Responsibili responsibility we see it every day now with every data breach, every privacy violation. Every blind eye turned to hate speech fake news poisoning our National Conversation the faults miracles in exchange for a single drop of your blood. Joining us to discuss this morning, ricos editor at large, cnbc contributor, kara swisher, fresh off of code con last week great to have you back im glad to be here we were discussing offcamera how the evolution of cooks rhetoric began in an interview you did with him a long time ago. We were doing an interview for nbc and i asked him what he would do if he was Mark Zuckerberg and he would say, i wouldnt be in this situation, and went on from there, talking about privacy. Which is a good thing for apple to talk about. Its good on lots of levels, a marketing thing, its what theyre like theyve made commercials about it since and this is him continuing to talk about that topic. Hes been ratcheting up over time, which has been irritating a lot
2051 reflecting rising costs for health care and debt service. the forecasts don t take into account the covid bill that was proposed by president biden backed by democrats. democrats say the measures needed to ease pain from the business closures and job losses caused by the pandemic and related restriction on economic activity paid congressional republicans object to the size of the stimulus package and of .2 growing budget deficit and debt as a reason to keep spending in check. they argue the economy is already poised for stronger growth. budget deficits will widen in 2051, from 5.7% in 2031 driven largely by increasing costs servicing the debt. net spending on interest will triple relative to gdp in two decades eating up to 2051, spending on programs like social security and medicare will also rise. some of the basics there, boarding from the washington republican criticizing democrats are putting money in this covid bill that states do not need right now. here s what h
Though sources are telling us a crucial vote may come as early as tomorrow. Were live at capitol hill with the latest. Massive wildfires burning out of control in california. Look at that evacuation orders underway. Nearly 200,000 people in the famous getty museum is now under threat. Were on the ground in los angeles. What a blaze. David first back to the markets. Struggling into the close, the dow ending the day into the red, driven lower by shares of merck, disney and nike. For more what is moving the markets lets go to nicole petallides. Nicole, disney was down though that news roger iger would stay on as chairman. Melissa bob iger. I know what you meant, david. Disney had a lot of fluctuations, particularly all the news pertaining to a deal at fox. That has been very busy stock indeed. As you noted to the downside. Big picture, major market averages have gone back and forth. The dow itself had a high of 48, a low of 44 and change. You know what i mean. So back and forth action. It
All that in the next 60 minutes. Julie hyman is here. Julie we were on the air when they got those headlines from north korea, that the foreign minister from north korea said President Trumps comments over the weekend about to a declaration of war. Stocks have taken a leg down and have done really recovered. This is slightly unusual because most of the rhetoric coming up over the past two months has not seen a reaction from stocks, however, the word war has not really been bandied about. We have seen the nasdaq in particular taking a hit, down 1 . It had already been the worst performing of the three major averages. In terms of other assets, are we seeing investors be riskaverse . Yes, indeed. U. S. Treasurys going down by three basis points. Gold catching up a bit, up half a percent. The dollar euro are lower against the japanese yen. Vix still below 11 at this stage. Elsewhere, we are looking at the continuing fallout from the echo equifax hack. And analyst has said that this progres
Exuberance lead to a flood of ipos. We will look at which companies go public. Very high profile names. Breaking this morning, Goldman Sachs executive has reportedly been offered a position in the Trump Administration. We have more on what that could mean not only for the Trump Administration but Goldman Sachs itself and the issues they may face. And president elect Donald Trumps team is starting to take shape. Larry kudlow will discuss whether the picks will bring that deregulation so many investors are now expecting. Speaking of which, lets start with the market new highs. Bertha coombs is in times square and bob pisani is behind us on the floor of the new york stock exchange. Ladies first today. Nasdaq all time highs stoked by small and mid caps since the election. Today it is really a big cap rally. We are seeing a little more love for the tech big caps like apple up nearly 2 . Alphabet is up more than 5 for the week. That is the best weekly gain it has seen since july of 2015. Not