There first, youre going to ia lan mui has more from juan. Have the best ai solution. There are new ground rules its going to be hard not to for competing in the digital economy. New proposals out today are deploy the best ai solutions because you will have better answers than the competition thats a real vice and real conundrum five, ten years down large floikoused on eai highrik the road as facial recognition applications that face more software, health analyses, loan, stringent regulation and that means Greater Transparency in the data sets, methodology, we use this software thats just notification to users and better at doing it versus this software that eliminates these guarantee of human everysite buy seize, maybe this bank will meanwhile the ee wau wants to ct just be perform a lot better than that bank a Single Market for data, pulling Government Resources it will be a real vice and real into what they call an ecosystem problem. Yes, certainly facial of excellence. Europe believes it has the upper recognition. China has been on the forefront globally in terms of looking to hand in industrial data. Set the policy around that it wants to attract 20 billion technology too, which is kind of scary when you think about some euros of investment every year of the reports that have come over the next decade in just ai. Out about how that country is using that technology. As were having this entire the reason these are being so conversation though, i wonder what it means for investor closely watched is once adopted, capital flowing into new startups and new potential companies that are looking at they will apply to companies out of the eu but else where like these technologies. I think the investor facebook, amazon and apple capitalist is smart enough to understand again, i will use so Facebook Ceo Mark Zuckerberg the privacy regulations as an has been trying to get out in example, it enables new front of these issues, trying to companies to form that can build focus the content moderation but software that helps noir country in the world meet the standards theres a lot of scepticism the of various privacy regulations eu platforms will not step up on that issue or any other, as the i think investors are smart commissioner told our colleagues about understanding these ai at cnbc europe, the eu believes big tech has a special regulations will only inhibit some of the companies, not others i would not necessarily be in there investing in a public responsibility guys ylan, thank you for bringing us the latest out of europe streets camera facial Recognition Software in the u. S. Which has been aggressive towards the u. S. Moving forwards right now, because i think europe is doing a great job alley. China is enlisting the help of with these legislations. That being said, the workshop saying were going to pump the some of the largest tech brakes you cant just see where companies in an attempt to stop everybody is going and somebody could have a database everywhere looking at the communications jon and morgan have been 230 decency act that protects that strikes me as, again, the outbreak of the coronavirus. Common sense Online Platforms for liability outside of some very specific things like facial recognition, eunice yoon has more of users and the like. I think investors still have a reporter their calling for all hands to help fight what is going on with that lot of purview to invest in ai coronavirus, including this is known as big techs mechanical ones. Liability shield the attorney general bill barr autonomy and electronic robots are in the hospital actually had very strong criticism of this law. Vehicles, we havent talked about tesla here in a while. He said basically the law is not centers, built by beijings wow only shielding big tech, its we havent with you. Startups taking their high tech stock only up 40 again today. Havent looked at it this morning. To the hot zone. Also shielding the bad guys on robots do not carry diseases the internet how about 9 . He said the law has been and robots can be easily you have to give elon credit. Expansively interpreted and that means platforms are blinding disinfected. They can face the first front themselves to what it says is 2018 had to have been an line of all patients legal content on their platform reporter and drones are on and hiding behind this law to incredibly stressful year for get away with it the front lines too. Him. People breathing down his neck disinfecting public places, he got harassed for everything delivering lab samples and thank you very much. He did urging people to wear masks. Lets bring in former he wasnt sleeping, literally. Face Recognition Software and when hes tweeting im sleeping twitter chief, its great to see on the shop floor, he was. Infrared cameras now identify and he powered through and hes done it. All credit to him. Potential patients like its just remarkable what they have been installed at the hes achieved and how the starnd subways, train stations, you. Good to see you. Profits theyve turned in the i will start with the eu last couple quarters supermarkets, a backup to regulations, which seem common very few people who have called sense to me. Digital methods. That kudos to him. Do you see this as a escape and big data said theyre data transparency, allowing piercing eyes. People to know whats being captured about them and where thats being stored, that stuff Companies Like china unicom list is all very common sense on the other hand, just getting velocity seems like hes getting there. The services you have been to in rid of section 230b, theres a in terms of production. Yes, seems like hes getting the past 14 days my phone says i have been only to beijing lot more to it than hey, big there on production. Fully automated line didnt work abandoned ship all that could pro popel china tech isnt being held seems to have corrected on that. Accountable for content preorders on the truck are hightech push. Moderation higher than what you would have i think this type of work and you get rid of that shield, expected. People sort of look add skew companies will be sued every two effort is driving new adaptation at the the preorders, put a and Technology Days any time someone posts few thousand