Consumer statement is breaking right now. Let us get the details with mike mckee. Little bit better news. Consumer sentiment is up a little bit from last month. The preliminary michigan numbers come in at 72. 8. There was an expectation that it would slip given everything that has been going on. We have seen an increase in expectations and the current level. Is 80 2882. 5 and that 82. 8 and better than what was expected. Level rises, and it had sharply declined last month but people are feeling better about the economy right now. Sales . Hat about retail we are still spending a lot in certain areas especially on ecommerce. Guy nice shoes. Alix thank you, i am glad somebody notices. Compared to last month it does not look as good. Mike the numbers did not come in as expected, but the trend is dead, a slowing during the month of july of 1. 2 after an eight point 4 rise the month before. 1. 9 down,mber at the retail control group, 1. 4 after. If you look at the june numbers, and retail sa
Since the end of world war ii stop joining conversation by former defense secretary james mattis. For more Schedule Information at booktv. Org or consult your program guide. Including the evolution of everything and the rational opposite. This new book, primary focus of our conversation today, is the how Innovation Works. He has been a member of the house of lords. Good to chat with you today. Guest thanks, jim. Great to be with you. Host i noticed from doing events and podcasts, listeners love when i read so ill read a few sentences i cobbled together from your book, as a lead any question, i you rate. Innovation is the most important stat missed loose understood. The reason that most people today live lives of pros apart and wisdom compared with ancestor. Theres freedom to change, experiment, imagine, invest and fail. Liberals argued that since at least the 18th century that freedom needs prosperity but it would argue that they have never found the connection by which one causes the
Matt innovation is one of the least understood. Is the reason most people say, live in prosperity and wisdom. In the main ingredient in the secret sauce in these innovations is freedom. Freedom to exchange experiment in imagine invest in fail. Liberals have argued that from the 18th century that freedom means prosperity but i would argue if never found the neck mechanism to drive change in which one causes the other pretty innovation is that drug chain, the missing link. Innovation is a child of freedom and the parent of prosperity. Matt, you think you have written a contrarian book in 2020. There seems to be a growing belief. Living standards have been stagnant for decades, both only helps the elites rated and innovation comes from smart planners implementing industrial policy carefully chosen sectors. Matt this is a contrarian book. It is because i said that innovation is the product of free people exchanging ideas freely. And yes we are experiencing innovation although, i do argue f
Im just going to read a few sentences i cobbled together from your book. As i lead into my first question. You might in the book innovation is the most important fact of the modern world but one of the least well understood. It is the reason most people today live lives of prosperity and wisdom area and the main ingredient in the secret sauce and indeed innovation is freedom and freedom to exchange, experiments, imagine, investment fail. Liberals have argued since the 18th century that freedom needs prosperity but i would argue that they have never persuasively found a mechanism that drives change in which one causes the other. Innovation is that drives change, that missing link. Innovation is the child of freedom and apparent prosperity. Matt, do you think youve written a contrary and book your in 2020 because there seems to be a growing belief we havent innovated since the apollo space program. Living standards have been stagnant for decades and growth only help the elites, growth ki
All ahead for the session so far. Ten year note yield, crude oil, you ask, and we always like to answer as well, look at our ten year note yield, 1. 78. Lets get to our road map this morning, it starts with what you expect, the shopping surge, facing a condensed Holiday Season, retailers raking in a record 4. 4 billion online on thanksgiving day this is ahead of, of course, what is traditionally the busiest shopping day of the year, today. The final trading day of november and stocks pointing to a lower open on this holiday shortened session. Buffett thwarted, the oracle of omahas latest attempt to put his cash hoard to work, outed by by apollo global. We begin with retails busiest day. Courtney reagan is at the Woodbridge Center mall with what to expect this weekend as the Holiday Shopping season officially kicks off hey, court. Reporter good morning, happy thanksgiving to you, morgan. Here were starting to see the second wave of shoppers come out to the mall. They do those early door