Seconds lobbyist man in the world, right . In the u. S. Today there are only 38 women serving as ceos of fortune 500 companies. One of those with the best track record is tricia griffin, the ceo of progressive insurance, one of the largest Automobile Insurance Companies in the u. S. She started off as a claim adjuster and worked her way to become the ceo. Than 175 . S up more my big mistake was i did not know her then, and did not buy the stock. If she goes anywhere else, i will buy that stock right away. Withhose not familiar progressive and probably if you watch television you would be familiar because you have a lot of television ads, i am curious, why is it Automobile Insurance Companies advertise a lot . I see your competitor advertising a lot. Will people be guided in their insurance decision by an advertisement . Tricia it is a very Competitive Industry which is odd, because it is something you are required to have. It is not like a different soft drink or beverage. It is so com
Were going to talk more about the tech sector. Is this a market moving event . We will get a take on whether the market should be paying attention to this. The banks are having a big day in europe. It is been a tough day. Barclays traders had a blockbuster Second Quarter. The lender is anticipating that the crisis gets worse. The ceo had this to say. Clearly there has been an extraordinary Economic Contraction globally. Particularly in the United States and in the u. K. A sizable reserve. The vast majority of that are derived by our risk models where we put economic forecasts into the models. Future unemployment rates, gdp rates etc. Those models produced impairment numbers. We think we have been conservative to build proper reserves. Economye how the particularly in the u. K. And u. S. Unfold in the next couple of quarters. We like the comfort of having strong impairment numbers. At the same time maintaining profitability for the bank. Youram looking at Investment Banking business. Fi
Moment or someone will be caught offguard. There will be several rounds of questioning after the Opening Statements. We have seen the testimony of all four of the ceos. There is a similar theme. These ceos are emphasizing that they are facing competition all all on all fronts. Tech is the most Competitive Industry in the world. In every facet of every business they run, they talk about how they face competition. Mark zuckerberg focuses on china saying that if there is too much regulation, that will give Chinese Companies an advantage. The ceo of alphabet talking nott how google does necessitate competition. Tim cook talking about the app store, the opportunity that it has given companies around the world and the fact that the vast majority of apps in the app store are free. Jeff bezos his testimony is different. He talks about a personal story. How his parents invested in amazon in the day. A truerican has american story. This is a first time we will see him testify before congress. He
And airports. This is an hour and a half. Welcome to todays hearing on support for healthy air travel. Air travel plays a Critical Role in business, commerce, education, travel, and tourism. We take for granted that we can travel great distances by air. That weredestinations once reserved for imagination. Air travel moved from our imagination to a real audi reality that has changed the way we with each other. Our dependence will only continue to grow. Global air travel will nearly double. As with many other industries, the pandemic has dramatically impacted commercial air travel. In the u. S. Alone, Passenger Air travel was down 96 . Worldwide, the air travel industry is projected to use more than lose more than three hunter billion dollars in operating revenues this year. Shiftpple effect of this goes well beyond the airline. Full recovery requires ensuring safety and reestablishing the confidence as we continue to face the risk of covid19. These are positive steps, but are they enoug
Welcome to todays hearing on support for healthy air travel. Air travel plays a Critical Role in business, commerce, education, travel, and tourism. We take for granted that we can travel great distances by air. That weredestinations once reserved for imagination. Air travel moved from our imagination to a real audi reality that has changed the way we with each other. Our dependence will only continue to grow. Global air travel will nearly double. As with many other industries, the pandemic has dramatically impacted commercial air travel. In the u. S. Alone, Passenger Air travel was down 96 . Worldwide, the air travel industry is projected to use more than lose more than three hunter billion dollars in operating revenues this year. Shiftpple effect of this goes well beyond the airline. Full recovery requires ensuring safety and reestablishing the confidence as we continue to face the risk of covid19. These are positive steps, but are they enough to ensure safety and reestablish trust .