Neutrality program. The key takeaway, protection of an open internet and regulating the internet as utility. He writes in an oped at wired magazine online, im submitting to my colleagues the strongest open internet protections ever proposed by the fcc. These enforceable rules will ban paid prioritization and the blocking and throttling of lawful content and services. I propose to fully apply for the First Time Ever those bright line rules to mobile broad band. I spoke with chris lewis and doug break. Not a lot of big surprising news, but i must say that i think it is a disappointing move. It is largely an overblown response into a narrow question of what sort of Legal Authority that at the need to police the open internet. I am disappointed. You are disappointed because they are trying to change what disappoints you about it . Title two, there are all sorts of legal entities we crossed into. A big part of the open question is how the fcc will do the forbearance process . There are prov
Its perfect for some i maybe too hot for others. Its okay. Just drink a lot of water. Reporter this is killys 4th year at the festival. Everyone is really friendly. Everyone seems to love it and have a great day. Seems like theres more people. A lot more people thanksgiving last year. Ive been coming for 6 and 7 years now. Its also bigger and better. Reporter brians children didnt seem so interest d in the music, but endless play and summers are for all age its awesome. You get to hear all this live music. Its great. Reporter it was her first time coming here. But as a sign suggests, it probably wont be her last. Will you come here next year . Absolutely. Reporter people are having to go home now. The show is over for today. There will be people coming back. People will camp out, the weather is so nice. They would do it if they could. But its illegal. It should be a nice night. Were looking at temperatures in San Francisco still in the upper saefkts and low 70s and low 80s. We saw wide
Expecting the u. S. Economy to grow to . The reason i raise this is to go down there and talk to policy makers and business people. We could have more taxes here, more regulation there. A little more cost of labor here. And a fair amount of uncertainty and take on one of the great economic miracles. They understand this thing they have a great economy growing rapidly is fragile and requires government to facilitate rather than later uncertainty. That is almost like a test tube of forcing. We had a time in which we had a huge amount of uncertainty. Comes from some comes from government action. We had an aggressive regulatory agenda. We have not made a certain investments we have made. You add that up and you have a period in which businesses are operating under huge weight. Creates the conditions under which businesses can operate in intellectual freedom. Among the things government can do is create the conditions under which cost [no audio] to allow businesses to innovate. One of the s
Nikkei. Overnight in asia not good. 2 drop wrapping up what is the worst week in three years. Of course concern about china in terms of exports or lack thereof. A look at europe where we also are going to see a good amount of weakness. The follow through as you might expect from here yesterday, a day in which we saw the s p down almost 2 and the nasdaq nasdaq down 3 . Lot more than that. Yeah. Lets get to our road map this morning as you might imagine. Does start with that meltdown if you want to call it that in the markets. Stocks slide around the world. You just saw. Is this the start of a correction . The tip of the spear, jpmorgan profits disappointing. Jamie dimon confident in the american recovery. How will the banks weak results drag on the market and other financials. The flip side wells fargo profits up 14 and those shares are rising. Another bad month for sales at gap. Gap discloses a 6 drop in march samestore sales after a disappointing february. Gross margins taking a hit.
Calendar you are leaving town. Told weekend . Dagen no just that weekend. Going to be a nightmare. Connell i dont live anywhere near it. Dagen really aggressively happy fans on the street. Where a girl can dream. There it is, 100 point gain on the dow, on the heels of yesterday, Nicole Petallides is at the Stock Exchange with more. Nicole the market is looking pretty nice today. If you are a bullish view like that 100 point gain you are like it today, 2 days in a row after monday where the dow sold off 180 points. That is the environment we have been in. Year to date, the s p 500, right now at 1847 so right around 1848 it did move into positive territory for the year so far but dipped back a little bit. On the Dow Jones Industrial average, microsoft, verizon, some of the names leading the way and aerospatiale up 3 on the talks that may go private. Ww are watching at as well. Dagen the heat getting turned upon target on capitol hill, two democratic senators, John Rockefeller and clear m