Good Tuesday Morning welcome to squawk alley. Im Carl Quintanilla with jon fortt. Its a mixed fwoog day retail earnings, amazon pharmacy, covid19 restrictions, fed speak. Were going to begin this morning on capitol hill as both Mark Zuckerberg and jack dorsey testify before Senate Judiciary on censorship, suppression, and, of course, the 2020 election our Julia Boorstin is monitoring this and can tell us what happened so far. Julia . Well, carl, senator Lindsey Graham focusing on what he sees as a need to revise section 230, thats the rule that protects social media platforms for legal liability for content. He says facebook and constituenter wetwitter were making editorial decisions and far more transparent standards are necessary. He called out the Mental Health risks associated with social media use. On the other side of the aisle, richard bloomenthal, he is calling for breakup of the platforms. Mark zuckerberg supports change to section 230 dorsey pointing out they need to walk a f
The subcommittee will come to order. I ask unanimous consent the chair can declare a recess at any time. Without objection so ordered. I want to remind members of key regulations on rules and then members must also continue to use the video function and then to experience connectivity issues or other technical problems. And then let us know as soon as possible so you can receive assistance. And you can call the committees for a technical assistance. Members may also not participate remotely any other proceeding occurring simultaneously. It is the responsibility of each member and mute your microphone prior to speaking. If i hear any inadvertent background noise lastly please mute your microphone. All standard rules apply. We will have a good faith effort to address the connectivity issues and participate fully members will have five minutes to ask questions to insert a document into the record, please have the staff email it. This hearing is also live streamed for the public to view an
Without objection so ordered. This is a hybrid hearing i want to remind members of key regulations from the House Committee on rules to ensure that the hearing goes mooths smoothly. Members must be visible on screen for the purposes of identification when joining this hearing. Members must also continue to use the video function on todays Software Platform cisco web x for the remainder of the time attending this hearing unless experiencing connectivity issues or other technical problems. If a member is experiencing any connectivity issues or problems, please inform the Committee Staff as soon as possible so you can receive assistance. A chat function is available for members on the web x platform for this purpose and members can also call the committees main phone line at 2022254472 for Technical Assistance by phone. Members may also not participate remotely in any other proceeding that may be occurring simultaneously. It is the responsibility of each member seeking recognition to unmu
Here on cspan3, well take you live now to a hearing on amtraks response to the coronavirus pandemic. This hearing is already in process. While possibly only saving amtrak 213 million. Overall, the damage could top 3 billion if amtraks planned nine months of Degraded Service stretches another quarter to a full year. Ill finish. Thank you. The amtrak community was hit especially hard because several airlines say theyll drop service when the c. A. R. E. S. Act expires. Thats 67 cities facing air cutbacks. Nearly half, 31 of them, would all flew the same, sacramento, tampa, these routes touch nearly every corner of our country. On the empire builder on eight states from illinois to washington, those towns face a nearly 400 million blow. The north south city of new orleans between louisiana now produce nearly 134 million in economic benefits. It could wipe out as much as 88 million of that. Simply put, this drastically reduced utility of a nationwide Network Operating three days a week, mak
Nations rail Service Needs 4 billion to stay afloat for fiscal year 2021. He made the comments in testimony before the house transportation subcommittee on railroads. The subcommittee will come to order. I ask unanimous consent that the chair declare a recess at any time during todays hearing. Without objection so ordered. I also ask unanimous consent that the subcommittee be permitted to sit with the subcommittee at todays hearing and ask questions. Without objection so ordered. This is a hybrid hearing. I want to remind members of key regulations from the House Committee on rules to ensure that the hearing goes smoothly. Members must be visible on screen for the purposes of identification when joining this hearing. Members must also continue to use the video function on todays Software Platform cisco webx for the remainder of the time they are attending this hearing, unless experiencing connectivity issues or other technical problems. If a member is experiencing any connectivity issu