Series 17 to 200 claims please welcome christopher. [applause] our next panelist is the professor himself who wrote the book he is a graduate of notre dame where hes a runnerup valedictorian. But he made up for that when he went to Harvard Law School and won the fay diploma for being top student to graduate in his class. a its a lot easier. Hes been a lawyer and professor including back at harvard for a while. Currently at vanderbilt and the author of this book makes a compelling case as to the classaction mechanism and will hear more from him in a bit. Our moderator today is judge on the night circuit, he is a graduate, a korean immigrant to start with and came to this country and graduated from i believe cornell and also Harvard Law School. Round of applause for judge kenneth lee. [applause] thank you for the introductions. I think we will have a great debate here. We have two experts on class actions. Little bit of format, i will give professor fitzpatrick the floor and let him spea
Dance i hope you dance good tuesday morning. Welcome to squawk alley. Im Carl Quintanilla with Morgan Brennan at the New York Stock Exchange jon fortt is live on the ground in vegas covering ces 2020 for us more from him in a few moments we begin with tesla and elon musk in china, the stock opening at an alltime high. Eunice yoon has more elon musk definitely showed his enthusiasm for the Chinese Market and perhaps investors are taking a cue from that today musk did a little dance at a shanghai event which marked the delivery of teslas model 3s made in china to ten customers, to the general public, for the first time he also made several announcements saying that for the model y production would begin for this suv in china. He also said that the model y demand he believed was likely more than all other tesla cars combined he sees future models made in china at this factory and aims to open a Design Center to create an original car for the global market. The plan is to raise the Product
Obviously a busy morning full of trade and tech news, jon. Indeed. I can take no blame or responsibility for those headlines, but many of them clever all about google thats where were going to start at both larry page and sergey brin step down from their operating roles at the companys parent action alphabet, needing both chief executive roles to be filled kara swisher joins us now on the phone. Kara, i was just talking about this last hour in a way this just smells fishy to me if youre a shareholder looking at the precedent this sets these guys are young, 46 i dont know that weve had any precedent for a tech company, a giant of this size, a controlled company, where the founders say, hey, we still want absolute say over what happens, we just dont want an operating role or to be chairman of the company. Have we seen this before, kara well, in little places. The founder of ebay left the company and put it in the hands of meg whitman and it was a Significant Company at the time and he we
Talks could easily collapse. His bank being accused of the biggest breach of financing laws in australian history. We are here live at the Second Annual Bloomberg New economy form. We have big names coming up. Its a big moment in time. We are same economic power shifting from the emerging economies. One of the men at this crucial juncture when it comes to u. S. China relations will get you live pictures from austin, texas where President Trump is touring the apple factory. Imitated or try to copy my conversation, he made up went beforeon, congress, and made up a phony conversation just like he does every time he talks. He is a very dishonest very corrupt politician. The big upset as you folks know is when i released the transcript. I dont like doing that but you have to keep this very classified and confidential when you are speaking to heads of state. I released it because adam schiff and the whistleblower made of a phony deal. You should be ashamed of yourself. The press should be as
Coming clean. They tech is spending some tall tales. Google toacebook and stop using lawyer speak when it comes to tracking data. To our top story, we are looking at disney cost new problem. Disneys new problem. Usernames and passwords have third parties. This case as they have not been hacked. I want to bring in kissed all mary. Palmieri. Of the an issue issue of hackers . It is a big problem for all companies. This is part of the global push. They want to add 90 million customers for disney plus. They are already well on their way. 10 million signups in one day alone last week. They will have to learn how to manage this. If disney says they were not hacked, what happened with the passwords . Peoples passwords and usernames were out there and hackers took to those those and tried to resell those services. Uses a two phase identification process. It will send you any amounts of the original user saying is this authorized . When they see something suspicious, they are letting customers