Finish on the barrons round table tonight but at a safe distance, ben leveson, carl english and jack howe. Ben, first to you. Lets talk about whats happening in the market right now. In the beginning of the bear market, we had that crazy panic stage, lots of missed pricings. Now things seem to have settled down, investors maybe trying to find what the right prices are . They are. Or at least they, you know, theyre making bets that some kinds of companies are going to have a lot of trouble going ahead, and thats your traditional retailers, airlines, cruise companies. After rallying last week, theyve gotten hit very hard this week. And there are companies that have been winners including Biotech Companies who are working on treatments and vaccines for coronavirus. And theyve done very well. The one strange one is energy which has been among the losers but had a fantastic week because of reports that maybe we could see some production cuts to oil, and that would help drive the price back
It was being called the christmas protest. Three big hours for you. Buckle in. Merry christmas. Varney company about to start right now. Charles huge gains for the markets this year. The calendar year, in fact, has wall street looking extraordinarily well. Want to bring in market watcher Rebecca Walser on these gains and of course, at this point in time, we always look ahead. What do you make overall of this market, considering all the negative headlines, all the negative speculation . First to have this kind of market is really remarkable. Charles, it is. Merry christmas. Im having such a great retail season high. I dont care what the retail experts, you know, were expecting. We got 3. 4 growth and Super Saturday, charles, the biggest shopping day ever. 3. 4 billion on Super Saturday. Thats what happens when you have a short Christmas Shopping season, right, from thanksgiving to christmas. Charles yeah, no doubt about it. And i got to tell you, its anecdotal but as i looked around at
Twitter send us a tweet at cspan wj and facebook or facebook. Com cspan. Couple of the polls that have come out since thursday since the last of this weeks hearings and let you know about some of our political coverage starting with the intersection of the debate and the impeachment hearings. Jerry simon writing impeachment invades the democratic primary. For the good portion of the campaign, it sounds like it feels like an intrasquad basketball game. The same side scrimmaging against one another. Outside forces began to muscle into the president ial primary primary contest. The first force was president taught President Trump, not of his own accord. The biggest was hearings on the possible impeachment that paid out played out in the house of representatives, in particular a hearing on wednesday dominated the news and stole much of the spotlight that otherwise would have gone to the democrats president ial debate. Not surprisingly, the first question was directed towards Elizabeth Warr
What is he proposing, and what do you think . Patrick a lot of the principles of this regulatory policy come from the 20th century and even the 19th century. We are talking about overly prescriptive government regulation managing the minutia of the policies of technology companies. He is talking about very prescriptive regulations in terms of how these Companies Use data. There are good things about the policy, i would say, things like reempowering congress through the office of technology analysis. So there are good parts of the proposal in terms of wanting to create more education, more knowledge, out of the companys work and how the digital economies work. But there are also things in this plan that resemble what we see in a lot of plans coming from both sides of the aisle. I would say this plan shares a lot of similarities with things proposed by senator josh hawley and other senators in terms of regulating how you interact with platforms, the amount of time you spend on the platfo
Two fatal accidents. European markets are open and they have opened up in positive territory. Its been another big week of global trade tensions and brexit worries, so well talk through it all with newsnights economics editor, ben chu. Quietly, ever so effectively, microsoft is winning the corporate cloud game. But in an age where brands like apple and google dominate, we want to know do you still use microsoft at home as well as work . Get in touch with us using the hashtag bbcbizlive. Hello and welcome to business live. We start with the only one tech giant that is valued at more than a trillion dollars. Its not amazon or apple, but microsoft. And it has just proved again why it is the worlds most valuable publicly traded company. Injust three months, this giant brought in almost 34 billion in revenue. About the same amount as the value of cypruss entire economy. And unlike a number of the tech giants, this company is actually making money. In fact, 13 billion of profits. How . Offic