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Good monday morning welcome to squawk squawk im jon fortt with Carl Quintanilla and julia. Were in the final stretch of 2020 were focused on two big ipos, airbnb and doordash. Airbnb is bouncing back strong doordash saw demands surge both of those companies seeing encouraging demand for shares and to define the future of the gig and sharing economies. Leslie picker has the latest on the ipo process. Its important to underscore the rarety of this level of issuance in a single week. Excluding spacs, were expecting to see more than 7 billion worth of ipos this week. Since the start of 2014, only three other weeks have surpassed that kind of volume. Most recently, in mid september there was, if you remember, there was a big week of software debuts unity, jay frog went public. The only week thats saw greater issuance was in may of 2019 when uber went public and then september 2014 when alibaba went public what is different this time, ....
Steve scalise, nancy nancy maces Jeff Van Drew and louisiana senator, john kennedy. Futures starting on a mixed note. The dow industrials are down 120 points, the s p is also weaker by 3 and a quarter but the nasdaq is up a little bit of a rotation going on this morning, back into technology. The nasdaq up 50 o 50 points. This follows a mixed performance yesterday, investors rotating into the tech sector. Were standing by for key speeches from Federal Reserve officials later today. Well take a look at market moving words on rates and the economy. Pfizer and biontech 90 effectiveness report helping drive markets. What challenges do we expect before its rolled out of. Ill speak with the companys founder and ceo of biontech later this hour. Then, cruising into the future, one state is anticipating a future filled with flying cars and its making a buzz this morning. Mornings with ....
Dom . How many of us wish we had more time, not just 48 hours but more time in general anyway, the markets right now are in a Holding Pattern thats what well call t. Marginal losses in the s p 500, dow and nasdaq, as you can see there. Just about a quarter to a third of a percent across the board here, but we were positive at one point today so a lot of that uncertainty playing out, but not a lot of reason to wholesale buy or sell so thats what were seeing in markets. One place where were seeing a good amount of positivity today is in the internetrelated names. Social media specifically. Check out this First Trust Dow jones internet etf ticker fdn is off the highs of the day, off twothirds of 1 small of the smaller social media ones are there as well helping to power this particular move remember from the lows up to here, it was up about 96 , and then it fell about 15 here ....
The honorable chief justice of the honorable associate justices of the Supreme Court of the United States. Mr. Goldstein mr. Chief justice may please the court with that copyright ability question in this case and into the computer work that not the patent so that means the public not oracle has the right to function and oracle cannot leverage the copyright there is no copyright protection for computer code to perform those functions here Java Software developers have the right to create applications for the smart android platform but they require google to reuse the exact set of declarations it is intermittently claiming the rights not just to what the declaration says is not a copyright it is a patent right. And in the modern Interoperable Software here reusi ....
Mr. Goldstein mr. Chief justice may please the court with that copyright ability question in this case and into the computer work that not the patent so that means the public not oracle has the right to function and oracle cannot leverage the copyright there is no copyright protection for computer code to perform those functions here Java Software developers have the right to create applications for the smart android platform but they require google to reuse the exact set of declarations it is intermittently claiming the rights not just to what the declaration says is not a copyright it is a patent right. And in the modern Interoperable Software here reusing to rewrite creative applications that are used more than 1 billion people those policy questions are almost academic not whether this court would find fair use the much narrower question they could find fair use in ....