You ok joe whats behind this trip of Human Services secretary alexanders are going to taiwan the delegation visit to taiwan is significant because its part of a trend right now that we see from the Trump Administration of provoking china in many regards and we are watching the slow to move towards a cold war now with china which is very dangerous for our National Security and deeply problematic but its also very political in certainly heading into the 2020 election where President Trump is trying to define himself as dance i can a candidate and joe biden is the pro china candidate and how do you see that playing out. I think that the American People are very wise about understanding that china while the source of the krona virus their china is not the cause. Of the catastrophe we have here at home in terms of managing the coronavirus and President Trump is trying to tell you that together but its not working and so hes getting more desperate in his rhetoric quite frankly about china co
Morning. Dow, nasdaq and s p scoring fourth straight month of gains. One of americas old retailers filing for bankruptcy. Lord taylor hit hard by the coronavirus pandemic. Surprising results of new study ahead. Mornings with maria is live right now. Dagen global action, european markets up across the board. The euro zone economy showing signs of some growth, purchase Managers Index there for july coming in at 51. 8. Anything over 50 shows growth. In asia overnight mostly higher, private survey of chinas Manufacturing Activity showing growth for july. Purchase manager index hitting 9year high. Gold shines, on a roll closing in on 2,000 an ounce. White house officials and democrats set to meet again today to discuss covid19 stimulus bill. Cheryl white house chief of staff mark meadows says we still have a long way to go and hes not optimistic about reaching a solution soon. Democrats want the extra 600 of Unemployment Benefits which ran out last week extended an republicans want to reduc
Close today . You can take microsoft first, and whether its a referendum on tech itself . I think microsoft could be. I believe that one of the things we have accepted is a way from apple i listened to the great report on jamf, the new ipo from carl and jon. You have apple news that its doing very well, and that was, and then microsoft, and then we have this chasm before a lot of other companies. We feel that kind of covers everything microsoft does a lot of stayathome microsoft has the lawsuit filed against thoem against slack but most important, microsofts azure has been growing endlessly and fabulously a lot of people think faster than Microsoft Web services. If that continues, i think the stock goes higher. Pete, if this report comes in well, people will say thats why all that money had flown into tech to begin with thats why the mark is where it is if this number doesnt come up to snuff, people will say i told you, these stocks went too far too fast, and microsoft is case study nu
We compete hard. We compete fairly. We try to be the best. Our goal is the best, not the most. We dont have a dominant share in any market or product category where we do business. Competition leads to better products and more choices for everyone. Emily but lawmakers coming out swinging. The ceo struggling to get their answers in. Jeff bezos of amazon having trouble getting some words in edgewise. Didnt have monopoly power over the sellers, do you think they would choose to stay in a relationship characterized by bullying, fear, and panic . With all respect, congresswoman, i do not accept the premise of your question. Does amazon pursue similar predatory campaigns in other parts of its business . I cannot comment on that because i dont remember it. Heres how the company described working with amazon. Amazon strings you along for a while because it feels so good to get that paycheck every week and in the past, we called it, heroin. This is one of your partners. Why would they compare y
But essentially, monopolies and Financial Institutions that facilitate that monopolization across the country and thats what we are focused on. We have special concerns about the power of Big Technology platforms but in general we think that a lot of the economic and social problems that we are experiencing in this country today can trace back or be exact exacerbated by the dramatic outsized levels of Corporate Power that exists in our economy today. Host how did you come to that view . Guest we looked around at the world essentially. If you look at markets. If you look at Market Structure you will find that whether it is large markets like media, telecom, healthcare, online retail, amazon for example, or even small markets like Peanut Butter and cheerleading and watch components and software you have seen that over and over a handful of businesses and handful of corporations have rolled up those markets and essentially act as governing agents for other actors in that market. Host isnt