Good morning, it is 8 00 a. M. At apple park in coopertino it is 11 00 a. M. On wall street, and squawk alley is live. Good Tuesday Morning welcome to squawk alley. Im jon fortt. Were going to kick things off with apple, just under two hours away from a big event this afternoon where we expect to see a new ipad and a new apple watch. I argue this is the most important launch for those products since their debut why . The environment that were for the ipad it is all about covid productivity people are trying to buy devices for work from home and school from home. They are trying to extend their lead on the tablet space and what about the watch its all about Health Monitoring as people work out from home and now look for additional tools to monitor their vitals during covid. Apple might provide the knockout punch and make things like googles proposed deal for fit bit irrelevant if it was a fortune 500 company, that would have put the ie had alo alone ahead. One star of the show today cou
Change his mind about approval. Latery powell will say that the u. S. Economy is improving, but has a long way to go before fully recovering from the virus. The st. Louisrom fed president this hour. Haidi investors are waiting to hear from fed chair powell. But we know the gist of what he is likely to say given that the commentary has been around how recovery will be, managing expectations. The recent fairly positive data points we have gotten. S p active futures after the session overnight really erasing some of those earlier losses as well. Some of the gains we have seen trading flat at the moment. U. S. Stocks fell. Could have been worse if not for that rebound in tech shares stemming the losses. It did get close to that threshold to be considered a market correction. 0. 1 ires down by should say by 1 at the moment. Japanese markets are closed for a second day this week for the autumn equinox holiday. ,ydney futures down by 1 trading in new zealand down by 0. 1 . Victoria has come o
Been grappling with global interconnectedness for as long as weve been a species this book starts from our ancient past indeed our 1st migrations out of africa as modern human beings and takes us through how technological advances in agriculture in writing with alphabets in ocean navigation with the steam engine and now in our time with the digital age have reshaped this interconnectedness its quite a story of course it is the the history of humanity because we are globally interconnected in fundamental ways whether we have nationalism or not we cant help but having this interconnectedness of course a days before this book was being finalised came the pandemic a so i you quickly scrambled with a preface at the beginning to say well this is quite horrific its not the 1st time pandemics themselves have reshaped our lives as well they are also emblematic of globalisation you know we have government advisers on this show sometimes quite a quite a few but we dont have people who advised mor
A preface at the beginning to say well this is quite horrific its not the 1st time pandemics themselves have reshaped our lives as well they are also emblematic of globalization you know we have government advisers on this show sometimes quite a quite a few but we dont have people who advised more than 140 countries around the world to learn u. N. Secretary general is the big question about the pandemic of course is what is your advice to rich and poor countries grappling with a recession a depression maybe the worst in centuries my advice always which politicians dont like turn is for us to understand the situation and look around at whos doing well because in this pandemic there are a few countries that have got good under control chinas one of them. A korea to a large extent Australia New Zealand vietnam among poor countries lot b. T. R. Cambodia really amazing quite poor countries have beaten this virus down and then the United States out of control brazil out of control and so if
Afshin rattansi were going underground or whats supposed to be week 2 of julie the songes london trial from the country with one of the highest coronavirus death rates on earth coming up in the show with nato nations panicking over a Global Economic catastrophe amidst a pandemic and Climate Crisis where the Global Economy ever recover after millions of lost their jobs since the start of the 1st covidien used lockdown could coronavirus mean the end of capitalism and globalization as we know it and are our politicians really fit for purpose joining me now from new york city is the author of the ages of globalization Geography Technology and institutions and director of the Sustainable Development Solution Network professor Jeffrey Sachs of the center for Sustainable Development at Columbia University thank you so much jeffrey for coming on before i even get to the book in the past few days theres been a story that will go and did on arguably 13000 refugees on the island of les was in gre