I have the honor to serve as the dean of the school of business. 2020 marks 100 years of purpose driven in education since our inception we believe in the power of partnerships to inform and change and i would very much like to thank the center for Global Security analysis. And survived n and the latest book j. P. Morgans fall and revival how the wave of consolidation changed americas premier bank. Im proud to say j. P. Morgan is the largest employer of the schools graduates and i know many of them are on today. A few ground rules first president and ceo of the museum of American Finance will introduce Nicholas Sergeant and th the fall and revival following the discussion david and i will facilitate audience questions and ask that you type your questions in the q and a section and the speaker will do the best to answer the questions. As a participant. They will be notified by the end of the week and before i turn over to david to introduce, i want to take a moment to remind everyone th
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
Cspan2s book tv, moretelevision for serious readers. Good evening everybody. Weve got to try it one more time. I know you have greatenergy, we saw you coming in. This looks like a highenergy group so lets try it one more time. Good evening, that the energy we know you have. My name is george, im Program Director at the Commonwealth Club , on behalf of all of us i want towelcome you , thank you for coming down to tonights terrific program with Charles Schwab in conversation with adam listen ski. How many of you are members of the Commonwealth Club. If youre not a member, this is a great time to join. There are all kinds of terrific programs, there is buildings like with a great roof deck and a gentleman named billyat the back of the room. He will be happy to answer any questions you have about joining the club so see himon your way out. These take a moment and turn off all your cell phones. Any devices that might make noise and while youre doing that tell you about upcoming problems of
Fired for not properly performing their duties during this outbreak. And for all of this were joined by boom bust cohost christiane who is joining us once again from Los Angeles Christy thank you so much for joining us today. Christy after record highs on wednesday the 3 major benchmarks here in the u. S. The dow the s. And p. And the nasdaq all took early losses before kind of stabilizing in the afternoon and just taking you know fractions of a percent off but at this point do american markets actually have any idea how to react to what is going on with the quote a virus. Well at this point i think you just pointed out the markets really dont know how to react because dont forget today midday we did hit all the new 52 week highs again in the s. N. P. 500 so at this point the bank of markets equity markets know that no matter what happens the central bank is going to be ready to bail it out so the good the bad news is good news narrative is still very much intact so in times like these
Earlier this week we actually had an opportunity to speak with one. Out of beijing and he spoke about what is being done to make sure this doesnt have a lasting impact. In fact im just c. P. B. O. C. Chinas central bank injecting one trillion yuan or 170. 00 around 170000000000. 00 u. S. Dollars into the market to boost the could be making lending easier and if sars is of any indication remember when sars was rampant in china in 2003 the chinese economy went from 11 percent in the 1st quarter. To 9 percent in the 2nd quarter but when the epidemic was contained the growth rate bounced back to 10 percent and that grades continued for the subsequent weeks quaters and years kristie what do you actually make of this analysis from. I think what he says is absolutely correct that if once this entire virus is contained china actually rebound in a very strong way because lets lets face it there is no other nation in the world who is as good as mobilized nation in terms of getting the personnel