An antitrust lawsuit against google, characterizing its search and advertising business as a monopoly. Shares shrugging it off, up 2 well speak to a top analyst about what it could mean Going Forward for big tk and Tilman Fertitta is seeing bright spots in the country. Hell tell us where and why. Power lunch starts right now let me welcome you to power lunch as well take a look at some of the big names we are watching today. Netflix slightly higher ahead of its earning reports, that stock down about 4 . And no earnings boost to ibm, thats the biggest drag on the dow after reporting its Third Straight quarter of revenue declin declines and financials one of the best performing sectors thanks to regional banks, helping the rest of the group kelly. John, thank you we begin with the two big stories out of washington today. Elan has the story but first Kayla Tausche is tracking new developments on stimulus aid reporter today marks the end of the 48hour window that nancy pelosi set to reach
Holiday celebration gets underway. We want to begin with this. The headline, 2020 has put americans in a bad mood. Americans are watching with anguish as a nation grapples with systemic racism and upset with protesters defacing statues with those representing the worst racist. They worry about the economy but fear the spread of coronavirus. One study from pew research finding that 12 of americans are satisfied with the way things are going in the country. Further, according to the survey, 71 percent described themselves as angry, 66 percent as fearful, and just days before the nations 144th anniversary independence,ys just a few as proud. Last night the president on twitter with the following. There is a rise in cases because our testing is so massive and far good, and so good, even better news is that the death rate is down. Younger people who get much better easier and faster. The president responding to the jobs numbers and his handling of his pandemic. Heres part of what he told re
Better than estimated. How would you characterize the recent data and the strength of the economy . Win i would say its solid. We had some outliers, but you look at some models, the atlanta fed has growth somewhere around 2. 3 . The new york fed now has some thing around 1. 2 . I expect the truth is somewhere in between. I think we will avoid recession in 2020. Thats what the yield curve is telling us. We went from an extended period of inverted yield last year to positive. I think markets feel pretty good. That said, we have a few hurdles out there. Vonnie iran the and one of them. How do you see this escalating tension, the titfortat impacting markets, particularly currency markets . Win we started the year pretty much popping open champagne, hitting record highs in the equity market, but we got a serious dose of reality. A. Trump has ignited situation in an already quite unstable region. Iran has pledged retaliation. When, what, where, we dont know. That is not just against u. S. It
Facebook takes action but does the network go far enough . Elon musk cuts a rug as the Company Delivers its first cars from the shanghai factory. Cestart, the annual conference is currently underway in las vegas. Ces is gathering the biggest names in the business of consumer technologies and served as the proving ground for Innovative Technologies for 50 years. A flying carng on with hyundai, working on air taxis to take the concept of ridesharing to a higher level. That this is say closer than you think. At uber, we have been working on elevate for about three years, developing a network and ecosystem of people aligned with our vision of bringing ridesharing from the ground into the sky. We are looking to launch our network in 2023. We have a network of now eight partners, hyundai is our eighth partner. We are excited about being able to do it. What regulatory hurdles do you expect to meet . We have to look at regulatory considerations at the local and national level. We have teams wo
Us a desk to the department of us a and Canada Ministry of Foreign Affairs in that position i was involved in the preparations both for ministerial meetings and the summits in that position i dast have maybe much influence but they could contribute but the most important moments are when the principals of the foreign minister or the president actually ask your opinion when that happens you are on your own and youre not just an interpreter you actually have to say what you think and to me with my very limited political Prior Experience that was not easy but that happened because i know that her intimate with gorbachev and she were nods and know about cherie nazi is my grandfather and i know about gorbachev because youre his advisor up to this day how did you earn their trust. How does that happen how does that happen the initial process is earning the trust as a professional as an interpreter but then inevitably i work with both of them for 6 years and inevitably you become closer and e