The strongest week since back to april. However, you have to put that in context. Two weeks ago was a lousy week in fact, two weeks ago the dow lost just over 1800 points, down by 1833 points last week the dow was up by 1821 points so that was a giveback for the dow kind of starting things over if you look at the other major averages, they got back much more ground than they had lost the previous week. Last week the s p was up 329 points after being down 195 the week before and the nasdaq was up by 983 points last week after losing 636 points the week before but again these gains this morning are significant ones they are adding to what we saw last week. Also, take a look at whats happening in the treasury market youll see that right now the treasury, the tenyear, is yielding 0. 812 so its stabilized after bouncing around quite a bit during the election and the election counting last week stabilized at 0. 812 andrew thanks, becky our top story this morning, president elect biden wastin
Said this hearing will her were turned to order and we understand that senator moran is next so sir you are recognized. Chairman wicker thank you very much and thank you for you and senator cantwell hosting this hearing. Let me address initially this topic that seems to be primary today and then that is of data privacy. Let me ask all three witnesses how much money does your company stand annually on content moderation . How many people work in general in the area of content moderation including by private contract . Let me start with those two questions and ultimately want to ask you how much money does your company spend independently on lawsuits for content. See that mr. Zuckerberg do you want to go first . Senator we have more than 35,000 people who work on content and safety review and i believe our budget is multiple billions of dollars a year, upwards of three or maybe even more billion dollars a year which is a greater amount in revenue in the sense that we are spending more on
Of the character of our political system and its volatility. Scarcely more than one third of our chief executives, beginning in the 18th century, have been elected to a second term for one reason or another. Eight have died in office. Four have been assassination. Five have been elected without popular majorities. Three have been impeached, two of those in the lifetime of many people with us here today. Of all of those numbers, the one i want to of the size most, is the number one. By that i mean that the president is simply one of the 536 elected officials in washington, d. C. Strictly speaking, it is 537, 535 members of congress, and the im treating the president and Vice President for this purpose as a single entity. So the president is one of 536 elected officials. When i reflect on that asymmetry between the one president and 536 other federal elected officials, im reminded of a quip by the journalist theodore white, who wrote several books on president ial elections beginning in
Said this hearing will her were turned to order and we understand that senator moran is next so sir you are recognized. Chairman wicker thank you very much and thank you for you and senator cantwell hosting this hearing. Let me address initially this topic that seems to be primary today and then that is of data privacy. Let me ask all three witnesses how much money does your company stand annually on content moderation . How many people work in general in the area of content moderation including by private contract . Let me start with those two questions and ultimately want to ask you how much money does your company spend independently on lawsuits for content. See that mr. Zuckerberg do you want to go first . Senator we have more than 35,000 people who work on content and safety review and i believe our budget is multiple billions of dollars a year, upwards of three or maybe even more billion dollars a year which is a greater amount in revenue in the sense that we are spending more on
Babies. The Game Stop Frenzy continues with backlash against robin hood for redistricting amateur trading. Good morning and welcome to morning joe. Restricting. It is friday, january 29th. With us we have White House Reporter for the asci press, jonathan lemire, Michael Steele, and former aide to the george w. Bush white house elise jordan, msnbc analyst as well. So we will get to the latest in game stop. That story ahead. Plus, a full year into the fight against covid. And were learning troubling details about the pandemic. A federal investigation found that u. S. Officials who greeted american evacuees from wuhan did not have training in Infectious Disease control and were told not to wear masks. Thats according to the washington post. The states Attorney General is investigating why the Cuomo Administration failed to report 3,800 Hospital Deaths as being linked to nursing homes, an undercount of 40 . Weve got details on both of those stories coming up on morning joe. But we begin wi