Years of Government Support and encouragement of the tech industry. I want to show you a clip of where we are today. This is from last year on capitol hill with mark zuckerberg. In front of the senate panel. Lets watch. Car Companies Face a lot of competition. If they make a defective car, it can get into the world and people will buy another one. Is there an alternative to facebook in the private sector . Yes, senator. The average american uses eight different apps to connect with each other. Is twitter the same as what you do . It overlaps but i dont think it is the same. Do you think that you have a monopoly . It does not feel that way to me. Mr. Zuckerberg, would you share the name of the hotel you stayed in last night . Mark uh, no. [laughter] have you messaged anybody this week . Would you share the names of the people you messaged . I would not choose to do that here. This is about the rights to privacy, the limits of your rights to privacy and how much you give away in modern a
And lets get a check on the markets. Stocks are higher hitting record highs again today and get this, the dow on track for its best week in nearly five months there you see the industrials basically flat never the less higher. Welcome, morgan. How are you . It is great to be with you this friday afternoon. Record breaking rally has been led by the biggest names google join iing microsoft in te trillion dollar club for more on that impact from those megacap stocks and what theyre having on the market, were going to go to seema hey, morgan, the reason we care about these milestones is because alphabet and microsoft and apple collectively make up about 13 of the s p 500 and all three are sitting on gains for the year really setting the bar high for earnings this season. Now evaluation metrics for these three Tech Companies shows that alphabet is the only one trading at a discount to its five year average of 34 times earnings microsoft apple are both trading above their historic pes with a
Thompson, seek recognition . Mr. Thompson madam speaker, pursuant to House Resolution, i for up h. R. 5377 and ask its immediate consideration in the house. The peaker pro tempore clerk will report the bill the title of the bill. The clerk Union Calendar number 275, h. R. 5377, a bill to amend revenue code of 1986 to modify the deduction of and local taxes and for other purposes. The speaker pro tempore pursuant to House Resolution in the naturement of a substitute recommended by the committee on ways and means in the bill is adopted and bill, as amended, is read. Ered as the bill shall be debatable for ne hour equally divided and controlled by the chair and ranking minority member of the means. Ee on ways and the gentleman from california, r. Thompson, and the gentleman from nebraska from texas, mr. Rady, each will control 30 minutes. The chair recognizes the gentleman from california, mr. Thompson. Mr. Thompson thank you, madam speaker. I ask unanimous consent that all members may ha
Of the page. [inaudible conversations] it is great to be with you all to celebrate andd discuss n excellent new book of one of our countrys most original and insightful economic thinkers, amity shlaes. Over the course of our distinguished career, she is brought her wide range intelligence and feel for storytelling to some of our countrys leading intellectual and cultural institutions. Amity to serve as a member of the wall street journal editorial board, a columnist for the Financial Times and bloomberg news, and has taught economic history at the stern school of business. Now in addition to a prolific book writing amity serves as a president ial scholar for kings college, chairs the board of the Calvin Coolidge president ial foundation and chairs the Selection Committee for the Manhattan Institute prize, and award she herself has one. Her latest work, Great Society a new history of the 1960s in america is a stunning achievement. Few decades have imprinted on the popular imagination qu
Welcomeon you. Thank you for coming down to tonights terrific program with Charles Schwab, in conversation with adam. We are appreciative to have you here. How many are you are members . Thank you very much but if you e e not a member of this is a great time to join. There are all kinds of traffic programs coming up in a gray building with a great roof deck and programs like the one in d re and there is the gentleman named billy at the back of the room paid hello, thank you, billy. He will be happy to answer questions you may have about joining the club so please see him on your way out. Thank you, george. Youre welcome. Please take a moment and turn off your devices that make noise during the program and while you do that let me tell you about a couple upcoming programs at the Commonwealth Club. On october 31 halloween at noon, fox news anchor bret beyer will be with us. On november 12 is not a comment in that just so you know. On november 12 National Review editor rich lowry will be