And a scathing report prominent shortseller andrew left of citron slaps a 5 price target on peloton. Well hear from left. But first, to our top story. Silicon valley is listening to your most intimate moments. It is the focus of bloomberg businessweeks indepth piece on how the Smart Speaker craze left users vulnerable to their conversations being transcribed. It was one of the most read stories on the terminal on wednesday. And here with the story, including the devices and use of contractors to transcribe those intimate conversations, is matt in seattle, sarah from San Francisco, and garrett and austin in new york. Let me start with you, austin. Contractors in your story seem to have a problem with this, while the management of big tech didnt. Why . We spoke to dozens of transcribers and contractors in the story, everywhere from ireland to india. They really had ethical quandaries with the service. They were eavesdropping on a lot of siri or alexa customers in order to improve the sys
Washington with a lot more. We are less than 24 hours into this stunning news of President Trump firing james comey, the fbi director, who is leading an investigation of the Trump Campaign and Trump Associates over ties with russia, which, of course, interfered with our election. We saw just a few minutes ago that the two leaders in the senate, republican Mitch Mcconnell and democrat, shuchuc schumer took their roles. What we have now is our democratic colleagues complaining about the removal of an fbi director, whom they themselves repeatedly and sharply criticized. That removal being done by a man, rod rosenstein, who they repeatedly and continually praised. Chuck schumer, the minority leader, had a different view, as you would expect. I will be requesting that the majority leader call a closed, and in necessary, all senators briefing with the attorney general and Deputy Attorney general separately at which they can be asked questions. But beneath those two familiar roles, we are see
Good morning morning. Welcome to squawk alley. Back at the desk on a monday morning. Governments and companies around the world working to contain the fallout from a global cyber attack that disrupted operations at factories, hospitals, and governments in 150 countries. C by the attack. Saying the attack should serve as a wakeup call for governments. Joining us this morning, aspen institutes isaacson. And now the chief Information Security officer at Cyber Security firm xtera. Good morning to you both. What was your first reaction upon hearing about this . It seemed like it was predictable. We saw in march with the publication of what were purported to be tools stolen from the nsa. It wasnt going to be long before cyber criminals took those tools. So were seeing something that is preventable but takes work to prevent. Its not enough to know about the threats that are out there. We have to do something about it. Did this have longer legs than you first expected . I didnt see that the im
Of squawk alley. Good morning. Its 8 00 a. M. In san francisco, 11 00 a. M. On new york city, and squawk alley is live. Im listening to the kind of music she doesnt like neath shell never know your story like i do she wear short skirts i wear tshirts shes cheer captain im on the bleachers dreaming about the day that you wake up and find out what youre looking for has been here good morning. Jon fortt has the morning off. All hitting record highs this morning again as investors shake off the unexpected Election Results out of the uk antined uncertainty in washington. Were watching the vix hitting a 23year low. For David Rosenberg chief economist, david, are you surprised at the markets constant ability, especially this week, to brush off some big political shock, from comey to may, and reach report heights yet again . I think that the market is certainly heading into really expensive terrain, almost pressing against a 19 forward multiple. But remember what bob farrell told you and the t
Positive as youll see right there, but not too much. Although uk actually having a fairly good morning. Japan not so much. Problems toshiba certainly weighing on that market. As for our tenyear note yield this morning in crude oil, which we always like to show you, 2. 556, and wti up ever so slightly. David, our road map for the hour begins with the dow on the edge of market history again. Futures higher. Will today be the day . Plus, some new Holiday Spending data suggesting a late december boost. Wall streets top picks going into 2017. And amazon crowned ever cores top internet pick. Did the company do enough to win christmas though . But first up, the trump rally, thats what we call it now, and the march to dow 20,000. That continues for yet another day. Futures as you just saw are higher, certainly would indicate we will be close at the open. The dow aiming for its eighth straight week of gains. And, well, what else, of course another tweet on the markets from president elect donal