Joining us. Good morning, everyone. Silicon valley stepping up opposition to the president S Immigration executive action. Microsoft, uber, twitter, facebook, apple and others submitting a joint brief asking the court to roll back parts of the order. They say the government should make a fundamental commitment to welcome immigrants while still boosting background checks to protect the country. From the brief the order inflicts significant harm on american business, innovation and growth and threatens ability to attract business and investment to the United States. This as Alibaba Ceo Jack Ma warns in no Uncertain Terms that if trade stops, war starts. Kara, were spending a good part of the morning dissecting who joined this letter and who did not. Your thoughts. Well, i think its just another in the ongoing sort of tech getting to these issues. For example, airbnb had an ad last night in the super bowl. Theyre all trying to speak up to the issue because it goes to the core of first of
Headquarters in palo alto, 11 00 a. M. On wall street, and squawk alley is live. Good wednesday morning. Welcome to squawk alley. Im Carl Quintanilla with jon fortt, sara eisen at post 9. Obviously, a busy day, even though the markets arent showing a whole lot of volatility. The president is going to sit down with some infrastructure ceos at 12 30 eastern time. Attendees include teslas elon musk, apollo cofounder josh harris, real estate moegle Richard Lefrak and david tepper making waves on squawk box this morning, discussing the new regulation atmosphere in washington. Theyre going to give you less regulations for obamacare. Theyre going to give you a tax cut. Everything is this everything is neutral to positive that can come their way, versus an atmosphere for the last 16 years, lets call it, thats been regulation, regulation, regulation. Joining us this morning, ben mandel, jpmorgan global strategist, michael kacannon. I dont know if you heard what tepper said, but hes talking abou
Fisher sounded more cautious on tuesday. More voices being added to the flurry. Yields continue to rise today. We have seen the biggest selloff since june in terms of treasury. Alix the yield rally some most since november. Ofaking of the diversion years, Charlie Evans speaking, saying we do not need to hike rates. Eric rosengren saying we can normalize rates. We are nearing our mandates. Federal confusion. Caroline that is going to be our phrase today. Coming up, we will speak about the direction of yields with matthew. Managinggan stanleys director and strategic. He says by the fiveyear the fiveyearbuy treasuries, despite losses. Alix a lot on hold heading into jobs friday. If any action, it will be in the currency market. The dollar is mushy across the board. The pound is higher, moving against the dollar. The yen moving lower. The yen is looking at its first monthly decline versus the dollar since may. Is relative mushiness across the board. Banks doing well in europe. Into the job
[inaudible conversations] good morning, everyone. Good morning. Our team is here. The subcommittee on Capital Markets and gics will be hereby called to order. Todays hearing is entitled continued oversight of the secs offices and divisions. Without objection the chair authorizes a recess of the subcommittee at any time and also without objection, members of the Financial Service committee who are not members of the subcommittee may still set and participate in todays hearing. At this point i will now recognize myself for three minutes for an opening statement. So today the Sub Committee will continue efforts to conduct vigorous oversight of the ics sec and the individual offices that make up the sec. The last years are subcommittee has heard testimony from directors of trading and market, corporations by its enforcement and Investment Management division of the sec. These hearings have allowed us to take a thorough look at the agencys operations, rulemaking agenda, enforcement practice
A political and economic crisis. Ah, here watching al jazeera alive from a headquarters in del hind, daddy and i will gaze also a heads firefighters in western europe battle a heat wave and strong winds. As they tried to extinguish wild fires, italys Prime Minister tries to salvage his Coalition Government after it was pushed to the brink of collapse. And were in so dons Blue Nile State where tribal fighting has left at least 80 people dead. Ah, hello, we begin in sri lanka where the parliaments is elected rental with, from a single as the new president , a week after, got to buy a roger pox, a fled and then resigned with chromos, sango was serving his interim president , aftermath. Protests forced roger pox ought to step down. The 6 time pre premier will finish the remaining 2 years of his predecessors terms. But he is unpopular with protesters who see him as partly responsible for us or lank as economic crisis gallery. And it is not necessary to say how hard the countrys economic con