You are probably the busiest person on the planet. I just wanted to say what an honor it is for us. Secretary esper has been secretary of defense for the past year. He was previously secretary of the army and a very distinguished record of Public Service having served active duty after graduation from west point 10 years and then the reserve for 11 years. We are looking forward to a good conversation. I think you have met the moderator before. He is a mutual friend, dave mccormick, the ceo of bridgewater associates. He also has a distinguished career as undersecretary secretary of the treasury and undersecretary of commerce. Dave and i worked together in the george w. Bush administration in those roles. Dave is also a graduate of west point. Nothing euro secretary esper, but they were at west point at the same point. Dave, i will turn this over to you. Thank you, nick. Secretary esper, thank you for joining us today. It is great to see you. Nick forgot to mention you were born and grew
Or this person is jewish. Thats what i was trying to explain. Rabbi after that she went onto apologize the next day on the view. Im sure that she isnt the only person in america who thinks that. What do you want people to understand about race . I think they have to know the holocaust was about race. The nazis considered all of us to be subhuman, to be inferior. They could demonize us and destroy it. The people who marched in charlotteville said it was about race. They are referring to a jewish race. I think we have to be very, very conscience of this Racism Factor and not minimize it as something thats visual. Thats why theres this great need for really education awareness. We have to have people who understand the depth of the horror of the holocaust because it spills over into other areas. Yes yes, its about racism. Its about destruction. I think you make an excellent point. When we pair this story with the overlaps of the book mouse being pulled out of School Districts or library i
or this person is jewish. that s what i was trying to explain. rabbi after that she went onto apologize the next day on the view. i m sure that she isn t the only person in america who thinks that. what do you want people to understand about race? i think they have to know the holocaust was about race. the nazis considered all of us to be subhuman, to be inferior. they could demonize us and destroy it. the people who marched in charlotteville said it was about race. they are referring to a jewish race. i think we have to be very, very conscience of this racism factor and not minimize it as something that s visual. that s why there s this great need for really education awareness. we have to have people who understand the depth of the horror of the holocaust because it spills over into other areas. yes yes, it s about racism. it s about destruction. i think you make an excellent point. when we pair this story with the overlaps of the book mouse being pulled out of school
is this about the treasury market? it s a little bit about everything. i mean volatility is bark. we ve seen that since late last week into this beak. it has been a most wild ride yesterday and the day before. the biggest number one and two point swings ever in history. so the volatility in equities is back. some has a correlation to what we ve seen in treasury yields. we ve saw them pull back a couple days today, moving higher. we had the budget approval. that brought uncertainty, billions of dollars to be spent over the years ahead. took us off the earlier highs. in the morning just like yesterday we started off to the downside. less dramatic. same pattern. we re down 12points 127 points at open. in the end we flat-lined. we re down 19 points. we nearly lost 400 points of gains. that s too bad because we obviously seen a run-up. the big picture volume is here, volatility is here. we have to digest some moving parts. treasury yields don t always have inverse relationship