Your book is a world tour that begins in quincy washington my coauthor and i chose quincy washington because of the Data Center Capital the world its near the Columbia River are being built there because its close to hydroelectric power that is cheap and clean, we take the reader on a tour of what is becoming the infrastructure of the 21st century, the mammoth buildings, more than 20 of them filled with electrical generators, hundreds, thousands of batteries but of course mostly supercomputers, everything that we do, almost every day is actually accessing or storing our data in the cloud which is in one of the data centers. Your 100 of these and 20 countries is that correct. More than 20 countries, more than 100 data centers, microsoft is one of the largest but cavities like google, amazon, facebook, apple were all building more and more of these data centers, its were restoring our data they become among other things the Largest Consumer of electricity in the world. So if i send an em
Production next week. Now we dont know which ones are going to be built but we just know for boeing which has had rapid troubles over the past year and a half or so to say nothing of the virus shutdown here, but this is welcome news, certainly for the markets and of course the biggest advance today is Gilead Science drug that is showing promise, or could be effective against the coronavirus, its out there a number of other medical concerns that are also involved in the hunt for a vaccine or a treatment and there are a variety of them out there half a dozen is coming up here and i will explain a little bit later but its what gilead is doing thats getting a lot of attention as we stressed so many times here regardless of the stimulus around the virus, what will really move the markets and connell ly proven to be the case is progress on dealing with and or treating the virus so this gilead news is big news in need, Jackie Deangelis on that and much more. Jackie theres optimism in the mark
The sectors where you might want to hide out, each down by at least 4. 5 . Volumes down as well. Industrials, 106 above the industrial average in canada. Canadian stocks fell 10 on the day as the country recorded its first death from the coronavirus. Romaine european stocks flirting with the bear market. Of course, we had that big drop in crude. We know what sovereign bond yields are doing with the treasury yield. Scarlet everyone is looking for different technical levels, searching for any kind of hint. That is what Abigail Doolittle does so well. Abigail i want to start out with what stood out to me most. Capitulation, even though we are probably not close to a capitulation bottom. The dow transports in a bear market. Oil clearly in a bear market. The s p 500 down almost 19 . Hard to see the s p 500 not slip into a bear market. What the impact will be to the global economy. This is the chart that really, on this day, stands out the most the dow transports today did something it reall
Of your new book, tools and weapons . Its Digital Technology has become both a tool and a weapon. Its creating all kinds of benefits is challenges as well we have to grapple it both sides of that equation. Your book is a world tour that starts in quincy washington why quincy washington . We chose quincy washington because its one of the data center capitals of the world if you will its near the columbia river. Data centers are being built there because its close to hydroelectric power this both cheap and clean. We take the reader on a tour of if you will, what is really becoming the infrastructure of the 21st century. These mammoth buildings filled with generators, hundreds, thousands of batteries, but of course mostly server computers. Everything we do, almost every day is accessing or storing our data in the cloud is really one of these data centers. And you have 100 of these in 20 countries . More than 20 countries, more than 100 data centers. Microsoft is one of the largest but Com
In the United States and china are involved in a cold tech war and the winner dominates the 21st century. A decade ago beijing was not considered a contender but now it is a leader. The United States is behind in critical areas. Today we will talk about big data, ai, 5g and chinas challenge to the world. Congressman Cathy Mcmorris rodgers many people say there needs to be a whole of society mobilization on tax. The question is, isnt that serious . Do we need to do this . We absolutely need to win the future and winning the future means winning this race, this race with china right now. I would submit that we need to approach it the same way Ronald Reagan did when we seize the ussr and that is what with free markets and a Strong National defense. It is all related. In order for us to be a diplomatic power we have to be a military power and the military power you have to be an economic power so winning this race is critical to our future and to American Leadership and freedom loving peop