Off the fall season. Arenado speakers you mentioned ed freeman he has the Professor Business Administration at the Darden School of uva. Today hes going to discuss his latest book which is so relevant given the current discourse that is going on in our nation. He calls the word and the most powerful word in our language. Here to find out why the power of and responsible business without tradeoffs. Thanks very much for having me. Its a real treat to be back even if only virtually at fordham. Many years ago in a fit of youthful idealism that you mentioned i have that ph. D. In philosophy. That was great. My father said well you will never have to worry about it job because they just opened a bunch of philosophy factories at the interstate. You will be fine. I got very lucky. Ive always taught in Business Schools but i want to recapture today if i can fact as an optimist and idealism in the shadows of this awful pandemic and the real devastation that has occurred in the world in many comm
And as millions of americans continue to stay home amid the coronavirus, we run down some of the hottest holiday tech peoples of their, all as swarmed online sites. Speaking of staying home, what streaming companies are doing. First, lets get a check on u. S. Markets, where we have been talking about the rotation out of tech shares on corona vaccine news. Reversed courseon wednesday amid data showing a possible slowdown in economic growth. Ed ludlow joins me with my. What are you seeing . Ed im calling it the unwinding of the rotation trade, taylor. The s p 500 coming off this record high, dow coming up 30,000 points that we saw yesterday, and then the technology stocks, the nasdaq 100 index up. 6 . Data wise, this is the first backtoback rise in weekly u. S. Jobless claims since july. Investors are reassessing what is going on with the economic recovery as it relates to covid19. The story, as you say, has been a move into value and smallcap stocks, those kinds of companies that would
Is fascinating to me, and so before i go to the business, i want to stop off and see what its all about. Oh, hi there. Woman hi. Lemonis how are you . My first stop is the post office, where santas helpers answer all the letters. Woman 2 it will come here if it says north pole. Lemonis this is the best one. One thing i want to do before i leave is write a letter to santa and ask him to give me a good business. This town is fantastic. From a marketing perspective, id say youre starting with a leg up, and thats why i decided to show up with the christmas spirit. When i walk in, im expecting to walk into santas wonderland with ornaments and christmas lights, but instead, it has dark ceilings and the place is totally uninviting. And even worse, theres cameras everywhere. Who decorated this place, the grinch . Mark hey. Lemonis how are you . Mark nice to meet you. Mark. Lemonis mark . Mark yep. Lemonis im marcus. Mark this is heidi. This is. Heidi hi. Nice to meet you. Lemonis how are are y
Stimulus bill. What happens if washington lets us down again and millions of people, especially in the hospitality industry, find themselves struggling to put food on the table . Does that mean we should use a day like today where the averages went up dow gained 122 points. S p climbed 0. 80 to sell everything into strength not so fast. Like i say every night at the end of the show, there is always a bull market somewhere, and even without a stimulus package, weve got a whole bunch of them that should do just fine as a matter of fact, theres a lost of breadth here first, the relentless bull market in housing. You can think tall brothers, dr horton, these companies are huge kinc covid winners. When youre stuck working from home, your housing priorities change who wants to live in a tiny apartment in the city to save time on your commute when you have no commute. This is the zoom economy, people you might as well move to the suburbs or the country where you can have more room thats why t
Tweet earlier in the hour does suggest that you think these retailers are prepping us for numbers that are going to be tough to replicate. Yeah, i think that they have to, carl they all know that america was flush from the 1,200 check and they also know there is a lot of stay at home people trying to make their homes into an office and a home, and that thats largely passed now, that doesnt mean that you shouldnt buy these stocks because that money went to these essential retailers and now theyre stronger than ever, but i know that if you are if you are at walmart it does not pay to say this is going to continue same thing with home depot i say you wait, let them come down and recognize that these are just so good that you want to be in them. Particularly, say, if a lowes comes down, thats kind of attractive, they report tomorrow look, these are remarkable companies, but they are also given as remarkable companies are to humility and to a respect to the individual investor they dont wan