High just days after sinking to near 16,000. One market watcher says he knows a bubble when he sees one. And what starbucks is doing to support frontline workers for the entire month feel good trending story of the day on this tuesday, december 1, and this is worldwide exchange. Welcome from wherever in the world you may be watching. Thanks for joining us on this tuesday. And welcome to december. After 42 months this year, we made it. And here is how your money looks. Stock futures are in the green not by a lot, but they are higher nonetheless you know what . I stand this is the kind of time where you like being wrong. You look at the futures literally, i dont know, ten minutes ago, 15 minutes ago and they werent doing that much now you have an implied open up 350. Wow. Remember people roll in in the mornings futures, i dont want to say they are worthless, but they do evolve as the morning goes on as more traders in the u. S. I would say get into their offices but now i would say just
The Incoming Biden Administration i thought we should begin with kind of the big picture that you lay out in the book when people hear the title they might say of course. I think many people may not fully understand. Taking the time to talk about this book and thank you to cspan for having me here to talk about it as well. That isnt a surprise for anyone but what has been happening over the last several decades is our economy has been highly concentrated and theres been consolidation on an ongoing basis in every sector of the economy so we hear a lot about but not only are we talking about food or agriculture in the industry you will have a monopoly problem and im also talking about the duopoly is there are harms that flow from this that i want to highlight to help them understand what it means for their everyday life and how it affects them. As you write about, it is the Cable Service and industries. Can you talk about how we got to this point you sort of explain in the book that ther
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
And your comments a moment ago to andrew, just sort of crystallize, not just what a job shes done, but how companies are placing their bets on looking through cycles, even though were a week away from an election and in the middle of a pandemic. You have somebody the quality of lease why isa su, best ceo i country, nonpromotional, re competitive thought this was maxed out. Youre in the personal computer and data center, it is not good enough she saw what happened to intel i dont say that with any prejudice. Just that she left intel behind. She is in the data center, who is she who are her clients . Azure, google, and, of course, amazon but it is time she feels it is time to branch out into auto, time to branch out into defense into telco when you look at xilinx, what youre seeing is a mosaic where there is some overlap in data center, but the rest is an attempt to say, you know what, we need a bigger total Addressable Market we have to outgrow our markets right now. And i think it is a
Costs for them the russians want to do it because it means profits and money for them great so 2 countries agree on this and the United States decides no we cant have this because they claim that this would somehow in danger to the Energy Independence of germany it would endanger europe in fact by pompei of the secretary of state is using this act essentially called the peace other protecting Europes Energy Security act of 2019 to justify why the u. S. Is placing same sions on germany and russia in order to try to block this pipeline as you said they already stopped a Swiss Company from being involved in it who quit the project with a very small amount left 93 percent of this pipeline is now constructed but the u. S. Doesnt want to leave it alone they want to stay involved and they want to literally force their will on these 2 sovereign nations who should have the right and the sovereignty to be able to say we want to be able to pursue this pipeline its in our best interest and the u.