A piece over the weekend diving into the tech giants Cloud Computing arm saying its quote snuffing out the competition. Joining us now to discuss with us on set. Happy monday. Good to have you. The central question i think here is when is this sort of behavior selling your house brand not okay Grocery Stores do it. Best buy does it. You know, they got best buy internal brand tvs and what not. Is amazon so powerful and got good market share that this becomes kind of a soul crushing and anticompetitive activity. This is one of the Biggest Companies in america inside one of the Biggest Companies in america. If you spun it off it would be massive within amazon which has been accused of this kind of thing around retail, around all kinds of services it offers, its not a great look for it. Actually, this company even though google and others have gotten into the business, it still dominates and keeps it rating feature after feature after feature. If youre a Small Software player, youve got to
Calls for 2020 what sectors he is betting on. We examine streaming content providers. As disney and apple enter the fray. Peacockl 2021 hold as enters the market. A partial trade deal between the u. S. And china will ease a key risk for investors. The index rose in the wake of the agreement. For more, lets bring it bloombergs Abigail Doolittle. Is this all about the trade agreement . Abigail interesting question, because the euphoria we are feeling today, it would seem that way. Rallyis has been a huge year. 40 ,tocks into october of so we do have solid gains after that fact. The tone was set earlier in the year. Last year, we had that horrible first horrible Fourth Quarter. This year, going into the end of the year, it feels as though traders and managers really trying to hang onto those gains and stoke them. We seem to be having more of that response happening today and probably into year end barring a shocking sort of event that seems unlikely right now. Upgraded today on nonrecover
Im Carl Quintanilla a busy morning well start with this report out of axios, a 2020 corporate hit list ranked by candidates mentioned on twitter tech heavily represented uber, twitter, alphabet making the top ten. Roger mcnamee is joining us along with casey newton. Good to see you guys roger, we talked about this list and it is probably only going to continue as we get further into the political season we mentioned where the banks are in all of this why is tech getting so much attention . You know, i think that it is very simple. Weve been in a really long bull market weve been in a period of time for maybe 40 years where we deregulated everything and given corporations almost total autonomy and the tech guys have taken advantage of that, even credibly successfully investors have loved it. But at the same time, a lot of harm is being done, being done to public health, democracy, privacy, competition and we have to have more balance in the economy consumers have got to benefit more fro
Morgan brennan, jon fortt at post nine of the New York Stock Exchange record highs all around the board. Dow, s p 500, nasdaq, but well begin with news regarding ford forward looks to do apples to apples with tesla. Elon musk tweeting a response, quote, bring it on and calling into question the physics behind musks video of the tesla towing the ford f 150. Is this really where we are . My mom might be watching, i am going to keep it clean, this is a classic measuring contest if ever there was one. Morgan, do you know of any woman watching this tug of war with any kind of great interest mary barra is probably not even watching this. This is classic like testosterone driven man versus man type thing. The nerd truck narrative lives. The truck will be sold to nerds, right . Thats the niche product theyre aiming for i wont call it nerds, but if you look at the numbers, the number two, two top states for electric vehicle registrations, use that as a proxy for tesla, california and new york.
Welcome to power lunch, im melissa lee. Were ins ground zero, Texas Instruments falling after its Earnings Report taking down the rest of this group much more on these moves a little later on in the show. Kelly . Mark zuckerberg testifying in front of Congress Today and taking heat on several big issues reporter this has been a tough hearing for Mark Zuckerberg, theres been a lot of anger and exasperation among lawmakers. On Election Security and political speech, red lining and diversity. Facebook changes the rules when 2 convinces itself have you learned that you should not lie. Facebook has been systemically found at the scene of the crime the richest man in the world to come here and hide behind the poorest people in the world and say thats who youre really trying to help youre trying to help those for whom the dollar is not a good currency drug dealers, terrorists, tax evaders. Now, even republicans who have cautioned against the broader back lash against big tech still had some v