Market including jobs of the trumpet ministration are doing we will soon be in record territory all they want to discuss is couvade 90 you know for one side agree mr president lets discuss the u. S. Economy and our friends on wall street in fact just last week the Federal Reserve released its legal latest triennial study into consumer and Household Finances and according to Mint Press News the report found that quote millionaires and billionaires hold a remarkable 79. 2 percent of the United States Household Wealth 2 and then only 11. 9 percent of american households have at least 1000000. 00 in wealth to their name only 11 only 12 percent roughly but but what about wall street us that that magical mystical place that realm of power here in the United States well truth is wall street means. Very little to most americans as a political political reports that the reality is that the wealthiest one percent of americans own 50 percent of the value of stocks held by individual households an
Just a reminder, if you have questions as we chat, feel free to drop them into the chat below. Voting is on everyones mind at the moment, and with coronavirus, more voters than ever are trying mailin ballots or voting early. Alternatives to our usual voting methods, a lot of people are asking will voting become digital, as well . Thent to kick off conversation by asking, why would we even want online voting . My bias is coming from seattle where we have a robust mailin ballot system, and the process is already quite easy. Im curious what the conversation would look like around, why do we need this kind of technology . I think the appeal is in normas. Is enormous. In theory, it has largely been attempted in this country for military deployed service members. It could be used for people with disabilities who dont have a lot of ease getting to the polls. If we somehow had a robust online Voting System, it would drastically increase voter participation. The bigger question is how we would
For almost 25 years, the preservation of Internet Freedom has been the hallmark of a thriving Digital Economy in the United States. The success has largely been attributed to a light touch Regulatory Framework and to section 230 of the communications decisions the act, the 26 words they created the internet. There is little dispute that section 230 played an early role ofthe Critical Development Online Platforms. It provides protection from liability to remove and moderate content that take what their users consider to be obscene, filthy,cinius, excessively violent, harassing, or otherwise objectionable. This shield has been pivotal in protecting Online Platforms from but it has also given these internet platforms the ability to control, cycle, and even censor content in whatever manner. The time has come for that free pass to end. 230, 24 years of section much has changed. The internet is no longer in emerging technology. Companies before us today are no longer scrappy startups operat
Drop them in the chat room. Voting is on everyones mind at the moment in with the coronavirus especially more voters than ever are trying mailin ballots are voting early and as we are talking about our usual voting methods so many things have moved to on line and people are asking will voting become digital as well . I want to start the conversation by asking why would you even want to on line voting and i will say im coming from Seattle Washington where we have a robust mailin ballots system and its quite easy. I think the appeal is enormous. In theory its largely been attempted in this country for military servicemembers and it could be used for people with disabilities who f dont have a lot of access to the polls. I think if we somehow had a robust on line Voting System that would drastically increase participation and the bigger question than how we would get there. This country doesnt have great numbers of people who show up on election day and many people are so engaged. They are
Good wednesday morning im Caro Quintanilla with jon fortt and Julia Boorstin with us dow down 800, worst drop since about june 11th, on covid worries in the europe and United States, lockdown worries in france and germany oil is down about 6 vix getting closer to 40 were monitoring the ceos of twitter, facebook as they testify on section 230 well begin with dominic chu on more on what is driving the downswing. A lot of narrative around the rising covid cases, not just in the United States but europe as well markets may be taking their cues from whats happening in europe. Theyre talking about wider spread lockdowns in germany and france and whats if it happens here in the United States. Thats playing out in the markets right now. For the s p 500 specifically, below the 3300 mark, that is below both the 50day average price and the 100day average price for those indices, so many traders looking for technical or chart pattern levels as they look at trades today the s p 500, this little rol