Whether or not at this point in the economic pandemic cycle they need to spend that bullet. They will be doing some things that are more accommodative. It will be difficult for them to reverse that policy somewhere down the road. Jonathan mike swell of Goldman Sachs is with us. On treasuries, on bad news being bad news, is that your view of things, how high can we take 10year yield . Mike great to be with you, jonathan. On the there is a cap treasury market, and its really the result of looking away from the slow term where there are certain instances where people think about growth postcovid. We see significant vaccine implementation. The jobs report, it will take a long time to get back to normal. The fed will be on hold for the foreseeable future. As a result, you will not see a 50 basis point increase in the 10year. People should sit tight and recognize that rates will stay low for the foreseeable future. Today proves that we will be in this odd situation where markets will look fo
Dorsey, and alphabets sundar pichai, are set to testify virtually tomorrow. Section 230hange could have longterm ramifications on free speech on the internet. Banned news political ads. We will ask Cambridge Analytica whistleblower as part of our special electioneering series. First, lets get a read on stocks and microsoft results. Abigail doolittle with us from new york. Big beats out of the gate. Abigail in the after hours, they are trading higher. Although i think what we are about to look at could be all over the map at the moment. They are talking about the idea that further lockdowns could hurt demands. Their Cloud Business was weak. Microsoft Cloud Business very strong. That was a piece of the beat. Maybe part of the business that could have gone to microsoft. Again, after hours, this stock is trading higher on the year. Valuation is rich, but the theter is good enough that stock is doing just fine. The s p 500 index and the dow down once again. The nasdaq climbed sharply higher
Coming up in one hour, pittsburgh postgazette julian rao on pennsylvania as a battleground state. More on pennsylvania with susquehanna universitys Nicholas Clark. Host good morning. Well begin this morning with testimony on capitol hill yesterday we from yesterday from the ceos of google, facebook, and twitter. They were asked to talk about their social media influence. We want to know from you this morning, do you think these companies have too much power . Republicans, 202 7488001. Democrats, 202 7488000. Ndependents, 202 7488002 you can also text us with your first name, city and state, at 202 7488003, or post your ,omments on twitter, cspanwj or facebook. Com cspan. This headline about yesterdays ted cruz slams twitter political restrictions. Google, facebook, also face liability. Heres what the senator all what the senator had to say yesterday, questioning jack dorsey, alleging that twitter is biased against conservatives. [video clip] ondid twitter block stories copies of the pr
Administration looks at the reopening of longshuttered trade routes mean for u. S. Business, not just israel and of course these other nations, but u. S. Business and could saudi arabia and maybe even iran be next to step up . The president s director of trade and Manufacturing Policy, Peter Navarro, will join us live on what this relationship might just do to boost trade in americas struggling covid economy. Rivalry on the baseball diamond still in full swing. Game three of the world series set for tonight. The Major League Baseball organization is going high tech to help you light up your social media with grand slam videos of your own. Find out how the mlb film room is taking a place in the google cloud. Narrow tech trading in play as the prospect of a stimulus deal remains on mothballs on capitol hill. Dow jones industrials down 61 but the s p just popped up to positive territory, better by three. The nasdaq up nearly down nearly five points. All of the major indices appear to be h
For almost 25 years, the preservation of Internet Freedom has been the hallmark of a thriving Digital Economy in the United States. The success has largely been attributed to a light touch Regulatory Framework and to section 230 of the communications decisions the act, the 26 words they created the internet. There is little dispute that section 230 played an early role ofthe Critical Development Online Platforms. It provides protection from liability to remove and moderate content that take what their users consider to be obscene, filthy,cinius, excessively violent, harassing, or otherwise objectionable. This shield has been pivotal in protecting Online Platforms from but it has also given these internet platforms the ability to control, cycle, and even censor content in whatever manner. The time has come for that free pass to end. 230, 24 years of section much has changed. The internet is no longer in emerging technology. Companies before us today are no longer scrappy startups operat