More African Americans involved in the republican party. So, im going to introduce to you guys your speaker, but my friend. Some of you have heard me ask this in the past. There are a lot of new folks here. How many of you all consider yourselves reasonable people . Most of you all. You all are the wrong people. [ laughter ] how many of you all are familiar with George Bernard shaw, the british play right . Yeah, i had breakfast with him this morning, and heres what he told me to tell you. To every man there comes a time in his life when he is figuratively tapped on the shoulder and offered the chance to do a great and mighty work, unique to him thats church hill. The reasonable man adapts himself to the world. The unreasonable man adapts the world to himself. Therefore, all progress is dependent upon the unreasonable man. Michael jordan was unreasonable enough to think that he could play in the nba even though he got cut from his high school team. Jesus christ was unreasonable enough
Reasonable people . Most of you all. You all are the wrong people. [ laughter ] how many of you are familiar with George Bernard shaw, the pl british playwright . I had breakfast with him this morning and hes what he told me to tell you. For every man there comes a time in his life when he is figure tiffly tapped on the shoulder and offered the chance to do great and mighty work unique to him. No, thats churchhill. The reasonable man adapts himself to the world. The unreasonable man adapts the world to himself. Therefore, all progress is dependent upon the unreasonable man. Michael jordan was unreasonable enough to think that he could play in the nba even though he got cut from his high school team. Jesus cries was unreasonable enough to think from him being lifted up all men could be forgiven for their sins. Barack obama was unreasonable enough to think he could do a good job for black folks but he failed. [ laughter ] donald trump and steve bannon are two of the most unreasonable peo
Year this all has been happening as treasury yields started to pick up yesterday that kicked off the concerns the twoyear treasury yesterday topping 2. 16 . That was the highest level since september 8, 2008. You can see the twoyear this morning, yields have come back down a bit 2. 108 the tenyear is where the focus was yesterday. The yield there nearing 2. 73 . That yield backed off a bit, too. We will see the last meeting of fed chair janet yellen today at the fomc nice stories about janet yellen today the finale here as jay powell gets ready to begin february 1st. Some big stories were watching this morning jpmorgan saying that jamie dimon will stay in his role for about five more years. That time frame could suggest hes not planning on running for Political Office which has been speculated about for some time we talked to him about that last week in davos on this show the bank is promoting daniel pinto and gordon smith to copresident s and coos pinto oversees Corporate Investment b
See. Workshop hathaway, Warren Buffett said he needs a quiet 2017. Betty it has been everything but quiet in the equity markets these days. Out, but it to close want to point to you a chart. G btv 9668, which is what we have seen for huge amounts of price swings in the equity market. If anybody doubted whether or not volatility was here to stay, just look at this chart here it it shows you the difference between the highs and lows on average on the s p fearing s p. Right, butett is 2018 is a totally different story. You just saw on the righthand side with how big those differences are in the highs and the lows. You can see that even on friday, the s p rising by 1. 6 . The dow swinging back with these huge gains 350 points. The nasdaq also rising by 2 . It will be interesting to see, with all the news coming up this week, what price action we will get starting monday in the u. S. Yvonne it seems like we bucked that trend selling on friday. The relief are a lot of equity traders. A lot o
Autonomous vehicle company. This hearing is just over two hours. At emerging innovations in Automotive Industry. This is about two hours. Good morning. One of the privileges of leading a committee with a jurisdiction as broad of that as the commerce committee, sometimes our work takes us off capitol hill and into the real world. In recent years we have held many. While we have not traveled quite herer today, what we are to discuss is no less important. Welcomethat will soon all people interested in the automobile. Generatesbile trillions of dollars, supporting 7 million jobs across all 50 states. This industry is not standing still. It is hard to believe, but the Auto Industry spends more on research than that airs aerospace industries. New technologies such as Automated Vehicles and new Business Models offering mobility as a service are poised to enable substantial growth. Key benefits include improved safety, new jobs, new transportation opportunities and reduced congestion. Automate