Good Tuesday Morning welcome to squawk alley. Im Carl Quintanilla with jon fortt. Its a mixed fwoog day retail earnings, amazon pharmacy, covid19 restrictions, fed speak. Were going to begin this morning on capitol hill as both Mark Zuckerberg and jack dorsey testify before Senate Judiciary on censorship, suppression, and, of course, the 2020 election our Julia Boorstin is monitoring this and can tell us what happened so far. Julia . Well, carl, senator Lindsey Graham focusing on what he sees as a need to revise section 230, thats the rule that protects social media platforms for legal liability for content. He says facebook and constituenter wetwitter were making editorial decisions and far more transparent standards are necessary. He called out the Mental Health risks associated with social media use. On the other side of the aisle, richard bloomenthal, he is calling for breakup of the platforms. Mark zuckerberg supports change to section 230 dorsey pointing out they need to walk a f
Lashing today over how their companies handled 2020 election. Heck out few hours indicating a decline as we await october retail Sales Numbers out this morning at 8 30 a. M. Dow industrials down 88, nasdaq is up 14 and s p 500 lower by 14. Record day in wall street to start the week yesterday, dow finishing at its first alltime high in 9 months boosted by the positive news on modernas phase 3 vaccine trials. At the close up 471 points, nasdaq up 95, almost 1 and s p higher by 41, better than 1 . Big day for retail earnings, walmart and kohls and home depot all reporting this morning, we will have the numbers as soon as they give hit the tape. Holidays in digital world. Zoom is helping you and your family out if youre planning on a virtual turkey day, its making a buzz, mornings with maria is live right now. Maria home depot earnings hitting the tape right now and european markets are lower, cac quarante down 9, dax index lower by 25, take a look at home depot numbers, revenue above exp
Abortion access. Important its happened. All those who care about life we still have work to do. Former President Trump, he met the with House Minority leader Kevin Mccarthy. Trump pledged to work with mccarthy on gaining the House Majority in 2022. I feel good i knew that i would now. I feel good steve me too. Brian right. I dont think is he talking directly to us. Steve yeah he is. So good. Breen brian did he write this song for rocky 3 . Ainsley i wish we could ask him what does this song mean . Why do you feel good . Brian we couldnt book him. Steve it is friday, january 29th. Thats why we feel good because it is friday, january 29th. Kansas day coming to think about it when you grow up in kansas. It is the coldest day of the year so far. Right now outside it is 1 degrees in New York City. Sit back, relax, pour yourself a big cup of joe and enjoy the show starts now. Ainsley thank you for watching. Start about this story. Little Little People winning. Trading app. Robin hood is goi
The nasdaq above 94 on weakers trailing sterling. The European Council president had to quarantine because of a covid19 test. Pretty in europe and britain. Back here, jay powell and treasury secretary Stephen Mnuchin testifying before the House Financial Services committee with chair powell saying the economy has a long way to go and will likely need further fiscal support. Secretary mnuchin saying another round of stimulus should be targeted at kids and jobs. Joining me now is greg valliere, Agf Investments chief policy strategist. The secretary said there was bipartisan support for further stimulus, so why are we not getting it . Greg i think nancy pelosi and the democrats wanted at least 2 trillion, and that was too much for the republicans. Vonnie at the same time, there should be some kind of mechanism for getting to a neutral place. What are the obstacles for the republicans coming down a little bit, democrats staying where they are . Greg it is maddening to see this. Frankly, if
Men arguing before congress that the country needs more stimulus money to battle the coronavirus. Wait until you hear who and which industries fed chair Jerome Powell and treasury secretary Steven Mnuchin say need it the most. We will have a live report from d. C. We are 90 minutes away from teslas ceo elon musks big reveal. It comes at his shareholder and battery day event. We have a bull bear debate ready on musks latest brainchild and his argument for the death of the internal combustion engine. Plus the one thing ceos never want to hear. Nelson peltz is on the line, the famed activist investor formerly taking aim at comcast, he thinks the Parent Company of nbc, peacock and universal, is undervalued. We are bringing in former ceo of at t broadband. The cable industry legend weighs in on that, whether sports on cable is dying and his latest spac investment. He was early on the spac train. Is it a National Security threat or just business . The confusion now swirling like a tornado ov