasdaq nosediving 3. 02 . I got to tell you, i think this decline is healthy this market needed a beatdown if only a learning experience for people who thought it was too easy when the market is roaring, a lot of investors seem to forget the most fundamental rule, buy low, sell high they want to buy high and sell higher the problem with that strategy is when stocks go down, they go down hard. You tend to lose money faster than you make it rather than being panicked by the sell off you in a very proverse way should be cheering for it we needed this why . Because we needed to break the nasty pattern of 1999 to 2000 so many people refer to during the run the leaders never took a breather. They kept charging higher and higher until the market peaked when they collapsed. Millions of investors led to the slaughter house. I began to wonder we might be doomed to repeat the mistakes of the. Com era. The markets led by a hand full of Tech Companies b