O the computer histy museum i hope everyone is well and fe but the pandemic we are close but the dital doors are wide open im pleased to welcome you today featuring the director of mit initiative on the Digital Economy and conversation with Pulitzer Prize winning journalist markoff. And those with the generosity under these unprecedented times we need your hp more than ever to sustain museum to dever on our mission for technology for everyone. In the future impact on humanit humanitys please continue to join and giv now to iroduce mr. Hancock to introduce todays program and speakers. I am delighted you can join todays program. And deeply influenced by social media conctions sometimes a love hate relationship and the power for od. And directorf mit initiative with Technology Writer for questions such as e aftermath of the us election and interference in 2016 and 20 what steps can we take a look at social Media Companies do on the platform without cial and with these actions we can take
Good Tuesday Morning welcome to squawk alley. Im Carl Quintanilla with jon fortt and we had losses at the open but were close to session lows. Dow is down. 3 . S p 500 below 3400 the name of the game, jon, q3 earnings really no stimulus headlines to speak of were watching covid19 levels mega cap, m a in the chip space. You know what im talking about. Absolutely. We telegraphed it here it s were going to begin with amd and that 35 billion planned acquisition of xilinx. Its the boldest bet in a remarkable run by amds chief executive officer dr. Lisa su taking over almost exactly six years ago in october 2014. Sue has taken shares of amd from 3 to, what, 79 as of this morning. More than 2,000 rise. Todays deal is another challenge to intel its a push for market share in data centers and just the latest move by sue to turn amd from an also ran into a leader. Hopefully you have got to know me a little bit im all about focus and execution. You know, what we set out the plans for amd over the
Be risk on. The cash trade, less than an hour away. Here are your headlines. Big attack its even bigger. Alphabetacebook, and tune to techsumers to solve the problems of a global lockdown. The French Economy shrinks 13. 8 or after an increase in jobless claims shows the recovery is in shaky ground. Ibar, bnp arab are par beats all but one of the big wall street banks. Just an hour from cash trading. Lets look at futures. Futures futures, u. K. Are down but only slight moves. Nothing material. Nothing to show us what kind of direction we can expect. Futures right ww, if you take a look at the eif screen, also slightly mixed this morning. Of working slew earnings news. I will kick it off right now with natwest. Impairment charge of 3. 54. 5 billion pounds. Expecting less than one billion. In the Second Quarter, more than doubled the impairment charge for the full year. The company expecting at least possibly up to 4. 5 billion. The operating lost was 770 million pounds. Have iag asyou we
As much as 10 some optimism that lawmakers are making progress on the next virus relief package we got news republican senators are pushing for 25 billion in additional aid for the airlines. Nasdaq record high, gold record high, oil at a fivemonth high, 59 minutes left to trade, wilfred. Were up 0. 6 on s p 500. Ahead on todays show cbs giving up despite strong earnings and guidance, well speak with Ceo Larry Merlo about the results. Plus shares of twillio up 50 but taking a dip on earnings today. Well take a look at work from home winner. Roku, etsy and zynga analysis as soon as they cross first big stories were watching today, mike santoli tracking action, david faber new reporting on microsoft tiktok and berty on a multibillion dollar tech tale mike, first with you. Objects in motion tend to stay in motion to this rally grinding higher as a lot of the macro forces are pretty familiar right now. Another leg lower in the u. S. Dollar, real Interest Rates are further into negative terr
Several of whom will participate remotely. I will come artisticpa wish panl of witnesses. I thank them for a period. Today we will hear from mr. Steven berry, president and chief exec of Competitive Carriers Association paid ms. Shirley bloomfield, chief executive officer of the ruralhe broadband association. Mr. Dean kimmelman, Senior Advisor of Public Knowledge who will be appearing at testified remotely and mr. Jonathans vulture, president and chief executive officer of u. S. Telecom broadband association. The crisis has changed lead dramatically for every american. As the administration and the center for Disease Control and prevention encourages social a distancing to prevent further spread of the virus normalia activities like work, school and Health Care Services are now increasingly taking place online. This has caused a huge uptick for the use of broadband in one estimate shows that every Broadband Usage is up by 47 since the pandemic began. The good news is theres been progre