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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 c ....
Market, that is the title. Retail earnings rolling out this morning. Economic data showing customers are slowing their spending. October retail sales data shows the slowest growth in about six month. Joining us to break it down is michael mckee, Bloomberg Economic and policy correspondent. Michael we call it getting whacked upside the head here in the colonies. In april, just a 0. 3 gain for the month of october, down from 1. 6 in the month of october, with the pendant was at its worst in april. Only five of 13 categories rose last month, compared with 11 of 13 in the prior month. October andm november seems to be getting worse. Jp morgan economists report that chase card spending has fallen notably in the first part of this month. It is, as they say, really dropping off,. That suggests a weaker month ahead. Who knows what will happen with black friday, if anybody cares about that anymore, but it is a clear americans are cutti ....
Bookstore. We celebrated 51 years this year. Would like to thank all of our supporters, the supporters of Scott Anderson and julian sank ten. The output of luck for bookstor bookstore. We have adapted to the Current Situation had to adapt again. So we are bring you the things you love the most about books through these Virtual Events but were also offering Curbside Pickup which is scheduled to resume this coming saturday. You can order scotts book and pick it up starting again on saturday. Or, if you are anywhere in the country you can have it mailed to you. We offer a variety of mailing options. And we can get the book in the mail to you wherever you are. We are happy to be able to bring our events theories virtual. It advances our way to expand our mind and ma ....
Stuff, visit us before i introduce our guest at our moderators i want to give you a few quick housekeeping notes about using crowd deaths which you might not have used before. The event is recorded so you can watch it if you stay for part of tonights final talk because your water was boiling or you want to share with a friend it will be right here as well is on our facebook page. Second of all there is this lovely chat window open on the bottom of your screen, Say Something nice, please do. Type in, say hi, telling us where you are coming from all over the place it appears, and it almost goes without saying, please keep respectful and we will reserve the right to reserve anyone who doesnt it here to that standard which im sure will be unnecessary. And right next to that little chat box at the bottom of your screen you see the word ask a question, type it in there, chat any questions for david and we will have time at the end of the ....