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
Now, i cant get over it. Welcome, everybody. Hope you had a wonderful thanksgiving. Im neil cavuto. This is coast to coast. Were concentrating on the last day of trading for the month of november. Ion with the shellacking the Dow Jones Industrials is getting right now it is still looking at one of the better months weve seen in quite a few years. As a matter of fact, at the rate were going unless we really tumble out much bed here the strongest month since january 1987. Ignore what happened hater in that particular year. But for now were putting a capper on what is incredible comeback month included a surprising, legally infighting president ial election, pandemic spiking cases all over the the world. Yet with a comeback to put agrees on grease on the skids. Were getting growing indications this will be impressive run. Usually when you have a strong november you have a strong december. You put a capper on the year as a whole. A lot notwithstanding on optimism were competing for vaccine
Good morning welcome to squawk box. Im becky quick along with yoe kernen and mike santoli. Andrew is off today. Well start things off with the stock futures after some positive vaccine news drove the dow and s p 500 to record highs. Dow giving back some of that ground, down by about 100 point, but remember how far they have marched for the last three weeks. S p is indicated down by about 14 points and then the nasdaq is indicated up by about 12 points. We do have some breaking news from amazon and better that coocoo Bertha Coombs ohas that story they are launching a full Online Pharmacy building on its acquisition of pill pack the new pharmacy is innetwork with major insurers and medicare and patients can pay for their prescription copays with funds from their Health Savings accounts just like they were at any pharmacy and they can confer with pharmacists online or over the phone about their prescriptions. Prime members get free two day shipping, patients who needs meds right away with
13 days out to the election. Weve got lots in this hour. Wendy schiller of Brown University will join us on the changing political landscape. There is Market Movement today. We will talk equities in a moment with james bevan. I love his work on a more longterm perspective. Lets go shortterm. Where in the bond market argue focused . Jonathan long end, of course. Front end anchored, a bit of a snooze. And youre starting to break out a bit over the last 24 hours, just north of 80 basis points. Just around 95 was the intraday high in june. We have not reclaimed that level. Whenever we see a price move like this, it is a bit more fuel for the reflation narrative. It is price first, narrative second. Tom i saw just a little bit breaking out to higher inflation. What is the significance of the vanilla spread, the difference between the 10 year and the twoyear yield, back to march of 2018 . Jonathan jonathan steeper, and the five year versus the 30 year, also steeper. I think weve got to get m