Is live. Pump up the jam good friday morning welcome to squawk alley. Markets still in the green pinning hopes to stimulus talks. Were watching headlines best week so far this morning, jon, in two months for the dow yeah. And in tech this morning, carl, hey, weve called it out here on squawk alley before. Today amd eyeing xilynks amd is a 100 million market cap down 3 on a 30 billion deal. Investors are giving this blessing a few different trends here. A hot of Tech Companies have richly valued stock to play with there is pressure to answer and three u. S. Restrictions are hurt something chip makers like xilinks and theres no end to that in site good morning, guys pat, are you surprised not a the hoff overlap here. So in that sense, maybe this deal isnt at risk but, hey, not a lot of overlap here. So maybe this is risky the. Yeah. The so as you said before, amd needs to grow. When i look at valuation, im sure stacy will will weigh in on this, it had to do something organic growth isnt
Stock, for chips, for 5g and lot more then there is prime day. What about emerging alternatives to amazon this Holiday Season . Well talk about that straight ahead, john. Yeah. Carl, i cant emphasize enough how important the iphone is not just for apple, maybe even not for apple as much as for the industry overall the carriers really need somebody to sell 5g which has not been built out as quickly as they promised. Then the components inside the iphone open possibilities for App Developers they put money in the pockets of chip makers. There is a lot, a lot riding on this, carl of course, jon. Lets turn to josh lipton. So, carl, what do we think tim cook is going to unveil exactly tomorrow the team Morgan Stanley says anticipate four new devices including, they say, a 6. 7 inch iphone 12 pro max. That will be the largest iphone display ever complete are 5g connectivity. Faster data speeds for tasks like streaming games and movies. Apples latest and greatest a14 chip and longer battery l
A half hours. [captions Copyright National cable satellite corp. 2020] [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] this hearing will come to water. Welcome, welcome. Today the committee convenes to broadband during the covid19 pandemic. I extend my appreciation for my colleagues attentions attendance and participation. I welcome our distinguished panel of witnesses. Mr. Y we will hear from stephen barry, president and chief executive officer of the competitive cares organization and the chief executive officer of the Rural Broadband association. Mr. Gene kimmelman, Senior Advisor on public knowledge, who will be appearing, testifying remotely. Jonathan spalter, of u. S. T and ceo broad,. Covid19 crisis has changed life dramatically for almost every american. As the administration and the centers for Disease Control and prevention encourage social distancing to prevent spread of the virus, norm
The use of broadband. One estimate shows average Broadband Usage is up by 47 since the pandemic began. Good news is that theres been some progress in connecting all americans. The fcc has recently released broadband deployment report shows us the number of households without Broadband Service continues to decline. Yet despite these advances, there is still significant work that needs to be done to get every american connected. The Current Public Health crisis has made these efforts all the more urgent. I appreciate the initiatives led by the fcc to sustain and accelerate the availability of broadband connections. This includes the keep americans connected pledge, where providers have committed not to terminate Broadband Services to any residential or Small Business customers because of an inability to pay their bills, among other commitments. Along with temporary mod ifbss to existing universal fund usf programs to support the surge in demand for an internet service. These commitments
Books and ebooks are sold. And now todays Senate Commerce committee hearing, lawmakers examine the effect the pandemic is having on keeping rural is having on keeping Rural Communities connected via broadband. From this morning, this is about 2 1 2. Come to order. Welcome, welcome. Today, the committee convenes to discuss the state of broadband and thank them for appears. Today, we will hear from mr. Steven berry, and miss shirley bloomfield. Chief executive officer of mtca, the Rural Broadband association. Mr. Gene kimmerman who will be appearing and testifying remotely and mr. Jonathan spolter. As the administration and centers for Disease Control and prevention encourage social distancing to prevent the further spread of the virus, normal activities like school and Health Care Services are kreinsingly taking place online. This has caused a huge uptick in the use of broadband. One estimate shows average Broadband Usage is up by 47 since the pandemic began. Good news is that theres be