Period, the nasdaq has more than doubled, up 115 in that time, carl, and it really tells you how important technology, and particularly those large caps, have become to this market and just how much they have surged this year as we see a Digital Transformation amid the pandemic. Thats a great point. And jon, were going to continue to look for names that are going to perform well, no matter what kind of reopening or reclosing environment were in amazon, one of the top leaders, but so is zoom on teleconferencing and in tuit on payments and those are the markets well be paying attention to. Tech investors have a lot to be thankful for this year in a tough year overall for the world. Lets talk more about the need em Portfolio Manager and chief investment strategist. Guys, good morning brian, where are we now with kind of rationalizing and strategizing around the tech trade, given how far so many of these trends have run . I think some of these trends existed before the pandemic and have be
8 up. A bit of a conundrum, it weaker than anticipated growth number when weve got Industrial Production and retail sales beating what was going on. Graphically, there you go. Retail sales, 3. 3 to the upside and that is what has been going on in aggregate. A mixed bag, a miss on the headline gdp but certainly a beat for Industrial Production and retail sales. Yeah, the topline picture is that China Remains the only major economy that is recovering at a pace like this but nonetheless, yeartodate, growth around 0. 7 . Year, beginning of the officials had hoped to get around 6 growth for 2020. Nonetheless, the fact retail sales came in well above the estimates will for economists who say we should see a broader economic recovery in china fueled by infrastructure. Straight cap to the pandemic, there would be focus on whether or not the consumer would step up and the numbers suggest that is happening. Ubss headore from of asia economics and achieve china economist. Always great to get your
Mediterranean on rubber boats to italy where authorities are warning of that the situation could get out of hand. Those who make it to italy are desperate to find ways to earn money and many end up as farm workers on tomato or lemon plantations but they have no rights and for years theyve been toiling away for countless hours and for a minimum pay these workers are called the invisibles and by now there are hundreds of thousands of them reasons name and you alone was introduced to improve their lives but the law is having little effect as our italy correspondent found out he traveled to the southern part of the country mm to the region of muscle known as italys a bread basket there he met some of the migrants. Somewhere in the middle of nowhere among the vast wheat fields of southern italy we meet them on a chain who found shade under the pines the 30 year old from booking a fossil is a Harvest Worker without a residence permit and with limited prospects the only she didnt require ive
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Their journey across the sea and from to news yet thousands have already crossed the mediterranean on rubber boats to italy where authorities are warning that the situation could get out of hand. Those who make it to italy are desperate to find ways to earn money many end up as farm workers on tomato or lemon plantations but they have no rights and for years theyve been toiling away for countless hours and for a minimum pay these workers are called the invisibles and by now and there are hundreds of thousands of them we send same and you alone was introduced to improve their lives but the law is having little effect as are italy correspondent found out he traveled to the southern part of the country to the region of the. Known as italys a breadbasket there he met some of the migrants. Somewhere in the middle of nowhere among the vast wheat fields of southern italy we meet them on a chain who found shade under the pilots the 30 year old from booking a fossil is a Harvest Worker without