Of the commission is up for renomination and confirmation by the senate and the process continues irrespective of the outcome of the election. For instance, my term runs through 2023 and i can hold over for a longer time potentially and i will continue to serve regardless of the outcome of the election. Host with Michael Oreilly not been renominated by the president if there were a change in administration you and chairman pai would be the republicans, correct . Guest yes, Michael Oreilly has served for a long time on capitol hill and at the fcc in his term expired about a year and a half ago and we are allowed to stay on until the end of this congress when we are in that situation whether it is any one commissioners so commissioner oreillys term will come to an end and commissioner piatt, chairman pai and myself can continue to ser serve. Host now to the policies, in an Election Year are you able to get things done . Guest fcc has been incredibly busy. I think this interview right her
Abigail doolittle who has been over this story. Nasdaq another record high today. What are you hearing about sort of the strength that we saw into end of todays session . Its pretty amazing. We have another record high for nasdaq. Nasdaq 100, big tech stocks continuing to do well. Those are the stayathome stocks this years defense. Theres an odd tension that you have this years defense and new hitting record high after record high. Interesting,t earlier today, you had tech slightly lower. Bulle end of the day really rushed through supporting technology. Investors looking past virus numbers. Its not going to slow the that it hadhe way on the shutdown. Back in february when the virus was raging in china, that down, stocks here ignoring it. It feels we are ignoring some of fundamental data. Take a look at the moves that we have on the day. Wasnt just tech. Tech actually on the day a sector. Ower as financials up 3. 5 . Bit of a nice cyclical tilt s p 500 beings s p helped out by bond fall
Fox wagon is keeping its china production facilities shot over persisting fears of the new coronavirus initially v. W. And others planned to resume production today the move comes as analysts try to gauge how hard the virus is hitting carmakers business the impact could be particularly severe for german brands which make between 30 and 40 percent of their global sales in china alone. Car sales in china are falling rapidly in the wake of the coronaVirus Outbreak the bank u. B. S. Expects february total sales to tumble by half a clear threat to popular german brands like b. M. W. And mercedes because if that werent bad enough extended factory shutdowns and supply chain disruptions the set to lead to a massive drop in production china has so far been a Success Story for german carmakers the overall market is in recession but the german brands are still growing. Folks bargain notched up sales of nearly 4200000 passenger cars in china in 2018 the biggest single country for v. W. By far dima
Subcommittee on communications and technology. One of the key policy makers when it comes to telecommand case and policy. Congressman doyle, in this past year as the year comes to a close what has your subcommittee accomplished when it comes to telecommunication policy . Guest hello, peter. Weve been busy on the communications and technology subcommittee. Tomorrow we will be on the floor with stella. Something the senate had a hard time marking up a bill. We were able to mark up in my subcommittee and full committee and we will have that on the floor tomorrow on the suspension calendar and we look to pass that tomorrow and get that over to the senate. Obviously weve already done robo calls and that pesky little issue that americans have wanted us to do something about we passed the amended house bill and that is in the senate and we are waiting for the senate to take action on that. Obviously much earlier in the year we passed our Net Neutrality bill which sits in the senate and we are
Economic opportunity of jobs, of Educational Opportunities for our kids and these counted cuttingedge innovations we hear about cognitive cars to cities and the internet wont work or wont work well without 5g. A lot of things we have to do right and government to secure u. S. Leadership in 5g. One goes to your question which is spectrum. We have to put out a lot of new spectrum bands to enable all of these great new inventions to work on a 5g platform. See ban is one component of that which touches on what we called mid ban spectrum. The secure 5g leadership we need low ban, mid ban and a high ban. This announcement is a good win for the u. S. By pushing more mid ban spectrum out there into the marketplace. Host isnt that mid ban spectrum being used by Satellite Companies . Guest all the spectrum we had is being used by someone right now but the question is how do we make sure we put it to its highest and best use. The idea were putting forward at the fcc is a way to protect and preser