A day. Yesterday that was a big head wind as the market did get up the s p just to the cusp of those old highs. We did it without the help of technology, of the big Growth Stocks everyone is talking about this rotation the nasdaq has had yet another of its fairly routine pullbacks so far it has bounced to maintain this up trend today yes, tesla helping it, but really it is the old favorites as well, just picking up the slack and the s p is right back to yesterdays afternoon highs before we had that shake out going into the close. Julia, david faber mentioning last hour the passing of Sumner Redstone, a legend in the content world. Coin that phrase content is king. Has a bit of feeling the end of an era, of course, he lived well into his 90s but what are your thoughts on what a figure like Sumner Redstone meant in his prime and who is defining this era right now. Well, certainly, jon. He was the ultimate media mobile of that raera. He was responsible for the consolidation of so much con
To watch closely as the succession happens, david . Yeah. Its not unexpected carl it was done in unexpected fashion given so many things that are different right now at t was having its annual meeting and doing it remotely, virtually, and mr. Stephenson announced it during the course of the annual meeting, that as you said, he will be stepping down at the end of june to be replaced by mr. Stankey as ceo mr. Stephenson will remain on as chairman of the company until january of next year stankey will become a member of the board of directors taking the role of ceo. He is president and coo he got that promotion back a number of months but questions in terms of whether he would get the top job and whether the board of directors would support him for that mr. Stephenson made it clear that he was going to leave the company as its leader most likely this year and obviously choosing to move forward with that, despite the Current Crisis his 13 years at the helm of the company, of course, have b
Before, and indeed is doing right now with the boston fed itself, running a special fund to back up money markets he says that regulatory changes will allow restructured loans from the banks can be brought to the Federal Reserve and be funded that way, and wont be frowned upon by supervisors, so kind of an encourage from the Bank Survivors to get to the to work with their customers and restructure loans. Finally, says its the need to support essential workers and its the best of times here for the public spirit here let me just talk about this rising unemployment rise dramatically were only looking for 0. 2 of an increase in the friday jobs report, but thats not going to pick up whatwear seeing in the more frequent data we had north of 3 million claims last week. Expectation for tomorrow is north of 3 million as well both of those together would raise the Unemployment Rate quite a bit by itself. So were looking beyond the data, tyler and kelly, because its not necessarily going to pick
worst global financial crisis since the great depression of the 1930s. and i certainly would not have predicted 45 years of higher education and government service nor the president of the united states asking me to be the united states ambassador to saudi arabia, responsible for our relations with a country that s a great strategic and economic importance and at the center of one of the most complex, embattled regions in the world. i also would not have predicted i would set out from new york to work on a master s degree at oklahoma state university. back in those days, most of us in new york thought the rocky mountains were in pennsylvania, didn t know what to expect here. guess who was my commencement speaker in 1974 when i finished that master s degree? richard nixon, president richard nixon. we held that ceremony here at osu and lewis field, and it was a warm day. the president did a good job. he really talked about the generational change that was about to happen. his l
american history tv, with programs that tell our nation s story. the civil war anniversary visiting battle fields and key events. american artifacts, during historic sites to see what they reveal about our past. bookshelf, the presidency looking at policies and legacies of our nation s commanders in chief. lectures with top college professors delving into the past. and real america government and educational films from the 1930s through the 1970s. cspan3 created by the cable tv industry and provided by your local provider. former president george w. bush addressed the graduating class at southern methodist university. 2015 is the university s anniversary. it opened 100 years ago. [ applause ] thank you all. thank you. [ applause ] thank you very much. president turner, thanks. members of board of trustees provost, faculty staff, distinguished guests, parents, most importantly the class of 2015. i thank you for your warm welcome. i appreciate the invitation to be with you.