Not quite as thrilling after day as we had yesterday. Ashley connell it, would be hard to repeat. S p and nasdaq dropping because of a covid 19 vaccine fading a little bit. Investors pull out money from the tech companies, that benefited most from the pandemic. Look at the dow and s p and nasdaq down. I want to get tech stocks red across the screen. Microsoft, facebook, nvidia, Big Semiconductor conductor down 6 . Adobe systems down 4 . A lot of the stocks higher on the year but a victim of the rotation of money out of tech. If it is coming out of big tech where is it going . Lets take a look. Consumer defensive names. Companies likes walmart, costco, target, proctor gamble. There they all are. Weve gone from a red skeen to a green screen. Target, all the others also higher. Industrial stocks giving boost from a csx railroad gaining more than 3 as did ge, right around 3 . Raytheon up 4 1 2 . We should mention boeing, gaining more than, well, see in the final analysis 5. 2 . It was up m
Guest section 230 is an important mechanism to defend free speech on the internet. We think it should largely remain in place and that many of the attacks on 230, and especially the president s executive order that he issued in response to twitter Fact Checking about two very problematic censorship that runs contrary to the First Amendment. Host berin szoka, comes your initial thoughts on potential changes. Guest jessica and i dont always agree but i agree with everything she just said and i will add to that that is not just an apartment protection. Its the law that made todays internet possible. It would be possible for websites from the smallest blog to the Biggest Social Network to host content there uses greater if they could be sued for each and every one of those pieces of content. Thats what section 230 protects against. It also protects against websites when they moderate content that they may fight harmful or objectionable. What the administration is trying to do is now the pr
Alphabet is up about 11 year to date amazon is up 50 this year you have to wonder if it is the revenue that will be hit particularly hard as travel remains under pressure and they get a good chunk of revenue from that sector. His tweet was on may 1st, the stock closed at 701 that day, were getting new details on the ppe program. Yeah, were waiting the release of loan recipient names. That should be about 13 of the recipients in the program. Here is what we know about ppe after as you mentioned the president signed that extension over the weekend 4. 9 million loans were guaranteed the average loan side was 107,000 about 30 billion in loans have been returned or canceled. Those that fall into the category will not be on the list that we are supposed to get today. This is supposed to be how many employees were in the company when they applied for the loan many businesses are facing deopenings, well be back with more as soon as we know it thank you, kate. That is a good way to get into sto
Dollaryen is doing this, a big gain in the u. S. Dollar against brent is upyesterday, and back below 70 basis points. Yvonne lets get the first word news with Karina Mitchell in new york. Promising billions of pounds per infrastructure to end an era of austerity. Plan criticalding to Boris Johnsons political mission. Offering support amid the coronavirus fallout. Former Vice President joe biden has hit the ground running, saying hes wanted michigan, missouri, and mississippi. Consolidating his lead over Bernie Sanders. Both candidates Cancel Campaign rallies in ohio on concerns about the coronavirus. And saying the countrys relationship could be put at risk. Kelly was temporarily in solitary confinement. South koreas Unemployment Rate dropped sharply in february, even as hiring began to slow. The jobless rate fell to 3. 2 from 4 a month earlier. Signalingwth slowed, coronavirus may be impacting labor. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more th
Fight the homeless crisis. This would pay for rent an immediate housing assistance. There was a issue that would allow state land for this pr ect. He is fighting healthcare costs and discussion healthcare crisis. Th includes a proposal to create californias only line of generic drugs to negotiate directly with the drugmakers. Walk hi. Thank you for having me. 222 billion. We had some history in the week that was going to be in the budget. What did you hear today that set out for you . I think it put governor gavin newsom issues under one. He his trying to get at the inequalities within the system and how to help people who are homeless or ngare struggto stay in their home. With the services to keep them stable. We talk about Climate Change th looking at places maybe are not as resilient or how to protect folks that are in places d that cobe near wildfires. We also spoke about education. We won help the children of poverty in the state. The future is suffering because of the quality. Th