Community during these unprecedented time. Every week, who will host events here on our page. Our Event Schedule will appear on our website at harvard. Com. We have a term great events coming up so dont miss out. If you want more, next monday may 11, tonights event will conclude with some questions. If you like to ask something, ask question button at the bottom where you can submit your questions. At the bottom of the screen during the presentation, youll see a link to purchase your copy of reimagining capitalism. Huge thank you in advance for all of your support during this difficult and uncertain times. You will see a donation button. If you have a copy of the book wed like to contribute to the series to the store in a different way, we would greatly appreciate it. Your contributions make this new virtual author series possible, support our hardworking staff and now more than ever, ensures the future of a landmark independent bookstore. I am pleased to enter nights introduce tonight
And factories have been forced to close to help fight the spread of the disease millions of jobs have been lost in retail hospitality and even the industrial sector. Businesses are on the brink of collapse in many countries the powerful aviation and cost sectors have turned to their governments for financial assistance. As Corporate Giants cry out for help should taxpayers themselves struggling come to the rescue. Who will foot the bill for those massive government aid packages. The coronavirus looks set to make the world a poor a place where governments face the daunting task of deciding who to prioritize. Welcome to this covered 900. 00 special on robots in but then its nice to have you along with us so there can only crisis brought by coronavirus has driven businesses of all sizes as well as individuals to our governments to help them through even once proud corporations have found themselves begging for bailouts paid for by the state in vast numbers of jobs dependent on the surviva
Says to him talk composer nobuo uematsu. Featured in many well known his music is better known to give you stuff sounds good. Video game music on t. W. The coronavirus isnt just a health issue its an economic one as well. All around the world shops restaurants and factories have been forced to close to help fight the spread of the disease millions of jobs have been lost in retail hospitality and even the industrial sector. Businesses are on the brink of collapse in many countries the powerful aviation and cost sectors. Have turned to their governments for financial assistance. As Corporate Giants cry out for help should taxpayers themselves struggling to come to the rescue. Who will foot the bill for those massive government aid packages. The coronavirus looks set to make the world a poor a place governments face the daunting task of deciding who to prioritize. Welcome to this covered 900. 00 special on whats in but then its nice to have you along with us so there can only crisis broug
Contains on a timely subject that the height of stocks of amazon and google and others and with a broad scope why this book and why now . Thank you for having me by the way. I started this book in 2017. I had just taken a job as a columnist the mandate was to figure out the World Biggest business in opinion form which is a rather large mandate and in order to narrow the funnel, started to look through corporate numbers i saw how well they transition from the Financial Sector to the Technology Sector since a great financial crisis and one number that stuck out was looking at how 80 percent of corporate wealth was being held than 10 percent of the firms. Those were the richest in personal data and intellectual property. You are holding the majority of the worlds corporate wealth and the majority of those are that i profile in the book. Netflix and google. Host there are some overlap like facebook and google with Digital Advertising and apple has shunned advertising and technology. Huber
White house briefing. We will be monitoring that for any headlines as they come. Shares of the biggest banks, citigroup and bank of america, plunging today after disappointing Earnings Results revealing just how hard the pandemic is hitting them. Goldman shares ended the day up. Their portfolio took a big hit. Joining us now, sonali. Walk us through these big loan losses and why did banks do so poorly today . Sonali these loan losses are the number one reason we are seeing issues at the big banks. This might get worse in the coming quarter. Let uncertainty as what is making investors nervous. When you go to bank of america, they expect they are considering what a recession would look like into 2021. You are drawing out time frames that go well past a couple months that people expect the economy to be closed for. The banks are factoring in the reality that the American Consumer will not be able to spend as much and that there will be bad loans as people are not able to pay back all of t