Alley were seeing more push and pull this morning in this case the dow and the s p are green. Were getting decent bounces in names related to travel. Of course the covid cases out of florida at 11,000 plus is not good, but it has been off set by the data out of gilead lets talk about where were going in the coming weeks. You have been riding names like facebook and alphabet and is any of that betting tired the nasdaq 100 has bet the s p for ten straight months. At this point i think the s p this year is down 1 and the value index was down we started our careers at the same time. We saw the tech bubble we saw how bifurcated it can get. We saw how they still have value. Other companies doing exceptionally well it is not available compared to what we see in other sectors what is an example of that . Lets take leer if your family owned the business, you would say we made a billion and a half dollars a couple years ago and a few years from now we will again, but the market is offering to bu
Loneliness, isolation could be more widespread and a bigger problem. Kennedy is here to give us her take. All that and so much more on making money. Charles stocks at session highs. Well the week is off to a monster start. It began overnight with jay powell saying that the fed has no limits in his 60 minutes interview about the economy, economies around the world doing well, opening up, including italy which i think is very symbolic. Not only stocks on the move. There has been major breakout in the price of crude oil. Then came that real positive news. We know that hundreds of companies are racing for a covid vaccine. While moderna says its initial results from a phase one trial have been very good. In fact they said the vaccine candidate, quote, has the potential to prevent covid19. The market has erased all last weeks losses. The question, what should you be doing . I want to bring in jeff saut and gibbs welt management president and cio, erin gibbs. Erin, let me start with you. This
A time in the near future im saying 10 maybe 20 years where. Everything that we do pretty much will be done better by the robots and we will be jobless. No i dont think were anywhere close to that because theres you know different kinds of things the humans are good for different kinds of things that robots are good for and right now. For our lives weve been a good at making robots to you know sort of very clear. Clearly structured logical progression like you can have a robot do the same thing over and over and over again what they werent good at is doing things where you know the logical progression was super complicated or difficult to define and so now that we have Machine Learning were able to have them do those kinds of things but there are so many other things the robots arent going to do theyre still not creative at all yet theyre still not good at talking about creative taking care of humans talk about creating a lot of theater wrists and scientists that i spoke luke like your
Them do those kinds of things but there are so many other things the robots arent going to do theyre still not creative at all yet theyre still not good at talking about creative taking care of humans talking about creative lot of theater wrists and scientists that i spoke through like yourself are saying that robots wont ever be able to interface humans created jobs because they work requires unpredictable thinking inventing for mindsets one of the i. A. E. A. Be able to eventually produce creative stuff as well Artificial Intelligence can already write poetry its. Sure and so what what i think is important understand is that you know it would be a poor idea to say that theyll never be able to do anything in particular right we dont know what theyll eventually be able to do but what we can see is that theres things that they could do now its easy to extrapolate that they could do these kinds of things faster and better and cheaper but what is irresponsible i think is to make these log
Job better than im doing oh you might not get so lucky but you know a lot of jobs that robots are going to really take i mean thats pretty clear but its also been happening for your whole lifetime already so its not really new its just the robots are Getting Better at doing things that they werent able to do before weve been experiencing up for a century. So the core of the question is is there going to be a time in the near future im saying 10 maybe 20 years were. Everything that we do pretty much will be done better by the robots and we will be jobless. No i dont think were anywhere close to that because theres you know different kinds of things the humans are good for different kinds of things that robots are good for and right now. You know for our lives weve been a good at making robots do you know sort of very clear clearly structured logical progression like you can have a robot do the same thing over and over and over again what they werent good at is doing things where you kno