Youtube segment. The coronavirus remains front and center the u. S. Reporting more than 90,000 cases in a single day for the first time ever. 59 minutes to go in this session, the week, and the month. We are down 3 on the nasdaq today. Ahead on todays show we will speak well break down all of these moves and speak with dan niles and see if he is buying any of the tech nims names on the dip. Lets get first to the market. Mike santoli is tracking the action for us. What stands out . Just in the last hour or so, the s p 500 did go back down and test this level everybody has been watching. We have been pointing it out all week basically the september lows, 3,230 and change we did hit it on the nose. It was a little bit of a tag and then bounced off that. Thats what a test looks like. You dont pass every test. Keep that in mine. It is also the june highs. Also the break even level for the year so there are understandable reasons why people are clustered in this area and decide whether thats
This is an uncomfortable day. You can say your own thoughts about those and other stories that. Make the big tech monopolies come under scrutiny and cross talk. Hello and welcome to crossfire all Things Considered im Peter Lavelle the time come for google and other Big Tech Companies theres a growing consensus the near monopoly status of many of these companies is bad for competition bad for the consumer and even for freedom of speach. No doubt Silicon Valley is lowering of. Cross talking big tech im joined by my guest bill new in london he is a privacy campaigner and c. E. O. Of the cyber crisis firm the crisis team in dallas we have. A wealthy advisor is well is a managing partner at investments and in c. Back we cross to Geoffrey Carr he is the author of inside cyber warfare mapping the cyber underworld and founder of 30 up a video streaming platform right gentlemen crosstalk rules in effect that means you can jump in anytime you want i always appreciate let me go to bill in london
A managing partner and investments and we crossed to Geoffrey Carr he is the author of inside cyber warfare mapping the cyber underworld and founder of 30 up a video streaming platform crosstalk rules in effect that means you can jump in anytime you want i always appreciate let me go to bill in london bill is it time to break up Companies Like google and facebook and we can talk about what should be done if they are maybe they should become Public Utilities go ahead bill in london theres been very left little appetite in the polls for breaking up these come these companies indeed theres been very little left to tell if a challenging them in any way because the enormously lucrative in terms of the lobbying that they do and all of this leigh they have a very strong position in the market i think what weve seen very recently with some of the scandals around privacy that these companies are now vulnerable and possibly their future is in play ok the same question to you because we do have 8
Be nauseated by the companies that have already reported with the sole exception of tech, which is once between getting a pass. We could have more days like today where the dow lost 174 points, s p tumbled. 62 , nasdaq shed. 63 . It was much uglier at one point during the day. What makes me so sure earnings season could actually be so difficult . I think its because were rooting for lower inflation and less wage growth. But so far we just arent getting that scenario. Oh, yeah, we had a onetwo punch today of a hotter than expected Consumer Price index coupled with a Government Bond auction of 30year treasuries that fell flat. Causing the bond market to get crushed while the yields soared. What the heck is the government even doing offering a 30year treasury right now . They know nothing its the birkenstock of bonds. To reference an ipo that smelled like dirty feet. Pricing 46 bucks just before falling to 37 and change after the first two days of trading. Another day like today and it wi
Over much of the past three decades, ive been an investor. [applause] the highest calling of mankind, ive often thought, was private equity. [laughter] and then i started interviewing. I watched your interviews, so i know how to do some interviewing. [laughter] ive learned from doing my interviews how leaders make it to the top. Jeff i asked him how much he wanted. He said 250. I said fine. I didnt negotiate with him. I did no due diligence. David i have something i would like to sell. [laughter] and how they stay there. You dont feel inadequate now because being only the second wealthiest man in the world, is that right . [laughter] about 40 years ago, a Young College graduate, mike wirth, joined chevron. Then and now, one of the Largest Energy companies in the world. Today, he is the ceo of chevron and dealing with multiple issues that Energy Companies have to deal with today, including Renewable Energy. I sat down with mike wirth to find out what its like to run chevron today in the