One of the great men of American Business will join us following the nfl teams first time back oen field without fans but players bringing attention to social justice around the country. Power lunch starts right now guess were together but separate, once again welcome to power lunch. Billions of dollars of deals on wall street today. For 20 billion, gilead adding to its cancer fighting portfolio. Its basically doubled next up for 40 billion, the biggest chip deal ever, nvidia buying arm holdings which designs chips. Up 8 and finally not quite a deal yet oracle betting to be Technical Partner in the u. S. September 20th deadline. Oracle shares up 5 on the news. Well have all of this back over to you all those big deals on wall street helping the comeback rally in stocks. After two down weeks in a row. We havent seen that in a long time jim paulson joins us now is your time to buy the dip. Welcome. Good to see you. You see the marriage between wall street and main street looks as strong
Dow down about 30 points though fractional moves if you look at whats working in the trade, its not your Traditional Technology and consumer names its utilities, health care and materials. What is netflix big miss for the growth trade is this a warning shot of beloved technology darling getting too high expectation it might be tactically on the short term but i dont think long term. For you to see a true rotation out of growth into value, you actually need to see Economic Growth and acceleration and a little bit of inflation. While we are seeing improvement in growth, we still have a long way to go. Were definitely seeing the better growth. Look at retail sales, Industrial Production this week every week were Getting Better data whether it lasts or not because of the closure is a big question mark. We are seeing better growth. What we dont have is inflation. Thats what value needs to out perform growth for the time being, i think youll continue to see growth in value as i mentioned, ta
Report, and the jobs data tomorrow. Without a doubt, to of the greatest mysteries we have seen since february. We cant emphasize enough the imports of this claims data. Jonathan we really hope we see an improvement after things went the other way last week. Later tomorrow, we get the payrolls report. Unpredictable. That is the word you would here again and again. Tom lisa, i am going to go back to your bond work for years. Theres a point always where you switch from yield dynamics and analysis to a price study, and it really is beginning to feel to me right now that all the media and the experts in the pundits are beginning to look at price, not yield of bonds. Lisa i think you underscored one of the most important questions in the bond market this week when you asked, is it the real economy driving yields solo or is it the Federal Reserve . I think that is a key question Going Forward as we see the recovery stall out. Can yields go lower not because of the fed promising to buy bonds,
Council or Foreign Relations since 2003. Today were here convenes to listen to Richard Haass the prolific author and academic who just came out with yet another book entitled not very ambushesly as he said, slightly ambushesly the world, a brief history in 300 pages. He calls it a little bit of a departure from his previous books. I want to start because it was only after you turned in the manuscript that the world was confront by the covid19 pandemic, and in the roughly two months since that happened, this crisis has highlighted so many of the themes and concepts you tackle in the book. So i wanted to just ask you outright, what does the pandemic tell us about the world right now . Well, thank you, juju, thank you for doing this. Thanks always to everybody on the call. Hope everybody is well and safe as we all get through this one day at a time or as ive said, one groundhog day at a time. What i think the pandemic tells us first and for most is that the world matters. Thats perhaps an
Frequent morning joe contributor and our fearless leader, president of the nonpartisan council on Foreign Relations in 2003 but today we are here to listen to Richard Haass the prolific author and academic who had come out with another book entitled not very ambitiously, slightly ambitiously the world a brief introduction, in about 300 pages. He calls it a departure from his previous books. I want to start because it was only after you turned in the manuscript that the world was confronted by the covid19 pandemic and in the two months since that happened this crisis has highlighted so many of the themes and concepts you tackle in the book so i want to ask outright what does the pandemic tell us about the world right now . Guest thank you for doing this and thanks to everyone on this call. I hope everybody is well and safe as we all get through this one day at a time, one groundhog day at a time. But i think the pandemic tells us first and foremost that the world matters. A member of th