Good friday morning. Welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan at post 9 of the new york stock exchange. Jon fortt has the day off. Weve cut our losses in half since the open, although oil is approaching below 42 know v now as the opec meeting continues. Well begin with the mornings markets, the dow falling again but well off the lows, down about 380 points. Mark mahane knjoins us live alo with mark just in the internet space, the fact that so many investors are trying to game out what the impact here of covid19 could actually be on the sector. How are you gauging, how are you assessing risk versus reward within your coverage okay. We had a pretty significant data point this week. We had the ceo or the cfo of Companies Like uber, lyft, and Google Alphabet all present at an Investor Conference this week i think what we heard from all of them is not yet a Material Impact lyft said they were seeing a small positive impact because people were leaving Public Transport
A quarantine. Volatility is gripping the worlds major stock markets is the crowd a virus pandemics and share values plummeting tokyos nikkei index closed friday down 6 percent thats after it plunged more than 10 percent opening along with markets in thailand and india it follows wall streets biggest drop since the black monday crash of 1987 theres another concern in the u. S. To delay in testing for the virus the Top Health Official says the Current Situation is failing but that more testing kits will be made available in the coming week meanwhile over in europe schools across much of the continent have been closed for towns and spain have gone into lockdown and the country is rolling out economic protection mischas lets take a look now at the Johns Hopkins university tracker for the global picture here it is these live numbers as you can see the total number of confirmed cases there has surpassed 128000 over here we have the total number of deaths at 4720 and the total number of peopl
Volatility is gripping the worlds major stock markets as the coronavirus pandemic censure values plummeting tokyos nikkei index closed on friday down 6 percent thats after it plunged by more than 10 percent on opening along with markets in thailand and india now it follows wall streets biggest drop since the black monday crash of 1987 theres another concern in the u. S. To a delay in testing for the virus a Top Health Official says the Current Situation is failing but that more testing kits will be made available in the coming week in europe schools across much of the continent have been closed for towns and spain now going into lockdown and the country is rolling out economic Protection Measures lets take a look at the job. Hopkins university tracker for the overall global picture there are now more than 128000 infections worldwide 4700 deaths and 68000 people have recovered from the corona virus live now to seoul and our correspondent rob mcbride so rob lets talk about the markets th
Emerging 5g technologies an effort to secure networks while the transition begins. The Senate Committee is chaired by roger wicker of mississippi. Good morning, and welcome to the newly restored Committee Room of the commerce committee. I want to thank senator blunt of the rules committee and the architect of the capitol for their effort in restoring this room and welcome all of you to a history making hearing. The first hearing in the newly opened room. Today the committee convenes to discuss the security and integrity of the telecommunications supply chain, that is to say the equipment and services that make up a Communications Network. I welcome our distinguished panel of witnesses and thank them for appearing. Today we will hear from mr. Steven berry, president and chief executive office of the competitive carriers association, mr. Jason boswell, head of Security Network Product Solutions at ericson, ms. Asha katie, Corporate Vice president and general manager of next generation an
The Senate Committee is chaired by roger wicker of mississippi. Good morning, and welcome to the newly restored Committee Room of the commerce committee. I want to thank senator blunt of the rules committee and the architect of the capitol for their effort in restoring this room and welcome all of you to a history making hearing. The first hearing in the newly opened room. Today the committee convenes to discuss the security and integrity of the telecommunications supply chain, that is to say the equipment and services that make up a Communications Network. I welcome our distinguished panel of witnesses and thank them for appearing. Today we will hear from mr. Steven berry, president and chief executive office of the competitive carriers association, mr. Jason boswell, head of Security Network Product Solutions at ericson, ms. Asha katie, Corporate Vice president and general manager of next generation and standards at intel, mr. Mike murphy, chief technology officer, americas at nokia