School here in the audience. I hope you enjoy that and continue to participate in the event. We have an exciting panel today. Lets get started with some questions. Many of the questions were prepared in advance. Lets start with questions about news in the current year. Its only been a year since the president ial election. It is hard to remember when fake facebook wasnt part of fake news. no matter how bad it was for their candidate or how bad it was it allowed them to assume it was coming from a biased point of view and therefore they ignored it it has not been typical of american campaigns have a slightly different view. We focus on the elections and it figures a letter that moore versus the cost and my background in psychology in a lot of the research that incentives of how people believe what they want to believe and really smart people have access to all the news they should know Better Believe what they want to believe. People will believe what they want to believe. Certainly soc
From pimco, head of asset allocation. We are going to now take a check 2 00. Kets at a couple of hours left in todays trading. For that we go to abigail doolittle. Lots of chinese internet stocks on the move based on actions i jp morgan. Baidu shares are down sharply, one of the worst drags on the nasdaq today. After j. P. Morgan downgraded to underweight, they say the core internet search business is under pressure as advertisers are looking to go to mobile platforms. A stock already down 10 this year. Well. Are lower as j. P. Morgan has downgraded this stock to neutral. Margins could be under pressure despite strong cash flow. Position on the sidelines or the sensel stance makes more with a 29 price target, which does suggest some upside potential. Traded, so itdaq is not influencing the index. J. P. Morgan called alibaba the chinese amazon. Com. 30 upsidere dead with a price tag it price target of more than 135. That is what is happening at the nasdaq. Doolittle at the nasdaq. Thank
Charles, i say its time for a little restful feeding. Did i say that . I said that. I just i just did. We are going there. I appreciate that imagery in my head. It will help my diet, though. I did not know that was part of the torture venue. Neither did i. I digress. Now you know. Listen, we have seen it from day one with this administration. No matter what is important to the american public, if theres a smidgen, if i may borrow that word from the administration. Theres no urgency or we never get the answers. They bring the guys in, they are arrogant and pompous. Blocking and tackling. This weekend, call gruber and try to associate them with romney. Its ridiculous. We havent gotten answers on anything. Why do you go to the africanamerican . Because he spoke first. I like they call gruber ph. D. , piled higher and deeper. Listen, the torture stuff, im not for torture, so to speak. Please. You dont have to be a panelist on the show. Listening to you talk thank you. The torture stuff hap
Charles, adam and charlie. Charles, i say its time for a little restful feeding. Did i say that . I said that. I just i just did. We are going there. I appreciate that imagery in my head. It will help my diet, though. I did not know that was part of the torture venue. Neither did i. I digress. Now you know. Listen, we have seen it from day one with this administration. No matter what is important to the american public, if theres a smidgen, if i may borrow that word from the administration. Theres no urgency or we never get the answers. They bring the guys in, they are arrogant and pompous. Blocking and tackling. This weekend, call gruber and try to associate them with romney. Its ridiculous. We havent gotten answers on anything. Why do you go to the africanamerican . Because he spoke first. I like they call gruber ph. D. , piled higher and deeper. Listen, the torture stuff, im not for torture, so to speak. Please. You dont have to be a panelist on the show. Listening to you talk thank
Thats where the speaker said enough is enough. When we recognize that the documents were getting which are heavily redacted did not could he inside or agree coincide or agree with because they asked for it under foia, which has criminal penalties associated with it which meant that those lawyers knew exactly what they were doing and could be held to that criminal penalty point. But in providing them to congress, they would just redact it and then claim might security and we not ever know the difference. Were not stupid. ve been deliberate, weve been cautious, weve stayed after it, but redax after redax redaction after redaction and trying to lead us down a path is exactly where this administration has been and they deserve what theyre getting. They are the ones that brought this to congress. We are simply properly carefully responding. Mr. Speaker, at this time id like to yield two minutes to the gentleman from the Foreign Affairs committee, the gentleman from new jersey, mr. Smith. Th