Carl quintanilla joining us Spark Capital quinn and roger, good morning to you both pressure continues to mount on Silicon Valley as u. N. Today, leaders from the uk, france and italy will call on social Media Companies to remove terrorist conten from their sites within two hours or be held liable for content on their platforms facebook, microsoft and alphabet are attending todays summit roger, it is sort of a continuation of the political pressure they are getting from all sides. To me its legitimate pressure facebook and google in particular take the position that they are not responsible or accountable for anything that happens on their platform. Given the things that happened over the last year, i think there is a need for the conversation about exactly what the limits ought to be i would think terrorism is only a small peaiece of the problem. Megan, is it possible with todays technology to remove the content in one to two hours. Theres all kinds of nseemly comments on social netwo
Rally pause. Futures are flat as investors await further futures from the feds on its interest plans call it the amazon effect. Shares of bed, bath beyond slashes fullyear outlook. The most destructive storm in modern history puerto rico suffering that direct hit from maria. After another day of record highs for stocks, wall street focusing on the fed which wraps up its twoday policy meeting this afternoon the policy Statement Due at 2 00 followed by the News Conference a half hour later. The watch is on to see what the fed will say about reducing its Balance Sheet. This is the head of the journals finance section today and that is markets uneasy over fed action as this treasury slump, jim, is now the longest since march. Yeah, i mean, i think that were all kind of dealing with the idea that the markets, i looked at that headline and i say, if the markets arent easy, why did we hit a high. Dow jones, s p, nasdaq if for once were not beholden to what the fed says i want to know about th
This morning, tensofthousands path have been forced from their homes. 13 action nes in the town of hesperia who are anxious about their homes and friends. Some choosing to wait things out things out at a red cross shelter. The smoke. It was red. And it looked like it was coming closer to our home. So, we decided to come to the shelter. I dont know if its burned down. I dont know anything. I cant a hold of anybody because theres nobody. Hopefully theyre all gone. Our crews ran into a few dozen that took advantage of this hisperia is located only 15 miles from where that wildfire is taking out homes and other buildings. More than 80thousand people are under evacuation orders right now. This huge wildfire could also affect air quality here in the valley. Greg bennet is tracking the latest with 13 first alert weather. People across the valley are of just how dangerous fighting the state will pay their respects to the firefighter who lost his life while fighting the strawberry fire. 13 acti
We have an accident on the southbound side of merrick parkway near exit 31. It is still being cleared and expect some delays. You can see a little delay building as you go in through that spot. If then on the cross county parkway going westbound, just west of the hutchenson river parkway. Another accident is being cleared. Now going into norrisburg and tunnel e. Avenue, check out the red line of volume right there. Once you pass that that delay continues up into 495 which of course is road that leads you to the lincoln tunnel. Lincoln tunnel is five minutes, the holland is five. The George Washington bridge you have just a minor delay there. Going to the Tappan Zee Bridge the speeds are down the 45 miles per hour. To 45 miles an hour. N. And q. Trains still some problems at avenue j. Street cleaning rules are in effect. Over to you. Breaking in newark a Police Officer interimmed a robbery and then shot and critically wounded a suspect at a gas station, this happened after midnight and
Augusta in the last pu minutes. Hell be here in studio. Futures are suggesting well have a positive open. Dow would open higher by 24 points. Nasdaq would open flat by 2. The corporate story of the morning, shells mega deal. Its the Biggest Energy tie up in more than a decade. Seema mody joins us from london with all the details. Seema. Hey becky. Good morning, its one of the industrys biggest deals in a decade. Shell paying 70 billion which represents a 50 premium to bgs Closing Price yesterday. Now the ceo of shell earlier this morning on cnbc europe explained why this deal makes since and how its not a bet on Lower Oil Prices. This is not a bet on the oil price. This deal works in a whole range of oil and gas prices. Of course we still believe in the longer run in a few years time we will see the longterm fundamentals will assert themselves. We see Higher Oil Prices than what we see at the moment and this deal will look not just very good. It will look fantastic. This deal gives u.