john hancock and deichmann. and 19th chief master sergeant. the air force. joanne jo are keynote speaker. how wonderful the american historical theater re-enactors portraying thomas jefferson, john adams and benjamin franklin and our representative, the continental army private ned hector and guests general george washington, john john hancock, abigail adams and james ford and we'd like to thank the continental color guard from the third u.s. infantry, the old guard and the third u.s. infantry regiment. fife and drum corps, the university chamber singers director, dr. kimberly millicent scarlett, and the experience band and show. and of course, we wouldn't have this celebration even without the hard work and this of the staff and volunteers at the nas national. and i also want to thank you for joining us to commemorate the 248th anniversary of our declaration of independence. the national independence day parade starts at 1145, right after the ceremony. but before the parade starts, the experi ince band in show will join us onstage more for some live music. i

and also just about the same amount older than john hancock and the and the harvard curriculum at this point is really a fusion of sort of the ideas of john locke and the ideas of john calvin. and that was a slightly different curriculum from the curriculum that john adams and john hancock would have that would have been delivered to the two of them. and if you look back and this was it's very hard to sort of fill in someone's intellectual formation when you have no documentation and the way i somewhat did it with this book was to go back to look at what the master's thesis at harvard were during the years at samuel adams was there because it tells you what the preoccupations of a student body were. and often you can see where how many people are ending up on the same subject and when samuel adams is there, the ideas are still to a extent, religious. very quickly thereafter they become more general and then and then more political. it's very unusual. adams is thesis question was it was an interesting one. it was do we owe allegiance to the king? if the republic cannot should allegiance

looking at the overall market, john hancock's emily rowland talked about the markets.mily: it's been helped a ton on a weaker dollar on the idea the feds will cut aggressively and helped cyclical assets outperform. this quarter those risk on asset classes have been the winner but at the same time you have other market participants pricing in the bad news scenario with areas like gold and long dated treasuries outperforming and we're in this very strange period now where the music is still kind of playing but everyone is not quite sure when the record might stop. vonnie: for more we're joined by amanda for. &c assets management group. thanks for joining. given we picked up selling mid morning is this market in trouble if nvidia doesn't impress early on. amanda: thanks for having me. i don't want to put all the eggs in nvidia's basket but given the size of the exposure in the index and the expectations going into tonight it certainly will have a material impact one way or another on how results play out. we're not feeling particularly concerned about the results going in

now we can anything on the piece of paper that jeffern is handing john hancock, who's the seated president of coress. we can't see what the declaration says. but trumbull shows us things about e kind of society d government that these men want to have. one thing is that they're all civilians, and there's a war on we can see the battle trophies hanging on the back wall. those are captured british flags and drums and george washington had worn his uniform to the second continental congress. he's already he's already sent to be commander in chief a year earlier. so all of these men, civilians. there are no men on horseback in this room. they're also all peers. there are a couple of very men here. robert morris is one of the men seated in the row of sitting figures, kind in the middle left and the light suit. he's the merchant prince from philadelphia. behind him, engaged in a little conversation, as charles wealthy planter and merchant from maryland. when carroll signs the declation and someone jokes there go a few millions but also josiah bartlett is here he's the third from the left of the

bring in john hancock investment management, co-chief investment officer. sorry, matt mishkin.att, listen there is a slew of economic data out this week. i was intriguing in your note the initial jobless claims is the most important macro data point. how did that happen? >> it has taken a while, charles, but the labor market is the number one indicator right now. it is holding on. we have to watch it closely f this breaks the fed is way off sides. 5 1/2% interest rates will be gone. all the interest being earned on the cash balances, there is six trillion dollars in cash right now, people will want to move that money and move it fast. we're looking for opportunities in the bond market. we're looking for cheap stocks in the midwest, mid-cap industrial sector. we're trying to find the best place to allocate capital while these opportunities still exist. charles: i want to pick up on this. the last week the street was looking 240, came in at 233 continuing claims came higher than consensus. looks like it was barreling toward two million. it was shared everything is false alarm. ju

