Cfo about why all the m a is going on and how billionsof dollars vanished in hollywood as the screening giant shuts down completely it is thursday, october 22, and this is Worldwide Exchange. I think video killed the video star, answer that the anyway, welcome from wherever in the world you may be watching. Thank you for joining us well get to that squibby story in a few minutes but right now here is how the Global Markets are setting up their day. Stock market, well call them done to maybe flat nasdaq a little bit in the green, all this after stocks closed down yesterday, dow slipping 100 Investors Holding out hope for a stimulus deal and also starting to worry more about the election more on that in a few minutes. Major indexes all on pace to snap their multiweek win streaks. Nasdaq down slightly more. And today well get jobless claims number out at 8 30 as they always are on a thursday. For the first Time Applications may be coming in at 875,000 like they did in the latest week. Las
Unemployment and he did not talk about a payroll tax cut. We know many top gop senators are not big fans but lindsey graham, a republican close to the president said he had dinner with the president last night where they discussed the tax cut and that he will be fully supporting it. He did not make those top line priorities that mcconnell laid out this morning is it fair at this early stage to argue that for mcconnell the red line is liabilities protections . That is right, i should have mentioned that as well, carl he said that is essential that businesses and schools can open up safely and any gains that the economy sees is not eaten up by trial lawyers putting ft. Worth frivolous lawsuits that remains critical to republicans as well even as they start those conversations. Both among themselves and with democrats about what should be in the next round. Thank you our next guest has been busy in the last couple days not the least of which was his call on amazon the lead internet analys
Minute. As we talk about restaurants in reopening thats on the horizon, mike and gasia, i cant help but think i need to get my fitness game in order and ive been eating a little off schedule here if you know what i mean. Make mrs. The gym. Garcia are you making any preparations at all to get back to it, so to speak . Yes. I put on real pants for the first time in a month, the kind with a support and a button. They fit. Was i happy before we went into it, i wasnt. However this crisis has taught me to focus on things that are truly important. Not the 10 pounds i wish i could lose and what i do get to see i dont think i will look significantly different. Its just hair and its a little extra weight. Ive eased up on myself and i feel better. Mike, how about you . I miss the gym and throwing up 185 on the bench. I miss all that. Its the exaggerating . I dont know. No, i am not exaggerating. I miss that time during my push ups and situps here at home and every now and then i am still doing a
Tyson foods j. B. S. Foods and smithfield actually encouraged workers even if youre sick you still have to come in were a vital part of the economy a vital part of the food chain they said so even if youre sick if youre showing symptoms we still want you to come in one employee described it as unless you were in a casket they expected you to show up to work the next yeah it was their call of their work their their work while sick policy they actually had a policy that work while sick policy you know i cant i cant avoid the irony here this is crazy smithfield as you know the biggest meat packer in the maybe in the world is owned by the chinese doing business right here in the United States so smithfield probably had some of the worst policies across the board and smithfield of all of them had every reason to know very early some was getting a hat good red happen but they provided no masks they provided no gloves. They have no separation because they just i guess they look at these peopl
Contains on a timely subject that the height of stocks of amazon and google and others and with a broad scope why this book and why now . Thank you for having me by the way. I started this book in 2017. I had just taken a job as a columnist the mandate was to figure out the World Biggest business in opinion form which is a rather large mandate and in order to narrow the funnel, started to look through corporate numbers i saw how well they transition from the Financial Sector to the Technology Sector since a great financial crisis and one number that stuck out was looking at how 80 percent of corporate wealth was being held than 10 percent of the firms. Those were the richest in personal data and intellectual property. You are holding the majority of the worlds corporate wealth and the majority of those are that i profile in the book. Netflix and google. Host there are some overlap like facebook and google with Digital Advertising and apple has shunned advertising and technology. Huber