Public service. And brought to you today by your television provider. Host thank you for joining us for my name is alex meriwether. On behalf of Harvard Bookstore and very pleased to introduce our talk with thomas levenson. They panicked the nation and made the world richford tonight professor levinson is joining conversation by david dobbs. The Virtual Event tonight Harvard Bookstore continues to bring authors and their work to our community and our new digital community. Finer Event Schedule harvar harvard. Com events we can also sign up for our email newsletter and shopper shells from home. This evenings discussion will conclude for some time for your questions. If you have a question for speakers go to the queue and a box to submit questions at any time during the discussion. Will come to those at the end of the talk. I will work on answering as many of your questions as time allow allows. And in just a moment i will post the harvard. Com link to purchase money for nothing. Your pu
The world rich. And tonight hes joined by david dobbs. And bringing the authors to the community and find our schedule harvard. Com events where you can sign up for our email newsletter and shop our shelves from home. This evening will conclude with time for your questions. If you have questions for our speakers, go to the q a box to submit at any time during the discussion. Well come to those the end of the talk and well work on answering as many of your questions as time allows and in a minute ill put up the link to purchase money for nothing, and it makes this virtual author series possible more than ever the future of a landmark independent bookstore. Thank you. We sincerely appreciate your continued support now and always and finally, and if we have any tech issues tonight during the event of the we will do our best to resolve them quickly. Thanks for your patience and understanding. And now, im pleased to introduce our speakers. Thomas levenson is a professor of science writing a
Worsen, suspending imports of australian coal. Disney jumping a late trade on a management shakeup and a focus on streaming through a newmedia unit. We hear from the ceo. Check of howget a the markets are trading. We are seeing u. S. Futures coming online pretty much flat. We saw u. S. Stocks climbing to an almost sixweek high we had a rally. The s p 500 gaining ground. We also had financials pretty strong, gaining more than 1 ahead of earnings season. Jp morgan and citigroup reporting tomorrow. It was really about this years trade that really led the rally. The nasdaq composite gaining more than 2. 5 . Amazon soaring ahead of its prime day. Apple also jumping. The product unveiling but its price target was raised by rbc Capital Markets. Take a look at what oil is doing, reversing some of those losses it saw during the u. S. Session when it fell below 40 a barrel. Gulf operations restarting after hurricane delta. Sourcesention, libya saying we could see output there doubling within 10
Be the next big short, real estate four reasons why we are asking that question tonight. First, the jobs market jobless claims coming in worse than expected pointing to an uptick in layoffs. Plus a stimulus stalemate, Goldman Sachs slashing its numbers in half as Congress Stalls on a stimulus package many big businesses rethink the need for large office space. When you put these factors together, is real estate a house of pain . Could it be the next big short tim . Well, maybe number five are those new home Sales Numbers that came out today that showed the exodus out of the northeast into the south is very pronounced youve basically doubled the amount of new homes in the south region from april from around 330 to 630 northeast isnt growing. A lot of these are major metropolitan areas and a lot of these are a function of the work at home. With that, i think this is something thats very, very concerning also, as with markets you have to look at the commercial real estate a function of wh
The survey number was 95. Present situation, 94. 2. That is better than last time. In terms of expectations, though, 91. 5. The Manufacturing Index has come through better than the survey. Last time, it was flat with expectations at five. We came through at 10. The consumer is getting jittery. Alix especially as the sunbelt is hit. We had an announcement from the fed earlier. Michael mckee is with us. Walk us through the numbers and to talk about the fed meeting tomorrow. Mike the numbers are connected to the meeting, with Consumer Confidence following and the outlook for the next six months dropping dramatically as it did, the economy is looking like it will go back into some sort of contraction, based on the new covid19 cases we are seeing. The fed sees as something they do not like, because moments ago they announced they are extending seven of the nine lending programs they put into place in march, through the end of the year. They were going to expire on september 30. The only one