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we start off with autos. very bleak picture for auto sales in the month of may. numbers tanking across the board. gm and ford falling hard today. what are the dismal may numbers signaling? autos, trouble. autos have been a huge driver of gdp growth since 2009. cash for clunkers. then subprime loans exploding. now, mike jackson was on cnbc back in january. he s the ceo of auto nation, the largest car dealer. he said back in january that things were slowing down. what s interesting is the automakers, they increased production. so now we have an inventory problem. we have almost three times as many cars in inventory as are being sold. at that level, that s the last time we saw that level was back in 2008. and that generally signals the peak of an auto cycle. we talked about the peak, but as that comes down and you start to see ford and gm start to take some production offline, if this really is peak auto, that s going to start hitting unemployment, that s going to start ....
here s a rally that s not supposed to be happening. [ buzzer ] this one just wasn t in the cards. sure, tuesday s session, day one of a rally at the british-inspired brutal sell-off. that makes sense. weave ve just gotten through w two of the worst sessions. day two also seemed like an unusual but reasonable possibility, because we had a big takeover, surprises, rally in oil, but today? today when the dow gamed 235 points, and the nasdaq at 1.33%. this was outrageous in its audacity. so few people believed that it should be allowed to take place. it was a totally unexpected surprise. [cheers and applause] let me explain. go back to a week ago, today. we had just gotten pretty close to surety, surety that the remain camp was going to win, that there would be no brexit. that the european union would be preserved. and a house divided against itself was going to stand. and i remember boarding a plane back to new york from san francisco with my daughter, just before the fir ....
of drugs for severe illnesses and as a result of this work that i was doing on drug pricing in the united states looking at these issues, i eventually began to get more aware of the international discussions about the u.s. could do and what was happening in the countries in 1994, i was invited to argentina and brazil by people that have picked up my name as someone working on these issues and i really became aware for the first time the extent to which the united states and the state department and through the trade office and the whole apparatus of the foreign policy was putting pressure on the developing countries to extend and put in place monopolies on pharmaceutical drugs so wha a lf developing companies have excluded the pharmaceutical drugs from the patent system and you could buy drugs from argentina and others and at that point also from brazil and the u.s. was pushing all these countries to put those in place but also going way beyond that. and i remember when ....
during the second world war from one of the battle scenes this is a piece of propaganda. so much of this is quoted that include will be triumphant whatever the language is what we are interested in collecting and that is translated to the language that he needed to do that but there s one more item by reich to show you because it is so important it is my favorite item in the collection. of modest copy of his poems from the 19th century it is portable you can stick it in your pocket but what is important it is a the copy that wall with been kept in his pocket in this particular book which was expensive when purchased represents the direct connection between the renaissance lyric tradition in the poetry that witness and others were creating in the 19th century it is really one of the reasons why the two cultures are connecting an important reason why it is here in washington. we appreciate you sharing this with us. let s go to the theater. is this a public institution ....
folger shakespeare library. hello, and welcome to the wonder of will live. i m michael witmore, director of the folger shakespeare library, and today you are joining us on a very special day. we re broadcasting here from the historic pastor reading room where for the past 80 years scholars from around the globe have come to use the largest shakespeare collection in the world. .. joining on the live feed for making it possible for shakespeare fans to enjoy this special day. shakespeare s influence goes beyond the written word, your arrival was accompanied by the folger consort. if you are interested in their music you can find it on itunes and have a look at the wonder of will room that has been created by itunes. we collect shakespeare material for everyone who wants to celebrate. today we are here to celebrate the legacy of the world s greatest storyteller. what better way to do that than pay tribute with stories. i am willing to bet that every one ....