You will know her from her books and her work with cmn. And she was a Ground Breaking scholar before becoming chairperson of ftc, and thats impressive because shes still very young, i think the youngest in history. What im most interested about todays discussion, carnegie has been doing a lot of work on political economy so this fits in well. ■q it has become a dw. We live in g times, but eunusualness in our politics is an the unusualness of the political economy moment were living thru in many ways. In that sense, i think, chairpersonicularly important be shes somebody who has trayed to assert a new conception of one of the fundamentals of our political0ya ecomy, how we shoud think about the idea of competition and what it does to drive innovation, to lower price for consumers, etc. She has won, as you might expect for somebody trying to assert a new way of conceptualizing a fundamental concept in our political economy, she shes won plaudits from those taking on big tech in the name
To carnegie and thanks to chair khan. First of all i want to amplify a few thickus said. There was so much in that speech. You know the idea that resiliency matters. Had an efficiency model for the last 40 years or so ealy in our economy which is about sending things wherever its cheaper, that rules in a lot of concentration a lot of siloing. We discovered in the pan tell democrat pab democratic that this has vulnerabilities. This comes with limits. Chips is a great you mentioned chips as a great exale. Always kind of amazing to me as somebody who has traveled a lot in asia, covered global business, that anybody not just the u. S. But china or europe, thought that having 92 of all high End Semiconductors in one highly geopolitically contentious island was a good idea. Im curious, as you think through the paradigm youre bringing to antitrust, where do you see some of those choke points now . Where do you see shove those places out there in the supply chains for defense but also in our i
Know is, who took documents out of the scif. If thats illegal then biden would have been illegal. Thank you. Host joe is next, dayton, ohio, good morning, joe. Caller good morning from a balmy 70 degrees here in dayton, ohio. 2a joe biden willfully retained documents. Hurs own words. Joe biden military classified secrets to his ghost writer. Joe biden told his ghost writer. You will know her from her books and her work with cmn. And she was a Ground Breaking scholar before becoming chairperson of the ftc, and thats impressive because shes still very young, i think the youngest in history. What im most interested about todays discussion, carnegie has been doing a lot of work on political economy so this fits in well. It has become a draw. I to say interesting times, but eunusualness in our politics is ans of the political economy moment were living thru in many ways. In that sense, i think, chairperson cox remarks from r particularly important because shes somebody who has trayed to ass
Traders were also encouraged by new Inflation Data forjanuary that showed the smallest increase in goods and Services Prices for three years. That has added to bets that the Federal Reserve is on track to start cutting Interest Rates injune. Our north America Business correspondent Erin Delmore Reports from new york. All three of the major us Stock Indexes closed out february with a bang. The Tech Heavy Nasdaq Hit an all time high and it is the first time we have been able to say that since november 2021. Another new high for the s p 500. Both indexers enjoyed their best february high for the s p 500. Both indexers enjoyed their best february since 2015. The Dowjones Industrial Average for its part was up as well. That makes february the fourth straight month in the green for wall street and the Leap Day Boost was helped by some new Inflation Data. Well, the market today is reacting to a favourable continuation of inflation coming down in a trend towards the Federal Reserve s target.
Haidi welcome to daybreak australia. I am haidi stroudwatts in sydney where markets have just come online. Annabelle i am Annabelle Droulers in hong kong and we are counting down to asias Major Trading opens. The top stories this hour, asia is set for a week open ahead of key u. S. Inflation numbers. Fed officials empathizing data will drive the pace of Interest Rate cuts. Haidi earnings in focus in late u. S. Trade, paramount still swollen even as streaming subscribers beat the street. Snowflake melting down after its forecast missed estimates. Annabelle plus, bitcoin tiktokking 60,000, as etf driven demand triggers a bull run. Haidi all right, lets get you to the start of trading this thursday session as we get that staggered just creeping online when it comes to sydney stocks. Seeing a bit of a flat start to trading. Looking at the bit of a retreat bringing set up in the asian equity session. Both treasuries and the dollar strengthening ahead of the key inflation metric expert on th