Were at post nine morgan and john have the morning off. Interesting setup here were approaching nasdaq 9 k very quickly tech, the best performing sector for the year hitting a fresh record high this morning joining us to day with his top picks in the sector for 2020 is our lead internet analyst. Mark, happy holidays good to see you. Good to see you, too. I want to get right to the large cap longs for next year. Uber is number one then you have two, three, four talk about it. Yeah. Im going to pitch it. Uber is the facebook its our facebook for 2020 it turned out of all the stocks, facebook is the best performer in 2019 because it whats so dislocated at the end of 2018. A lot of controversy around it i think thats exactly the setup or similar to the setup on uber now. We like it we think well see a clear path to profitability i think well see sustained growth in the ride sharing business and if they can fix that eats business, thats going to surge the outperformance and cause the outper
Mr. Mr. Oxman, who do represent . Guest ipi is a crystallization of the technology sector. We represent 70 of the Worlds Largest and most Innovative Technology companies. Weve been around for 103 years, founded in 1960 at the association of business appliance manufacturers, scales and time clocks and over those 103 103 years our industry has changed and so has iti. Our representation of tech Sector Companies is quite profitable. Host how did you get into the splendid work . Guest i been in d. C. Close to 25 years. I came to work on broadband policies after the 96 act passed at the federal communications commission. Ive been involved in the tech policy sector, worked at the fourth trade association. Iran the Payments Technology industry before joining iti. Host as you well know there are several trade associations that represent tech, and some of the companies that represent our members of a lot of them, dell, adobe, google, microsoft, et cetera. What is it that you do differently . Gue
Brocaded, different internet for different people . I hope not. We saw china take steps in that direction. Russia announced their desire to create a russian internet. That moves us in the wrong direction. We are a global economy, a global people. The Technology Industry is focused on deploying Innovative Products and services that connect us all. I fear that in some circumstances, we are moving in that direction. China and russia being two examples. I hope we do not end up there. That is not where we want to be. The risk of that israel. The risk of that is real. A lot have business in china. Has it become hard under this administration to do this with china because of the concerns with cybersecurity and issues we have seen raised by trump, but also by congress . These are important issues. To. Companies Pay Attention National Security issues. It is not just a u. S. Issue. Every nation is charged with protecting it citizens at a nations take different approaches. What we have seen from
With that association . Iti is the trade association of the Technology Sector and we represent 70 of the Worlds Largest and most Innovative Technology companies. Weve been around for 103 years founded in 1960 as the associated of business appliance manufacturers, things like scales and time clocks and the like. Over those 103 years our industry has changed and so has ipi, or a presentation of tech Sector Companies is quite broad. Host how did you get into this line of work . Guest ive been in dc for close to 25 years. Came here to work on broadband policies after the 96 act passed at the federal committee cajuns commission but ive been involved in the tech policy sector and since then worked at the fourth trade association most recently a red led the industry before joining iti. Host as you will know there are several trade associations that represent tech and some of the companies that you represent are members of a lot of them. Dell, adobe, google, microsoft, et cetera so what is it
Illusions that if they do something now because of a lack of quorum, there will not be any enforcement. It is unfortunate we dont have a quorum. It is inexcusable, in my view. We had two commissioners who resigned, one two years ago, another almost two years ago. Those seats were never felt. Never filled. Host why . Chair weintraub i dont know. That is something i have no control over. The nominations have to be made by the president and senate. It is easy to get over the long vacancies. We should have never been in this situation we found ourselves in. We are down to a quorum of four. Another commissioner decided to resign. That left us with only three. Totakes four commissioners initiate investigations, to authorize penalties and approve conciliation agreements. However, people should know before we lost the quorum, we authorized a number of investigations. We are at a high point in a decade in the number of investigations we have ongoing. As soon as we get commissioners back in, we