This hearing will come to order, senator cantwell is going to join us in person but she joins us remotely at the beginning of the hearing, we have convened this morning to continue work of this committee to ensure the internet remains a free and open space and they are sufficiently uptodate, it is a Great American success story, thanks in large part to the regulatory and legal structure our government put in place, we cannot take that success for granted, the openness and freedom of the internet are under attack, soon we will hear from the ceos of three of the most prominent internet platforms, facebook, google and twitter, with this is include mr. Jack dorsey of twitter, of alphabet inc. And mr. Marx a burger facebook. On october 1 this committee voted on a bipartisan and unanimous basis to approve the issuance of subpoenas after discussions among representatives of the companies witnesses agreed to attend it voluntarily and remotely the stronger agreement on both sides of the aisle t
Eastern on cspans q a. Ceos of facebook, twitter and google appeared virtually at a Senate Commerce hitting Senate Commerce hearing. Republicans question whether the companies were censoring conservative viewpoints while democrats raised concerns about the spread of misinformation. Throughout the hearing, there were several references to section 230 of the committee occasions decency act, which shields social Media Companies from liability for content posted on their sites. This is three and a half hours. This hearing will come to order, senator cantwell is going to join us in person but she joins us remotely at the beginning of the hearing, we have convened this morning to continue work of this committee to ensure the internet remains a free and open space and they are sufficiently uptodate, it is a Great American success story, thanks in large part to the regulatory and legal structure our government put in place, we cannot take that success for granted, the openness and freedom of t
For almost 25 years, the preservation of Internet Freedom has been the hallmark of a thriving Digital Economy in the United States. The success has largely been attributed to a light touch Regulatory Framework and to section 230 of the communications decisions the act, the 26 words they created the internet. There is little dispute that section 230 played an early role ofthe Critical Development Online Platforms. It provides protection from liability to remove and moderate content that take what their users consider to be obscene, filthy,cinius, excessively violent, harassing, or otherwise objectionable. This shield has been pivotal in protecting Online Platforms from but it has also given these internet platforms the ability to control, cycle, and even censor content in whatever manner. The time has come for that free pass to end. 230, 24 years of section much has changed. The internet is no longer in emerging technology. Companies before us today are no longer scrappy startups operat
Have announced today will provide strong support for the economy. We are saying that roommates rates will remain accommodative until the economy as far along. Leaves stimulus untouched. No move expected either. Todays action could come from south africa as they battle we growth. President trump contradicts his health officials, saying a vaccine could come by october. Deutsche bank says new york city staff can stay at home until next year. 6 00 a. M. In london. Lets get you uptodate with the interpretation of fed speak. Good morning. I take you to ing. Its about the credibility andeen Forward Guidance state contingent Forward Guidance. We got both last night. That makes for more potent situations. Perhaps doubly irrelevant. Annmarie a note this morning saying theres no pleasing some people. What else could the fed have done . Maybe qe. Also talking about the fact, they were saying, monetary stimulus, its time to focus on policies for the real economy. In that moment, jay powell is right
But we have been inching higher this week. We were almost looking at 3000 for a while. The yuan has been weakening offshore, at 7. 1508. We will see how that progresses next week with the china hong potentialric, and protests, but we will see how that goes. The 10 year yield at 65 basis points, back into its cushion after a dire week of economic data, and crude oil at 32 at 32. 68. It has been pretty whippy today. Most stocks are lower, but you have stocks getting upgrades and so forth. This week has been about what is happening in china and also the vaccine story. The vaccine story has been incredibly whippy for markets, but so has the china story. Those have been the two competing factors. Weve had a few earnings to throw into the mix, but that has been the story. We see some of those start to come through, and a host of other companies being pushed and pulled. Also, the china story front and story this friday, and it is a long weekend in the u. K. And the United States. Do you want