Watching this morning. Crude oil prices falling. This is all coming as traders question reports that opec might meet for the meeting in june. Some people questioning those sources but its been something the oil market has been watching closely. In other global news positive developments on the on going greek saga. Athens sending economic reform plans to the euro zone overnight. The proposals include measures to crack down on tax evasion and corruption. And back here a packed agenda of economic and corporate news. Well be getting the the home price index. February Consumer Confidence and the richmond fed survey. Home depot and comcast and macys. We have earnings that are just out from dow component home depot you saw across the screen while becky was talking. Earning 1 per share. Beating estimates of 89 cents. Home depot also announced 26 increase in its quarterly dividend. Now up to 59 Cents Per Share as well as an 18 billion Share Repurchase program. The company did say the strong u.
S p 500, bill, up twothirds of 1 for the session, i do believe. 1732. Thats going to be a fresh closing high. That will be a new all time high for the s p. Big blue weighing down the dow, though. Bob pisani, back to business on wall street. Earnings back to center stage where it belongs. Absolutely. This is our comfort zone, folks. Not washington politics. Lets take a look. Bills right. New high. By the way, closing high, too. 1725. 52 is the old closing high on the s p. And we did it again. By the way, though, historic highs on the russell 2,000. Talking closing highs. And the s p 400 mid cap. Broad rally. This is why the market is so strong. Look at the sectors today. You had a day where ibm was weighing down the tech sector. Techs put up the sectors here. To the downside, technology. You get other sectors moving forward. The story throughout the year. Techs, big sector. Second big, financial. Financials were strong today. Even smaller groups like materials. So they fell in the middl
Airlines, what have you. Theres two things that happen. Once a commission interests itself in a particular area, puts a sign out that says open for business, which is basically what we did when we did the open Internet Order, right . What happens . Firms realize, oh, i dont get to make money looking at customers and making investments, i make money by going to the regulators and getting them to favor me and disfavor others. The phrase economists use for this is rent seeking. And thats what it does, it opens up rent seeking. For 30 years we never had any complaints about interconnection. Since 2010 weve had a number of complaints. Why . Open for business. The second thing that happens, and this is, i think, the most dangerous part of it, is even though the commissioners may say, well, we want to limit how much we regulate, okay . That wont happen. They will be under constant pressure to expand the regulatory writ. And weve seen this happen now. Level iii, for example, in 2010 said lets
In recent years, domestic terrorism and specifically white supremacist conspiracy related and antigovernment violence has become one of our nations greatest Homeland Security threats. Last october the Committee Held a hearing to examine the role that social media platforms played in the amplification of domestic extremists content and how the content can translate into realworld violence. We heard from expert witnesses, who discussed how recommendation algorithms and targeting and other amplification tools push extreme content to users because that type of content is what keeps people active on the platforms. Unfortunately because these platforms are designed to push the most engaging, post to more users, the end up amplifying extremist, dangerous and radicalizing content. This includes qanon, stop the steal and other conspiracy theories, as well as white supremacist and antisomatic rhetoric. In some cases the content, may not necessarily violate a companys community guidelines, and ot
Opportunity in communities big and small. Charter is connecting us. Charter communication and support cspan as a public service, along with these other television providers, give you a front row seat to democracy. Former executives from facebook and twitter testified on the Business Practices of social Media Companies and the potential impact on National Security. Lawmakers heard from an investigative journalist on how the Chinese Government has access to data from tiktok users. In recent years, domestic terrorism and specifically white supremacist conspiracy related and antigovernment violence has become one of our nations greatest Homeland Security threats. Last october the Committee Held a hearing to examine the role that social media platforms played in the amplification of domestic extremists content and how the content can translate into realworld violence. We heard from expert witnesses, who discussed how recommendation algorithms and targeting and other amplification tools push