Against communist country that manipulate their currency. One in particular that steals hundreds of billions of dollars of u. S. Technology each year, and whose unfair trade practices have reduced u. S. Economic growth by trillions of dollars over the year. That editorial today claiming that Trump Administration trade policies would be to blame for any recession were it to occur. In what is now the most prosperous first two and a half years of any president ial term, ever. They done mention the fed didnt mention the fed as a likely cause of such an imagined recession or natural economic cycles or slowing of emerging market, and the clear erosion of socialist economies of the european union, no. It would be trump trade policies they maintained. So today well cheer the rally net stock market, and success of the his historic president of ours. We call todays nice 600 billion dollar rally the navarro rally. We have a name for the next recession, if the journal is ever successful, in conjur
Against communist country that manipulate their currency. One in particular that steals hundreds of billions of dollars of u. S. Technology each year, and whose unfair trade practices have reduced u. S. Economic growth by trillions of dollars over the year. That editorial today claiming that Trump Administration trade policies would be to blame for any recession were it to occur. In what is now the most prosperous first two and a half years of any president ial term, ever. They done mention the fed didnt mention the fed as a likely cause of such an imagined recession or natural economic cycles or slowing of emerging market, and the clear erosion of socialist economies of the european union, no. It would be trump trade policies they maintained. So today well cheer the rally net stock market, and success of the his historic president of ours. We call todays nice 600 billion dollar rally the navarro rally. We have a name for the next recession, if the journal is ever successful, in conjur
Germanys business conference figures that is a test below figures. Figures. H low a lot of numbers out there. The ecb is what people really want to know about. The treasuries edging higher. A surprise in ecb policy that will play out on eurodollar. Currently at 1. 1126. And the weakness of that economy. This ahead of later mario draghi. We will be seeing that press conference. Lets get to bloomberg first word news with viviana hurtado. Viviana Boris Johnson clearing out more than half of theresa mays top team. A stream ofidating brexit enthusiasts into his cabinet. Becomes l counselpecial u. S. Robert mueller largely disappointed democrats with his testimony yesterday. Some wanted him to read aloud potentially damaging parts that he declined. Trump. Resident Donald Mueller didnt offer any clues. Bernie made off asking trump to shorten his 150 year prison sentence. The 81yearold is hoping to finish his fight and freedom. Made off was jailed for running the biggest ponzi scheme in histor
As you mentioned, shares popped around 50 when compared to the socalled Reference Price of 26 a share. But no investigator actually made a quick oneday gain of 50 , as they might have in an initial public offering. In fact, the most any Public Market investor would have made buying and selling slacks shares yesterday is about a 9 return thats because the Reference Price is more of an arbitrary one set by the Financial Advisers in the nyse and a direct listing, so no shares were actually sold at that level. The shares opened at 378d 38. 5 rose as high as 42 and ended at 38. 62 to many, thats the beauty of the direct listing strategy versus the more traditional ipo. Theres no favoritism on the part of the underwriters and theres no money left on the table, because slack didnt raise capital in the first place. Overall, slacks debut was viewed largely as a success. And further evidence that the direct listing model works there were no crazy price swings Trading Volume was manageable, and t
Over much of the past three decades, i have been an investor. The highest calling of mankind i have often thought was private equity. And then i started interviewing. Ive learned from doing my interviews, how leaders make it to the top. I asked him how much he wanted, he said 250, i said fine, i did not negotiate with him, i did no due dilligence. David i have something id like to sell. You dont feel inadequate because you are only the second wealthiest man in the world, is that right . In recent years, one of the most powerful people in the financial and Technology World has been ruth porat. She served as chief Financial Officer of Morgan Stanley and then as chief Financial Officer for google and alphabet. She now serves as president and chief Investment Officer for alphabet. I sat down with her recently in davos to talk about what shes going to do in her new position and how she will invest more than 100 billion that alphabet now has. So, we are very pleased to have ruth porat here.