Can died here and we stocks. Famas relationship now extends five decades and led the beginning of difficult men shonal and Institutional Fund manager. They are coming out with a landmark paper and brand new stuff. The two recently sat down at the university of Chicago School of business. Widearranging conversations on a very special masters in business. During your last year at tufts you worked nor a professor who ran a stock market Forecasting Service and you did research for him, what sort of work did you do with this dock Forecasting Research . To beat the market. How did that work out . That worked out fine. [indiscernible]. That was a lesson how did that research into forecasting the stock Market Impact your thinking about whether or not the market could be beat . , i came here to Chicago Research indiscernible] put in context, it started because of computers. Before 1960s, we didnt have a computer to do data analysis. And statisticians had a new toy to play with and stock prices
Trading day. Former dallas fed advisor Danielle Dimartino booth and alan knuchman out in chicago. Quick word on hong kong. That has been developing throughout the morning, night there, then well talk about the markets. Those are violent scenes we have on our screen danielle. This has been going on, going on for six months. I was there at the very beginning of the protest movement. The protesters with the goal to have the extradition bill delayed and taken off the table all together, had some success. But they have continued. The Police Continue to fight back. You wonder how it all ends. What do you think . You do. People should try to recall on per capita basis hong kong has some of the highest income in the world. It also is the conduit. It is the way that china access es the world financial markets. The fact it is in recession cannot be overlooked. This is something that is clearly not dissipating. It is not going away. I think a lot of people thought by now we would have seen this c
Palatine losing 9 today. Dominos is down 3. 3 . Is that the one where the guy ate like 40 pieces in 30 days . Joe that is the other one. Romaine lets dive deeper into the action. Mike the vix has clearly shot up a little bit below 12 before thanksgiving. Today, up to about 16. Any time it has risen this year, it has been sort of corresponding trade tensions ratcheting up. What is interesting is that moves in the fed have often echoed by risk reversals in the korean won. Volatility between puts and calls on that currency. This week is different in that the risk reversals have not really errored the move higher. You can see, the white is the vix. They risk reversals are the ones not really moving in lockstep. This was pointed out by a volatility specialist his interpretation is basically that this suggests that the pivot is increasingly moving to the u. S. Side of the trade war. Abigail we are just two days into the month of december on a trading basis and we are already looking at two d
end up with a new kachb date? let s bring in one of the 20 rebellious republicans, chip roy of texas, a member of the house freedom caucus nominated jim jordan for the speaker ership the third ballot. congressman roy, thanks for joining us. you ve been vocal about the opposition to mccarthy to be speaker and nominated jim jordan this time round and voted for biron donaldson. you seem different from some of your rebels, though, that you seem actually focussed on a set of pri of principles and rule sets. do you agree with that assessment or no? first of all, thanks for having me on. that s close to correct. i would take some issue with saying that i ve been in constant opposition to mccarthy as much as trying to offer changes that i think are p paramount to make the housework again. that s a bipartisan criticism. we haven t had an open debate since 2016. we can t keep spending money we don t have and allow the border to be wide open and endanger people and keep business as us
Investment. Notable. Simone and michael, my friends. Thank you both for staying up late with me. We are going to be back here. Literally right here on msnbc tomorrow morning at 8 00 a. M. Eastern for the weekend. Were going to be interviewing georgia senator warnock. Be sure to tune in for that. Chris hayes will be back here on all in next week. Alice wagner tonight starts right now. Alex, last night you asked me if you could play the role of simone sanders. I came up with the right retort. That is like asking if you can be diana ross. You can ask to be a supreme, but you cant ask to be diana. Weve got diana in the studio. She cant see you. I mean i am just a hanger on. Im just following the Band Selling Cheese sandwiches out of the back of my volvo looking for a miracle. Just trying to be part of the magic. That is all im doing. I know what that is like. We love you. Thank you, alex. Have a great night. I miss you guys. Have a great weekend. Oh, what a week. I think if there is one vi