Of government. Created by americas Cable Television companies as a Public Service and brought to you today by your television provider. Us this week on the communicators as federal trade Commission Commissioner Noah Phillips, one of three republicans sitting on that commission. This has been a couple of years you have been on the commission. What kind of work do you do . Commissioner phillips we do a lot of really exciting work. Twomission is divided into pieces. Competition, antitrust law, and consumer protection, which covers a wide swath of territory. Both of those areas put us squarely in the middle of a lot of interesting changes our society is going through and technologies, which all of us are dealing with and many of us are using. And teliknology medications have become a bigger part of your portfolio, havent they . Commissioner phillips to some extent, yes because to some extent telecommunications are much more the purview of the fcc, but with respect to privacy, we do work wi
Law, and Consumer Protection which covers a wide swathe of territory but includes everything from gardenvariety scams to [inaudible] both of those areas are squarely in the middle a lot of really interesting changes that our society is going through and technologies which all of us are dealing and not many of us are using. Host technology and telecommunications had become a bigger part of your portfolio over the last couple of years, havent they . Guest to some extent yes your essay to some extent because telecommunications are much more purview of the Commerce Department in the fcc. But, for example, with respect to privacy, we do work there with respect to advertising claims. We do work there and certain technology is a a big part of t we do. Host and antitrust when it comes to technology, correct . Guest yes, very much so. Host it was a recent article in the wall street journal talking about a potential lawsuit against facebook. Can you tell us about that . Guest all i can tell you
Official cash rate being kept on hold, 0. 25 . They are prepared to provide additional stimulus. Just keeping you crossing these additional lines coming through. Monetary policy needs to support the economy for a long time. The economic recovery is on track. The funding may be ready before the end of the year. There is progress being made on additional monetary calls. There has been a rise in unemployment and an increase in firm closures. These lines crossing the terminal now. They kept that cash rate on hold as expected. Just keeping calm and carry on. You mentioned that november review of the Monetary Policy tool. A lot of questions that they will deploy are negative Interest Rates. This is what the market seems to be pricing in. You see that new zealand 10 year yield ever so slightly get into those record those for yields right now at 47 basis points. Lets check the markets to see what else we were expecting. A lot of central bank action. At these newg zealand assets right now. We a
This second half rally continue . Then a stimulus stalemate the latest from washington as both pelosi and mnuchin talk covid relief. And later its been one of the biggest winners of the pandemic, why peloton is getting a new street high price target over at jpmorgan its actually not a bad place to start right there, guys, because for the second day in a row, david, we have had some analysts raising targets even on names that they maintain at neutral, today its b of a which yesterday kept apple at a neutral, they upped their target acknowledging moment tim today they do the same thing with tesla, this Equity Funding will fulfill growth and their price objective goes to 500 plus yeah. Listen, every day brings more things that for me are reminiscent of the late 90s its hard to avoid it. I made some comparisons yesterday, many High Quality Companies of course are getting the fuel this time as opposed to what was a broader spectrum of companies perhaps at much higher multiples, many of whic
With malan for another year. [laughter] i know youve missed me. Everyone has been saying youve been crying every sickle morning. Tom this has been something, folks. Theres a lot going on in europe, who will be great to have jon in london for a bit to keep track of things. Just to go away from jobs, away from all the news flow we got, i mentioned this to anna edwards, i am thunderstruck by the tone barnier on of mr. A United Kingdom that is not even responding. Has brexit fallen off the United Kingdom at . Jonathan can we agree on one thing . Just because i am here, i am not the brexit correspondent. I still have very little interest in that debate. I also want to talk about this market. I think theres been two down days the whole time. Tom absolutely. We have seen a paring back here. Pause, andis just a i think theres a lot of buzz out there right now about the lack of liquidity and people hedging along the way, creating an acceleration ever higher. That will be tested in the coming da