Some ople asking if amazon is a monopoly. The question for the democracy is, are we okay with one company essentially winning capitali . How do you and jeff think about the call to break you guys up . Simply because the companys beenes suul doesnt mean its somehow too big. Narrator now on frontline. Domination was very much the idea. Narrator amazon empire. Frontline is made possible by contributions to your pbs station from viewers like you. Thank you. And by the corporationor public broadcasting. Major support is provided by the john d. And catherine t. Macarthur foundation, committed to building a more just, verdant and peaceful world. T and Ford Foundation working with visionaries on the frontlines of social change worldwide. Additional support is provided by the abrams foundation, committed to excellence in journalism. The park foundation, dedicated to heighteublic awareness of critical issues. The john and helen glener family trust. Supporting trustworthy journalism that informs
The tools are not what i call battle tested. A some peopleing if amazon is a monopoly. The question for the democracy is, arwe okay with one company essentially winning capitalism . Jeff think about e call to break you guys up . Simply because the companys been successful doesnt mean its somehow too big. Narrator now on frontline. Na domion was very much the narrator amazon empire. Frontline is made possiblby contributions to your pbs station from viewers like you. Thank you. And the corporation for public broadcasting. Major support is provided by thn john dcatherine t. Macarthur foundation, committed to building a more just, verdant and peaceful world. And by the Ford Foundation n working with visionariese frontlines of social change worldwide. Additional support is provided by the abrams undation, committed to excellence in journalism. The park foundation,ca ded to heightening Public Awareness of critical issues. The hn and Helen Glessner family trust. Supporting trustworthy journal
Previous peak on february 19th and all i heard is its because were having a v shaped recovery wrong, wrong, wrong. Not just wrong but laughable in a v shaped recovery the Dow Jones Industrial average would be hitting highs but this move is led by the nasdaq and s p including today the dow lost 67 points as the s p advanced 2. 3 , the nasdaq gained 7. 3 you dont need to be a Rocket Scientist to figure this out look at the stocks that have brought us to these levels they are not the recovery plays. In fact, they are the opposite they are stocks that tend to do well because of what we call secular considerations, not secular like nonreligious but secular as in they are doing well because of trends in their own industries, not the economy. Far from it. Allow me to explain. We had a magnificent v shaped recovery in the stock market, but the stock market is not a great reflection of the voter economy anymore. If anything, the actual economy is in precarious shape now that the government stim
Record close of 2020 i talked yesterday about the stunning market cap gains this year for some names like amazon which has added 674 billion in market cap this year is it out of hand . Is this too much i think its a little too much maybe thats why youre coming to me first. You know i might be a little provocative here and say you can trim this doesnt have to be a digital on off decision of youre all in or all out of tech obviously, tech has fundamental business tail winds propelling the stocks higher. The top five stocks in the s p 500 are 23 . Unless youre used to running a 20 stock portfolio, which most people arent, that means the names are over weight. If you trim them and take two Percentage Points off and bring them down to four Percentage Points, now youre running a 25stock portfolio and youve taken 4 points out of the tech area, you can put it into whether ever you want. You can put it in health care which is on fire Energy Stocks are rolling today. Its okay to say things are h
Milestone in the struggle to recover from a pandemic economy expanded by 3. 2 percent year on year than experts predicted it raises hopes of a rapid recovery elsewhere in the world while factories are ramping up again one sector is still struggling retail sales in china have continued to shrink. Correspondent in taipei so if Government Spending drove the recovery youre right actually the rising. Was helped by very strong and thus trio production and its very much a story of government led to assume a lez recovery so if we look at this Recovery Plan we know a chinese date has increased the amount of money bed local governments can borrow on their Infrastructure Projects so a rise and construction help chinese economy but if we look at other sectors for example in investment and consumption they asked you a week. When European Central Bank Officials meet in frankfurt today president cristina got to face questions on whether she has done enough to return europes economy to health one area