The Incoming Biden Administration i thought we should begin with kind of the big picture that you lay out in the book when people hear the title they might say of course. I think many people may not fully understand. Taking the time to talk about this book and thank you to cspan for having me here to talk about it as well. That isnt a surprise for anyone but what has been happening over the last several decades is our economy has been highly concentrated and theres been consolidation on an ongoing basis in every sector of the economy so we hear a lot about but not only are we talking about food or agriculture in the industry you will have a monopoly problem and im also talking about the duopoly is there are harms that flow from this that i want to highlight to help them understand what it means for their everyday life and how it affects them. As you write about, it is the Cable Service and industries. Can you talk about how we got to this point you sort of explain in the book that ther
Sally hubbard thank you for coming on to discuss monopolies suck it is timely because the issue you write about in the book with us economy and the impact on workers and citizens is a hot topic at the moment with policymaking right now and it could play a big and the Incoming Biden Administration so i thought we should look at the big picture you lay out in the book when people hear the title no one likes monopolies are dealing with monopolies but really this book is about a bigger issue that the economy people may not fully understand. s so can you set the scene and describe what you see happening . Thank you for taking the time to talk out the book in cspan2 have me talk about it as well. We all knowonopolies suck. Thats not a surprise to anyone but what has been happening the last several decades is t economy is getting highly concentrated with consolidation that leads to every major sectoof the economy. We hear about whether techr food in the industry all have monopoly problems tal
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 cspan for having here to talk about it as well. We all know mon
Deck and while we await another fed decision, that is there on wednesday at 2 00 p. M. Lets bring in jack ablin, crescent capitals Founding Partner and cio. Lets start with earnings, why dont we which ones will you be looking at most closely . And if corporate earnings are coming down as many predicted, why is the market going up im scratching my head with that one too, tyler. Yeah so i want to look at tech earnings tech is really the only sector thats expected to be up year over year. I think Consensus Forecast has about 12. 2 Earnings Growth for the tech sector in the s p 500 meanwhile, the s p overall is expected to be down about 10 . So clearly its the tech sector that im watching to see if it not just can deliver on expectations but really needs to exceed expectations in order to justify the values that they currently have so how do you explain the markets performance during this very nice month of july so far is it as simple as, well, if you look at the s p 500 its capitalization
Deck and while we await another fed decision, that is there on wednesday at 2 00 p. M. Lets bring in jack ablin, crescent capitals Founding Partner and cio. Lets start with earnings, why dont we which ones will you be looking at most closely . And if corporate earnings are coming down as many predicted, why is the market going up im scratching my head with that one too, tyler. Yeah so i want to look at tech earnings tech is really the only sector thats expected to be up year over year. I think Consensus Forecast has about 12. 2 Earnings Growth for the tech sector in the s p 500 meanwhile, the s p overall is expected to be down about 10 . So clearly its the tech sector that im watching to see if it not just can deliver on expectations but really needs to exceed expectations in order to justify the values that they currently have so how do you explain the markets performance during this very nice month of july so far is it as simple as, well, if you look at the s p 500 its capitalization