Including Broadband Access during coronavirus expanding broadband to rural areas telehealth funding and president trumps executive order on social Media Companies. Three hours 25 minutes. Good morning this hearing will come to order todays hearing on the oversight of the fcc. And they are here today and a special welcome to our a distinguished panel for appearing today we will hear from sec chairman pai commissioners. The sec is the nations primary regulator interstate and International Communications networks a core part of the agencys mission is to ensure all People United states have access to rapid and efficient nationwide Communications Services at reasonable prices never before has the responsibility to achieve this mission have been more important covid19 spotlight on the Communications Networks in the American Peoples access to Broadband Service since march there has been a dramatic and sustained a surge in Internet Usage us networks have performed well and we are much better t
You do you reach for the stock equivalent of comfort food something that tastes just like the great bull markets of thats right you reach forfang, my acronym for facebook, amazon, netflix and google this session its more like fang because microsoft has become red hot. Netflix suffered a rare decline. The tech stocks led us higher. With the s p rising 1. 67 , and the nasdaq zoom being 2. 80 , it was a matter of time before we return to the tried and true this market has been going through groups like theres no tomorrow first we had the rally in the defensive Consumer Staples during the work from home nuclear winner the stocks rebounded we started reopening hospitals for nonessential medicine a run up in the big box retailers. That group seems a tad exhausted. Weve seen a surge in the Semiconductor Stocks as demand picks up from china and 5 g. Build out looks good continue with analog devices, amdi a decent quarter. A run in industrials as people bet the economy might be coming back as a
That ubers expiration has taken place, they are trying to improve the Operational Performance and have been given profitability. You provide all of these things up inis is a good set terms of investors new point on the stock. You look at the Shareholder Base right now, you do not see a lot of longterm shareholders. Softbank and encz mark, benchmark is unlikely to be a longterm shareholder, they were an early investor. I think that these are all is on theand the onus company to execute and show Operational Performance. Guy on the positive and negative side of the lot of the ledger, what did kalanick bring . Mandeep he really started this company and was aggressive in terms of taking the uber brand global, and that is what helped uber expand so aggressively both on the ridesharing and the ancillary businesses, but i think they are at a point where the brand is known to everybody. Improving thet reputation. The cultural damage that took place when travis was running the Company Needs to g
Away nearly everything weve learned about stocks over the past decade. I keep telling you, this time isnt any different which means you cant take your cue from the playbook that worked in more troubled times wanted to give up on stocks on companies that and never look back but you know what, these days that tendency will lead you astray including on this where the dow slipped four points and the nasdaq gained. 71 old habits are hard to break and the habit of baling on stock after disappointing news is no longer necessarily a money making strategy. In fact i will go as far and say it is a money loser. I am talking about the cut and run, the stock of bank of america. It failed speck tack collarly. And it would indeed crush you but that changed at your President Trump surprise victory. Of course donald trump, our booming economy is part of an expansion happening worldwide. This allows the Federal Reserve to raise interest rates. Well what happened this time around the stock blew through t
Its iphone 10. I want to know what theyre going to do in two years after the iphone 9 is introduced, what are they going to call the next one . Already have an iphone 10. Skip to the 11 . I digress we have all the details of all the new features on that. Plus Business Leaders are making news at cnbc and Institutional Investors delivering alpha conference. Well take you live there in a little bit. Jp morgan chair Ceo Jamie Dimon is about to take the stage any minute now that conference. Well bring it to you live as it happens. Hes already making headlines today saying the bank may no longer give intraquarter trading guidance and saying bitcoin is is a fraud wow that was thats gotten everybodys attention there. Equates it with tulips if you dont know what hes talking about, look it up, kids. Lets start with the breaking news out of apple there in cupertino at the new headquarters Brian Sullivan is there with details. Brian . Reporter hey, bill and kelly, thank you very much a lot to wrap