Answer. First of all of mr. Keen what is the question . Guest the question is what should be operating system be in our country the commerce economy. Host why is the internet not the answer . Guest the internet is not the answer at the moment. Its not the answer because in effect its not working currently. Its lending itself to undermining jobs. Its compounding the inequality of our economic life. Its creating new massive monopolies that were unimaginable in the 20th and 19th centuries and it has created this economy in which we have all been, all Internet Users have been turned into products. You and i have been packaged up. We have become the product like a big hitchcock movie. Host what you write in your book is that Silicon Valley in 2014 has all the social and economic hierarchies of 1914 without any of the social constraints of the old aristocracy. Guest yeah i think thats a really interesting point. Its an interesting point in the sense that the old aristocracy had a sense of ob
Answer. First of all of mr. Keen what is the question . Guest the question is what should be operating system be in our country the commerce economy. Host why is the internet not the answer . Guest the internet is not the answer at the moment. Its not the answer because in effect its not working currently. Its lending itself to undermining jobs. Its compounding the inequality of our economic life. Its creating new massive monopolies that were unimaginable in the 20th and 19th centuries and it has created this economy in which we have all been, all Internet Users have been turned into products. You and i have been packaged up. We have become the product like a big hitchcock movie. Host what you write in your book is that Silicon Valley in 2014 has all the social and economic hierarchies of 1914 without any of the social constraints of the old aristocracy. Guest yeah i think thats a really interesting point. Its an interesting point in the sense that the old aristocracy had a sense of ob
He wants four more years of obama and no one else does. The Associated Press sites two officials saying that political opponents are speaking out against brexit. John major and tony blair warned leaving the European Union could jeopardize the unity of the u. K. And threaten peace in northern ireland. Global news 24 hours a day powered by our 2400 journalists in more than 150 news bureaus around the world. Bloomberg west is next. Emily i am emily chang and this is bloomberg west. The rise of the machine. A robot revolution is headed towards us and tech will replace 80 of what doctors do. We will have a series on man versus machine. Uber switches gears after announcing it had no plans in the pipeline to offer scheduled rides. They can now book 30 days in advance. Larry page prepares for takeoff. The lid is off the googles cofounders pet project. We have the details of his flying car. To our lead. Technology will replace up to 80 of physicians, what physicians do in the near future. This
Global news 24 hours a day powered by our 2400 journalists in more than 150 news bureaus around the world. You can find more stories on the bloomberg at top. Bloomberg west is next. Emily i am emily chang and this. The rise ofwest the machine. A robot revolution is headed towards us and tech will replace 80 of what doctors do. We will have a series on man versus machine. Uber switches gears after announcing it had no plans in the pipeline to offer scheduled rides. They can now book 30 days in advance. Prepares for takeoff. The lid is off the googles cofounders pet project. We have the details of his flying car. To our lead. Replace up tol 80 of physicians, what physicians do in the near future. This is according to billionaire investor the note coast of. And cofounder of sun microsystems. I sat down with him at the future mobile conference earlier today for an exclusive interview and asked him to explain that prediction. Vinod i wrote in 2014 a blog. It basically said more than 50 of a
Tonight everybody just have a good time very good morning and warm welcome to Worldwide Exchange on cnbc im wilfred frost alongside seema mody. Also joining us for the next hour, ron. Great to be with you all. Lets get you up to speed on the markets movements. Yesterday we were higher but only slightly by a quarter or half a percent for the nasdaq. Were just losing about that amount this morning. The dow called lower by 72. The nasdaq by 30. The s p by 11. Although we are down at the moment we are still up for the week. Sorry slightly down yesterday. Got it wrong. Slightly down yesterday but all three are still up for the week as a whole. Lets have a look at the bond market. As well the 10 year treasury note has seen significant yield compression in the last week or so. We are near the lows as you can see from the chart. 1. 67. One of the key drivers though is bonds elsewhere. And well get to that. Currencies and commodities are a big overall Market Drivers right now. Take a look at th