Up pressure. A big thing the marked is watching into the weekend, stimulus negotiations in washington they appear to be stalled with no breakthrough yet. But that could change. We have 59 minutes left of trade. We do sara, as i know you were equally with me on this, we also happy birthday wishes to closing bell and power legend bill grijive who shargri griffith who shares our birthday and mrs. Carl quintanilla. It goes on and on this great seventh of august. Popular day great day it is because of them, not us. Coming up on todays show, tensions ramp up between the u. S. And china, well speak with i ian bremmer and why a worldwide depression is coming plus, the weeks storm driven Power Outages have been a major headache for people working at home. But they gave a boost to a generator company. Well speak with the companys ceo in a few minutes lets focus on the big stories that were walking mike santoli is tracking a volatile market session. We have the latest developments on the stimulus
I dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even though i have a day job running a private equity firm. How do you define leadership . What is it that makes somebody tick . Let me go back to the beginning of golf. Im not a golfer. I took it up when i was nine. I quit when i was 10. Jack im not one anymore either. David you are pretty famous in golf. It was too frustrating. Why is it that so many people are addicted to something that is so humiliating and frustrating . The ball never goes where its supposed to go. Why are people so addicted to it . Jack thats a pretty good question. Pursuit ofrending an unattainable goal. David right. Jack you could trial your want try all you want. Nobody has ever mastered the game. Its difficult. Its challenging. It challenges ul whatever level you play. Thats why i enjoyed it. No matter how good i got, i can always be better. David you played many differ
David i dont consider myself a journalist. Nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even though i have a day job running a private equity firm. How do you define leadership . What is it that makes somebody tick . You have a new book called the moment of lift. What does that refer to . The phrase, lift . Melinda i grew up in a family in dallas, texas and my dad was an apollo engineer on the apollo missions. It is when we would watch that rocket launching, the earth would be shaking, it pushed against the forces of gravity and went to the moon. To me, that is the same thing i have seen with 20 years of work to the foundation for women. If we can lift up all women, we will change the world, but there are a lot of forces pushing women down. David it is the largest foundation in the world. It has assets of how much . Melinda about 50 billion. David you created the foundation from the wealth created from microsoft, and then one day,
The job state was disappointing. The job data was disappointing. Pmi came out and of was not great and it was not great. The u. S. Economy is showing signs of fatigue. An economic slowdown. Trailing data is ok. Growth in the states is strong. You have other indicators of people being nervous about trade. A lates difficult in cycle. You are very late cycle. I think we are close to the end and people have recognized. Jonathan joining me around the table. Us into have you with studio. The trailing data is ok. What does the outlook look like from your perspective . The trailing data is ok, possibly more than ok depending on what you focus on. The market in general focuses on the negative. I do not see as many headlines that we have had some of the best Mortgage Application numbers recently. Every time we get a slightly weaker avp number, at a time when we get a 50 year low in terms of unemployment, et cetera, the fact that there is a sentiment out there that persists around the fed cutting
And from cows to coding. We meet the woman with a remarkable career that began on a farm in rural illinois and has taken her all the way to the shining lights of silicon valley. And with polls now open in the uk General Election, we promise a politics free programme. So let us know what you make of the stories were covering today. Get in touch in the usual way. Use the hashtag bbcbizlive. Hello and welcome to Business Live. When we say politics free, we do refer to the uk election and not the politicking going on at the moment in the middle east. We start in the gulf state of qatar, where concerns are growing about the economic fallout after neighbouring arab states cut off diplomatic and trade ties over its alleged support of terrorist groups, something doha denies. Late wednesday, top Credit Rating Agency Standard and poors cut qatars Credit Rating, with a warning it could be cut further still. Its stock market is down almost 10 in the last three days, and its currency is at an 11 ye