At 8 30 a. M. Eastern. Major retailer reportedly ready to file for bankruptcy. Commerce secretary wilbur ross will join me in 30minutes time. Markets look like this, fractional gain at the start of trading, dow industrials up 13 points and s p half a point and s p nasdaq up in 22. Dow trails finishing up 377 points, the nasdaq was up 32. Headed for third consecutive week of declines. Controversy is growing in general flynn case. Calling for fbi report that officials claim have vanished. Mornings with maria live. Global markets look higher across the board. Cac quarante is up 34 and dax index in germany up 179. Bank of england governor Andrew Bailey says negative rates are not being considered this following comment of jay powell this week and Germany Economy shrinking 2. 2 in the First Quarter. In asia markets were mixed. More signs of slowdown in china overnight. Retail sales there for the month of april were out, they were down 7 and a half percent. Then there was industrial output s
We just have taken whatever fever dream of a Technology People had in the 1960s and said right, were going to take that in our current pocket. Its never how technological change works. Very often its how we think about it. As we see our lives the way we behave, the way we interact with people at political institutions,our organizations , the office, we see that and we imagine what technology does is it just drops in and it replaces one little bit of what we do and nothing else changes. This is similar to theblade runner problem we have. You have artificial humans and yet people are still making calls from payphones. So we always or almost always adapt to take advantage of the new technology and the adaptation process is not always pleasant but it always happens. Its usually necessary and we prove to be very adaptable and contorting ourselves to make the Technology Work for us or being contorted because you work for an organization, you have to do what the boss of the Organization Says
Thank you for coming. That is the pink newspaper thats really good. I present bc radio. Ive done a show for the World Service ive made fifty inventions that shaped the modern economy. And how numbers lead us astray and sometimes help us to understand the world. I also have a podcast with a gentleman called michael lewis. Called Cautionary Tales its all about things going wrong sometimes and tragic ways and sometimes in amusing ways. In between all of that i try to write a few bucks. The second thing i want to say is thank you to the Rancho Mirage festival to jamie and the rest of the festival. A round of applause for jamie please. Jamie emailed me probably 18 months ago and suggested i fly across the world from Oxford England to come to Rancho Mirage. Its a huge journey for me. Thank you very much to all of you. I feel fortunate to be here. [applause]. I said i wasnt a fan of long preambles. Clearly im a total hypocrite. Let me talk about this book of mine. I dont if you can see the sl
I dont believe in long preambles but i feel that i should say a few words before i Start Talking about technology. The first thing is that i am well aware that many of you have no idea going on. So thank you for showing up out of the spirit of pure curiosity. Tim s speaks very well of you. I know those really big names. So i feel very honored to be here. So who am i. I write a column for the undercover columnist for the Financial Times. It is really good. I recommend it. Thank you sir. [laughter]. The second thing is that i do radio. Adagio for service they called 50 things that makes economy. And all about numbers and how we think about numbers and how number sometimes stray sometimes. It helps us understand the world. I also have a podcast with a gentleman called malcolm gladwell. Cautionary tales which is all about things going wrong and sometimes in tragic ways and sometimes in amusing ways. And what we can learn from them. So in between all of that, i write books. It took about wh
Start talking about technology. The first thing is im well aware that many of you have no idea who i am and so thank you for showing up out of the spirit appear to gossip. I think it speaks very well of you that i know theres some really, really big names at the festival and i feel very honored to be among them so thanks for coming. So who am i . A few things. I write a column called the undercover economist for the financial times. Thats the pink newspaper thats really good. I recommend it. Thank you, sir. The second thing is i present bbc radio. I present a show for the Bbc World Service called 50 things that made the modern economy. All about numbers and i would think about numbers and how numbers sometimes lead us astray and sometimes help us understand the world. I also have a podcast with a gentleman called Michael Lewis and them gentleman called Malcolm Gladwell called Cautionary Tales which is all about things going wrong come sometimes in tragic ways and sometimes in amusing w