With that association . Iti is the trade association of the Technology Sector and we represent 70 of the Worlds Largest and most Innovative Technology companies. Weve been around for 103 years founded in 1960 as the associated of business appliance manufacturers, things like scales and time clocks and the like. Over those 103 years our industry has changed and so has ipi, or a presentation of tech Sector Companies is quite broad. Host how did you get into this line of work . Guest ive been in dc for close to 25 years. Came here to work on broadband policies after the 96 act passed at the federal committee cajuns commission but ive been involved in the tech policy sector and since then worked at the fourth trade association most recently a red led the industry before joining iti. Host as you will know there are several trade associations that represent tech and some of the companies that you represent are members of a lot of them. Dell, adobe, google, microsoft, et cetera so what is it
Where i was over the weekend among the headlines and there were a lot, a warning about potential risk for the u. S. If Tech Companies decide not to do business with the pentagon. My view is if big tech is going to turn their backs on department of defense, this country is in trouble. That just cant happen so we have to, it is up to the Senior Leadership to say i understand these are emotional issues, we dont have to agree on everything, but this is how were going to do it we are going to support the department of defense. This country is important. Meantime, heavily redacted 103 page document that was just made public a short while ago, amazon says President Trump launched, behind the scenes attacks against the company, which led to it losing out on the major jedi contract for Cloud Services that we have been covering so closely. Guys, in general the bottom line from jeff bezos at the event this weekend is amazon, you could make the argument origin, the Space Company looking for Nation
This friday right now. Good morning, im dominic chu in for Brian Sullivan it is friday, december 13, 2019. Happy friday the 13th. After a record breaking day on wall street. The dow closing off the highs after hitting the 16th interday high, the s p coming off the second high record close it would go up another 11 points if if holds. Dow would go up by 112 and the nasdaq by 35 we are seeing some signs of life the 10year note yield just below 1. 89 . Twoyear yields 1. 64 . Around the world, asia following that lead on trade it was green across the board. The any kay up 2. 5 . Hang seng similar. Shanghai up nearly 2 and kospi up 1. 5 as well. In europe, it is green there as well stocks are surging on the heels of trade developments, what is happening with the uk. The german dax up, cac similar the ftse 1001. 5 up as well. The british pound spiking to the highest level since 2018 you can see here that spike higher in those particular currencies up 2 , 1. 3409 is what it will cost you to b
Results of another how will investors react to the second scandal of the year . Warm welcome to daybreak europe. Nejra cehic absconded on a holiday. Can we spell that word . A wood. S diverged in chinese equities and u. S. Equities. We are trying to make sense of what this rolling back of tariffs by china really means. There is a platform for a phase one deal . The u. S. Equity markets are set, correction,ity for 15 . It is time to become guarded. Perhaps we have become irrationally exuberant. Positive news flow on tariffs eking out again. The 200 dayby moving average. Wti, the uae oil minister saying things are good, they will talk about the expansion of the deal. Let us talk trade. The u. S. China says it is cutting import tariffs on certain goods from january 1. Expanding imports. The news comes from beijing and washington finalize the signing of a first phase of their trade deal early next week. Lets get to simon french, chief economist. Good to see you on this beautiful, crisp day
California utility pg e said to be close to finalizing terms for a 13. 5 billion dollar payout to victims of wildfires sparked by defective equipment. Youre told it would pay half in cash and the rest in stock in the reorganized company, although no final agreements have been reached. Pg e shares rallied strongly on the news but are still down more than 50 this year. The owners of the new york mets are in talks to sell up to 80 of the major league franchise. Were told a deal would be valued at 2. 6 billion and set a path for billionaire steve cohen to take complete control after five years. Hes already an investor in the mets and has a net worth of more than 9 billion. Shery markets open in tokyo and seoul at the top of the hour. Sophie stocks are set to rebound after closing at a low. U. S. Futures little changed. Checking in on the end, Holding Steady while weakening to a twoweek low yesterday, snapping a fourday advance. They opened lower but could gain a 30year option come and. Whe