Cities krs the u. S. From the urban institute this runs an hour. Were about to hear some very good Economic News after recordbreaking declines in economical activity in the Second Quarter of 2020, well be see eyepopping consensus, 25 growth in the third quarter. We should not lose sight of what that means for people who are still struggling and the fact that we still have a deep hole to climb out of. Much has been written about the kshape recovery. Workers at the low end of the distribution who dont have options to work from home and for whom federal help has already been paid in a way. Weve seen who will owedout downtowns with fewer workers coming in, buying lattes. What does that mean for city revenues . One estimate suggests its in highrent zip codes, highrent districts, employment is still at 45 of precovid levels. So we are about to explore these things today. We also have a blog my colleague and i have a black about what this means for cities and each industrys mix and, of course
Lot going on as stuart did tell you that whole hearing where the tech giants will gather virtually at least. It is parked back maybe half an hour. I was doing back of the napkin guesstimating on their wealth. That is on, i think is worth about 180 billion. Our Charlie Brady follows this thing would know to the penny. I think it is roughly about that. Mark zuckerberg facebook, close to 90 billion, close to 2 billion, tim cook of apple, thanks to appreciation of that stock, he is at around 2 billion. So lets say you were to add all of this. These are numbers. I added it all up. That is 272 billion collectively. These are among the richest men on the planet, particularly when it comes to bezos and zuckerberg. But putting companies combined market cap at north of 5 trillion. If you were to add microsoft to that bunch, microsoft will not be part of this hearing. They represent the five most valuable companies in the world. Isnt that amazing . Youre welcome america. We have this delay. We ha
News. It was down 3 . And remember this follows 3. 5 earlier in the week. The shanghai was down half a percent. We had a boj viewing party last night. You didnt make it. You look tired. We ordered sushi and got some red bull. Just to, you know, full effect. You are trending on start saying sushi and stuff like that. I dont want to get too stereotypical here. Well, you know. It is a safe zone. Since when . Im with becky. Since when. Lets look at the futures, they are indicated lower follows the first five day losing streak since february. When did you come one that though . That borders on a shtick for you this morning. A stick . You told me i wasnt allowed to use yiddish. So the mid western version of stick. I was up we had a viewing party. Lie. Coming one things now. Try good. Youre doing a stick. Because you i dont you really didnt stay up. No see, you aric making that up and you are going for a laugh. Ive learned a lot. Because i was going to pull away. You could get me. U. S. Stock
You. [ laughter ] [ applause ] saturday night at 8 30 eastern an indepth look at policing in minority communities. Speakers include former st. Louis Police Officer hudson, the Atlantic City coates and washington, d. C. Police chief kathy lanier. Most people get defensive if they feel youre being offensive. So being very respectful, you know, encounters and request, if its not a crisis, its not a dangerous situation request versus demands, those things change the dynamics a little bit. Sunday afternoon at 2 00, race and the criminal Justice System with white house Senior Adviser Valerie Jarrett and others. Then at 6 30 portions of this years washington ideas festival. Speakers include virginia senator mark warner, former Vice President al gore and author ann marie slaughter. We have to banish the word hes helping at home. Right. Helping is not actually taking the burden off you. You are still figures out what needs to be done. And you are asking him to help. Hes not the agent. Right. He
We need to determine what that means but undue influence and so the number of abi or sanctioned or approved brands on sale to abi theres a similar deal not exactly as i understand it paid advertisement but quote unquote a deal with large music and theyre almost 100 abi products and thats one that i view as being investigated out that way. Mr. Purser, do you have anything to respond to that . I think in terms of supply thats an important issue and i would like to bring to the attention of this committee supplies. First, this deal will have no impact in the u. S. Business and, therefore, no impact on the amount of supplies procured today. In hops we purchased 8 of the hops in the u. S. We manufactured some but in the open market we purchased 12 of the cans available in the marketplace. We placed 25 of the barley available in the marketplace and all those figures will remain the same pre and post transaction. Bottles, we purchased 27 of whats out there. So thats all those numbers will rem