Lead to success but there is one major hurdle hugh have very little influence over and thats your social and ethnic background an equal opportunity thats our topic today on made in germany dont fool yourself the old fashion class system still exists in germany it might not be as evident as an england where the elites can easily be spotted by sending their kids to eton but trust me money and pedigree count for a lot in germany 2 kids from wealthy families have better Career Opportunities if only because they have better contacts to people who matter people who can pave the way into company boardrooms of course there are exceptions to the rules theyre few and far between but we met someone who made it still spite not fitting the elitist bill. Always impose their own 1000 people taking the Big Decisions in this country. Sociologist michiru hartman has conducted Extensive Research into elites and more specifically germanys business elites the captains of the dax listed corporations lots of
Today on made in germany dont fool yourself the Old Fashioned class system still exists in germany it might not be as evident as an england where the elites can easily be spotted by sending their kids to eton but trust me money and pedigree count for a lot in germany too kids from wealthy families have better Career Opportunities if only because they have better contacts to people who matter people who can pave the way into company boardrooms of course there are exceptions to the rules theyre few and far between but we met someone who made it this by not fitting the elitist bill. Doesnt pose though there are 1000 people taking the Big Decisions in this country. Sociologist michiru hartman has conducted Extensive Research into elites and more specifically germanys business elites the captains of the dax listed corporations lots of men just a single woman most come from upper or middle class backgrounds. For almost half a century 4 out of 5 c. E. O. s and Supervisory Board chairman have
Lead to success but there is one major hurdle hugh have very little influence over and thats your social and ethnic background an equal opportunity as our topic today on made in germany dont fool yourself the old fashion class system still exists in germany it might not be as evident as an england where the elites can easily be spotted by sending their kids to eton but trust me money and pedigree count for a lot in germany 2 kids from wealthy families have better Career Opportunities if only because they have better contacts to people who matter people who can pave the way into company boardrooms of course there are exceptions to the rules theyre few and far between but we met someone who made it still spite not fitting the elitist bill. There are a 1000 people taking the Big Decisions in this country. Sociologist michiru hartman has conducted Extensive Research into elites and more specifically germanys business elites the captains of the dax listed corporations lots of men just a sin
Locations as we put social distancing into effect here at cnbc as a precaution were going to start squawk alley this morning with bob pisani with an update on todays markets. Bob . And jon, the important thing here is i want to show you the futures because a lot of confusion overnight here we were futures down overnight, then we hada big rally at 8 00 a. M. Eastern time as the Federal Reserve announced new programs and yet the open was a real disappointment and it shows you that liquidity is fairly thin preopen. A lot of people were surprised we opened down so much but were off of the lows right now. Sects here, banks have had a tough time throughout the morning, most down 4, 5 or 6 . Energy stocks also had a tough morning. Everything else, 2 lets say, industrials, technology also down about 2 . Semiconductors started strong but have been weak for a while now. Boeing, one of the few stocks on the upside, only three or four up today, an upgrade goldman sachs. Home depot on the upside, c
This was a pretty strong report. This endorses the fed pols. Exactly what the fed is looking for. It is reasonable to expect the fed to kind of be on hold. The front end of the curve is selling up more than the backend. The market is saying the fed cause is warranted. It is probably going to remain on pause for a good portion of next year. Jonathan joining me around the table in new york, gershon distenfeld, priya misra, and krishna memani. Priya, lets begin with you. What a payrolls report. Priya a good report, no way to look around it. When we check out the gm numbers, still a solid number. But i have to highlight caution a little bit. The labor market is a lagging indicator. His Global Growth for sure bottoming . There are some signs that it may be. Is it about to surge ahead . I am skeptical. We are not getting stimulus out of china, europe. Growth,iew, global probably models around. The trade uncertainty, we are so hung up on this trade deal. Dont know even if we get the phase one