Event. My name is donna and i have the honor of serving as the dean of the school of business as you may realize 2020 marks 100 years of purpose driven education. Since our inception, we believe that the power of partnerships to explore and lead change. I very much would like to thank the center for Global Security analysis and wonderful partners in American Finance and the society of new york sponsoring todays conversation. The centennial series was designed to shine light on emerging and important trends. One of the things we realized as reflectinisreflecting on our hiy provides insight into the current challenges that disrupted and changed industries and Business Models. Todays session focuses on the challenges that the leaders at j. P. Morgan chase and company faced and survived. As seen in the latest book j. P. Morgans fall and revival, how the wave of consolidation changed americas premier bank. I am proud to say j. P. Morgan is the largest of the graduates and i know many on the
Worldwide trade has been slashed. Postnba future, we will hear from lebron james. Feeling more risk as we head into the last trading session of the week for asia. Lasttrading flat after the halfhour of frenzied gains, s p 500 up 20 loss in the previous session. Nikkei futures at the moment looking flat. Dollaryen holding at 107. Gainingg dollar index with the exception of the kiwi and aussie dollar. It feels like we will see modest over in spite of concerns increased virus numbers, particularly in the u. S. And globally we are averaging 150,000 new cases per day. The underscores uncertainty. The senate in the u. S. Approving a bipartisan bill that would limit banks doing business with chinese officials involved in hong kong. Tom mackenzie is in beijing. It still has to be signed into law. Given unanimous consent, how likely is it this will be enacted . Tom very likely at this stage. It has bipartisan support in the house and it has been signed off in the senate. It will end up on trump
Dow surging 461 points, s p gaining 1. 21 , nasdaq advancing 1. 31 . The s p up for 2020 now including a 47. 5 gain from the march lows im repeating that, a 47. 5 gain from the march lows. All of the airlines, arent that he mazing . They wont quit. Some goes for the cruise lines, the hotels earnings who needs earnings bother me later. The casinos are on fire. Who can resist now that theyre open again oils warring. The price of crude up 75 from that bizarre bargain, take some will you, this is a vshaped recovery like this, and then theres boeing, up more than 150 from its lows in march. 12 move today the biggest winner of the dow and best month ever can you imagine, humor me for a second, could you imagine if they got some orders it all makes sense even if this run all the recovery stocks are low, so theyre off the highs, and thats why its easy to see why theyre so irresistible since we have no faces here. Buy, buy, buy and any earnings can spoil the party but there are none that said,
Hey edward. Reporter yeah, neil maybe the market is priced in the usmca will eventually get done but i have multiple sources stakeholders to usmca as well as congressional sources all being told that a deal with mexico over the changes to usmca has been finished. These sources are also told that canada would sign off on this deal and now a congressional source telling me that the language will be finalized in the next 24 hours and this deal is reratified by mexico also, the ratification process will be finished in canada and a vote is set here in the United States for ratification and the mexican trade negotiators back here in washington today this all center s around enforcement of labor provisions. And the House Speaker wanted the u. S. Inspectors to go in and make sure that mexico complies with workers, making 16 an hour , as well as other regulations. What mexico settled on is a neutral third party as well as the mexican and u. S. Representatives looking at compliance. Now with the