Eileen McDonnell, the Chairman & CEO of Penn Mutual Life Insurance Company, discusses her Irish heritage, breaking the glass ceiling, and the way forward.
When parents tell their children that they can do anything, it’s all too often taken with too many grains of salt. But Eileen McDonnell believed her parents. She had no reason not to. And it served her well. When she was applying for a vice president job, a position held by no other women in the company, she brushed off people citing her gender as a reason she wouldn’t get it, telling them that it was irrelevant. They may as well have been saying she was unqualified because she had had chicken for dinner the night before. She knew she could do the job, and that was the only qualification that mattered.
range of 1,200 points, changing direction 29 times before closing up 567 points. a huge gain of 2.3%. the s&p 500 also up almost 2%. the nasdaq higher. the sell-off was sparked by a few things rumblings in the bond market, concerns about wage inflation, whether the interest rate will rise. but as stocks turned volatile, the cheerleader-in-chief, president trump, has kept quiet. testifying on capitol hill yesterday, the treasury secretary steve mnuchin said the economic fundamentals in the u.s. are quite strong. he was asked if the trump administration would accept blame for the recent stock market drop. i think we ll still claim credit for the fact that it s up over 30% since the election. he says he believes long term in the impact of the stock market. he s referring to the dow. up 35% since the election. a quarter of that trump rally wiped away. the volatility is back. the bottom line
market and corporate profits. a surge in apple stock carried the dow past did past 22,000 yesterday. and the so-called trump bump is the tail end of an eight-year bull market. the dow up 21% since the election, but it s risen 236% since its 2009 low. all about the facts. indeed. the russian government now speaking out about the sanctions bill signed by congress, by president trump. russia s prime minister slamming the bill and saying president trump has been humiliated. we ll go live to moscow next. pain used to shut me down during pick-up games. but with odor free blue-emu continuous pain relief spray, i can box out any muscle or joint pain immediately. blue-emu continuous pain relief spray. it works fast and you won t stink.
lots to talk about. we ll bring you back in 20 minutes. see you then. the dow s latest milestone getting a shout out from the markets cheerleader-in-chief, president trump. take a listen. the stork hit stock market hit an all-time record high today, over 22,000. we ve picked up substantially now more than $4 trillion until net worth in terms of our company, stocks, our companies. candidate trump called stocks an ugly bubble. president trump sounding very different. he s citing record highs as a sign of confidence in his policies. this is the dow s third milestone since he took office. enthusiasm for things like tax reform did prompt the initial rally. as we see the agenda stall, wall street s focusing on the economy and corporate earnings. stocks are thriving under this goldilocks fundamentals that are just right including moderate growth and improving labor
investigation into chinese trade practices. schumer counters their plan is about action, not investigation. this is the second phase of the democrats new economic platform which they call a better deal. aims to appeal to the blue-dollar workers that help blue-collar workers that helped president trump into office. you see the democrats try to i think they wanted a mulligan on their first unveiling of better deal. like how trump plays golf, they duffed the first one and dropped the second ball, pretending that first shot never happened. i love your sports analogies. keep it going, dave. all right. ahead, the russian government speaking out about the sanctions bill signed by president trump. russia s prime minister slamming the bill and saying president trump has been humiliated. live to oren liebermann in moscow next. done.rs. super-cool notebooks. done. that s mom taking care of business. but who takes care of mom? office depot/office max. this week, filler paper just on