Questions for them. Susan yours is the story of 75 years of Government Support and encouragement of the tech industry. I want to show you a clip of where we are today. This is from last year on capitol hill with mark zuckerberg. Lets watch. The Car Companies face a lot of competition. If they make a defective car, people will buy another one. Is there an alternative to facebook . Yes, senator. The average american uses eight different apps to connect with each other. We provide a number of services. Is twitter the same as what you do . It overlaps but i dont think it is the same. Do you think that you have a monopoly . It does not feel that way to me. Mr. Zuckerberg, could you share the name of the hotel you stayed in last night . Uh, no. [laughter] have you messaged anybody this week . Would you share the names of the people you messaged . I would not choose to do that here. This is about the rights to privacy, the limits of your rights to privacy and how much you give away in modern
Technology. Coming up in the next hour, secret project. Have a team to working on Satellite Technology to be an Internet Services to devices. It will allow it to bypass Wireless Networks. Latest. Plus a pay raise. The reins, akes receiving a 242 million exception package. Details. Ve and big tech in 2019. Of the ent from one most anticipated ipos to a floundering company just survive. O we look at what it faces in the new year. But first to our top story, loomberg was the first to report that the iphone maker has a secret team working on a Satellite Technology. To find new ways to bring data directly to its devices. According to people familiar with the matter. He company has got a dozen engineers from the aerospace antenna Design Industries working on the project with the hope of deploying their results years. Five for more i want to bring in bloomberg technologies. What do we know about the so far . We know its top secret. Its operating like a startup inside apple. Has the ear of tim
Too. Tenyear well above 1. 8 and 1. 822. A developing story from china with big implications for u. S. Companies the Financial Times reporting that the communist party now ordered all state offices to remove foreign hardware and software within three years. This could hit firms like microsoft and dell, hp, especially hard. Now analysts estimate 20 to 30 million pieces of foreign equipment would need to be ultimately replaced. The order is not yet public yet but was described to the ft by two Cyber Security firms so this is going to this is like the fallout from huawei this is the fallout from huawei everybody out of the pool at one time think about microsoft and by the way one of the names not on the list, apple. Interesting where is apple . Apple doesnt do a lot of enterprise work in terms of corporate maybe not government. Maybe not government work but. More of a consumer play i dont know. I was thinking about that this morning. Where apple plays in that. Apple is obviously threaded
The hallucinogenic drug known as l. S. D. Is making a comeback but only in very small doses the effects are barely perceptible. Still many users report a positive experience. Just feel little bit happier to feel a little bit lighter you feel a little bit more open. A little bit more energy a little more caution leave like on top of things. L. S. D. Has helped some people to deal effectively with psychological problems. Rituals are nuts at least in my neighborhood to talk. Until i believe that l. S. D. Saved my life it gave me hope again. Many users say that l. S. D. Has allowed them to rediscover themselves but this process can sometimes produce strong emotions. I feel is here to grab me. But thats the. Thats my younger self thats the thats the very person i saw when i looked at the mirror as a child. Is that okeefe looking for you those holcombe really weird. But the use of psychedelic substances can also end in tragedy. For a number of different reasons. Does this lead to clues you d
The s p 500 by the way is having its best year since 2013 we do have a if you more trading days left in the year and you can still notch the best year since 97. Well see where things shake out but people are already apparently going for the egg nog. Trading was little light, as they say down here today certain lay different tone from last years Christmas Eve joining us to talk about the markets. The senior Portfolio Manager paul hickey, cofounder of the Investment Group and the Portfolio Manager. Great to see you all ill start with you. What do you make of todays Market Reaction . Yeah. Just light volume. I do think this year were in a complete market meltup. Kind of an interesting time where things can get a little bioverdone and i would be kind of cautious here and look to maybe take some profits and sell some of those names in the portfolio. It might be overvalued here. And i would understand if you think that you do get some selling once you turn the calendar over. People dont want