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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 wetwitt ....
Getting too frothy for my taste. Now, what does frothy really mean beyond some sort of pejorative connotation involving overenthusiasm s p backs 77 and nasdaq declined. 34 a market that likes. When you get a game stop situation, a bunch of home gamers join forces to push up stocks, things get really frothy very fast. The stock went from 4 to 400 before falling off a cliff again. If you want to spot froth, keep an eye on the soaring stocks and figure out if theres anything real behind this boost or if theyre phoney before we get too negative, maybe it would pay to do a little investigating maybe not everything is frothy maybe some stocks actually deserve to trade higher. Hey, can you imagine maybe many do. I got to, lets do this. Which actually have substance. So we can draw conclusions about how dangerous this moment really is quantumscape, up 66 . This is a Battery Technology company geared toward electric vehicles given ther ....
Will not actually stay for the customers. And polls open in india, nearly a 1000000000 people are eligible to vote in the walls largest general election the while it is 7, g m t. And we begin this news out in iran, the government that says its edison systems have shut down 3 drones. And these interceptions are reported to of happens near the central, around and city of ispa home. It ran and media, it says a nucleus science and the military base and of as soon as he would not damage. American media sizing us Officials Say it was, and his really attacked with the as really ministry itself has not commented. Israel had said it would retaliate off to around north hundreds of drones and missiles at israel last saturday. Lets take a look at the flight way though, is that ron sites will briefly suspend a to and from several cities, including the capital to iran is behind. And sharon as well. We have a team of correspondence following thes ....
Included in math and spelling. 37 billion for stocks up again. The president access dealmaker and chief. The north korean coast featuring not one, not to, but three Aircraft Carrier battle groups. Not before. Next up, vietnam where he made he with vladimir putin. Taxes come understandable make changes to the plan now coming out of the house. Sources tell fox business that top rate will come down to 37 from its current 39 points six and there will be a oneyear phasein of the 20 Corporate Tax rate. I will tell you now, investors hated. I cant resist this. This is how democrats celebrated the oneyear anniversary of the trump win. Screaming at the sky. Just wait until they see this show. Varney company is about to begin. Im screaming here. Take a look at the futures market, please. We are going to open lower. The dow, s p, nasdaq on the downside. This is about the possible delay ....
I have always been the first one to talk about cooperating with every, single state or federal agency that we need to. Reporter the supervisor supports the citys decision to end cooperation with the fbi task force. Right now, i think in San Francisco, we are in a very defensive posture. We are waiting and seeing every day what the next move is coming out of our federal government. And we need to do everything we can to stand up for our residents. Reporter the president of the board of supervisors, london breed, agrees that San Francisco needs a timeout. We pride ourselves on having preparations for, you know, emergency situations, you know, we are in earthquake territory. Were prepared for a lot of different kinds of scenarios. But, um, i just think that the one thing that we didnt prepare for is, you know, the Trump Adm ....