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I believe in the principles outlined in the law. It is clear section 230, it is not working. Justice Clarence Thomas said the courts had sweeping new protections of 230 that Congress Never put in statute. It is time to scrap the law and start over. Yesterday the new york post, one of the countrys largest newspapers published a piece on hunter biden, and his work on the board of Ukrainian Energy company burisma. She had no qualifications. It is an important story as most americans would be appalled by the press Vice President using his fathers position to earn an enormous contract. The response from many in the media and twitter and facebook bring to light an even bigger concern, the Biggest Social Netwo ....
You are all out working. Thank you for coming. With less than three weeks to go until the election, Many Americans are eager to learn about the candidates. It is imperative our information channels are open and americans can access stories by the press and their own social circles. Congress believed in the power of information so much they created special Liability Protections for information platforms, Technology Companies like facebook, twitter and google. It is called section 230. I believe in the principles outlined in the law. It is clear section 230, it is not working. Justice Clarence Thomas said the courts had sweeping new protections of 230 that Congress Never put in statute. It is time t ....
Lets bring in our guests today, arguing that stocks might not be so close to new highs for very long mike wilson, Morgan Stanley, back with us good to see you. Glad to be back. 10 correction is the most likely outcome why is that . Its a continuation from the call we made in september where we got a 10 correction. We walrallied back all this comes back to our framework. We look at the valuation its pretty full volatility has picked up because of the events they know are out there, whether its the virus, the second wave, or the election the premium we believe is a bit understated from where it should be thats all were saying. Its full here these risks are not going away for the next 30 days theyll be with us so, look, the range we put out in august, 3,100 to 3,550 holds. Were still bullish on the vshaped recovery, the call we made a while ago we think its a new bull market. But its risk reward and the risk reward for the upper end ....
That broadly speaking if we dont get that, there would certainly be Downside Risks certainly through the channel i mentioned. Thank you cnn. Thanks for taking my question chairman powell, give us an update to the policy framework and repeated calls for this and this event, is the fed open to other parts of the economy such as income inequality and Affordable Housing we monitor everything we think is important in the u. S. Economy. In a broad sense, all of it goes into thinking about Monetary Policy you mentioned inequality so disparities in income and Financial Wellbeing demographic and racial categories, something we monitor carefully, inequality, which i would point to its a multifaceted thing, stagnation of nat the lower end of the income and lower mobi ....
Right now the focus is on states and cities that are holding back on reopening and phased reopening plans at this stage here. Looks like it is relatively contained but all of this in an environment where the number of cases has picked and the World Health Organization says the worse could be yet to come. Interesting development as well in england they were reordered to institute lockdown measures. That is follows on heels with other Foreign Countries bedevil ed openings not going necessarily to plan. Im not talk being about what is rapping in russia, india, spikes in cases in japan and the seoul, south korea area. The fear this seems to way on the markets eventually. Something that will slow certainly the reopenings and the economy and recovery that many hoped to see from that. Very tepid. No matter what happens today. Looking like a boffo month for all the majo ....