Now, i cant get over it. Welcome, everybody. Hope you had a wonderful thanksgiving. Im neil cavuto. This is coast to coast. Were concentrating on the last day of trading for the month of november. Ion with the shellacking the Dow Jones Industrials is getting right now it is still looking at one of the better months weve seen in quite a few years. As a matter of fact, at the rate were going unless we really tumble out much bed here the strongest month since january 1987. Ignore what happened hater in that particular year. But for now were putting a capper on what is incredible comeback month included a surprising, legally infighting president ial election, pandemic spiking cases all over the the world. Yet with a comeback to put agrees on grease on the skids. Were getting growing indications this will be impressive run. Usually when you have a strong november you have a strong december. You put a capper on the year as a whole. A lot notwithstanding on optimism were competing for vaccine
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
And as millions of americans continue to stay home amid the coronavirus, we run down some of the hottest holiday tech peoples of their, all as swarmed online sites. Speaking of staying home, what streaming companies are doing. First, lets get a check on u. S. Markets, where we have been talking about the rotation out of tech shares on corona vaccine news. Reversed courseon wednesday amid data showing a possible slowdown in economic growth. Ed ludlow joins me with my. What are you seeing . Ed im calling it the unwinding of the rotation trade, taylor. The s p 500 coming off this record high, dow coming up 30,000 points that we saw yesterday, and then the technology stocks, the nasdaq 100 index up. 6 . Data wise, this is the first backtoback rise in weekly u. S. Jobless claims since july. Investors are reassessing what is going on with the economic recovery as it relates to covid19. The story, as you say, has been a move into value and smallcap stocks, those kinds of companies that would
As they demurred to the awesome power of the u. S. Congress. They were dismissive of any notion, they of all people would stifle competition or could in any way strangle free speech and crush conservative voices and votes. They claim to be the fartherrest thing from monopolists or oligarchs. They compete not only against one another and viciously but against others. Googles ceo, sundar pichai, claims his Company Faces intense competition, yet somehow, some way, google manages to dominate search traffic, accounting for, are you ready, almost 92 of all searches done online, 92 . That is very close to monopolistic, dont you think . And google also remains the largest digital ad platform by market share. Last year nearly 32 of all Digital Advertising dollars were spent, on google. The company paying a 1. 7 billion fine in march to the European Union where they stood accused of abusing the giant Advertising Market dominance, well, that denial was found to be absurd. All four companies today
As they demurred to the awesome power of the u. S. Congress. They were dismissive of any notion, they of all people would stifle competition or could in any way strangle free speech and crush conservative voices and votes. They claim to be the fartherrest thing from monopolists or oligarchs. They compete not only against one another and viciously but against others. Googles ceo, sundar pichai, claims his Company Faces intense competition, yet somehow, some way, google manages to dominate search traffic, accounting for, are you ready, almost 92 of all searches done online, 92 . That is very close to monopolistic, dont you think . And google also remains the largest digital ad platform by market share. Last year nearly 32 of all Digital Advertising dollars were spent, on google. The company paying a 1. 7 billion fine in march to the European Union where they stood accused of abusing the giant Advertising Market dominance, well, that denial was found to be absurd. All four companies today