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
From apple yesterday plus, jim, fedex and adobe to kick around from last night. Wow i mean, these were congratulations gentlemen and ladies calls because the numbers were so unbelievably good, much better than people expected. Now, this is rather amazing, carl why . Because there were firms that upgraded and pushed and raised numbers for weeks and yet they were dramatically exceeded, fedex because of e com, 96 of the growth is e com and adobe because its how companies are able to digitize quickly, particularly retailers, in order to be able to take advantage of this this amazing wave, this amazing boom of ecommerce to the home because of the pandemic so how can there be such a structural thematically strong story behind ecommerce and packages and growth and the targets that fdx has pulled forward by years and all the good news today on vaccines and therapeutics well, i think whats really convincing here with fedex is that theyre talking about how theres actually a weak economy in the S
Can you see. T the Housing Market continues to thrive in the u. S. , Manufacturing Activity is recovering it jumped to a 19month high comparable data out of the eurozone and japan. Familiar names leading us up apple is up 5 market cap just hit 2 trillion earlier in the week. Its more than onetenth of the way to three trillion already. Incredible move for that stock with 59 minutes left in the trading day. S p 500 as we just showed you, up 0. 4 on pace for a record closing high speaking of apple, by the way, we have breaking news this hour on the companys fight with epic games. Josh so apple just responding with a legal filing the two epics charges. They alleged exactly the same things will all of the legal theories apple is saying here will fail as a matter of competition the motion will fail because they need to show the balance of equities and Public Interest are in its favor in fact, the factors favor apple. Apple goes on to say that epic knew full well that in circumventing the pro
Jose. I should say here in silicon valley, we are in mountain view. Joining me tonight, got director of internet ethics, former chief Security Officer at facebook and director of the stanford intimate observatory. In director of journalism and media ethics. This evening is co presented with ethics, this is part of kq series on common ground. Its an initiative bringing people together for civil discourse featuring journalists, hosting provocative conversations about politics and policy, arts and culture, science and technology. Reckoning with force of disagreement among us about how to face the future, cultural and environmental uncertainty is series asked our shared responsibilities to the common good. Next, if youve got an open calendar tuesday 7 00 p. M. , the San Francisco exploratory them, we will look at how we overcome polarization will talk about tonight. Twelve tonights topic, its under attack, worldwide. Populism is on the rise. This information is number one and social media
Good evening everyone, thank you for coming out here tonight. My name is rachel miro, i had to make sure by looking at the sheet of paper. I am the Senior Editor of our silicone valley desk here in san jose. I say here in san jose, but here in Silicon Valley because we are in mountain view. Joining me on the stage is the director of internet ethics, alex stall moos, former chief security officer, and the director of the stanford internet observatory. Director of journalism and media ethics at Markkula Center. This evening is copresented with the Markkula Center for applied ethics. This is part of this series on common ground. It is an initiative bringing people together for civil discourse featuring journalist hosting provocative conversations about politics, policy, arts and culture, science and technology. Reckoning with the force of disagreement among us about how to face the future of economic, culture and environmental uncertainty. This serious asks what are our shared responsibil