Moving news from all around the world. Joining us from riyadh is yousef gamal eldin. Ivan levinsohn joins us from tel aviv. Oliver cook sorrow oliver is in munich. Buts start with study ready with saudi arabia. Finance with the saudi minister and asked if the recent attack had an impact on saudis numbers. Heres what he had to say. It will be a couple of days before we are back online. Alix yousef joins me now. Tell me about what you learned, and what we can expect Going Forward. The idea being that a lot of the output is being recovered is one thing, but youve got the political developments, which are what investors are going to be zeroing in on in riyadh and far beyond saudis border. The Saudi Crown Prince has been speaking with the french president , the south korean president , and deliberations are underway between the u. S. Secretary of state and the saudi authorities, as well as the united arab emirates. That thereng here is has to be a response what happened with the saudi aramc
I want to start off by sort of taking the temperature here. I want you to listen to what the former twitter ceo had to say. Frothy. Word association. Late stage private valuations are quite high. Its just too crazy right now. Its got all the sort of hall marks of that 20002001 where you are like this is getting it feels like that with just the prices youre seeing being paid for things that dont even feel like they are really working at scale yet. Those were interesting comments yesterday. Do you dproagree . Its a good place to start to not disagree with dick when it comes to perspective on Silicon Valley. However, i would say comparing it to 2000 and 2001, we are under two on the ten year. Multiples are an inverse of that. I look at it. Our Gross Software index is off 30 from the highs. Certainly, we can point to examples. Were going to talk about them today of late stage private valuations that are high. We have a tremendous amount of capital. But i would say as a general matter, i do
In europe, the dax up 1. 5 the cac up 1. 4 . Ibex up by more than 1 . Looking at the treasury yields the tenyear yield cracking 1. 7. Went out on the day at about 1. 71 the tenyear yield now at 1. 675 tom and i were chatting about a blog post from pimco saying u. S. Nominal yields could go negative dont blame the Central Banks, there are also Secular Forces at play that could bring down u. S. Rates. I think thats what happened overnight. It caught a bid because of that blog post. Thats a big story with pimco, the Largest Bond Fund manager in the world saying rates could go negative, rates could go negative. 1. 67 on the tenyear yield. Disney shares are under pressure this morning. The company reporting earnings of 1. 35 a share, missing analyst estimates by 40 cents. Revenue coming in short of forecast disney blaming costs related to the creation of its new streaming service, which we knew would cost something and the integration of foxs entertainment assets which it bought for 71 bill
And their currency is under siege. Our problem is a Federal Reserve too proud to admit their mistake of acting too fast and tightening too much and that i was right. They must cut rates bigger and faster and stop the ridiculous quantitative tightening now. Which gets us to the markets this morning, jim. We have been talking about negative rates, they only continued to worsen. It is a strange phenomenon to be sure but it is also a worrisome cycle people believe because you have negative rates that auger for weaker Economic Growth or a lack of growth you have what are it becomes selfreinforcing you have the global coordinated monetary easing going on right now. And you have the first time people talk you about the possibility of rates here falling dramatically from where they are now have you ever seen a ten year whipsawed as much in yield in the half hour period as we did this morning almost as if someone wants to get ahead of even lower yields there is a big short position in bonds. Th
Demographic change with a focus on the population who is aging is also the author of the super 8, how longer life spans are changing every thing we know about work life and learning. And david, also co founder and managing partner of economy for where he led to Business Development in asia and europe, and served at the a rp, the World Largest organization, dedicated to improving the lives of owner people. Were here with that actually the director of Global Partnership and engagement. Welcome, brad. The quite the resume that makes you an expert in this area. So i want to start off. Do you see a difference in what it, what has impacted major and Global Demographic shift from the past and what were seeing today. This is the 1st time in history. Were populations are aging as fast as they are. In fact, in many countries now, one and 5 people is over the age of 65. But aging is just the prelude to population contraction. It is actually happening in the number of the worlds biggest economies,