Good afternoon. I am margaret sullivan, columnist for the Washington Post hr per sponsor of the library of Congress National book festival. We want to thank the sponsors in particular david rubenstein. You can support the festival with a donation of information in your program and you are urged to do so. Another piece of information is that this presentation will have a question and answer period. There are microphones at the end of the idols and you are urged to take part. The officer at the state department after 30 years while that state he wrote 17 books on the civil war and the American West. His new book is the earth is weeping the epic story of the american war for the American West by radial from booklist called it a magnificent single volume account of the postcivil war conflict that shaped our history and mythology of the frontier. The books have all been selections of the book of the month club, history th of the cb were military book club. I introduce to you peter. [applaus
God knows how this ends, not me. But i do know this. This disease has never had a more worthy opponent. Maria moore and senator mccains diagnosis coming up is senator trump lashing out at Jeff Sessions. The commanderinchief telling the New York Times he would not have appointed sessions as attorney general had he known sessions would recuse himself from the russian investigation. The fallout from those comments coming up this morning. California wildfires explode inside the growing dangers 2000 firefighters struggled to control 50,000acre blaze. Apple turning pro for its next iphone. Details of what you could expect this fall in the new phone. Markets this morning coming off of another record high that looks like the gains continue this morning. Features syndicate and how investors are better than 10 points. Also in the green. Europe stocks are higher as well. The ecb decision on magistrates this morning had that likely will set the tone for markets. The dax index in germany up one hal
Miserable and sleepdeprived and you dont want to think about talking to me. Its not like this past week was any slouch. We saw major disruptions, especially today in tech stocks, only causing the nasdaq to plunge 0. 80 as the dow advanced 21 points and s p closed flat. Tech. It pancaked. Next week, more snap judgments, more wrong judgments than you can imagine. Lets get to the game plan. Monday, fortunately is a light day. The only light day of the week. Well hear from halliburton that was hoping to merge with competitor baker hughes. What a ridiculous misjudgment of the antitrust division halliburton committed. I would fire those lawyers who advised on this deal tomorrow. Okay . And hire me. As i said, it would be dead on arrival the moment it was announced. I game them better advice for free than the Million Dollars of dollars of ills advised council. Oil had a nice run here. Based on demand chiefly from china. Thats made both these stocks attractive. With halliburton being the stand
I do not like this market. I said from the moment that the fed started tightening that from now on we will be fighting the fed. Theyre not our friend. Theyre not our mortal enemy but theyre not our friend. Ever since the bottom in 2009 the fed was there to help us, or at least not hinder us. Were down 6 and we would finally be free of the chatter about what would be their next move but no sooner did they raise rates than they began to tell everyone that their job is beginning and might tighten as many as four times this year. Since then this horrendous sell off in china. Its similar to the Destructive Force that descended upon our markets last august. Back then if you recall the fed was about to pull the trigger on rate hike but they thought better of it. They have chosen to make one input matter more than any other in their decisions to raise rates and thats the only input. Plummeting and easing inflation. Its that hiring is good which means if we get a robust employment number tomorr
Proximate causes of going down. I do not like this market. I said from the moment that the fed started tightening that from now on we will be fighting the fed. Theyre not our friend. Theyre not our mortal enemy but theyre not our friend. Ever since the bottom in 2009 the fed was there to help us, or at least not hinder us. Were down 6 and we would finally be free of the chatter about what would be their next move but no sooner did they raise rates than they began to tell everyone that their job is beginning and might tighten as many as four times this year. Since then this horrendous sell off in china. Its similar to the Destructive Force that descended upon our markets last august. Back then if you recall the fed was about to pull the trigger on rate hike but they thought better of it. Now then theyre buying. They have chosen to make one input matter more than any other in their decisions to raise its not that noise is plummeting and easing inflation. Its that hiring is good which mea