Good wednesday morning welcome to squawk alley. Im john for the with caro quintanilla and Julia Borstin well start with apple, a cost cut for Small Developers josh lipton breaks down the news for us. Here is how the new program is going to work its called the App Store Small Business Program it launches on january 1st and it does represent a big change here. Developers earning up to 1 million during the Previous Year will now be eligible for a commission of 15 on paid apps and inapp purchases, and that is half of apples Standard Commission apple says the new program will impact what it says is the vast majority of developers selling Digital Goods and services on the store. Tim cook saying in a statement the app store has been an engine of Economic Growth like none other, creating millions of new jobs and a pathway to entrepreneurship accessible to anyone with a great idea for investors this change is also important remember, the app store is critical for apple it accounts for an estima
Crushed, lowes falls short. Both retailers see big gains in online sales and Curbside Pickup and the Energy Sector is coming off its best week ever more than 16 gain last week the ceo of chevron will join us in this hour, well talk about is in store for chevrons business and the sector. Well talk about all that with michael wirth. Carl cant wait. Boeing is the story of the morning, jim 617 days on the ground you got baird going to outperform with a 306 target today. I guess well talk about not only how they get this back in the air, american will launch it on the 29th of december, how they market it to consumers. I think that there is a tragedy timeline we had it with chipotle, we had it with a long, long time ago with jackinthebox, taco bell. People tend to forget. The media doesnt forget, but the individual who flies is thinking, well, i want to take southwest or take american theyre not going to ask as they would have a year ago is this the max. And then i think also boeing can phas
Clean up the sand, its going to take hours look at this mess here is one big rig, heres a pickup truck in the middle heres another big rig that flipped over once again the 3 right lanes are closed. This is the spill thats a lot to clean up right so for those of you who are trying to get over to south 6 ad you can get by, but you will be delayed, im just recommending that you go ahead and hop off admission use mission to continue off to fremont darya and james, this is not what they meant when they said bring your own sand to the beach this is not what were talking you see that huge spill take hours to get this cleaned up and out of the way this is in fremont the adMission South a big mess want to look at dire that well thats all you a lapse thats thats not good and this is just one big rig. Thats of all we have at least 4 others that you can back and look at that theres a pickup truck in the middle another big rig on the right that left its going to be the is better than chickens. Beca
Suspending ant Group Listing major issues, this is days before the largest ipo of all time well give you the latest details. And social Media Election strategies how facebook and twitter aim to tackle misinformation on their platforms as voters head to the polls and beyond whatever beyond means, carl. David, thanks guys, were going to be talking all day and all night about arizona, florida, georgia, North Carolina, jim, goldmans got a note out just now saying because it would be difficult if the president does not win any of those states, quote, there is a good chance the election outcome will be clear on election night. Right, i think that thats what the market is saying. So the collectionive voice of the market, both yesterday and not just the morning, but when the nasdaq rallied in the afternoon and today with the futures, people say, we cannot afford after last week with the market being down, we cant afford to wait for the outcome we have to presume the outcome is going to lead to
Since 2016, what Public Policy issues are motivating voters this week and take a look at Political Trends that can give us clues. And we go live now to hear about u. S. Relations with china from assistant secretary of state for east asianing and pacific affairs, david stilwell. The events hosted by the Hoover Institution. Pacific affairs, david r. Stilwell, who is joining us from tokyo today and will address the theme of todays session, covert, coercive and corrupt, counterrerring Chinese Party malign influence in free societies. Following his address, he will engage in a conversation with two leading china scholars, orville shell and arianna movstro. But first, its my pleasure to introduce condoleezza rice. Im delighted to open this session of our project at hoover on chinese sharp power. And i especially want to welcome assistant secretary of state for east asian affairs, david stilwell. This project, i think, is one of the most important that were engaged in because we face an extra