Least. Day two of the Goldman Sachs global macroeconomic conference and goldmans chief equity strategist. We have breaking news out of south korea and Fourth Quarter g. D. P. Numbers. This is much faster than what was expected and fastest pace since the Third Quarter of 2017. These are the preliminary numbers for the Fourth Quarter. The south s also korean economy expanding 2 meeting the bank of korea projections and have seen growth in Household Spending and gains and Consumer Confidence and a lot of it supported by the south korean with their budget being passed in august and seeing a growth of 1. 2 , which would be the fastest pace since the Third Quarter of 2017 and for that 2019 growth of 2 which is atching. Lets look at what it is setting up. We had reaction across asian markets which led to the european session in declines and the u. S. As well as account of the news of the spreading china case. Avirus and one and not much of a rebound. Futures are looking pretty soft and we are
war plans against iran, with people who were at his golf club in new jersey two years ago. we re going to have expert legal analysis on this seemingly damning piece of evidence in just a moment. it comes as the justice department will meet this week with someone who stood up against trump s efforts to overturn the 2020 election. trump s lawyers are also busy in new york trying to get the ex-president s hush money case moved to federal court. we ll have the latest on that. we ll also get a live report from moscow for an update on that revolt against russian president vladimir putin. good morning and welcome to morning joe. it is tuesday, june 27th. joe is on assignment, but willie is back. with us, we have the host of way too early, white house bureau chief at politico, jonathan lemire. former press secretary and now msnbc host, jen psaki. founder of the conservative website the bulwark, charlie sykes. a lot going on in politics, willie, but this audio tape, of course,
Nearly six weeks after the union began a walkout. And Morgan Stanley says it has its new future leader. Dont miss a first on cnbc interview with ted pick and current chief executive james gorman lets begin with the nasdaq which is set to fall deeper into correction territory the ndx coming off the worst day of the year. Now down 11 from the july highs. It looks like the mega caps are catching up to the decline of Everything Else i think theres an overwhelming sense that they all went too far. That they all got overvalued i do not share that. Well get to meta. These are not ultra expensive stocks, theyre a couple turns in pe. Theyve become major sources of fund i think its more correlated with the bond market than earnings yes, google did not tell a good story, it wasnt like they missed big meta, otherthan a few lines that were about meaningful spending, meaningful hiring and also obviously difficult to advertise when you have a wash, it was quite good. Now, the stock is down literally
Setting up a data center is very cost intensive. As a general rule of thumb, it costs between 61100. 00 per square foot, or 7000000. 00 to 12000000. 00 per megawatt of commission. I to load to build a data center. First, theres the cost of land and the building shell, which is between 15 to 20 percent. Then there are the Electrical Systems which have to run 247 and have backup generators, batteries an Uninterruptible Power supply. This will be approximately 40 to 45 percent of the total cost. Then you need Network Connectivity where one mile of fiber optic connection may cost as much as 250000. 00. Then you have h back and cooling systems to chill the units, which will be another 15 to 20 percent of the total cost. And finally, there is the building out that which includes the standard lobby, shipping and receiving area, which will be 20 to 25 percent of the project budget. In total, a data center of the size that facebook or google might use would cost around 500000000. 00. Microsoft
Data communications, connections and environmental controls, and various other security devices. Companies primarily use the cloud in order to reduce the total cost of ownership, have quicker delivery and better prospects for innovation. The cloud has been the foundation of the Digital Transformation and allows for flexible digital work places and remote work. But the cloud is actually built on top of these data centers. Northern virginia in the United States is the Worlds Largest Data Center Market. But india is quickly becoming the Global Destination for setting up new data centers, due to lower costs, cheaper labor and tax incentives for now, setting up a data center is very cost intensive. As a general rule of thumb, it costs between 61100. 00 per square foot, or 7000000. 00 to 12000000. 00 per megawatt of commission. I to load to build a data center. First, theres the cost of land in the building shell, which is between 15 to 20 percent. Then there are the Electrical Systems which