He c. E. O. Of verizon, Hans Vestberg as we proceed throughout the hour. Francine european economies are starting to claw their way out of recession and we had encouraging p. P. I. Physician and the confident p. M. I. Jumped to 54. 8 with the services and manufacturing sectors expanding. Joining us now from paris is william, the Bnp Paribas Group chief economist. It feels like this was a good week for europe. We have the p. M. I. More than expected and the Recovery Fund. If you look at job losses theyre going to get ugly in europe. William that is a concern i have if you look at the p. M. I. Data today. What strike is that yes, manufacturing significantly and new export levels in germany are just flying but the employment series is showing that companies are under no intention whatsoever to increase hiring and on the contrary. Thats a concern. Its a concern because the recovery will depend on what households do, how much they spend and they need confidence. Alix what is going to give t
Texas. Meantime, covid19 cases continuing to rise with 4 million reported across america. But today, the u. S. Centers for Disease Control that is control is advising schools to open, after originally highlighting the risks. It added up to another down day for stocks. Joining us, abigail doolittle. Abigail a lot to digest, and you nailed all the issues. A big piece of it has to do with the big xl off, but the rising tensions with china have been the backdrop for the past two years, but really coming into the forefront here. And economic data, frankly, not right. Investors are paying attention to that. You put it together, nasdaq 100 down. 9 , down on the week for the second week in a row. Stocks hit even harder, down 1. 6 . What intel really disappointing, at lowes down 18 per soient, worst day at that point since 2000 to one Third Quarter guidance for that chip to let you talked about, and also the idea that manufacturing of their trips could be changed. We had investors going into a
Much choice because of our numbers. The fact that we dont matter electorally. The amount of intent to the Effect Committee put upon that they require. And hopefully because he was like having a double headache all day long from day long from the time you wake up in the evening because jews are insistent complainers. Complaining is the National Pastime for jews all over the world. The amount of money and time being put into jews and to get to vote is an absolute waste of time. I know its hard to admit youre not part and which are not. Ill tell you why. New york, california, theyre not voting republican. The republicans in california have no power. They cant get anything done in the state legislature. Is the craziest thing i ever saw. Where else do they live . They live in illinois. Or not voting republican. Ohio . Not likely. You look at the shift in democrats, people who are becoming more assimilated and becoming less jewish may be voting for Democratic People becoming less assimilated
If i could have your attention,e program on Manufacturing Society in the 21st century here at the institute. I welcome you on behalf of the institute both in the audience and those viewing remotely. I wanted to ask our president , walter isaacson, just to say a few words. Its always dangerous when your boss knows as much or more about the subject matter. That is definitely not true and that is why it is a pleasure to have tom here at the Aspen Institute because the one thing we do know about the issue of manufacturing is how important it is to americas economy and how ridiculous it is to try to think of a great economy that doesnt always have a healthy Manufacturing Sector. And so, when we were looking at the Aspen Institute and all the things we do in terms of the creation of jobs and the economy, we felt there was a huge gap because people kind of understood the reduction of manufacturing jobs in america that was happening, but nobody was as focused as they should be even though they
Will. We learned that when others are are around, we learn we wait for others to take responsibility. Scientists have attributed major explanations to the bystander affect. First, people feel the need to be hit and socially acceptable ways. They take their cues from other people. That prompts them to either act or not act. Second, and perhaps more important is the presence of other people essentially this uses responsibility. That is the essential essential problem. It can lead to extreme and action, and that is to the detriment of all of our bystanders and the whole society. This is precisely the condition we find ourselves in so many americans, in particular young people do not make it to the polls on election day. They may have an opinion about who should win, they may even feel really strongly about it, but as their dates fill up, the Good Intention to go vote goes away. They wake up maybe the wake up with the intent to vote in never make it to the polls. But what does that mean .