They can make a package that would be acceptable, that is to the treasury secretary Steve Mnuchin and nancy pelosi. There is just one problem, whatever they come up would presumably not be acceptable to the Republican Senate or Mitch Mcconnell has said, whatever theyre contemplate something way too expensive no matter what the president says. Chad pergram with the very latest hey, chad. Reporter hey there. This is a monumental challenge. Keep in mind that House Speaker nancy pelosi and secretary of treasury Steve Mnuchin have been talking more than 90 days trying to get the next round of Coronavirus Relief done. The problem they cannot come up with the right cocktail to get something across the finish line, the right vote cocktail that has the proper number of votes in both the house and the United States senate. This is why Senate Majority leader Mitch Mcconnell has cobbled together a slim 500 bill dollar bill. It will probably be filibustered by democrats tomorrow. Keep in mind the p
Now, the nasdaq slipping, posting the worst two days in months. Adding to that, tech regulation is tightening across the globe from china to the eu and here in the united states. Just today, we learned that amazon faces an antitrust complaint in europe. Big tech faces a new administration in the united states. This time around, joe biden seems to have a different attitude to the last time he was in the white house. The rotation, we are seeing that from the center of the market. Joe if you look at one of the hottest areas with tech, it is some of those Cloud Computing names, very rate sensitive because so much of their earnings are backloaded. Up until now, one of the hottest etfs all year, down over the last three days. Really, over the last two days, with the vaccine, with the rates moving up, people not willing to pay as much. Caroline the s p 500 index valuations are phenomenal. 21. 9 times future earnings. Maybe with yields taking a little bit higher, only 1 . But, nevertheless, ma
Twitter and facebook scheduled to testify before the Senate Commerce committee on wednesday. Examine whether that content liability shield section 230 is still relevant and needed. This is one of the days in the market, im not sure what is happening in the overall dow matters so much to the tech story. April sl about flat on some promising iphone 12 order lead times. Then if you look it at the nasdaq zoom is up amazon, etsy maybe thats some halloween eagerness. Yeah, a bit of a mixed bag today, jon you have the stay at home names you mentioned. Tech broadly lower weve got that doubleheader again this week. A hearing following by earnings from the Big Tech Companies. And its interesting, looking at facebook and alphabet this month, theyre actually outforemaniou outperforming the big tech names. Alphabet is up 8 . Facebook up 7 again, we see the theme. The pressure is on in terms of antitrust and regulatory scrutiny yet, the stock prices not really reacting those are the two names that h
Oracle has a copyright to the computer code, but not a patent. That means that the public, not oracle, has the right to these functions. Oracle cannot leverage its copyright to create pattonlike rights. Specifically, under the merger document there is no copyright protection for computer code that is the only way to perform those functions. Java Software Developers have the right to use certain commands to create applications for googles android smartphone platform. The commands require google to reuse an exact set of code from java se. Because there are no substitutes oracle is claiming the exclusive right to not merely what the declaration is saying, but what the declarations do. That is not a copyright, it is a patent right. Respect to fair use, the longstanding practice of reusing code is write the developers to millions of creative applications that are used by more than one billion people. Those policy questions are academic, the issue is not whether this court would find fair us
Rescued alive and 3 people were killed on the this rubble camp and so far its 16 people have been rescued from this troubles and the turkey is management and Disaster Agency tell us that they they believe there are there almost 4 to one more people right now on there the rubble we dont know whether theyre how many of them are alive or how many of them are dead but and search and rescue operation is still underway for result date building. Media is accusing us of by john of using volatile White Phosphorous munitions and nagornokarabakh its use is restricted down to International Law the ministry of Foreign Affairs released this video saying civilian areas in nearby its fire is difficult to extinguish and it sticks to the flesh making its burns more severe. And comes as a medias Prime Minister has asked russia for help and its conflict with azerbaijan is very forces have made advances toward some locations in the disputed nagornokarabakh region. But these in thailand have rearrested 3 pr