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Gavin Newsom: “The stock market is seven damn stocks, maybe ten. But…”

Featuring: Gavin Newsom, Democratic | Governor of California

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How Gavin Newsom Became the Democrats' 2028 Frontrunner | The Ezra Klein Show

Published | Video Starts at 19:50

That systemically, for decades, this economy has not been working. 10% of people own two thirds the wealth. Half the consumer spending is that top 10%. This thing, the Meg's, the whole. The stock market is seven damn stocks, maybe ten. But Primarily seven, mostly in California. And so that reality, he burst in a way that pierced me even more than all the intellectual punditry, the things you've written and other people have written. (19:50–19:56)

CLAIM

Asserts that the stock market is primarily driven by seven stocks, mostly in California.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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