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The dow is down nearly 1 . The nasdaq is back in positive territory. Apple is boosting the dow adding 150 points to a decline we would be seeing. Amazon and facebook arent in that index caterpillar, chevron, exxon mobile are driving the blue chips lower. Lets start with bob who will tell us what were seeing from earning season as a whole now that were a little more than halfway through. Bob. We have a little bit of a problem. Its great may have tech earnings are fantastic but theyre not enough to move the market really forward. You can see this today just look at the sectors of whats going on. You have technology up because apple is up. You have Consumer Discretionary up because amazon is up. Everything else, the other economy is having hard time. Tech earnings are even fantastic. We have this two tier economy thats going on. Its not a split between wall street and main street its just theres a two tier economy. One part i ....
Military pots. Left in the drawing board. Good afternoon. I want to welcome those of you who are here in the auditorium. Here in washington dc as well as those of you who are watching online. On our website or on cspan. I believe they are in fact on site here. According to them. Just wanted to go over a few items before we get to the meat of the program here. I would ask that everybody here turn off their cell phones or at least have them in a silent mode and those other Electronic Items as well. We will have a q a portion as we get close to the end of this, and when it goes down, it will ask folks to please wait to be called upon and wait for the microphone so everyone in the audience has an opportunity to hear you. That i will ask you to announce your name and affiliation. Our topic today is this particular absolutely fascinating and terrifying book eyes in the sky, by arthur hall and michelle and i have to. Out that the digit ....
House a visit. But there are historical examples when that situation has arisen and when the powers that be have gotten the answer they did not like they went to another consultant who did give them the answer they were looking for in the bridge got built and collapsed. So these are again political on a certain level and people psychology is probably not the proper word, human nature problems. Im a big fan of your work on evolution of design and im wondering your perspective on how infrastructure is going to start to evolve as we go without cars and transport, how to think the roads and things will change after we get these cars off the road . Well if you could get the roads out from under the driver, actually do have a chapter of the and that technology is moving pretty quickly, tana ms. Vehicles self vehicles. The technology is almost basically here, it becomes a Public Policy question at this point, local laws written such that ....
Been chipping away at flash flooding jobs. Now automation robots may be coming to the csuite. I thought some of our ceos were robots, i dont know. You better be hoping theyre not watching. Its a tale of two economies right now here in the United States. The Consumer Holding up but not so much on the industrial side. Morgan brennan is taking a closer look at the socalled industrial recession and what that could mean for the overall economy. Morgan . Thats right. So as commodities continue to collapse, Global Growth weaken, and the dollar strengthen, energy, mining, and manufacturing all struggling. We have seen Companies Slash cap ex, jobs, and financial outlooks and now a number of experts ever warning a socalled industrial recession is taking root, including u. S. ....