Manufacturing index hitting its best level since november 2018 but tech stocks as we mentioned lagging. The nasdaq is in the med as apple, amazon, microsoft all trade lower 59 minutes left in the session. Back off the lows. Coming up on todays show, ever corps founder roger altman on how the outcome of the election could affect your machine. Plus mond leez and paypal report earnings after the bell we will bring you all of those nbc first on cnbc with mond leezs ceo as soon as those numbers come out. We start off the month of november with gains after a down ep to october. Bob pisani is tracking some of the action. It is turning out to be a fairly simple narrative to understand today that is investors are choosing stimulus over stayathome plays. Let me show you what i mean. There is a belief there ises going to be very gig stimulus coming somewhere down the road again. Thats taken hold here look at the s p 500, up. Wait look at the small caps, up almost twice as much generally the bep y
A distinction and he talked more about this yeah so the university of chicago decision really groundwork breaking our research right on this and they sent out resumes to over 5000 different employers across private Public Sector Large Companies medium size Small Businesses they were trying to get a sense of the amount of discrimination in the labor market whats really important to know is in the resumes that they sent out it would be the same resumes they would just switch the names right the other thing that they would do is they would stress you know augment the strength of the quality of the resume right so increase the Quality Institution depth of experience length of experience so on and so forth and what they found was if you have you know. A black you know white sounding name you know your callbacks would be 50 percent higher right on the other thing that they found was you know if you were at a white sounding name as the strength and quality of their resume increased right beca
Associated with that figure in and of itself is amazing for our International Audience which may not be very familiar with the particular areas of you know in the United States what have white sounding and whatever black sounding names its so you know black sounding names might be Something Like a tyrone you know rashida which is actually more arabic right than than anything else it might be. Right these these kinds of names whereas you know like a white sounding name which is typically more like a you know like a christian name might be it might be emily it might be samantha it might be patricia it might be you know names that you know give the impression that the holder of that name is likely you know a white person or ok well she was just air strikes me as european sounding and i mean it is i mean you dont see the piece positive or a negative rise because you know. I had. I remember i went to an interview where the person when i showed up the person said they were expecting someone
Would just switch the names right the other thing that they would do is they would strokes you know augment the strengths of the quality of the resume right so increase the Quality Institution depth of experience length of experience so on and so forth and what they found was if you have you know. A black you know white sounding name you have your callbacks would be 50 percent higher right on the other thing that they found was you know if you were at a white sounding name as the strength and quality of their resume increased right because we want to talk to the stronger candidates because back when it by 30 percent makes total sense right but if you had a black sounding name as the strength and quality resume went up the callbacks did not go up at all so to speak leave you know 0 no interest level you actually needed the incremental 8 years of experience to overcome this this. Bias associated with that figure in and of itself is amazing but for our International Audience which may not
Sounding names might be Something Like a tyrone you know rashida which is actually more arabic right than than anything else it might be. He should write these these kinds of names whereas you know like a white sounding name which is typically more like a you know like a christian name might be it might be emily it might be samantha it might be patricia it might be you know names that you know give the impression that the holder of that name is likely you know a white person or ok well she was just air strikes me as european sounding and i mean it is i mean you dont see the piece positive or a negative rise because you know. I had. I remember i went to an interview where the person when i showed up the person said they were expecting someone who is irish right which which was pretty interesting that they would share that with me. You know from the me but in terms of the name you know not so much in terms of you know how people react to you in a room yeah absolutely now you mention that