Coming after yesterdays euphoria that is part of the momentum growth trade materials and industrials are the only sectors in the green. We have a few more ipos and awaiting more news on tiktok and oracle it will be busy coming up on todays show, mohammed elerian will join us on the on going stimulus stalemate and well speak with Jim Fitterling and shares of Cybersecurity Firm Palo Alto Networks up 80 from the march lows as companies boost protections for employees working from from home the ceo will join us to discuss that trend and much more lets focus first of all on the big stories youre watching. Mike santoli is tracking to days volatile Market Action we have the latest on stimulus in washington and sara has new reporting on the oracletiktok sag yachlt mi saga mike, markets down 1. 4 . The ive been heavy tape all day. We continue this process of sort of undoing that august overshoot to the upside. Ive been focused on levels that we saw back on august 11th thats about 3333 we closed
Executives use over and over, theyve said it so many times over so many years. It is so common, the New York Times charlie war zelle turned it into an acronym. We know we have more work to do. Mark zuckerberg used it just recently when reacting to advertisers pausing their ad spending worried that facebook has not had enough to do with combatting racism and antisemitism on its site. We know we have more work to do, said the facebook founder, but its hardly the first time weve seen it. So why is facebook so broken that it gives a mea culpa so often . Lets turn to an expert, dr. Chris mose studies leadership and institutional complexity at oxford, and he joins us from the university this morning. Good morning, doctor. Our executives feel theyre being pulled in trying to bring the world together through social media at the same time the thing is us arguing with each other, so hes pulled in two different directions. Facebook is very much based on the idea of creating divisiveness at the en
21st century and im christiane washington heres whats coming up today. Likes of which we have never seen before i did this despite a near Record Number of rate increases and quantitative tightening by the Federal Reserve since i won the election 8 increases in total which were in my opinion far too fast an increase and far too slow a decrease. By continued tax from president the Federal Reserve has signaled that it will not flush Interest Rates again this year barring a serious answer that haha was done by mccain lend us a hand full day of the breakdown the feds plan and how the economy may fare during the Holiday Season. In the wake of the we want to Venture Capital is looking to safer investment for returns on their spending investigative journalist than one is back today to show us the fanfare for Silicon Valley and whether hes been a. And i just a fairy tale and later we take you to new york city where streaming has managed to save a movie landmark in the big apple but what consequ
Interest rates in the coming months comments came here which took place during an address to the Greater Providence chamber of commerce in rhode island come as the fed has cut rates by a quarter percentage point 3 times since july of this year the fed chair said policymakers are focused on meeting inflation goals adding it is essential that we at the fed use our tools to make sure that we do not permit an unhealthy downward drift in Inflation Expectations and inflation we are strongly committed to symmetrically and substantially achieving our 2 Percent Inflation objective so that in making long term plans households and businesses can reasonably expect 2 Percent Inflation over time pauls comments come just 2 weeks before the next fed policy meeting which takes place december 10th and 11th now kristie i wanted to ask you the question why is this 2 percent Interest Rate so important a Federal Reserve chairman jerome paul so essentially the fed was created. With 2 mandates they have to do
Save a movie landmark in the big apple but what consequences could this have for the Film Industry as theaters and production mergers arties Trinity Chavez is on the ground in new york to bring us the latest on netflix to dive into the screening sector we have a lot on board today so lets get right to it. You noted states Federal Reserve chairman powell on monday insinuated that there would be no changes in federal Interest Rates in the coming months powells comments came here which took place during an address to the Greater Providence chamber of commerce in rhode island come as the fed has cut rates by a quarter percentage point 3 times since july of this year the fed chair said policymakers are focused on meeting inflation goals adding it is essential that we at the fed use our tools to make sure that we do not permit unhealthy downward drift in Inflation Expectations and inflation we are strongly committed to symmetrically. And that substantially achieving our 2 Percent Inflation o