And that difference results in improved safety, than brilliant, brilliant. And i guess the question is, is this just another Pr Spin from the corporate heart of meta 7 or is this the first glitter of a glimpse of corporate culture where they are thinking about safety and improving their Safety Practices in a way that they always should have been . Zvika krieger, was the first ever director of responsible innovation at meta facebook. Who of course own instagram. Welcome to the programme. Social media companies are always tweaking their offer. Is this significantly different, do you think . I this significantly different, do you think . This significantly different, do you think . I would say this is certainly do you think . I would say this is certainly a do you think . I would say this is certainly a step do you think . I would say this is certainly a step in do you think . I would say this is certainly a step in the is certainly a step in the right direction and i think we are going t
That are being organized on facebook and read it buying the stock, bidding it up, causing those institutions to lose money here. Talking to the tune of billions of dollars over the past week or so for the sec, Securities Exchange commission is watching this and a sec regulator told me you might be hard for them to find a violation. Listen. I think when it comes to regulating the speech or regulating content, thats a huge challenge and certainly from a securities regulation perspective. I dont think the sec can regulate speech which everyone has the right to regulate in the sense charging a crime for doing it. What has lawmakers concerned is that robin hood is billed as a free Trading Platform had actually stopped or halted trades on gamestop and some of these others that were shorted which allowed the institutions to make back some of their money in those shorts yesterday. If robin hood said it needed the pause to collect collateral for its clearing house. They raised A Billion Dollars
Blib rated and driving you bonkers. Ive been telling you to keep your money in a barbell. Tech plays soaring and some recovery stocks that rally when we feel more come nfident abouth future today the covid winners got hammered but the recovery stocks roared transports, travel, leisure, aerospace, retail dow surging 358 points and s p advancing what a streak. The tech heavy nasdaq losing. 39 . If you own none of these winners, you had a miserable day. If you follow my barbell advice you offset losses with good gains from the most beaten down parts of the market. Why is this so important why does it matter you protect your portfolio from a group that made you a ton of money . You need to understand something about portfolio management, a skill i spent 40 years learning i try to teach every day think of this show as a continuing Education Course for both of us for years some of the smartest people are preaching the same gospel its a fools game and impossible to consistently beat the marke
Michele. This is one of the most difficult things to accept, that this market does not have to reflect what is going on in this economy. Can you speak to that . Bob i can speak to that because im in the bond market and it is reflecting perfectly what is going on. We just printed 33 gdp. There is a giant hole that we think will take 10 years to fill the output gap that has been created. The fed is telling us for a long period of time they will keep rates at zero because they have to bring the cost of funding down across the system so that any kind of recovery takes hold. Slowly, Bond Investors are recognizing that, and that has emboldened them to move further up the curve both in terms of duration and lower in credit quality. Jonathan we have had conversations about market distortions. The equity market, Big Tech Companies dominating the benchmarks in the u. S. What is the cleanest trade in fixed income to play an economy that would take 10 years to fully recover . Bob there are two cle
But i the gdp data out think out of the United States, it continues to tick a little higher, may be the speed on this recovery we have seen in the last few months, what will we talk about later in the hour . Airbus cut jobs pretty hard. I spoke to the companys ceo. Balance how to put the business in a position where it can recover. It difficult balancing act. A lot of Industrial Companies are going through it now. A great point in terms of all of the pipelines. Economic data in the u. S. Is painting a picture of jobless claims rising, secondquarter downturn,s sharpest and now, hsbc global chief economist. With the pair the data stalled stimulus talks in the u. S. If you had a Third Quarter or Fourth Quarter gdp production years ago, what is it now . Certainly, better revisions selecting the contraction in the q2 figures, but also less than the second half of the year. As you point out, that will be influenced by what happens from the next round of fiscal stimulus, assuming we get one i