That phone and the light with the device chain in 2007 and you remember that year . I know you know but for those who dont that was the introduction of the iphone. Literally it changed the way we use devices with those multimedia functions and it enabled and opened up several doors of opportunity for us to have this conversation today. But on a regulatory front which is more in line with your question in that 1980s the fcc launched its first cell phone spectrum ban and through a series of those decisions, based on that we are now seen and that marked the global, mobile revolution. Of course, revolution often happen in different phases at different stages. So now in terms of mobile revolution or evolution we are talking about the sixth phase in some ways but not in all communities and thats another topic for another time but the fifth wave or evolution when it comes to mobile phones. What we saw around the third wave or so is these devices becoming smaller, more nimble, less expensive a
Jason snipe is here as well. Lets get a check on the markets. Stocks are still deep in the red. The nasdaq, the biggest losers by far today on pace for its worst day since june 11th. The s p on pace for its worst day since june big tech names like apple, microsoft, facebook. There you see the index and some of the names amazon, alphabet they are the ones that are dragging the markets lower look at apple. Down nearly 6 microsoft, 5 . Facebook, 5 amazon almost 5 and alphabet 4 whats going up . Only the bond, the tenyear note at. 62 . Lets kick it around a bit is this the beginning of something bad or maybe not i dont think it is when i was on the show last week, i said, hey, all of us on the show today are greedy. Greed has a way of biting you at some point and you have to decide is it a flesh wound or is it drawing real blood. I think its more of a flesh wound. Its taking the weak handed traders buying things like zoom and now selling. That lets others as well were saying amazon will be
Firmly in the red here nasdaq is up 104 . Up 3 this week alone. Only tuesday coming up on todays show kraft is trading higher. Of they outline two billion in cost cuts and selling off part of the cheese business not all of the cheese business and some confusion as to which cheeses go and which stay. Well find out why the companys president about those moves will join us to discuss whether lack of fresh stimulus can impact and speaking of stimulus, former treasury secretary jack lew will join us and his article calling for more than 2 trillion in government spending. We begin with breaking news on apple. It is much anticipated event unveiling a new number of products we have the latest josh so a lot of news in that 60 minutes of apples show today. Start with the new hardware. That new ipad air. It is going to start at 599 available next month 10. 9 inch display with a huge boost in performance we know the ipad is a hardware line clearly benefitting from that work from home trend apple w
A realisation and deeply how the leave that for the west democracy is not a value its not the goal its not something that they lead by its actually an instrument its in to all of many places and its as theyve i think totally wrong about that. Tell me a little bit more because i dont really see why democracy would be a stick of the west so tell me a little bit more about where that perception comes from well he your book is not very flattering to you after it terry ends but i think youre ultimately confirmed that a deeply held believe that everybody almost everybody uses different kinds of tricks and manipulation studio and you kind of subvert the house and take expression of political will and based on his democracy is i doing it in certain the way they are relying on laws and regulations to ensure that self interest authoritarian nations may be doing that and more in crew there are ways but ultimately i think the conclusion of your book is that everybody doesnt. No really i mean i don
A permanent and deliberate handicap. Absolute academic concert as i have to say the kind of is that is the option that some less let me in between those 2 extremes i think you know we go back to the seventys or eightys if we were talking then about exactly this question these countries going through growing pains and i think by the time weve got 2020 we need to recognize that countries that are stuck in this kind of middle ground between terrorism on the one hand and democracy in the other they hold elections but they rig the elections the same government a leader is in power for very long its im these countries arent simply having growing pains that are on the way to some wonderful democratic future need for a day you know complete or talk or sees that have no ability to have any criticism whatsoever they seem to be reasonably stable countries that are stuck in between these 2 extremes so. It would be i think we should expect countries like russia to look roughly the same intensity in