Twitter and facebook scheduled to testify before the Senate Commerce committee on wednesday. Examine whether that content liability shield section 230 is still relevant and needed. This is one of the days in the market, im not sure what is happening in the overall dow matters so much to the tech story. April sl about flat on some promising iphone 12 order lead times. Then if you look it at the nasdaq zoom is up amazon, etsy maybe thats some halloween eagerness. Yeah, a bit of a mixed bag today, jon you have the stay at home names you mentioned. Tech broadly lower weve got that doubleheader again this week. A hearing following by earnings from the Big Tech Companies. And its interesting, looking at facebook and alphabet this month, theyre actually outforemaniou outperforming the big tech names. Alphabet is up 8 . Facebook up 7 again, we see the theme. The pressure is on in terms of antitrust and regulatory scrutiny yet, the stock prices not really reacting those are the two names that h
Education arne duncan. We should not be in this situation. Other countries are not. We should not even be talking today. Lost,f thousands of lives the impact on millions of millions of children, education around the country, is extraordinary. It is tragic, there is no easy way to put it. Having said that, on the local level, unbelievable leadership empathy, compassion, urgency. Im talking about superintendents across the country trying to figure out Food Distribution, telehealth, social and Emotional Health during tough times, and yes, education. Horrific leadership at the top and amazing and Inspiring Leadership at the local level. So as a have four kids, parent i am feeling this, my kids are learning remotely as we speak. We are lucky we have access to technology. Still, even i am concerned. What are your biggest concerns about how this could play out . Mr. Duncan on socially, multiple concerns. One is the political pressure could physically open. Open is not to pressure to physicall
Predictability. Strong winds blanket the bay haze fromdark, thick wildfires throughout the state, rolling blackouts as firefighters prevent more fires from breaking out amid extreme weather conditions. Joining us now in new york city, bloombergs abigail doolittle. I hope you have clearer skies than we do today. I want to talk about the tech rebound, the biggest rebound after the worst stretch since march. Saying you nailed it the only certainty is volatility. That is going to continue, it seems the worst stretch since march, and then today, the best day for the nasdaq 100 going back to april 29. The big question is whether it will last. Will investors continue buying the dip, knowing what they know about options volatility going into august . You jump in that huge down. Apple and tesla, certainly a good day for each. Apple, down 4 , excuse me up 4 today after dropping more than 10 over a few days. Nothing changed in that story. That tells you the degree of hesitancy, uncertainty on the
Welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan and jon fortt at post 9 of the New York Stock Exchange giving back about half of yesterdays relief rally as breadth remains poor and the volatility continues and we are going to begin this morning with todays market selloff stocks remain volatile, the dow falling sharply after yesterdays gains, and thats the coronavirus concerns that continue to ramp up. Organizers around the world canceling conferences an trade shows over the outbreak. Ibm joining Companies Like facebook and google in canceling their own events yesterday evening whul others like apple and netflix have pulled out of conferences that are for now still moving forward like south by southwest were joined by Jeff Richards of ggb capital and j. J. Kinehan of td ameritrade. Good morning good morning, jon j. J. , first, what do you make of this volatility, the Market Reaction especially given weve been through months and months of trade concerns that didnt lead t
Good tuesday morning. Welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan and jon fortt live at post 9 of the New York Stock Exchange we begin with text stocks this morning and the continued rally in the sector, another record close, apple, facebook, and alphabet at alltime highs Jeff Richards joins us now along with james lee guys, good morning good morning. Good morning. Thanks for having us so james, im looking at tech stocks up more than 30 in just the last three months. A short list apple, tesla, amd, snap, spotify, zillow. You like facebook and byedo in this market, but how much can you like some of these names given how quickly they have run up yeah. Jon, that very good question we think valuation right now is still very attractive. Look at facebook coming to the year, a lot of investors are very concerned about regulations. I think as we get into the year, a lot of people getting more comfortable because some of the regulatory issues or policy that happened over th