President donald trump the president will reportedly target facebook and twitter in an executive order regarding social media according to a draft that appears to have leaked online now the draft version of the order which could still change names Facebook Google and twitter and targets a section of u. S. Law under which tech platforms largely arent liable for what their users post and are fairly free to police content joining us now to discuss the above cohost investigative journalist of course ben swan now. Theres a lot on packer what exactly is the rule that President Trump is attempting to amend and why is he actually doing that and how big of a deal would it be for these social media companies. Yes so for started at the very end there its a very big deal its actually something ive been calling for for about 2 years the president now talking about whether or not he can or cannot do this the truth is we dont even know if the president can do this lets talk about what hes trying to d
Decision not to return. Are they flexing their muscle on this because they think they can and they could start earlier than other Small Businesses in the area . Im sure they are flexing their muscle and we got to make sure we are fair to everyone and tesla does not get any special privileges of the other businesses dont get. Reporter the Alameda County Sheriffs Department releasing a statement late today saying, we are addressing this matter using the same phased approach we use for other businesses which have violated the order in the past, and we hope that tesla will likewise comply without further enforcement issues. Tesla maintains they have a return to work playbook that these employees that are back on the job have health and Safety Measures that theyve been going through the guidelines, but coming up at 6 00, we talked to that particular employee who says he still doesnt feel safe hitting back onto those lines and he will explain in detail why, all that story coming up at 6 00.
A major disruption in the travel industry particularly airlines as we dig into the struggles of the sector we have a packed show today so lets dive right in. And there is a big move coming from u. S. President donald trump the president will reportedly target facebook and twitter in an executive order regarding social media according to a draft that appears to have leaked online now the draft version of the order which could still change names Facebook Google and twitter and targets a section of u. S. Law under which tech platforms largely are liable for what their users post and are fairly free to police content joining us now to discuss this with a bunch cohosted investigative journalist of course ben swan now ben theres a lot on packer what exactly is the rule that President Trump is attempting to amend and why is he actually doing that and how big of a deal would it be for these social Media Companies yes so lets start at the very end there its a very big deal its actually somethin
Remain independent. Economy ts, the global takes precedence over the geopolitical tensions between the u. S. And china. The price of the bailout. Brussels set its criteria for backing the state aid pac package from berlin. We are just under an hour away from the start of cac equity trading in europe. Ets take a look at where the u. K. Markets were closed yesterday. They didnt get that take part in the risk on rally that we saw across the continent. We also see u. S. Equity futures rising. U. S. Cash trade was also closed yesterday to honor the memorial day holiday. As a result we see futures in new york up about 2 on the dow and nasdaq futures as well as s p futures up 1. 8 right now. Lets get your first word news. Here are todays top stories from the bloomberg terminal. Once a virus hot spot in europe, italy reported the fewest cases since february. Below 100 for a second day. The global death toll tops 340,000 with 5. 5 million cases confirmed. In england, Outdoor Markets and car sho
Or was it the real economy rearing its increasingly ugly head every day that the average goes down, the dow slipped 102 points, s p shed 7 p. 8 , are we having Great Depression style unemployment 38 million jobless claims or another garden variety sell off in the wake of another major rally . Ill give you a hint its not the economy driving the bus. I know the markets incredible rebound the last two months seems totally out of sync with whats happening in the rest of the country. Wall streets become divorced from main street and were told thats unsustainable the thing is im not so sure this morning on squawk on the street, i kicked this idea around with david faber and carl quintanilla. David was incredulous i thought we were seeing a garden variety selloff, not some reckoning mass sell off in unemployment. Another 2. 4 Million People filing for jobless benefits this very week. Remember we get those claims thursday morning lets start with the positives that help stem the bleeding today