Guest section 230 is an important mechanism to defend free speech on the internet. We think it should largely remain in place and that many of the attacks on 230, and especially the president s executive order that he issued in response to twitter Fact Checking about two very problematic censorship that runs contrary to the First Amendment. Host berin szoka, comes your initial thoughts on potential changes. Guest jessica and i dont always agree but i agree with everything she just said and i will add to that that is not just an apartment protection. Its the law that made todays internet possible. It would be possible for websites from the smallest blog to the Biggest Social Network to host content there uses greater if they could be sued for each and every one of those pieces of content. Thats what section 230 protects against. It also protects against websites when they moderate content that they may fight harmful or objectionable. What the administration is trying to do is now the pr
Reporting on the fiasco at the Employment Development department, fraud, benefits department and nobody answering the phones. Well, now a reset to a new system. The reset started this weekend. I didnt want to wait another day. And that reset means the state is halts new claims for two weeks with 600,000 people still awaiting benefits. Michael finny has the latest developments. I have been waiting since august, august 1st. Reporter one of the 600,000 workers who still have no benefits months after losing their jobs. You cant get through. Michael hurley has been waiting since june. No faith in the system, not at all. Reporter the edd blocks benefits for both workers saying they need to prove they are who they say they are. Like thousands of others they mailed in paper documents verifying their identity and heard nothing back. I think now im in another kuwaiting for whatever. Thats frustrating. Im so discouraged. Reporter kim was told to wait eight weeks. I was really upset because how wo
Navigate it all. With the clock ticking, get reaction from republican Congressman Ken Buck from colorado. It takes a lot of guts and a lot of innovation to start a business during a pandemic. One man is doing just that, very inspirational story coming up. All that and so much more on making money. Charles so for the most part the market has been elevated all session long but obviously on pins and needles which plains the rapid air pocket we saw earlier in the session where there was a tweet that nancy pelosi sounded very skeptical about a deal with steve mnuchin. I suspect it was strategic tweet as both sides are using proxies to move the market and gain leverage but beyond the drama in washington, d. C. , there is lot of mostly positive news on the economy and stock market today. Initial jobless claims came in better than expected. As they continuing claims was dropped by almost one million in just one week. Consumer spending came in much better than expected even as incomes declined.
China is doing better than good. We get a nice lift. To your point, i cannot remember a fed meeting where i have been more distracted by other news. Jonathan because the other news matters more. At the moment, the Federal Reserve is basically done when it comes to the framework shift. We have seen that. When it comes to the Balance Sheet, we have seen a huge expansion. Butink there will be tweaks for many people, the most important catalyst is physical. Tom it is physical based on week demand. I can or where i saw this. I will give axios credit. It was a food bank in richmond, automobile, car, by and it looked like field of dreams the line of cars went off into the distance and it was shockingly sad how people were lined up to get food, having that much difficulty. Jonathan could not agree with you more. Were living in two worlds. The old world is struggling. Love the we see our place, particularly in the airline business. Airbus talking about the prospect of more than still to come. T
Surging sales at consumers as consumers pour money into Home Improvement. How long can that last in and investors yanked in Different Directions as the biotechs working on covid19 vaccines report both good and very bad news. My colleagueses, ben levisohn is, carlton english and jack howe. Guys, its great to be back from vacation. Did you miss me . Absolutely. [laughter] this much. Jack more than that. Come on, jack, i caught fish bigger than that. There we go. So, ben, good news while i was gone, i guess, the s p hit new records, nasdaq hit new records. But oddly, more stocks went down than went up. How does that work . Well, really this is apples stock market. It went up up 8. 2 this week and was responsible for 60 of the s p 500s 0. 7 gain. Its doing all the heavy lifting here, and its now a 2 trillion market cap stock that makes up for the fact that on a day like today just over 200 stocks were positive, almost 30 were down 300 were down on the day. Its quite remarkable. Jack so wha