down. Anything that may or may not maybe get one later. Have happened, or may or may not reporter all while fighting be true specifically about them. An outbreak. Last quarter it wasnt an issue for the cars it sold correct, correct. Oo facebook, twitter, youtube, i and, again, the piper folks put oona yuns. Dont know how you deal with lets bring in keith learner that if youre those companies this in their note the other you cant be diving into the day, what is he going to do on and scott wagner truth and consequences of every solar and energy good morning to you both single post. I wouldnt count that out. Yes, its probably a couple more fresh news, you wrote the nasdaq so is zuckerberg the tip of years being profitable from where it is now but hes got high today and we have seen the that asset as well. The sphere is his take on this the way big as a former Public Company pullback a couple weeks with the ceo, how do you process mentally tech will frame it coronavirus concerns but the the counterpoint is you have fact we continue to move to a stock move like that folks like twitter trying to if it were a move down, you fresh highs, even as cases and deal with it and thinking about, would be trying to shake it off, well, we will accept these kinds fatalities climb, does it make of political ads but we will right . Its a move up sense for the markets right now . Reject these ads from candidates do you celebrate or are you because we cant tell whether waiting for the other shoe to is the worst over . Drop its truthful or not and we you know, internally, i think cant be figuring that out every is it priced in . Day so we will prevent those immediately about what you do first of all, this is a internally, you just have to from happening i think the fact some of the remind the company, hey, you serious humanitarian crisis by other platforms, youtube and know, congratulations on whatever you guys did this itself facebook, are less willing to morning because the company is dive into that is the reason so lets respect that. Worth another 10 billion. Of course. From the market what we are 230s being reviewed so good job. And you have to remind them like seeing is that the market is i think mark and susan at when the stock goes down 10 , giving companies a pass as far its not because you screwed something up this morning. As earnings. Youtube need to be more they know earnings will continue so theres going to be to hit but weve seen the aggressive and were going to do especially with a company like tenyear treasury come down from better and were going to try to this tons of volatility and, you 1. 9 to 1. 5 the fed is more likely to cut prevent people from posting know, you cant tell people not things that are blatantly false. To look at the stock price because theyre gonna all the time rates as oppose to increase otherwise they risk losing the rates and the equity risk moved shield, and that would be a but you just have to remind disaster for these tech them, we have to focus on our higher all while the market is taking companies. For the eu, when if comes to goals, do what we said were this in strayed, i think going to do and in the long run tech regulation, is the eu now the stock will do what its longterm trends are still the california, which basically going to do and it will all work positive is willing to be aggressive, out for us short term, i think we have to willing to go out front and kind but try not to get wrapped be more mixed on our shortterm around the axle on the of set a bar that then the rest shortterm movements because it views. Valuations are at cycle highs. Could drive you insane. Of the worlds jurisdictions the cal ratios at cycle lows will have to follow. Is that how it is now . I think probably, yes of course, if youre elon musk, what do you do meaning no one is concerned the answer is probably yes buy more stock as well about the downsides. This is not the only stock chart i think there are still thats been kind of bananas. Uncertainties about the effect i think about a name like virgin what will clearly end up happening is there will be lots of this virus going forward. And lots of Different Levels of galactic, being called the tesla scott, your thoughts on the of space right now. Regulation you know, the eu will probably good time to be called that. Market now. The market is pricing within be the move aggressive along yes, given the fact that the coronavirus now. It may not be obvious looking at stock has tripled from the price with states like california. The headline of the s p but other countries will have their at which it went public back in pointing out a tenyear bond own regulations that may go october. Halfway towards what the eus i wonder if you have thoughts on done what thats going to enable is that and in general we are coming down 30 base points and starting to see in certain if you look underneath the s p pockets of the market some of the rise of some sets of sas sas the heavy, more parabolic moves 500, the rotation weve seen over the last four weeks is back in some of these charts. So my partner at o1 advisers to the leadership from last year think of u. S. Versus international, growth over adam bane is on the board at Virgin Galactic. Companies that proprietary i actually dont know whats happening there. I checked with adam this value, large cap over small cap. Services for companies around morning, whats going on those are big numbers. Dont tell me anything you cant certainly the market is taking the world. Tell me but whats happening account of the virus and the oec wiping out sales and i didnt get any response. It may just not look like it if so i dont know what that means you look at the top line other than maybe hes on numbers. Keith, what do you think are tax and things like that the most important forces in the vacation or something during can you see things like this market that are counterbalancing taking place around big tech president s week. Be. Its hard to tell what will the covid19 coronavirus happen there good fiduciary. Spain announcing a digital concerns how stable are they . Are you taken back at president services tax of 3 are there things causing theres only 100 of revenue, so trumps trolling investors to take