Stimulus and higher bonld yields as well which reversed and went the other way. Dows down almost 300 points is this art of the deal or do traders really need to pare back their bets over stimulus lets get right to maike santol for the market reaction. What stands out to you right now . First of all, its an incredibly clean test of where the market was and what it was trying to bake in over the course of this rally which as will fred said was whats really fascinating too is the news came as the s p 500 was just hitting these levels that everyone has been saying oh were going to give room to this rally to get to 3425 and then well see what happens we were just above that in the afternoon and then we had this little reflex. I would caution everybody to keep in mind that we dropped to where we were trading yesterday morning right after the close. So there has been a little bit of a head of steam and builtup gains in this market this doesnt necessarily completely alter the premise of what w
And this industry for so long and people always ask what is the Silicon Valley secret. I set out to answer those questions for them. Yours is the story of 75 years of Government Support and encouragement of the tech industry. I want to show you a clip of where we are today. This is from last year on capitol hill with mark zuckerberg. Lets watch. Car Companies Face a lot of competition. If they make a defective car, people will buy another one. Is there an alternative to facebook . The average american uses eight different apps to connect with each other. We provide a number of different services. Is twitter the same as what you do . It overlaps but i dont think it is the same. Do you think that you have a monopoly . It does not feel that way to me. Mr. Zuckerberg, could you share the name of the hotel you stayed in last night . Mark uh, no. Have you message anybody this week . Would you share the names of the people you mentioned messaged . I would not choose to do that here. I think t
Reagan administration. I served for a few years at the office of management and budget. It was at that point i saw how these entitlements grew and how difficult they were to control. That was the origins of my interest. Host how long were you there . John i was there for three years. I served prior prior to that at the department of labor. I left omb in the mid1980s, there returned in 1988 to serve as the deputy at omb and return to stanford. Lessons thatre the you learned working at the office of management and budget. John the main lesson was just how difficult it is to control spending. It seem like all of the forces in washington were towards war and more spending. Ronald reagan, more than any other president made a comprehensive effort to rein in Government Spending. He was modestly successful. Having been part of that battle, i saw how powerful these forces were expanding Government Spending. Surprise ingest your book was fdr. Tell that story. Think that thele entitlement state b
During the Ronald Reagan administration. I served for a few years at the office of management and budget. It was at that point i saw how these entitlements grew and how difficult they were to control. That was the origins of my interest. Brian how long were you there . John i was there for three years at omb. I served prior to that at the department of labor. I left omb in the mid1980s, and then returned in 1988 to serve as the deputy at omb and returned return to stanford. Brian what were the lessons that you learned working at the office of management and budget. John the main lesson was just how difficult it is to control spending. It seem like all of the forces in washington were towards war and more spending. Ronald reaganw, more than any other president made a comprehensive effort to rein in Government Spending. He was modestly successful. Having been part of that battle, i saw how powerful these forces were expanding Government Spending were. Brian my Biggest Surprise in your bo
Shrinking national monuments. Its been an issue he has cared about in terms of corralling federal powers. Wednesday some type of announcement on israel, the administration has indicated theyre likely to declare that jerusalem is the capitol but punt on this ongoing issue of where the u. S. Embassy should be. In all likelihood it will stay in tel aviv. On president the president will be back on eye the campaign trail so to speak in pensacola, florida, for a rally. That is aimed at roy moore supporters who live across the bay in mobile. So we see the moore issue pop up. We just saw it this morning, the president said that he is supporting roy moore. Overhanging all of this is the ongoing russia investigation, the issue of general flynn, whether he is going to provide information to the Mueller Probe that could implicates other in the white house, and then im sure as mike will be focusing on, at the end of the week we have big budget deadline, perhaps a government shutdown, and the presid