Heard from countless individuals in the public about their concerns ranging from Health Concerns, anesthetic concerns, underground conditions and private concerns and i think many of these are quite legitimate expressions to members of this board. Its been a frustrating topic of discussion. Ive had the pleasure and pain of participating in these discussion and appeals over the last two decades. Largely in part because the Telecom Industry has, as i said to ms. Blackstone, fairly and squarely purchased a lot of influence at the federal and state levels to tie local governments hands and our ability to regulate this industry responsibly and commence rat with the desires of our citizens. Beginning when i was twoyearsold, with the federal Telecommunications Act, im sorry, i just missed that by 32 years. The Telecommunications Act of 1996, it was the first overhaul of Telecom Regulations in a half century and extending to changes to our state Public Utilities code and Public Utilities commi
The dow plunging 280 points and s p 500 down 6 and nasdaq down. 55 but that is not true if the trade war were really all important, the averages would never have been able to surge to record levels over and over and over again as tense as negotiations may be it is more of an issue than most people seem to realize if that is the case, what just happened over the last four days why is the action suddenly become to frightening . What does it mean for your future and your portfolio . You have to think about larry kudlow, the chief economic adviser and Steve Mnuchin and thought china would be willing to open up the economy to American Financial companies if the president would give them a stay of execution on the scheduled december 15th trade hikes. But the hardliners in the white house, no, they warned us. They warned that if the free traders kept talking up the prospects of a deal the Chinese Government with push for better terms. That is thur style weve seen this before every time trump
Is left unprotected on a google cloud server. We will speak to the hacker who discovered it. First, our top story. Elon musk unveiled teslas new cyber truck with stainless steel exterior and armored glass that is not supposed to shatter, but the demo didnt go as planned. Oh my god. Well. Maybe that was a little too hard. Taylor for more on the mishap and how shareholders reacted, i want to bring bloombergs ed ludlow who was at the event. Before we get into the pomp and circumstance, how was the cyber truck . It is the futuristic concept pickup truck that elon musk has been teasing for 12 months. It is exactly as he described. Think of the 1980s film called blade runner served in november 2019. It rolls out on stage, it is big, boxy and looks nothing like a conventional pickup truck. It is really impressive on paper. 060 in seconds, can tow 14,000 pounds, makes it competitive against traditional Combustion Engine pickups. On paper, it is this amazing thing. It is just that it is so diff
Good friday morning. Welcome to squawk alley. I am Carl Quintanilla with jon fortt at post nine of the new york stock exchange. Morgan brennan is in simi valley at the Reagan National library we start with jobs numbers, sending stocks surging, near session highs, up 303 on the dow, flirting with 1 gains in the session. Joining us to morning, mike santoli covering the up swing in the best of both worlds. The market was craving a good number, good news is good news no implications for the fed trying to restrain things. It is interesting, you look at the week, we did a v in psychology and the stock market, a week ago yesterday hit the alltime high, 3150 in the s p 500. We ran into ism numbers that challenged the rally u. S. Growth close to 2 . Weaver an overbought market, little shakeout. Now it seems like numbers since then restored that premise that things are Getting Better or never got that bad as we thought late summer. The question now, we return to the highs. Still have valuation r
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