All thanks to what else . Bitcoin. They explain why they took a chance on cryptocurrency. First, to our lead. Net neutrality is no more. The fcc voted to repeal the obama era internet protections designed to keep broadband providers from favoring content. The republican Member Commission voted 32 to end the protections known as Net Neutrality. The vote came amid intense protests online and in person from defenders of the rules, who say this will create haves band havenots when it comes to accessing content. But fcc chair ajit pai heralded the return to what he calls a freespeech market approach, saying it is time to restart thats restore internet freedom. We are restoring the light touch framework that has governed the internet for most of its existence. Joining us now, one of the people who voted to repeal it, fcc commissioner brendan carr, who was nominated by president trump. Commissioner carr, thank you so much for joining us. You said today is a great day, many people say this is
That share of votes i make. Host and the vote the federal Communications Commission negated the obama era net brutality rules governing Internet Service providers. In this edition of the committee getters we will look at arguments on each side of the issue at the potential effects moving forward. Brian fung of the washington post, in your late story this morning you write that this vote will allow internet providers to speed up service from websites they favor and block or slowed and others. Is it that, or is it the regulatory light touch that chairman pai talked about . Guest its both indepth the fcc just decide to rollback rules that were implemented as you said in 2015, and in doing so the fcc will return to a regulatory structure that they argue serves the internet well for decades and represents a light touch on industry. That same approach will potentially allow internet providers to speed up some websites, slowdown others. Even if they decide not to do that right away its concei
Can actually provide ubiquitous access. Its a great mission. Host what are some of the companies you represent . Guest well, just this month i was able to spend time with alaska communications, flew down from there to western new mexico with western new mexico communications. Both focused on Rural Communities and extending next Generation Broadband Services to them. All the way up to companies that are national in scope and vision from at t and verizon and centurylink and consolidated, frontier, windstream. Its a consortium of companies that are very different, different Business Models but are bound together by a singular vision to get more broadband out to more americans and do so with smart policies. Host before we Start Talking about some of those policies, give us a sense of your background. Its a little bit eclectic, isnt it . Guest and ill take that as a compliment, thank you. I have been in the business of technology for a good part of my career, leading companies both in Silic
For you on that. And rolling out the red carpet, denver one of a dozen u. S. Cities now battling to be amazons hq2 were going to go live to the mile high city with the governor of colorado. Power lunch starts right now Rocky Mountain high colorado Rocky Mountain high welcome to power lunch. Im melissa lee. Tech leading todays record breaking chart the s p 500 topping 2,700 for the First Time Ever. Commodities on the move as well. Crude above 61 for the First Time Since june 2015 platinum by the way highest level in more than five weeks. And gold is trying for nine Straight Days of gains nat gas taking a hit today with prices up 10 in the past week as tyler mentioned this record breaking cold really causing people to stay inside. Shares of scana up South Carolina residential customers will get an average of 1,000 within 90 days of the deal being completed, brian. Melissa, thank you im Brian Sullivan as much as the world focuses on trumps tweets, lets stay focused on your money. And can
The averages passed a major number on tuesday, the nasdaq passed 7,000. On wednesday, tyesterday the do hitting 25,000 for the first time ever. This morning the dow futures are indicated up by 75 points s p futures up by 7 1 2. Nasdaq up by 30. The first trading week of the year on that time we are talking about some strong days the best threeday winning streak to start the year for the nasdaq since 2006, for the s p since 2010 of course we always talk about what happens in january often indicates what happens for the full year. Well talk all about this throughout the program today green arrows across the board. Lets look at asia the nikkei ended up by 0. 9 a gain of 208 points 23,714 hang seng up by 0. 25 . The shanghai up by 0. 2 . In europe, you will see also same story there up across the board. The biggest gainer being the dax, which is up by more than 1. 1 quick update to a security flaw that may have exposed some smartphones and pcs to hackers really did in a big way. Intel is s