Adjourned. Following the open meeting of the federal Communications Commission held a News Conference from its headquarters in washington, d. C. This press conference with fcc chair Jessica Rosenworcel and brendan carr runs just under 40 minutes. Good afternoon, everyone. If folks could take their conversations to the lobby, we greatlyre appreciate it. Weto are about to get started wh the post conference and as you know we had a pretty lively and lengthy meeting so i would like to give the chair as much time as possible to answer questions for the reporters. With that i welcome the chair. Good afternoon. All right. Why dont we start with david. I wanted to ask about the effect [inaudible] could you please turn on your microphone. Can you speak to the current state [inaudible] under section 214 of the communications act, the fcc authorizes the provision of communications in the united states. We also have the authority to take away the authorization for providing service, and as youri k
Alibaba upping its range. The bookses could today as the jack mott tour hits singapore. Futures fall. The nasdaq suffered its largest oneday drop in 2 1 2 months yesterday. Apple moving lower down over a percent. Some new reports say the new iphone will not be available in china any time soon. With equity markets near record highs, Companies Buying back their own stock at record rates. Humana, a 2 million plan just the latest of many. Ingalibaba taking another s in what could be the biggest ipo in world history. Increasing its range from 66 to 68 a share, up from 60 to 66. That would raise 28 billion at the top of that range with potential to expand 25 million if they exercise the option to buy more stock to satisfy demand. You were so early on saying we would feel the effects before it ever came to the tape. Thank you. I assume large degree thats what yesterday was about. A lot of friday growth selling. A lot of nasdaq underperformers. Facebook, 200 billion company, almost identical c
Laying low, president barack obama reengaged calling out his successor by name for the first time. It did not start with donald trump. He is a symptom, not the cause. He is just capitalizing on resentments politicians have been fanning for years. Of fear and anger rooted in our past but also born out of the enormous upheavals that have taken place in your brief lifetimes. Reporter speaking to students at the university of illinois mister obama accused donald trump of attacking our most precious democratic institutions. We do not pressure the attorney general or the fbi to use the criminal Justice System is a cudgel to punish our political opponents. Reporter he blasted Donald Trumps Immediate Response to the white supremacist protest in charlottesville. How hard can that be saying that not these are bad . Reporter he went to what donald trump touts the most. When you hear how great the economy is doing right now, just remember when this recovery started. The weakest recovery we ever ha
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