heart and at some point if every wucountr because its getting crazy shrug off the virus, that if wants to tax revenue, your total i think just to be perfectly those things weaken, we can see revenues inside the country by a leg lower . Some percentage, you run out of blunt about it, the mayor sure. I think the biggest, especially understands how to get under the revenue. President s skin and its from a u. S. Market perspective you know, its like, theres probably not a bad strategy. Only 100 to go around ve in ef . Different kind of race. Right. Different race than twitter is the amount from the u. S. To was built to carry where were these people in china is still relatively low. 2012 when i was running the look at the permanent data today, new cycle highs is a long company . You know, everyone obama was calm and polite and not doing indicator. And as oil prices come down, any of this stuff. Thats all good for consumers. Help a brother out this is a positive for u. S. Markets and were still dick, thank you somewhere in this period where always good stuff. Good to see you. Gik cost allow no alternative thats buffering the downside lets look where we stand i think we will get a pass over the next month or so across the averages. A lot of green both the s p and nasdaq hitting but right now earnings for this year are around 175 and starting new record intraday highs. To bleed lower if we start to see worst dow al3 now. Expectations, worse than what we will detail the best value plays in tech. Plays in tech. Thats coming up nexakt. Rough ms people are already pricing in, i think thats the risk for the market as we move towards march and april. Scott, given the moves we have seen in rates, treasury yields, in recent weeks, what is the bond market telling us right now . Its telling us that theyre coming around to the idea of the fed in order for the fed to hike rates over the next three, four years, the bar is incredibly high. I heard earlier with santelli, hes talking about the fact the reaping of the highest levels with the fed, and hes absolutely right but that is really underappreciated in the market right now. When theyre rethinking how they are actually measuring inflation, thats a really big deal and if theyre going to measure inflation on more than an average basis, that means that the pessimists weve seen over the last five, ten years on the inflation side make the bar to raise rates actually really, really high. The fact were having lower rates isnt really telling you were having a growth scare or anything like that the drop in rates weve seen with the impact of the virus has really been exclusively due to the term premium thats telling you thats a bit of a fight to safety and also the market coming to grips with the fact the fed, along with other Central Banks around the world, are not ready to raise any time soon. Keith and scott, thank you for joining us today thank you still to come the biggest earnings mover of the morning by far is groupon it is cratering this morning, down more than 43 we will break down what went e eaafr is past quarter te thbrk. But were also a company that controls hiv, fights cancer, repairs shattered bones, relieves depression, restores heart rhythms, helps you back from strokes, and keeps you healthy your whole life. From the day youre born we never stop taking care of you. Its got all my favorite shows turn oright there. Boom, i wish my Trading Platform worked like that. Well have you tried thinkorswim . This is totally customizable, so you focus only on what you want. Okay, its got screeners and watchlists. And you can even see how your predictions might affect the value of the stocks youre interested in. Now this is what im talking about. Yeah, itll free up more time for your. Uh, true crime shows . British baking competitions. Hm. Didnt peg you for a crumpet guy. Focus on what matters to you with thinkorswim. Shares of groupon could be a groupon this morning theyre shares are 40 off deed ra bosa has more. The company was once valued at more than 16 billion currently has a market cap of less than 1 billion on the analyst call this morning, ceo Rich Williams put it pretty bluntly our Fourth Quarter performance was disappointing by nearly every measure failure to meet the expectations we set will undersure our investors as it has us. Its turned groupon into a local experience marketplace, a major retreat for a company that once wanted to be a shopping platform so what happened here . Steep fees that hurt its relationship with vendors, bargainoorntsed customers unwilling to pay off and competition from bigger tech, which groupon foresaw and listed in the risk factor in the 2017 ipo. And a challenge from other tech darlings turned dud, apple, amazon, alphabet, facebook, moving beyond core businesses and eating lunches blue apron last night said its exploring Strategic Options including a sale since it went public in 2017 at a nearly 2 billion. Its faced competition from the amazon whole foods juggernaut and others theres also fitbit facing off against apple in wearables, has lost 80 of its value since its ipo. Go pro shares are down 90 from its 2016 debut and sewnous has taken its battle to the courts suing google over Patent Infringement and speaking out to antitrust lawmakers. As it gets bigger and reaches trillion dollar market caps, big guys are cutting smaller rivals. And pairing this together on a story we were talking about yesterday, all of those companies that you mentioned for the most part had opportunities to get bought out by bigger tech and didnt take them except fitbit is getting bought out by google right now in the wearables category i find that interesting because right now regulators are taking a look back at the Smaller Companies that big tech players actually purchased and try to make, i guess see if theres some kind of case theres stifling innovation. Theres the innovation there look at the groupon stock price, right . Thats a great point. Now with groupon shares plunging 40 just today alone but its long decline, analysts are talking about a takeover merger once again i think red bush said potentially there could be a yelp groupon pilot but you milwaukee a goake a goot once its clearly on its last legs, its okay t