Come to order. I want to thank everybody for coming. I have a fairly short statement that i will read and then i will turn to the senator. Were convening under different circumstances of our previous meeting. Were following the guidance of the cdc and the office of attending physician. So were spaced further apart. Our staff is reduced. Were grateful for all of them. The general public is watching online rather than filling up the room. So our hearing today will look a little different. I think we can all agree that the capitol feels a little different, the halls of congress feel a little different. Small businesses, if theyre allowed to open at all, are operating on a very different circumstances. American homes have become classrooms and offices for millions of american families. And at least for a while, American Life as we know it has changed. Nonetheless, access or inaccess to Broadband Internet services, especially in rural areas, as remained unchanged and it might be a good topi
Coons. Convening under different circumstances than our previous meeting. The were cbc following the guidanc the cdc and the office of the attending physician. So were spaced further apart. Our staff is reduced. Though we are grateful for all of them. The general public is watching online rather than filling up the room. So our hearing today will look a little different. I think we could all agree that the capitol feels a little different, the halls of congress feel a little different. Small businesses, if theyre allowed to open at all, are operating under a very different circumstance. American homes have been classrooms. And offices for millions of americanan family. And at least for a while American Life as we know it has changed. Net nonetheless, access or inaccess to Broadband Internet services m especially in rural areas has remain unchanged. And it might be a good topic for us to touch on today. Our witness today of course is the esteemed chairman of they6yf the governments most
The subcommittee meeting will come to order. I want to thank everybody for coming. Ive got a fairly short statement that i will read and then i will turn to senator coons. Were obviously convening under different circumstances than our previous meeting. Were following the guidance of the cdc and the office of attending physician, so were spaced further apart. Our staff is reduced, but were grateful for all of them. The general public is watching online rather than filling up the room. So our hearing today will look a little different. I think we can all agree that the capitol feels a little different, the halls of congress feel a little different. Small businesses if theyre allowed to open at all are operating under very different circumstances. American homes have become classrooms and offices for millions of american families. And at least for a while American Life as we know it has changed. Nonetheless access or inaccess to Broadband Internet services especially in rural areas has b
To watch closely as the succession happens, david . Yeah. Its not unexpected carl it was done in unexpected fashion given so many things that are different right now at t was having its annual meeting and doing it remotely, virtually, and mr. Stephenson announced it during the course of the annual meeting, that as you said, he will be stepping down at the end of june to be replaced by mr. Stankey as ceo mr. Stephenson will remain on as chairman of the company until january of next year stankey will become a member of the board of directors taking the role of ceo. He is president and coo he got that promotion back a number of months but questions in terms of whether he would get the top job and whether the board of directors would support him for that mr. Stephenson made it clear that he was going to leave the company as its leader most likely this year and obviously choosing to move forward with that, despite the Current Crisis his 13 years at the helm of the company, of course, have b
Good Tuesday Morning welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan and jon fortt at post 9 of the New York Stock Exchange obviously a selloff resuming today. The dow extending losses from a thousandpoint drop on monday when stocks had their worst day in more than two years big tech lost more than 200 billion in market value yesterday thanks to the selloff microsoft, apple, amazon all down more than 4 . Dan niles from alpha one capital joins us on the phone. Weve been through some challenging times together, you and this network, as we try to address global issues. This is one theres not an easy edge what does the playbook look like from your standpoint right now i think the way i look at this is simple whats your risk reward at any point in time. There are certain things we know for certain. One, we know for certain the markets are at record value. My favorite measure is i take the valuation of the entire stock market and i divide it by gdp. If you look at that, your