john hancock actually offered to have martha inoculated where he was staying at his house in philadelphia. but martha went her own way and was inoculated at the house of a cabinet maker named benjamin randolph. and after martha is inoculated, after she goes through successfully and recovers, washington stamps on inoculation begins to soften and a bit. for the first time, he actually uses the word inoculation in his letters. after martha's inoculation, he usually calls it taking the smallpox right, making it almost equivalent to getting infected naturally starts using the word. he almost always spells it wrong, but he starts using the word everybody spells it wrong. that sounded like a knock on washington. it's not really. maybe a little bit in massachusetts. washington's general general, artemus ward, who had led the troops in massachusetts before washington, took command, informed washington that his soldiers there in massachusetts were demanding inoculation and artemus ward said that he thought he had a right to provide it to him, to them when they were such, when they were demanding it

john hancock and sold lots of on duty smuggled tea from the netherlands. he also imported sold lots of duty tax tea britain so he was like any good merchant or any good politician, a liar, a cheat and a hypocrite. so i think that makes him a great american by default, right? diversify his business lines. oh, yes, yes, of course yes. all right. i saw another hand over here. hello. this is very interesting. thank you. you mentioned that as a result, the tea party there was this over reaction by britain and that ultimately caused the massachusetts population to decide to go in support of the revolution. so i'm wondering now have you noticed in your research? what what was the goal the end game for the or advisors of the tea party. was that really the end goal that they saw that happening or was it just to inflict damage? i say that, hey, you don't get the tax money and b, you don't get the revenue because of the is in the tea company was a british crown thing or was it just to say you know you know we don't want it or was it just simply one of these things th

joining me now is emily rowan, john hancock chief investment strategist. talked about you a little bit earlier because of some of your comments. you think that the risks of recession really are increasing. are we at 50 yet? if we were at 10, where are we now? >> yeah, we're getting there. maybe a seven or eight. we're still in this never-ending late-cycle environmental where the lagged impact of tightening hasn't tipped us into contraction yet. we are seeing, of course, some cracks in the labor market and decelerating economic growth, but we haven't seen the earnings. there are not a lot of smoking guns as we've seen with equity markets. you can't blame earnings. over time stock prices show profit. there's a 12% earnings growth year over year. i think there was such an impressive price action coming into this earnings season that you almost had to be perfect. it reminds me. i keep thinking of the image of the pole vaulter that keeps breaking the record at the olympics. that's almost what you had to do as a company heading into the earnings season. >> i've

emily john hancock calling it the earnings report heard around the world.size has been able to grow at such a degree. emily joins us now for more. the obvious question off the back of that quote, can they continue growing at this rate for the next year and maybe more? emily: yeah, this is like an asset allocator's dilemma when one stock represents an entire asset class. in fact, nvidia is bigger than five of the sectors in the s&p 500. so if they miss the big question is, is there a further rotation out of tech? if those assets go elsewhere, that could be huge for other parts of the market. we have seen momentum, which is basically nvidia and broadcom, has not seen as much love coming off of the august lows as other areas of the market like low volatility so this is extremely significant. i was going to make a joke like there are earnings after the close today? but i think this has been more important than some of the key economic data we have gotten with powell's speech at jackson hole last week, certainly all eyes are on this report. jonathan: there were

so kelly went and with the surviving generals were at gettysburg, john the left there you'll see a general winfield, scott hancock who gave details to kelly. and when he set for his portrait, hancock says, make my collar as high as fashion will allow his. hancock was getting a little fall under the chin at the time, so i think kelly boosted shirt a little bit to hide that dignified undergrowth. some of his also on the right, you see general warren. warren criticize it a little bit. warren was slightly wounded that little round top on july 2nd, hitting the neck and his was bandaged and when he arrived at the meade's headquarters for the council of war he fell asleep on the and flat on his back. and warren insists kelly depicted me in the wrong way. you have me raised upon my elbow. and kelly says, well, that was the only way to show you. if you're lying flat on the bed no one would see you so that was a little bit of artistic license that kelly made. so what's interesting that that illustration has been used in every gettysburg magazine and every gettysburg history, but no one knew the background of it. no histori