During his “My Take,” Friday, “Varney & Co.“Host Stuart Varney celebrated his 15th year on FOX Business by discussing the profound effect American-built tech companies have had on society.
STUART VARNEY: “Varney & Co.” has been on the air for 15 years. A story stands out. The growing dominance of America’s tech companies.
They’re the crown jewels of American business, and we’ve covered their rise.
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Apple, Amazon, Microsoft, Google and Facebook. We started calling them simply “great technology.” Nvidia and Tesla later joined and became the “Magnificent Seven”.
They came to dominate the emerging digital age and everyone knew it. Money poured into their stocks. They became trillion dollar companies. Everyone benefited.
Have you checked your 401(k)? Big Tech made your retirement more comfortable.
The Europeans, hopelessly outmatched, were reduced to weeping from the sidelines.
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They don’t have dynamic tech companies of their own, so they fined our guys billions of dollars and pretended they were imposing some sort of economic justice.
China is coming in strong, but if Trump cuts off their access to American technological ideas, they will fight back.
The growing wealth of American technology has translated into political power. They used to support the Democrats, but they have seen the light of day.
They know monumental change is coming, and they’ve jumped on board to ride it The Trump Train.
Jeff Bezos, Sundar Pichai, Mark Zuckerberg, Tim Cook and of course Elon Muskall will be prominently seated at the opening.
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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Fifteen years ago, all this was just the beginning. It was tailor made for us.
We wanted to create a business show that wasn’t bogged down with the Fed, earnings per share or any other jargon that bores most people.
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 having you along for the ride, and by the way, we’re not done yet.