Now, the nasdaq slipping, posting the worst two days in months. Adding to that, tech regulation is tightening across the globe from china to the eu and here in the united states. Just today, we learned that amazon faces an antitrust complaint in europe. Big tech faces a new administration in the united states. This time around, joe biden seems to have a different attitude to the last time he was in the white house. The rotation, we are seeing that from the center of the market. Joe if you look at one of the hottest areas with tech, it is some of those Cloud Computing names, very rate sensitive because so much of their earnings are backloaded. Up until now, one of the hottest etfs all year, down over the last three days. Really, over the last two days, with the vaccine, with the rates moving up, people not willing to pay as much. Caroline the s p 500 index valuations are phenomenal. 21. 9 times future earnings. Maybe with yields taking a little bit higher, only 1 . But, nevertheless, ma
Decision on internet regulation. Also known as Net Neutrality. Joining us to discuss this issue, gigi sohn who served as Senior Advisor to fcc chair tom wheeler for several years, and is going with the Georgetown Law Institute for technology. And Patrick Holly was Senior Vice President at u. S. Telecom, a trade association here in washington, d. C. Before we put on our advocates at, give us a lawyers assessment of what the d. C. Court of appeals ruled. Guest what the d. C. Court of appeals ruled was that the fcc decision and the restoring of the net freedom order was permissible and essentially completely upheld. Its a big win for consumers, a big win for innovators, big win for investment in broadband in america. Essentially what the court said was that the fcc decision to regulate broadband and Internet Access as an Information Service as a module has been for the last 20 years outside of a two years under the title ii order was permissible. Its consistent with Supreme Court preceden
Are gutsy not only because they want to achieve something but because they want to pave the way for others who are going to come behind. Background sounds. Please welcome the 17th president of the George Washington University Thomas locke. [applause] sued a im going evening everyone and welcome to the George Washington university. I am pleased to you to tonight his if it. Presented in partnership with politics and prose bookstore and the second in the George Washington university his president ial extinguish if it series. We want to series last semester to give our students the opportunity to hear from renowned leaders. Individuals who bring them eliminating dialogue insight and inspirations to our campus. Tonight is an honor to host secretary Hillary Rodham clinton and Chelsea Clinton. Our campus. [applause] is i greeted secretary clinton on arrival i remind her that i traded trace the arc of my career with hers. A being at the university of rochester, i welcomed her to our campus. I
Fccs decision and the restoring Internet Freedom order was permissible and was, essentially, completely upheld. Its a big win for consumers, its a big win for innovators, big win for investment in broadband in america. And essentially e what the court said was that the fccs decision to regulate Broadband Internet access as an Information Service, as it largely has been for the last 20 years outside of a twoyear period under the title ii order, was permissible. Its consistent with Supreme Court precedent, and this d. C. Circuit was not going to make a determination that the fccs crassification classification was incorrect. Because its within their discretion as the Expert Agency to classify broadband as an Information Service or as a telecommunication service. What it did also say was that the commission and the one area where the commissions decision was vacated, which doesnt come up until page 121 of the report. Everything up to that point was upheld. That, look, the fcc, you dont hav
Joining us to discuss this issue gigi sohn, former fcc chair tom wheelers adviser currently with the Georgetown Law Institute for technology. And the Senior Vice President at u. S. Telecom, trade Association Patrick halley washington, d. C. Give us of lawyers assessment of what the d. C. Court of appeals ruled. The d. C. Court of appeals ruled that the secs decision was permissible in the industry storing Internet Freedom order. And it was completely upheld. As a big win for consumers and innovators and a big win for broadband in america. Essentially, with the court said to that the secs decision regulate Broadband Internet access as an Information Service as it largely has been for the last 20 years outside of a twoyear. Under the title to order, was permissible. It is consistent with Supreme Court precedent and this d. C. Circuit judge going to make a determination that the fccs classification was incorrect. Because it is within their discretion as the Expert Agency to classify broad