Welcome to squawk box. Im becky quick along with joe kernen and Andrew Ross Sorkin. Futures are indicated higher this morning, triple digit gains for the dow up by about 167 points but yesterday was a big down day for the markets. Dow was down by over 400 points, 1. 4 the s p and nasdaq done evz nasy even more. This morning s p indicated up by about 25 and nasdaq looks like it would open up by over 100 points fairly significant obviously everybody watching what will be happening with the stimulus talks with the deadline that nancy pelosi has said for later today. Lets take a look at the treasury markets ahead of that, you will see that the ten year looks like it is yielding 0. 777 so a little stronger yields for the treasury markets right now but andrew, obviously washington is where people are watching and that is exactly where well go because House Speaker nancy pelosi and Steve Mnuchin are saying that they are making progress in their latest stimulus talks with time running short of
House democrats accuse apple, google, facebook and amazon of abusing their market power and that Congress Needs to rein them in. Eli lilly asking the fda to authorize emergency use for its experimental covid19 antibody cocktail those shares are rallying ahead of the open. Jim, markets trying to do a bit of a reset now as goldman weighs in this morning and says airline stimulus likely, further ppp probably not likely. What are we . Well, i mean, i think that the market went down after what the president said the president was talking about market hitting new highs and the only person that was sending them down was him. I think he does react. I think it is probably, youre not going to get that, say, listen, the dow was down, there is really in other reason. He completely dismissed Speaker Pelosi i dont know what he did with what secretary mnuchin was speaking about, whether there were phone call going on and they were irrelevant obviously he addressed the fact that the senate was interes
Cause. To prove. Only was poisoned with. Us Vice President ial hopefuls. Only t. V. Election debate but it was a flying. Headlines. Transformed d working life as we know it so if you go speak to the president of Global Workplace and find out. With your latest global news update join us again. Social media. Millions of people together how to control what we think and how will leave without us even knowing it im joined today by tim kandel former facebook director online to zation expresident of contrasts and the c. E. O. Of moment at. Tim kandel former phase of director former president. App great to have you with us and i have so many questions for you where do we start. Right so obviously during this pandemic radar screen time on social media is way up i mean do you feel that this increase will be permanent or are we going to sort of when else once were allowed to freely roam again. Its hard to argue predict the future. I mean i think weve seen a surge. In doing this because people tur
Using technology to complete to compete for our attention which they then sell to advertisers but heres a question from someone that has worked on television for most of her life hasnt he been doing the same thing for decades now i mean i mean weve heard the same arguments against brainwashing its manipulating break throw it out isnt social media just. New sort of t. V. Yeah i think its a great question. There are a couple things that id say one is that t. V. Is just not as good at being as addictive as social media and thats for thats for a couple reasons one is its not interactive and 2 is its not personalize to us right the content that i see on t. V. Is not about my social world it doesnt it doesnt reflect. My popularity and my standing it doesnt it doesnt allow me to compare myself to other friends or colleagues in the way that social media does so social media really allows me it really it really preys on a bunch of things in kind of my animal brain that really get me addicted yo
Are using technology to complete to compete for our attention which they then sell to advertisers but heres a question from someone that has worked on television for most of her life hasnt been doing the same thing for decades now i mean weve heard the same arguments against t. V. Ads brainwashing its manipulating break it throw it out isnt social media just. New sort of t. V. Yeah i think its a great question there are a couple things that id say one is that t. V. Is just not as good at being is addictive as social media and thats for thats for a couple reasons one is not interactive. And 2 is its not personalized to us right the content that i see on t. V. Is not about my social world it doesnt it doesnt reflect. My popularity and my standing it doesnt it doesnt allow me to compare myself to other friends or colleagues in the way that social media does so social media really allows me it really it really preys on a bunch of things in kind of my animal brain that really get me addicte