Stuart Varney: America’s tech titans have jumped on the Trump train
During his “My Take,” Friday, “Varney & Co.” Host Stuart Varney celebrated his 15th anniversary on FOX Business by discussing the profound impact America’s tech companies have had on society.
STUART VARNEY: “Varney & Co.” has been on air for 15 years. One story stands out. Increasing dominance of American technology companies.
They are the crown jewels of American business, and we’ve followed their rise.
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Apple, Amazon, Microsoft, Google and Facebook. We just started calling them “Big Tech.” They were later joined by Nvidia and Tesla and became the “Magnificent Seven”.
They came to dominate the emerging digital age and everyone knew it. Money flowed into their stocks. They became trillion dollar companies. Everyone benefited.
Have you checked your 401(k)? Big Tech has made your retirement more enjoyable.
The Europeans, hopelessly outnumbered, were reduced to whining on the sidelines.
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They don’t have dynamic tech companies of their own, so they just fined our guys billions of dollars and pretended to impose some sort of economic justice.
China is strong, but if Trump denies them access to American technological ideas, they will have a hard time.
The growing wealth of American technology has translated into political power. They used to support the Democrats, but they saw the light.
They know a big change is coming and they’re along for the ride Trump train.
Jeff Bezos, Sundar Pichai, Mark Zuckerberg, Tim Cook and, of course, Elon Muskall will sit in prominent places at the inauguration.
They are using their expertise and their money to shape Trump’s policies. Why are we surprised that the most successful companies want to influence our economic future?
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15 years ago this was just the beginning. It was tailor made for us.
We wanted to create a business show that wasn’t bogged down in the Fed, earnings per share, or any other jargon that bores most people to death.
The rise of Big Tech allowed us to reach a much wider audience, because everyone knew what we were talking about.
It’s been great taking you along for the ride, and by the way, we’re not done yet.