Host our guest reporter is cat zakrzewski of the Washington Post. Mr. Spalter, if you could begin by reminding us what u. S. Telecom is and who you represent. Guest thank you very much, peter. It is great to be here paid ira present the future of connectivity. The members of the u. S. Telecom are the innovators and Technology Company that deliver the networks of the future to all americans. We have Large National providers like at t and verizon and a wonderful regional providers like consolidated frontier and windstream and Alaska Communications but we also represent a number of our smallest providers serving a Rural Communities across the country and around us as well its one of the most innovative Global Technology and prizes like cisco and ericsson and they are also a part of our effort to raise the bar when it comes to this Important Technology which is broadband. Host give us a snapshot, if you would, mr. Spalter of the last couple of months for your Member Companies. Guest i thin
U. S. Telecom. Our guest reporter is cat zakrzewski of the washington post. Mr. Spalter, if you could begin by reminding us what u. S. Telecom is and who you represent. Guest thank you very much. Its great to be here. I represent the future of connectivity, members of u. S. Telecom other broadband carriers, innovators and Technology Companies that are all about delivering and Building Networks of the future to all americans. We have Large National providers like at t and verizon and centurylink, wonderful regional providers like consolidated frontier and windstream and Alaska Communications but we also represent a number of our smallest providers serving our Rural Communities across the country. We are proud to know that around our table are seven some most innovative Global Technology Enterprises Like cisco and erickson, nec are also part of our effort to really raised the bar when it comes to this Important Technology which is broadband. Host give us a snapshot if you would of the la
Good morning warm welcome to Worldwide Exchange. Im wilfred frost. Im Contessa Brewer in for sara eisen welcome back from texas thank you had a great team with me a lot of stories to cover. Hope you had a relaxing weekend off of what was a busy week lets look in on the Global Market picture comes off a pretty decent end to august when you consider the amount of negative news markets werent under pressure as much as perhaps the headlines for the month may have suggested a slightly positive day towards the end of last week markets in the u. S. Were closed yesterday for labor day. Theyre starting just in negative territory we were not negative around the world today, but we were negative a bit yesterday the dow down 42 points or so in the premarket. Tenyear treasury note for you which has been stuck below the 2. 2 level, had a belief flirtation below 2. 1 , but at the moment back in the middle ground between the two handles, 2. 15 . Lets look at asian equities now. Acraoss the board a mix
Into account, you know, the possibility of other costs and risks that might be associated with a large expansion of our Balance Sheet. Darren and then christina and then greg. So just following up on that last question. How helpful would it be to see as part of the fiscal cliff resolution some nearterm stimulus . The president s proposed that. Do you think how helpful do you think that would be, and ill ask my followup now . Whatever happened to your southern accent . Well, on the second one id like to think im bilingual. When i go home, sometimes it comes out pretty strongly, but i wont try to do that here. So i try to be careful, as you know, not to give views on specific taxandspending programs. I think, of course, obviously those are the province of the administration and congress. The attitude ive taken has been that at a minimum congress should try to do no harm, that they should try to avoid policies that that significantly slow or derail the recovery at this point, so i think t
Difficult to put forward these projections now given the uncertainty over the fiscal cliff . How plastics are these . Are you talking about the ions . Roject and stac clearly the fiscal cliff is having an affect them, even though we have not reached the point of it kicking in. It is already affecting business and hiring investment by creating uncertainty or pessimism. We saw what happened recently to Consumer Sentiment which fell in part because of concerns about the fiscal cliff. Clearly, this is a major risk factor and a major source of uncertainty. I would suspect although, the participants dont always make this explicit i would suspect what they assume in their projections is that the fiscal cliff gets resolved and in some intermediate way where there is still some fiscal drag but not as much as implied by the entire fiscal cliff. I think that is probably the underlying assumption that most people talk when they made their projections. Youre absolutely right that there is a lot of