The copyright ability question in this case. Oracle has a copyright to the computer code in java. Right to the functions and oracle cannot leverage the copyright to create patent rights. Under their murder doctrine there is no copyright protection for computer code that is the only way to perform those functions. Java developers have the right to use certain commands to create applications for google, android platforms. To work the commands require google to reduce a set of declarations from java fc. Because there are no substitutes oracle is claiming the exclusive right not merely to what the declaration is saying but to what they do. That is not a copyright, it is a patent right. Reusingtice of interface is critical to commuter software. Reusing the declaration allowed developers to write billions of creative applications that are used by more than a billion people. Those policy questions are almost academic because the issue is not one this court would find fair use. The standard of
More positive. Barclays misses First Quarter estimate with 2. 1 million in credit impairments investors navigate unprecedented conditions caller what they are doing at the fed in terms of her majestys and the banks. Well watch two tsunamis hit at the same time. Investment banking provides a boost. Telling cnbc credit losses are manageable despite more pain to come this year will be more difficult than any of us anticipated. We are doing anything we can in anticipation of our risks and costs to preserve the capital that we can. Airbus blaming limited visibilityas 60 aircraft could not be delivered due to the outbreak not as bad as advertised shares of alphabet rally after the Google Parent Company said the slow down is easing, beating more pessimistic forecasts a very warm welcome to street signs this morning. Lets get a check on the european markets trading in the green. It has been a choppy session we saw the stoxx 600 slip below the flat line now. The ftse 100 up about 1 we have the
During the financial crisis, the peak was about 695,000 in one week first we have our full Team Coverage the house gets ready to vote on stimulus package bob is watching the wild swing in stocks. Steve on a surprising move from the Federal Reserve chairman lets start with kayla the house of representatives is set to vote tomorrow morning. Its expected to pass easily businesses and workers are pursing the nearly 900 pages of legislation to find out how they can access the funds provided. The treasury secretary offered clarity saying the direct Cash Payments should be received within three weeks fore kwlouclosures and eviction be put on hoeds and Small Businesses should be able to use some of these loans to rehire workers that were laid off and large share of the unemployment claims we saw in the last week there were some businesses that were left out. Democrats removed language that would have provided 3 billion for the administration to buy oil. The Postal Service got 15 billion less t
Beyond meat. Ten year 1. 83. Caseshiller up 3. 2 year on year road map, record watch the s p at the all time high dow and nasdaq not far behind. Streaming wars, hbo max, details coming today david is live in los angeles ahead of the warner media investor day and some tough questions for boeing what to expect as Dennis Muilenburg testifies later today. Well start with the markets, a day after the s p hits the 12th all time high and the 14th record close of 2019 jim, halfway through earnings season here. What does it all mean . I think you go back and i was going back and looking at some of the big Billionaire Hedge Fund managers and what they have been saying and almost in unison said, look, you got to be very careful. It cant last. Numbers can go back to the negative the companies arent letting it happen the companies, for the most part of, the Biggest Companies reporting great numbers. The classic one is merck last week, merck got hit down to 79. 80. Bristolmyers, a cocktail, that was
Obviously, thats a big story of the day. We have big trade alerts in tech specifically we have josh and jim all hitting the button today, but in different areas. Josh, you just bought netflix here down about 2 . Why did you buy it what are you seeing here is this trade . Is this investment tell us what you are seeing. Right now its a trade. Ive done this before with netflix. When this stock blew up in, i think, april of 2022, it was, i think, like one of the best buying opportunities for a large cap growth name of the year. And it took a while. It wasnt like a vshaped recovery i dont know that well get a vshaped year. Once again, the stock is blowing up because the quote, unquote longterm shareholders here continue to embarrass the brand. I cant believe that we saw reaction like we did about them reducing the subscriber guidance it is such a childish metric to begin with it is people that dont own a business think that thats like an important thing when in reality, the company is telli