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Expects a renewed down turn. And with the big swings in the market, weve seen the vix, the volatility fear gauge above 53 59 minutes left in another volatile week. We have great guests david giroux from t. Rowe price. And shares of wind ham hotels Geoff Ballotti will join us. Lets get to the market now and another up and down session for stocks after yesterdays massive drop mike, you may be coanchoring to day. Youre not off the hook. We need your charts and your dash boards. Walk us through the action what happened . I wouldnt have it any other way, of course heres a one year, the s p 500, that selloff yesterday was a little bit destabilizing, it seems for the tape it didnt punk tour the air that this rally is inpenetratable it did hold today. Back down around the 3,000 mark. Theyre fighting it around that level. I did highlight this zone in here a lot of this area is still in normal pullback zone the rhythms of the market seem li ....
Problems that havent yet been solved. So thats what i call the perfect problem because that, in fact, is the focus of what i think entrepreneurship is. In other words, you are looking for a way to solve a problem that is solvable but hasnt been done. You had to do something you and you dont get to copy. And so we were then taken around for ideas and you do not have an idea and i didnt have an idea so we started looking for problems that we can solve and came up with the problem of how they got paid. When did you come to that conclusion, you talk in the book about your work, tummy about that moment that payments were a problem for small merchants. It was funny because as i said jack had been kicked out of twitter and my first reaction to that was jack was like a little brother to me, somebody felt like i needed to stand up for and what they did to him at twitter the first time was completely bile. So my first suggestion was lets go to S ....
They showed him the door. We decided we would start a company together. Host when did you come to that conclusion . You talk about your work as a glassblower. When did you realize payments were a problem he had just been kicked out of or its somebody i needed to standm in better the first time, so my first suggestion was lets go to San Francisco and get even. It was like spike motivated. But jack to his credit said why dont we do something more positive and start a new company so that was the impetus and then we were looking for a problem and the only thing we determined was our company was going to be sort of focused on ive got my phone here, ive got to use it as a prop. These things. Are we going to focus on these things because the iphone had just come out and we knew it was going to b be entertained. We hired an engineer from apple and that gave us two weeks to figure out what we were going to do. We were stretching for ideas a ....
In your book new innovation you tell the story about gas blower to team up with the founder of twitter to build a multibillion dollar payment company. In the book you talk about perfect problem so when did you realize these were a perfect problem . Its funny. I needed a way to delineate problems and if you think about the worlds problems you have the ones that are solved it can come to fruition but somebody already figured it out. So we just dont have the way to do it. That Stimulus Group in the middle to solve the problems that have not yet been solved. That is the focus. So in other words you are looking for a way to solve a problem that has not been done so you have to do something new. You dont get to copy. So jack dorsey and i come i hired him when he was 16 a High School Student to help me with a company that i still have. I dont run any of my companies. They manag ....
Surgical masks and gloves. We initiate ad air bridge that the president announced yesterday. Flights arrived in new york. One arrived in illinois yesterday and a flight will arrive in ohio in the next 24 hours. Fema is literally working and contracting around the world with now more than 51 flights that well be bringing vital medical supplies. On the subject of ventilators, fema is currently delivering 400 ventilators to michigan, 300 to new jersey, 150 to louisiana, 50 ventilators to connecticut and in the last week and in the week ahead more than 450 ventilators to illinois. This is in addition to more than 4400 ventilators that the president and fema directed to the state of new york. We just want people that are working on the front lines that the president just spoke about, dr. Birx and dr. Fauci spoke about, we want you to know help is on the way and at the president s direction well leave no stone unturned anywhere in america or anywhere in the world to make sure that you have t ....