You for coming on to discuss monopolies suck. Its a very timely book because the issues you write about in the book, the power of dominant companies in the u. S. Economy and the impact on workers and consumers and citizens is really a very hot topic in economics and policy making right now. And we will see but could play a big role in the incoming Biden Administration. So i thought we should begin with sort of the big picture about, that you lay out in the book. I think when people hear the title they might say of course, no one likes monopolies, no one likes dealing with monopolies. The religious book is about a bigger issue. You are warning about a warring trends across the economy that i think many people may not fully understand. I think you could maybe first set the scene for us and describe what you see happening. Guest first, thank you so much for taking the time to talk to me today about this book, and thank you to cspan for having here to talk about it as well. We all know mon
To see if they have a deadly respiratory virus called the carona virus and it is spreading during the celebration of the chinese new year. This is one of the three where screening will begin, thom jensen. Reporter thats right, the only two u. S. Airports with direct flight from wuhan, china where this virus is linked with the virus. It is now spread into thailand and china. Chinese people are concerned a little bit it is a new disease. Reporter a center for Disease Control officials telling reporters today shes concerned too and it is plausible there will be at least one case in the u. S. Due to the amount of travel from wuhan, china. The first 150 sfo passengers will be screened saturday afternoon when the next flight from wuhan is set to arrive before 1 00. When the flight arrives either connecting or nonstop passengers will be diverted into a separate area. Reporter another 10 or 25 passengers on connected flights will be tested, worrying some could be delays and getting through cus
, with the small moves for stocks, it would make sense to look to other clues. Investors look to the volatility index to see whether it is on the rise. Whether these record highs can be sustained. Another volatility index is on the rise. The index in white. Some of them call it a panic index. Year,e in july of last when the s p 500 was carving out new highs, the scio index was high. Skew index was high. Keep this in mind, considering we have the vix low, the skwew s px on the rise after the 500 is at record highs. We have talked about green shoots, and one of the things that backs that up as the resteepening of the yield curve. The spread between 10 year and two year yields rose above 25 basis points for the First Time Since July Caroline july. Inverted fort only a week late in august. There has been a noticeable flattening of the curve. Long head has rallied stronger than the short head. Basis ifpositive by 22 you look at the spreads between two month and five year yields, its a diffe
In europe, the dax up 1. 5 the cac up 1. 4 . Ibex up by more than 1 . Looking at the treasury yields the tenyear yield cracking 1. 7. Went out on the day at about 1. 71 the tenyear yield now at 1. 675 tom and i were chatting about a blog post from pimco saying u. S. Nominal yields could go negative dont blame the Central Banks, there are also Secular Forces at play that could bring down u. S. Rates. I think thats what happened overnight. It caught a bid because of that blog post. Thats a big story with pimco, the Largest Bond Fund manager in the world saying rates could go negative, rates could go negative. 1. 67 on the tenyear yield. Disney shares are under pressure this morning. The company reporting earnings of 1. 35 a share, missing analyst estimates by 40 cents. Revenue coming in short of forecast disney blaming costs related to the creation of its new streaming service, which we knew would cost something and the integration of foxs entertainment assets which it bought for 71 bill
Destroyed its new missile. Missiles are capable of carrying nuclear warheads. And are hard to detect. Educe the warning time he declined to give details, but underlined that nato had no intention to deploy nuclearbased missiles in europe. Tonight, Democratic Candidates holder first debate hold their first debate. Elizabeth warren will be the only top democrat to take the stage tonight. The House Oversight committee has voted to subpoena Kellyanne Conway for testimony. She is of violating the hatch act. Week, the special counsels office recommended that conway be removed from federal service democraticging candidates. [no audio] tracks and off the it has raised concerns about the impact on various forms of wildlife including dangerous species. Endangered global news 24 hours a day, powered by more than 2700 journalists and analysts and at tictoc on twitter, in more than 120 countries. From bloomberg world headquarters, this is Bloomberg Markets the close. Just 30 minutes away from the e