Good tuesday morning. Welcome to squawk alley. Im carl quintanilla. From one market, the information founder and editor in chief, jessica lessing. Good morning to you both. Our top story is one weve been following since the election. That is, controversy over facebook and how it plans to handle fake news. Jessica has an oped and why facebook shouldnt fact check. From the piece she says i simply dont trust facebook or any one company with the responsibility for determining what is true, saying such editorial power in fa facebooks hands would be unprecedented and dangerous. Jessica, lead us to what led you to write this piece. Thanks, carl. So, obviously, misinformation on facebook and elsewhere is a huge problem that so many people have been thinking about this election cycle. And i was, frankly, pretty shocked how many commentators have reached the conclusion that the answer is facebook hiring journalists, editors and Fact Checking. As a journalist now with the wall street journal for
Uh, weve got the market weaker. We were looking at a positive showing, but at the end of the day, things rolled over. There were rumors in the market about new developments out of syria. That seemed to unnerve investors at the end of the day. Mentioned earlier, we had 500 million for sale. That certainly showed up at the end. Mary thompson with the week that was. Reporter maria, as you mentioned, the market snapping a losing streak, the first gain for the dow in five weeks. For the week, that is. Of course, ending the session on a down note. Lets look at how the three major indices performed. Modest gains. The nasdaq was the best performer. The dow up about. 8 . Now, ratesensitive stocks were the winners in todays session. But for the week, they were actually the laggards. Reits, utilities, telecom, the groups that lagged the broader markets, games to the plus side, though, we did see gains in i guess i should take that back. Reits did perform better. To the upside, we saw strength in