Host is so good to see you. Is so good to be here. I love the book is incredibly important the basic question in the first section of the book what is surveillance . What is your definition . Lets start with that. Back up a little bit and give a tiny bit of context has long been understood that in the history of capitalism the key way that capitalism evolves is by taking things that live outside the marketplace and outside the Market Dynamic to bring that into the market and as a state same historian wrote about the basic mechanisms of industrial capitalism and the idea was human activity that was claimed for the marketplace that made it possible for labor to be controlled and to be bought and factory work in all of those that became the hallmark of modernity and was reborn as real estate or early and so lets fastforward a century not the beginning of the 21st centur century, the insight was capitalism was invented we could take Human Experience specifically private Human Experience an
Exciting growth again. The question is when and in the meantime were going to shore up that Balance Sheet and make sure weve got that cash to make sure we can pounce on the end of it one of the things were thinking about is, who do you want to be when you come out of this. All of us are thinking about that so, you know, weve got still a strong recruiting team in place, a team who is interviewing people every day so that on the other end of this, all the superstars who are out there can come work at shake shack we dont know when that day is, but we know its coming. And when it is, we want to be there, ready to allocate that capital that we have to get back to growth as soon as we can. Randy, thank you so much for joining us thanks, everybody. Keep us posted. Ceo of shake shack. Sara, that was a good interview. Well see you on closing bell this afternoon good morning, im carl quintanilla. Welcome to squawk alley joined by Morgan Brennan and jon fortt. Dow is well off the lows of minus 32
Call me nothing is business as usual anymore. We know that we have had a collapse of Epic Proportions thanks to the coronavirus, Oil Price War dow plunged another 2353 points today. I do not even feel like pressing the buttons. Oh, jesus. S p plummeting and nasdaq diving these are hideous. I get it these are scary times. Were afraid for our health and the health of our families we dont want to lose our jobs we dont want our nest eggs crushed. Ive give you a sixpart plan that could blunt the Financial Impact of the outbreak while allowing us to contain the virus, maybe save you some money. I know we can beat this thing, okay i know we can, but beating it most likely at this point means causing a recession. We know this is coming thats whats causing these stocks to go down. We should do everything we can to make it easier for the hardworking people of this country. But in the end, this is still mad money, not mad science or mad public fiscal policy that means what do we have to do we act
As you can see, futures up. Everything from india, looking at the dow jones futures. S p yesterday, a high. We will probably hit that if things continue. That is the risk on the markets. By the way, if you are just joining us about 10 minutes ago, a lot over in singapore. Companies, biggest joining us exclusively from that event taking place in singapore. Here down after the chairman resigned. Recedingmping, risks in terms of hard brexit. The latest on the protest herein hong kong. They vowed to continue their fight. Thearrie lam would draw extradition bill, saying it is too little too late. She has accepted that more would need to be done. After more than two months of social unrest, it is obvious to many that this extends far beyond the bill and covers political, economic and social issues. Have a strategist here in singapore. What is the mood like at the moment . What are people telling you . Not enough. Ift we have been seeing is carrie lam had done this three months ago, perhaps w
Not spooked by anything happening at Federal Reserve and dow, nasdaq and s p at records at the moment after the Federal Reserve held rates stead i did for fifth meeting in the row and fed chair Jerome Powell answering questions for reporters. Lets go back there live. Early parts of the Pandemic Recovery have mostly been resolved. Youre seeing high job growth, youre seeing big increases in supply. Youre seeing strong wage growth but wage growth is gradually moderating down to more sustainable levels in many, many respects and the things are returning more to their state in 2019, which we can think of normal for this purpose. Thats job openings and quits and surveys of workers and businesses are interesting on this and how tight is the how easy to find a job and how easy it is to find a worker. Those have both those surveys have both come down. The labor market is in good shape. You know, you do see things like the low hiring rate. And people made the argument that if layoffs were to inc