And we have executives at davos falling over themselves to take action against Climate Change, something that will hurt their earnings per share even if it may save the environment. Yet, none of that seemed to matter until midday and then ultimately, the dow dropped 152 points s p. After we learned that the coronavirus has reached our stores and boeing told us that the 737 max wont resume service until june or july causing its stock to crumble and taking the average down with it. The coronavirus is precisely the kind of outbreak that would have decked any other market right from the opening i mean, really cause it to plummet. And then what would happen is it wouldnt get off from the canvas it would stay down but this market was able to hang in there until that onetwo punch this afternoon well, this hasnt resulted in huge number of fatalities, at least not yet. The fact that respiratory viruss like this one are incredibly difficult to contain should play a role here. So far, it seems le
The blue chips index saw it is biggest intraday reversal since. Gust of 20 for the s p 500 it was the biggest flip since 2016. If any one thing pressured stocks today it was the bond market. A weakur tre auction and a bumming deal in washington sent them on a fewer year high. That rise in terms triggered concerns that the Federal Reserve might raise rates. The dow was down to 25693. And with volatilitck are some are calling this a new phase in the market. But is there more selling ahead . Bob pisani takes a look. Reporter it was another wild and whacky day of trading. He dow swung this a 500 rai and went from negative to up 200 points in 30 seconds but closed lower. We know a large part of the blood bath thiseek was perhaps due to obscure trading products tied to volatility. For the past year traders have been short the volatility betting it would drop and long on the stock market. This blew up on monday. Trade hers toould have their short positions on volatility and had to lighten up
Colleagues here. Thank you for your leadership over many years. And for being a part of this next phase. I see the future of video and Television Broadcasting in particular is remaining bright as long as localism, lives journalism, consumer protections, emergency alerts, as long as those are important parts of Public Policy, i think broadcast television plays the indispensable role. Michael . Michael television will be dramatically different. Its going to be much more multidimensional as a Consumer Experience than it is today. I think consumers are clearly delighting in a range of Consumer Electronics devices that provide screens, that provide televisionlike experiences across a myriad of platforms that never existed before. I think that will continue to proliferate as a legacy of steve jobs begins to continue to create magical devices on which quality video can be distributed. I think the nature of content is going to continue to radically expand. The old adage that life is stranger t
What do you foresee in that regard . Michael its very difficult to say because people have different perceptions. It beautiful. I dont find it as radically transformational as i thought analog to hd was, which are member being chairman of the fcc touring and seeing my having my socks knocked off. I have 4k set at home, not a lot to watch yet. It doesnt have that dramatic differentiation. Other characteristics improve quality quite dramatically, hdr cable with the, the way color is rendered is quite beautiful. But this is just a cautionary tale. The human ear can only hear so may things in the human eye has so many limitations. You can only make a machine and begins to exceed real life and you have to be careful i dont know how to put this but i at some point, we are exceeding what is natural and the experience becomes unreal and jarring and almost too sharp that it creates a conflict with the way you see the world. I have no idea if that is 4k or 8k. Or some k in the future. If it help
American rail act that was signed into law by abraham lincoln. It allowed several Railroad Companies to make it Union Pacific and then they were charged with the task of building the Transcontinental Railroad that bridged the east and the west coast. They met up in utah and that is really what propels us even farther. We become that point of moving west, one of the gateways towards the west. That is today at 2 00 p. M. Eastern on American History t v. Now to discuss the future of television with a group of industry leaders. Speakers include a former sec fcc chairman michael powell, gordon smith, and Consumer Electronics association ceo gary shapiro. This is part of the conference of the advanced Television Conference committee, which develops standards for television. This is about one hour 10 minutes. Ladies and gentlemen, welcome to this super panel on the future of television. Of course, we have a trio of panelists who lead industries that are vitally interested in that future. Its