Good tuesday morning. Welcome to squawk alley. Im carl quintanilla. From one market, the information founder and editor in chief, jessica lessing. Good morning to you both. Our top story is one weve been following since the election. That is, controversy over facebook and how it plans to handle fake news. Jessica has an oped and why facebook shouldnt fact check. From the piece she says i simply dont trust facebook or any one company with the responsibility for determining what is true, saying such editorial power in fa facebooks hands would be unprecedented and dangerous. Jessica, lead us to what led you to write this piece. Thanks, carl. So, obviously, misinformation on facebook and elsewhere is a huge problem that so many people have been thinking about this election cycle. And i was, frankly, pretty shocked how many commentators have reached the conclusion that the answer is facebook hiring journalists, editors and Fact Checking. As a journalist now with the wall street journal for
Welcome to squawk alley for a tuesday. Im Carl Quintanilla with Kayla Tausche this morning. Donald trump getting everyone talking today, trump tweeting boeing should cancel the order for two new air force one jumbo jets. Phil lebeau has been following this. The tweet got us asking a lot of questions and people focusing on boeing. A few minutes later, donald trump was in the lobby of trump tower and he followed up with some very strong comments. Listen to what he had to say. The plane is totally out of control. Its going to be over 4 billion. Its for air force one program. And i think its ridiculous. I think boeing is doing a little bit of a number. We want boeing to make a lot of money but not that much money. Okay. Thank you. So what exactly is the air force buying from boeing . Were calling these the air force one replacements. Its two 747 planes. Someone air force one, the other is air force two. 1. 65 billion has been allocated for development through 2019. Theres not money set asi
On squawk street, and this is squawk alley live. Good Tuesday Morning and welcome to squawk alley. Kayla tausche and me at post nine with jon fortt and jason calcaneus joining us as well. And now, our best ever day in china, and we have details with susan at hq. Yes, lets go to hung cho, china where the alibaba is projkting to grow 30 this year, which is some different from the projections of the and analysts. There was an overarching event of the company, and to him, alibaba is no longer a marketplace to sell goods according to the ceo jack ma. We want to have the collective datas are from the consumers and the datas are from the business. Yes, so data is very important to him, and, yeah, basically he is developing the cloud likem amazon and break out in the future, and you know the four major areas for alibaba, the cloud, marketplace, and what they are calling the mobile media and entertainment, and innovations technology, and the big topic that people wanted more clarity on is what
Close to 85 points. Nasdaq up by about 27. Also take a look at treasury yields. Yesterday at one point the 30year hit a record low yield again. The 10year is yielding above where it had been. 1. 458 . Lets take a look at what happened overnight in asia after those strong results here in the United States. It carried out through the night. The hang seng up by 1. 6 . In europe in the early trade markets are stronger there as well. At least most of them. The dax is up 1. 5. The ftse just went slightly negative, but take a look at italy. That stock narcotic up about 2 . Spain the ibex is up 1. 9 . Crude oil prices, you can see equities higher this morning. Yesterday wti closed at a twomonth low. This morning up. On todays economic agenda, theres one report. Expected to show inventory rose slightly, but we have plenty of fed speaks today. Cleveland fed president spoke overnight in sidney. Chef said maintains stability in the Financial Markets should not be an explicit goal for the ed. A lot
27 states and one in particular, the uks David Cameron final remarks including from Angela Merkel that its important to only begin talks once meanwhile, president hollande Martin Schultz summed things up. I think we should not wait until the conservative property. But i understood they want to move forward to september, and i underunderstood the conclusions yesterday in berlin, september could be a trigger. Reporter so all 28 leaders are in a working session at the moments. We heard there from martin schulz, they dont expect negotiations until a new Prime Minister is in place. The working session goes on for about three hours, then a working dinner. I suppose the only remaining issue there is how many bitter ingredients are used by european chefs. Before you go, will, the remarkable speech by nigel farage, thats unbelievable. How much did it antagonize the people in the audience . And what is that doing to the conversation happening right now . Reporter absolutely right. That speech is