Geopolitical tensions not to mention the small matter of a looming election join me Steve Clemons in conversation with leading voices on the bottom line your weekly take on u. S. Politics and society on aljazeera. Hello im sam is a than this is counting the cost on aljazeera your weekly look at the world of business and economics this week economies opening up this by the pandemic as that head towards world war 2 levels could we see all stare at all stimulus and when is the right time to pay down debt as economies tank and job losses increase the nasdaq hits a record high the stock market is divorced from reality or are we seeing a tech divide between the profitable and loss making and the pandemic has been particularly devastating for Indigenous People across latin america we look at how they are fighting back. The fall brutal impact of the coronavirus pandemic was laid bare when britain became the 1st g 20 nation to release Economic Data in the 1st 4 months of the lockdown the econom
Justice reform, Opportunity Zones in funding to historically black colleges and universities. This ones a halfhour. Thank you very much. We are with friends of mine and members of the africanamerican community. We are going to be talking about law enforcement, education, business and various other things. As you know, tomorrow we are going to dallas and we are going to start our rallies back up now. We have had a tremendous run of rallies. I dont think theres been an empty seat since we came down the escalator. With the first lady, future first lady at that point, and its been an amazing thing to behold. We will be starting the rallies and the first one we believe will be probably in oklahoma, tulsa, oklahoma. A beautiful new venue and looking forward to it. Theyve done a great job with covid as you know, oklahoma. We will do a big one in florida and texas. We will be going to arizona, North Carolina. The governor is a little backward and a little bit behind, and unfortunately we are g
The s p is up. The pmi data driving the euro higher. You are seeing a little bit of a market, buthe bond its not a big one. Its not really reacting in the same way that the rest of the market is. We have some great guests lined up. Hour, up later on in the the former secretarygeneral of nato and former Prime Minister of denmark. We will get his take on whether europe is capable of standing up to china. He wrote an interesting piece today. We will get more on that. Alix to start focusing in on europe and the optimism from the positive pmi, mike mckee joins us now to dig through the details. Mike, what are the highlights . The question would be why better ko not doing is why is france not doing better . Measure howxes Companies Think this month is compared to last month. It doesnt tell us anything about the level of activity, but it does tell us there has been some sort of rebound, particularly in france. The french manufacturing numbers are over 50. The Service Numbers are over 50. And
Rallies. I dont think theres been an empty seat since we came down in the escalator, with the first lady. I was with the future first lady at that point, and its been an amazing thing to behold. The first one, were probably starting to call up, will be in oklahoma, in tulsa, oklahoma. A beautiful new venue, brand new and theyre looking forward to it. Theyve done a great job with covid as you know, in the state of oklahoma. Were coming into florida, a big one in florida, a big one in texas theyre all going to be big. Were going to arizona, to North Carolina, at the appropriate time and the governor is a little backward there, a little bit behind and unfortunately, were probably going to be having no choice, but to move the Republican Convention to another location. That will be announced shortly, but well have no choice. We wanted to stay in North Carolina very badly. We love it. Its a great state, a state i won. Many, many friends, many relatives, frankly, that live there and well see
Up for an eighth straight day. The mega cap tech names making the new milestones josh, the big five as we say amazon, apple, facebook, alphabet, microsoft all but alphabet hitting the new highs today crossing 6 trillion as you flag end market cap for the first time ever. They, amazingly, are now equal to the next 24 largest s p 500 stocks combined. You flag that. Yeah. What do you make of it . Yeah, so my research. We put this up last night. Just incredible when you think about the companies that make up that next 24 were not talking about small potatoes were talking about jpmorgan which is a 300 million cap and pepsi, coke, mcdonalds. Its really wild and these stocks now are just going parabolic. I think i want to maketwo points very quickly. The first is that this is not unprecedented. In the mid 1960s just two stocks General Motors and at t made up 14. 5 of the total market cap of the s p 500. And the top ten names in the mid 60s made up about 50 of the market cap so, we have seen t