Social Media Companies ylan mui has more on the story reporter the dojs proposal strikes at the heart of the Business Model for platforms like facebook, google and twitter, section 230 of the communications ccc act the first is what theyre calling the bad samaritan bill, for platforms that facilitate or solicit illegal activity, and the second specific exemptions for child exploitation, and actual knowledge of elicit activity the doj cannot do this alone they would need congress to act to change the law. Big tech doesnt have a lot of friends on capitol hill these days just today, republican senator josh hawley unveiled a bill that would remove text Liability Protections unless the Companies Promise to act in good faith or pay a 5,000 fine to users if they dont meanwhile, democratic senator mark warner said that he believes section 230 has allowed companies to turn a blind eye to a host of ills, but melissa, he also said hes worried that the doj is using these tools as a way to get Big
Expect from cocacola when it reports tomorrow but we begin tonights show with bonds, treasure bonds because Something Big is shaking and stirring the market. If you havent been paying attention. Bonds staged reversal. Sending yields back to the highest levels in month. Is this the official ends of the. I love the booed bootleg bond music. We cant use the real one. This is a real song. I dont know but its not bond music. I hear the lyrics there is a man leading a life of danger thats tim seermt. I did ride my citi bank to the studio. Johnny rivers why you looking at my quizzically. Im asking you is this the end of the bond or bull market. I dont think it is, mel. I can be proven wrong as i tip cheh am on any given night bond yields go higher because economies improve. Maybe there is somewhat improvement. Were in the beginning of a turn i think you see it in manufacturing. I think youll see it here in terms of earnings when a lot of the industrials report although the bond market had a b
You were going down. 401 k s right now, i met last week in new york city with a very, very fine group of policemen. They were all so happy about their 401 k s. They feel like they are geniuses he said, im up 39 . I see all the guys carrying the booms are smiling. Are you up too yes, he is he has the one thats the highest and the closest. He is a good boomer but he has a big smile on his face, right thank you. Thats very nice they are usually with the press. They wont admit it but he does, because he is beyond the press i just want to say that people are up 30 , 40 , 50 depending on whats in there they are very, very happy. We think we are going to grow that a lot more. We think the economy has a long way to grow. It needs the tax cut and all that money is going to be spent on expanding businesses. We have so many Different Things in this bill that are going to create jobs. For me, this is a bill very simple it is a massive tax cut for the middle class and it is about jobs the jobs are
Holding in there at 16. Generally speaking, if it was down on last week, its up this week and vice versa. Vice versa, like the weather. Problems with tesla in hong kong meantime, millenials still love the stock. A look at why and well bring you the rest of the millenial musthave stock list as well. Plus, binge analyst dick bove says why hes bearish ahead of earnings kickoff favorite time of the season. I do like the anticipation and once it happens then what happens kind of all right. This right now feels like the exciting one got the Big Bank Earnings and big tech, United Health care is going to report. Well learn a lot in the next ten days. And happy amazon prime day coming up tonight. We start with the Amazon Effect hitting shares of best buy on reports that amazon is developing a geek squad competitor Courtney Reagan just back from italy has details for us. Hi there, bill. Go to see you. Amazon has quietly been building teams of Electronics Experts to offer inhome alexa training an
The 12 year lows. Theyre on the rise with china stocks as well. Look at oil, 33. 78. Lauren stocks and oil moving in the same direction this week. Market chaos in china certainly becomes a political issue on the campaign trail. Well tell you what candidates like donald trump had to say. Nicole well talk to gordon chang. He is the author of the coming collapse of china. Is this just the beginning of the end . Well hear reassuring words from Charles Schwab chief investment strategist Liz Ann Sonders. Live reports and analysis. We have you covered from beijing, new york, and chicago. Fbam, your look at fbn am, your look at markets and breaking news, what to expect in the day ahead. Mike ingram, market analyst at bgc Partners Joins us on the phone. Mike what are you thinking now, after this crazy week . Look, were down 5 but up arrows this morning. Now what . Frankly i would just stay well away. Very controversially underweight equity markets end of the First Quarter of last year. And im s