Increasingly concerned. It is the economy. Jay powell fed chief jay powell holds where facetoface talks with President Trump. Warnings from within the fed. Rosengren eric morning policymakers against putting financial policy at risk. We will hear exclusively from him. And now, back to sophie for a look at australian markets. Higher. 6 200 is opening a2 milk leading the pack. Aining 17 after reporting better margin outlook. Checking in on the aussie dollar. Ahead of the rba. Still clearly and a focus for the currency. 1 ancks are adding on hour into cash trade. Futures Holding Steady in chicago. Lets see how we are sitting up in hong kong. Hans sang futures are under pressure after the rebound. Speculation that chinese funds are providing support for the market. Even so, there is some investor caution given they are rethinking their positions with the increasing violence in hong kong. We did have the hans sang in the hong kong index regain their 50 day moving averages. Lets jump to the
Good monday morning. Welcome to squawk alley. I am carl quintanilla, morgan brennan, a brennan. The first story, more than two dozen attorneys general expected to announce antitrust investigation into alphabet. Ylan mui has more from washington reporter good morning, carl. We expect that formal announcement from the steps of the Supreme Court at 2 00 p. M. It is the largest coordinated effort to take on big tech we have seen so far attorney general of texas, ken paxton, a republican, is leading the charge this will be a bipartisan investigation. We have a statement from massachusetts ag maurahealey she said Online Advertising is everyone this will center on three big questions. Has google engaged in behavior that stifles competition, restricts access, harms customers. Were told the investigation will include demand for google to turn over documents related to the advertising business. Hoping to get more specifics on how states will frame their case at the announcement later today. Goog
Focus, warning that the central bank has limited tolerance for rising prices. Cpi data due at 9 30 gmc. Francine and live from the World Economic forum in davos, switzerland the future of finance. John cryan joins our debate about the transformation of the industry, do any moment. And in european banking, we will be speaking to the Credit Suisse ceo. Dont miss that exclusive interview at 9 15 u. K. Time. Stealssident xi jingping the spotlight, with his first speech ever at the forum. Lets get back to the World Economic forum in davos, with bloombergs tom keene and his panel on the future of finance. Tom if you dont make it every 90 days, the world falls apart. We have a panelist to provides us with a terrific historical committedwho has been to acquiring for the United States of america different pieces of our heritage and history and possibly understands the 1930s like no one in the room, and certainly a political moment we are in worldwide. Finally, we have a panelist to full disclos
Billion acquisition terminates the first major tech ipo of 2017. First, a huge week for tech earnings. This of course in a week where the dow average marched beyond 20,000 for the first time. Lets kick things off with after that reporting on thursday. Take a listen. You have to take a step back. Here is a company that makes massive amounts of money, has massive levels of growth and yet people are finding those little areas. The problem is always about expectations. The ad click numbers are clearly a challenge for them. Whats good is we are seeing them spending money on other bets that i think will pay off. In the short term, there is extra money being spent, but they have very interesting opportunities. Google recognizes they have to extend alphabet has to extend beyond the advertising business model. These bets will start to pay off. We are starting to see spending in those areas where we will see growth later. Caroline im seeing cost per click falling 15 . But they are still managing
Well, you know, some people just get so tribal about the politics. It is a hate hillary or a hate trump, and we refuse to look at the actual data, and we refuse to look at the actual issues. We make these things flashpoints and then we stop digging if in. You know, i have said it before about donalds campaign, and it is the seinfeld campaign, the c campaign about nothing. He se smart, because the more he gets into the details the more the followers and the tribe, their eyes glaze over and so it is to his benefit not the do it, and hillary is just battling crooked hillary and battling the pejorative comments about her, and we never get into the details. Mark, it is Carl Quintanilla and good to have you on the phone. Hi, carl. Good to have you on. Sure. And we had Travis Callan from uber on, and he said, look, give us a break, we plan to be around for 30 or 40 year, and we are e early in the life cycle, and so easy on the pressure to go public. And tell that to travis employees who have