The dow. It accounted for about 74 points of the declines of the dow that came after we heard from jeff bezos, Warren Buffett and jamie dimon that they will try to take on healthcare on their own. The reaction from healthcare was swift and serious. This morning, though, green arrows across the board. The more you talked to people yesterday who tried to understand what they were doing, i think the selloff may have been too far i spoke with ana gupte who was on with us, she had time to digest it. She said this is a buying opportunity. Anything that happens will take years. If will tait will take a lone what i did hear a lot of yesterday is other ceos looking at what theyre doing and saying we should do this, not necessarily to gang up on this. But looking to cut their own costs. The question the bigger the pool you get, the more complicated it gets. You could see the whole Business Roundtable deciding were going in together as a collective. You have younger workers this gets interesting.
Welcome, as tyler set, stocks bouncing back from the work week in two years, the dow up, the action in the bond market yields on the benchmark tenyear coming back to fouryear highs, justened 3 . Perhaps thats spooking investors in consumerrelated stocks, some retailers are sees losses, it is, though, a full steam ahead. That stock is higher after raising the different. No whopper here. Burger kings parent bead the street courtney, welcome. The do you soaring, the s p 500 back above its average. Bob, what is going on here today . Actually its time for the point moves, look at the sectors here, the old growth sectors we used to talk about, reits are down, thats not surprising, but lets look at the markets. Breadth is good. 5 to 20 advancing to declining stocks, the volume, believe it or not, just average weve had enormous volume in the week and a half, volatility has been dropping today, a bits unusual. With the peak gains today, the three major averages have recovered nearly half of the
Second, they may be inhibiting their ability to explore world markets. And i dont care what country you are, even if the Global Economy is bigger than you are. Dont cut yourself off from access to it. The same message needs to get to the european who is are struggling with a Single Market which at the same time may be accidentally preventing themselves from participating in a Global Market and letting the Global Market participate in the european one. So my message has always been economic. It is in your interests, mr. President , to invest in the internet, to keep it as open as possible and to allow your creative population to make use of it. No country has a corner on creativity and invention. Its uniformly distributed throughout the population of the world. Its just that the people with these ideas dont always have the wherewithall and support in order to explore those ideas. I will give you as a concrete example of that, how many folks come from india to the Silicon Valley or seatt
Something. Thank you. Thank you so much for the discussion. Im show jen from china daily. Speaking of asia and china, i want to ask what china and the u. S. Could do to cooperate in terms of Scientific Research and manufacturing and also the promotion of the new technology of Energy Sources and what is the role of ecp in this cooperation. And also, how they effect the economy, the politics an the bilateral relationship between china and the u. S. Thank you. Steve. [ laughter ] that is a big question. So i will take a stab at this but then im handing it straight over to you. All right. Only because your right inside of the game and this is that the cooperation, in my own view, will happen after the innovation. The competition is too stiff, the stakes of winning are too high for any of the countries to cooperate with each other. You are not going to have, for example, japan handing over its innovations to china, to south korea or south korea doing so with china or the United States doing
Have the legal basis to enforce your Net Neutrality preferences. And so i think wheeler had three possibilities. One, do nothing, in which case the Net Neutrality notions to the extent that people agree they are helpful and useful and preserve user choice would simply not succeed because of the lack of legal basis for fccs enforcement. The second possibility would have been to get the congress to create a new title in the Telecommunications Act specific to internet. Some of you will remember there was a brand x decision, this is the cable the Cable Companies and the Telephone Companies were saying were not regulated the same way. This is correct. There are two different titles in the telecom act for dealing with the entities and they were both providing Internet Service and the complaint was they are providing it under Different Ground rules and this isnt fair. And the question was what to do. The question was to get the congress to adopt an internet title appropriate to the internet t