Going to talk with. Homas schwartz he directed as an author and editor. Professional awards. Today we are going to take a to the time ofme Herbert Hoover. Tom, i want to make sure we can hear you. Are you with us . How are you doing today . Obviously the library is closed. How is everyone doing . The staff is doing well. They are eager to return on a regular basis and we are eager to be able to safely reopen to the public when the opportunity avails itself, but i appreciate the opportunity. Great. We have lots of questions. I will sign off. I will let you get into your program and i will pop back in when we are ready for q a. Have at it. Enjoy. Thank you, patrick. So, you see the exterior of the hoover president ial library museum. We are the smallest facility. We were founded as a quaker community. Hoover was our first quaker president. How did hoover get in . He predates roosevelt. This is the hoover tower at Stanford University. Herbert hoover was with president wilson in versailles
Patrick lets get to it. Today i am going to talk with thomas schwartz, the director of the Herbert Hoover president ial library. He has been with the Hoover Library since 2011 and before that he served as the illinois , state historian and went on to lincoln collection at the Abraham Lincoln president ial library as an author and editor, his work recognized with a number of professional awards. He will take a step back in time, not all the way back to lincoln, but to the time of Herbert Hoover. Tom, are you there . I want to make sure we can hear you. Are you with us . How are you doing today . Obviously the library is closed. How is everyone doing . Thomas the staff is doing well. They are eager to return on a regular basis and we are eager to be able to safely reopen to the public when the opportunity avails itself, but i appreciate the opportunity. Patrick great. I know you have a great set of images and stories and tales. I have a feeling we have lots of questions. I will sign off.
Yeah, look, we have to be careful because there are Many Companies that benefit, but we have been piling into stocks that were meant to be as if there were no vaccine until some time maybe some time late 2021 where then there will be 2022. So, you have the nasdaq futures up way too much. You have the s p, i think, and dow up the correct amount given what is in those stocks because youve got the bank stocks suddenly maybe they get a real break. Travel and leisure are just incredible how bad theyve bipartisan and then youve got, what do you do with a service here now honestly, what do you do with a company like a zoom or a peleton. Thoseniquely price for a belief that covid will be with us for a long time. David, you know a lot of stocks are trading not as if theyre going to be households and everythingen wi en with everyone is going to have them and trading as catastrophic growth in a number of cases. While there still could be for a number of months, element that says, you know what, i
Dow 30,000. 2009,were you march 10 of while you were up 16 per year on the dow . Spx i believe better as well. There have been reasons along the way to go to cash, and yet here we are with solid doubledigit returns across 13 years. Jonathan and some houses got it right. One of those houses, Morgan Stanley. It was really uncomfortable to make the call coming out of march 2 remain committed to the recovery in the u. S. Economy. It took some real confidence, and one thing that has frustrated me over the last couple of months is every time someone says the easy money has been made. There was nothing easy about going long in early april during lockdown. Lets be clear about that. We are going to keep this short with mr. Wilkinson keep wilsonort to get mr. Of Morgan Stanley, but we are not even seeing the version of those trends, are we . Jonathan not yet. Bank of america proposes holding the bonus pool flat for traders, this on a year where in the first of nine months, revenues or bank of am
Its been a wide range today. Former citigroup ceo sandy weill will join us to discuss the water shed moment at his former company which just became the first major u. S. Bank to appoint a female ceo plus, well speak with jason robins from draftkings ahead of tonights nfl kickoff. And we are counting you down to some exciting earnings after the bell today including peloton, oracle, and chewy. Two out of three are big stay at home winners plus an interview with chewys ceo as soon as the numbers hit the tape lets get straight to the market in the final hour of trade another volatile session on wall street mike santoli tracking the action for us what caused the weakness here in the last few momentors so . That morning rally was really limp it did not pass any of the tests. It stopped where yesterdays highs were nobody had any faith this was really going to be upside momentum then you had a rally in the treasury market. Yields got compressed a little bit. And the dollar is also been higher