Do you dunk the entire covid cohort or stick with it on a dow when the rose 183 and the nasdaq gained 1. 8 the reaction to zoom Video Communications after it reported a good quarter that wasnt quite good enough for wall street. This company practically sin none mouse with the new normal and look ban on 2020 as the year of zoom so when you see it down 15 its alarming. You got to wonder what that means for the rest of the stayathome stocks. The answer, nothing. Just because zooms insanely high growth is decelerating that doesnt mean the trend is over in fact, id argue it never had gone away because this year has shown us millions of jobs can be done better from home. No need for that central office. Why go to meetings to negotiate or sign documents when you do everything over the web and save millions, maybe ten, maybe hundreds of millions in travel, hotel, dinners, zoom, i mean thats how the 39 billion s p global ihs market deal was consummated as we heard from Doug Pederson on mad mone
Record sales for the most valuable company. And boeings billions, it is taking a 5 billion hit in the Second Quarter due to the worldwide grounding of what was its bestselling plane ever. And rate cut optimism. Stocks on track to open higher but on pace for worst week since may. Microsoft on track to open at a record high, market cap above a trillion dollars Quarterly Results beat expectations on cloud strength here is nadella on last nights Conference Call. Our commercial Cloud Business is the largest in the world, surpassing 38 billion in revenue for the year with growth margin expanding to 63 . Im proud of what we have accomplished over the last 12 months, and im energized by the tremendous opportunity ahead every day we work alongside our customers to help them build their own digital capability, creating new businesses with them, innovating with them and earning their trust. Cloud is a third of revenue and after at t they had quite the week. Yeah. I did something i never do i list
Dime. There is a lot to get to this morning, jim. What do you want to tackle first . I think we have to first just talk about the fact that this is the overwhelming day. People are going to be making judgments and theyre too quick. People already decided to hate verizon and hate travelers. I think the most important this evening im seeing is the continued increase in oil, which is driving stocks, and a return to something we havent seen in a long time, which is if you dont do as badly as we worry about, your stock goes up, american express. Thats the classic example this quarter, right . When i go over what they said last night, they had a jump of 5 to 6 new Revenue Growth and they added new cards. Frankly, they just didnt screw it up. Verizon and travelers have been perfect. I cant speak travelers, i can always speak verizon. Verizon shares were up 12 this year or more. Its been a power house in what was a difficult period for stocks. Its still been benefiting. As for the quarter, it
Senator grassley, we set a member number of occasions we find it there is a use and value to having an independent legal representative in the fisa Court Process in the appropriate circumstances. We would not advocate or recommend having one for all of the procedures that go on there. Many of them like a normal criminal cases are routinely done in an expert databases. They are done usually with a fair degree of asked etienne and efficiency and we think a permanent public advocate might impede that process if it is applied to every single thing that they are. They would also be some constitutional issues facing our public advocate on every single issue. We would propose that it be an amicus appointed by the court when the court feels that they have the need for another event another point of view when its a significant issue involving privacy issues, civil liberty issues that the court would like to have another view on. That would be a good example of a time. Something like both Data C
Future of internet governance. Last years conference showed us that through this deep International Division of over whether to subordinate the open internet to world governments, including repressive regimes, the u. S. Needs to be a beacon for freedom and openness in this battle. Given these risks, we propose enhanced transparency and procedural reform, clearer protection for americans, and baseline protections for international users. With regard to transparency and procedural reform, we think all governments should share with citizens meaningful information about their surveillance laws, their legal interpretations, and judicial procedures that govern the exercise of this powerful authority. Of course, the u. S. Cannot demand this from others unless it leads by example. Furthermore, companies should be permitted to disclose publicly to their users the precise volumes of requests from governments. Businesses should not only be prermted to release transparency reports but encouraged t