I am pleased to welcome bill gates back to this table. Welcome. Bill thank you. Charlie here is what seems to me, with all of the concentration on the station, all of the great things that have taken place, two things come out of it. One is agriculture and your understanding of how crucial agriculture was and second is energy. So you pose this question. If you could have a superpower, what would it be . You could think about being able to defy gravity. Being able to see through walls. Anything. But you said what . Bill i said energy. Getting energy for everyone would transform their life as much as anything i can think of. The idea of flipping a light switch on or setting the temperature to hot or cold, if you went to somebody in africa who does not have energy and said that was possible, it would seem as bizarre as somebody flying or seeing through walls. It really is a kind of superpower. Americans have the equivalent of 200 humans pushing an axle on their behalf so their lights ligh
I am pleased to welcome bill gates back to this table. Welcome. Bill thank you. Charlie here is what seems to me, with all of the concentration on the station, all of the great things that have taken place, two things come out of it. One is agriculture and your understanding of how crucial agriculture was and second is energy. So you pose this question. If you could have a superpower, what would it be . You could think about being able to defy gravity. Being able to see through walls. Anything. But you said what . Bill i said energy. Getting energy for everyone would transform their life as much as anything i can think of. The idea of flipping a light switch on or setting the temperature to hot or cold, if you went to somebody in africa who does not have energy and said that was possible, it would seem as bizarre as somebody flying or seeing through walls. It really is a kind of superpower. Americans have the equivalent of 200 humans pushing an axle on their behalf so their lights ligh
I am pleased to welcome bill gates back to this table. Welcome. Bill thank you. Charlie ive read the shareholders letter which will aftereased tonight right this show. Here is what seems to me, with all of the concentration on the station, all of the great things that have taken place, two things come out of it. One is agriculture and your understanding of how crucial agriculture was and second is energy. So you pose this question. If you could have a superpower, what would it be . You could think about being able to defy gravity. Being able to see through walls. Anything. But you said what . Bill i said energy. Getting energy for everyone would transform their life as much as anything i can think of. The idea of flipping a light switch on or setting the temperature to hot or cold, if you went to somebody in africa who does not have energy and said that was possible, it would seem as bizarre as somebody flying or seeing through walls. It really is a kind of superpower. Americans have t
Take a look at the splash, there is positioning that is starting to take place in anticipation of what could be, maybe a fed Interest Rate increase. Hedging their bets tachlt a look at this one. The two year note yield for u. S. Treasuries, already over the korts of the past week, moving higher. It was near 80 basis points about a week ago. Now its up towards 90. Again, look in the grand scheme of the year to date period, eliminatively on a low basis here. One place where that battle, that hedging is starting to take place. That positioning. Also look at this. The dollar a big part of that story as well. Gold also playing into that. Again, 1275 a week ago her ounce. Now were around 1250. A 2 loss over the course of the past year. Gold has been a hot trade. Its still up. Up marketedly. So but some of the bets being paired back in anticipation of what could be a fed Interest Rate increase. Then one more place well look, one manufacture places well look, again, regional banks. Weve seen t
There. The cac in france down by close to 1 . In italy the ftse was down by 2. 19 . The dax is off by just ov over. 60 . Also, well check out crude oil prices today. Crude oil after a big rebound you can see is down by 1. 25 . Wti for july, that is a new contract, is now trading at 47. 81. Okay. We have a big top story to talk about this morning. A potential deal, jer m bayer o a deal valued at 62 billion to buy monsanto. Lets talk to bayers ceo about th this, werner baumann, your decision came about how . Monsanto received a private offer from us. It was out in the open and we want to explain to the public and to shareholders what the content of the offer is and why it is so attractive to shareholders. Should we be taking your public stance as one where there are private negotiations are taking place, or should we take you going public to educate the public on what is going on and to put pressure on monsanto . Well, we are early days at this point in time. And we have submitted our of