Steve told the story of going from a glass blower in st. Louis teaming of the founder of twitter to build a multibillion payment company. In the book you talk about a lot about perfect problems. When did you realize that Small Business payments were a you are going to have to do something new and you cannot copy. I hired jack when he was 15, he was a High School Student came into work at a company that i actually still have. I dont run any of my companies but it also dont sell them. This ones been around for 30 years. He goes off to college, we kept in touch. And then he had kicked out of twitter, the first time,. [laughter] they showed him the door and he came back to st. Louis and he came back we were hanging out and talking and decided to start a company together. We are then kicking around ideas he didnt have an idea and i didnt have an idea suisse are looking for problems we could solve. And came up with the problem. When did you come to that conclusion you talk in the book about
They come. Checking out the 10year, weve been around the same level yesterday we were at 0. 75 this morning, it looks like the 10year is yielding. 69 saying the Global Oil Demand will fall by 9. 3 billion a day erasing almost a decade of growth down about 2. 25 baushing it back to 19. 65 a barrel dr. Scott gottlieb, chairman of cbs health, fanatics executive chair. Chief Investment Officer and more coming up in the next three hours. Joe . Becky, you remember United Health care is a dow component we always say, thats right. Thats right you notice the dow is down around 370 or so maybe repairing partly due to United Health care the Company Reported an adjusted 3. 72 for the First Quarter. Nine cents above estimates the company said it is keeping its prior 2020 full year guidance said it would continue to evaluate the ongoing impact. You can see up about five points or so. Ee quaids to the improvements we see. Well hear from bank america and other companies. We are in earnings season now.
370 but did end the day lower. It was the first down day we have seen in five trading sessions well watch what happens today we have a fed meeting coming up. That will be the pla is to watch as we hear from the fomc later today. The 10year just below. 6 a month. This has been the best month for the dow in 18 years because we are coming off of march because that was the worst year for the dow in 22 years. You see these huge swings first down and then up what we are watching in the equity markets the one thing about 10 crude, every dollar it goes up, we could go back to 30 every day. Lets use the dollar every day that might not happen. Equities do seem to do better. Thats a lot of room to go. Maybe. But sooner or later, thats not good either. The move came after data from the American Petroleum institute. Showing that crude jumped. That was 600,000 barrels less than expected. We saw some wild swings yesterday all around these low levels 10, 11 14 today, as you can see market stocks gave
It is my pleasure with an allstar cast with amazing brainpower and authors in the world so on behalf of the Atlantic Council and our host it is my honor and privilege to welcome you to this global event celebrating the highly revised paperback which means if you got the hardback by this one too because it has been changed and with jamie metzl incredible highly acclaimed bestselling book and genetic engineering and the future of humanity. And some bad wine perhaps. But now we can eat your favorite food. And your beverage of choice. This is a lot better and by the way this is also carried by cspan. So welcome everybody from cspan as well. And as cosponsors of this great event, this is a time where things could be shaped. We at the Atlantic Council are focused and in the four weeks of total work that is not social justice its geographic. We have galvanize the community to create more social interaction and closeness even at this geographic distance because we are galvanize by her time the
I recommend every one have a look at it over the next couple of weeks. Among other things, a distinguished economic historian who put this horrible event that we are experiencing right now to give us a sense today about what will determine how deep this recession will be, perhaps how long it will last and perhaps what is likely to come and whether the covid19 recession will leave longlasting scars in the global economy. I will turn this right over for penns remarks after which david will pose some questions and then there will be instructions on how the audience members can ask their own questions. Over to you and thank you for doing this. Thank you everyone for joining us this afternoon. In january and february we had a Strong Economy that has happened is the world has been hit by the covid19 virus and exalted is doing great damage but from the economic perspective, the fact that on the essential businesses are being shut down its having an enormous effect on economic activity. People