For those two companies, it was a tale of two different big tech quarters alphabet has certainly been the laggard this year. Underperforming not just its big tech peers, but the nasdaq amazon has been a standout, 70 gains. Alphabet had a low bar and amazon had a high one. Did they deliver we can look at a number of metrics, what i want to drill down on particularly is cloud. These are the companys newer growth engines cloud numbers came in only in line with expectations revenue up 29 year over year. Love large numbers but google cloud, revenue was up 45 and now the company is going to break it out as its own segment. Have a listen to what was said last night. Given the progress we are making and the opportunity for the cloud in this growing global market, we continue to invest aggressively in our gotomarket capabilities and extending the global footprint you will see information about the scale of our investments so investors are going to be able to see exactly how much google is inves
Amendment rights until there is no freedom at all. They will put the Great Republic on the trashy but history if they have their way if our government does not act and act immediately. Facebook and twitter this week censoring the New York Post bombshell reports linking joe biden to his son Hunter Bidens corrupt business dealings in ukraine and china. Facebook censored the stories, twitter censored the stories, facebook saying they needed to be fact checked and twitter called the stories potentially harmful. Whatever in the world that means. Within minutes, both social media platforms had put in and to the free flow of information in this country, the free flow of information that underpins our very democracy, they blocked millions of their users including myself to simply slow down the distribution of the New York Post exposes of the bidens. Twitter said their decision to censor the New York Post links fell under what they call the hack material policy, it is a policy to twitter ceo ja
This hearing will come to order, senator cantwell is going to join us in person but she joins us remotely at the beginning of the hearing, we have convened this morning to continue work of this committee to ensure the internet remains a free and open space and they are sufficiently uptodate, it is a Great American success story, thanks in large part to the regulatory and legal structure our government put in place, we cannot take that success for granted, the openness and freedom of the internet are under attack, soon we will hear from the ceos of three of the most prominent internet platforms, facebook, google and twitter, with this is include mr. Jack dorsey of twitter, of alphabet inc. And mr. Marx a burger facebook. On october 1 this committee voted on a bipartisan and unanimous basis to approve the issuance of subpoenas after discussions among representatives of the companies witnesses agreed to attend it voluntarily and remotely the stronger agreement on both sides of the aisle t
A demonstrators under siege gather in defiance well get you the latest from our correspondents on the ground and the city of fungi lives dozens of kilometers away were going to talk about people who need your intimate thought they would become part of the fighting the wrong civilians paying the price as the logo and cut about conflict threatens to spill beyond the disputed region a corresponding reports from us about john. Thank you so much for your company the u. S. Has filed a landmark Anti Trust Lawsuit against google well it alleges that the tech giant has been abusing its dominance as Online Search engine to fend off rivals or google controls a about 90 percent of global web searches the company has long denied claims of unfair competition the lawsuit also alleges that google uses billions of dollars to pay phone manufacturers to ensure it is the default search. Engine on browsers well its the u. S. Governments most significant act to protect competition since his groundbreaking c
Welcome to squawk box. Im becky quick along with joe kernen and Andrew Ross Sorkin. Futures are indicated higher this morning, triple digit gains for the dow up by about 167 points but yesterday was a big down day for the markets. Dow was down by over 400 points, 1. 4 the s p and nasdaq done evz nasy even more. This morning s p indicated up by about 25 and nasdaq looks like it would open up by over 100 points fairly significant obviously everybody watching what will be happening with the stimulus talks with the deadline that nancy pelosi has said for later today. Lets take a look at the treasury markets ahead of that, you will see that the ten year looks like it is yielding 0. 777 so a little stronger yields for the treasury markets right now but andrew, obviously washington is where people are watching and that is exactly where well go because House Speaker nancy pelosi and Steve Mnuchin are saying that they are making progress in their latest stimulus talks with time running short of