at any rate, ed morgan let me write the way i wanted to.g at a liberal arts college allowed me to aim at a general audience rather than a group of professional historians. >> there you go. >> lets go through some of the key points on your book. asking questions for another 20 minutes or so. then about 10 minutes or so where you can have your question submitted. submitted them in the chat room and i will read them subsequently when we get to that section. what do you mean by the cause? where did that phrase come from? >> good question. in the early stages of the war for american independence, nobody called it the american revolution. the british called it the american rebellion. the columnist started in 1774-75 started talking about the common cause which at the time meant that counties response to the british occupation of massachusetts and especially boston and the rallying of domestic counties to support them and what was called the coercive acts. common cause then discovered news to the cause. it became a convenient label, a convenient c

ed: this week, morgan stanley the price target. and a lot of the enthusiasm is that apple, when it says it will move into a new product line, it does really well. later, it is reflected in their financials. we are heading toward a $3 trillion market gap -- cap. and a lot of that is the excitement that they could. apple has real expertise in software. some of these departures are in key areas. battery, radar, the things i go into an electric self-driving vehicle. it is negative news to know there is a turnover on the team, but the consensus is they have the expertise to do it. as we inched toward $3 trillion market cap, that could be one of the big drivers for the stock going forward. emily: ed ludlow and l.a., we will see later in the show. thank you. coming up, what the future of crypto holds. we will be joined by the cofounder of lightspeed venture partners, which is accelerating its investing in crypto infrastructure and the blockchain, to talk more about that latest crypto hearing on capitol hill and trends in the coming year.

to discuss the strong demand is anu aiyengar, global cohead of m&a at jp morgan, alongside our deals reporter ednd. anu, can this continue? the pace has been frenetic. it has not been the huge deals. a lot of those have fallen through. so many of the medium-sized deals. what is going on? anu: this year has been the stuff that dreams are made of if you are an m&a banker and you dream of deals. you are also right about the trend. while you say the number of large deals has not been that high, 10 plus million deals are similar to the last high. what has been the difference is the one billion to $10 billion is record-setting. 100% higher than last year. that has really driven the overall volumes to these historic high levels. that trend of activity being in the one billion dollars to $10 billion, we expect that to continue. ed: we are coming into this late stage of the year, it will be a record year. we know it will be amazing in a number of different ways. the question is why? the environment for doing deals looks pretty unfavorable. you have a global pandemic, people not traveling, late stage dyna

ed: apple is the benchmark for technology, not just handheld devices but also software. morgannley's other argument is we will see this flight to quality. bigger big picture discussion around markets. yes, the nasdaq 100 is rebounding for a second day, but we see some stocks that have very stretched multiples selling offer get comparatively, apple is trading at 25 times future earnings. that is a bargain. going into a tighter cycle from the fed, a hawkish fed, think about what happened in 2018. investors are looking at apple at better value. it is not part of the driver, too. guy: but i thought we had a problem with the iphone 13 and that was going to be a major problem and the supply chain was warning there were going to be issues there. ed: i don't know what she knows that we don't know, but she actually thinks that the production and demand in this final quarter of the year will be stronger than advertised, stronger than reported. this has been such a strange story for apple this year. they cut their target for the year-end because of supply chain restraints. in this atomic

. >> emily: the point you're making is dovetailing to what morgan said when a "wall street journal" op-edy is she trying so hard to be likable when americans are just desperate for her to do her job? if she was half as earnest about actually doing her job as she was about trying to have people like her and be relatable in these awkward moments and videos, the american people would be a lot more grateful and see a lot more results but instead, we've got nothing to show for anything in the media simply defends her. some parents are reportedly furious and schools give teachers more days off. that's next. we've been waiting all year to come together. it worked! happy holidays from lexus. get 1.9% apr financing on the 2022 es 350. ♪♪ kim is now demonstrating her congestion. save it slimeball. get 1.9% apr financing on the 2022 es 350. i've upgraded to mucinex. we still have 12 hours to australia. mucinex lasts 12 hours, so i'm good. now move! kim, no! mucinex lasts 3x longer for 12 hours. is struggling to manage your type 2 diabetes knocking you out of your zone? lowering your a1c with once-we

of legislation dealing with higher ed or pre-k-12 that he has not been a part of overall these many years. thank you both. to be transparent, i am a graduate of morgan university in both mark, a hbc s college. was able to find a way to matriculate at a tough time and i got a degree that prepared me later for my other education work and my other attempts to matriculate. we have informed four years after lincoln signed the immense patient proclamation and have been graduating students as many of you are aware with your own institutions, for a long time. we are hopefully two years or three years away from gaining r1 status through carnegie, we are working hard to do that. we have a bond rating, we have produced more fulbright scholars than 90% of the other institutions that exist. and we are on our way to opening and creating a school of osteopathic medicine to complement the other aspects of the campus. i wanted to say all of that to say that there was preparation for me, as there is first so many young people today, by going to a historically black college and university often times, because they have not been able to go anywhere else. i do want to -