Chairman pai, the floor is yours. Thank you, tina. Alright, alright, alright. As someone once said. Today was an exciting day for Technology Goal innovation at the fcc. As we took significant steps and unleash the next generation of wireless connectivity, Broadband Networks and broadcasting. To advance the next generation 5g Wireless Services we voted to make another 1700 megahertz of highfrequency spectrum available for terrestrial, flexible, wireless use. We also streamline the rules for wireless and structured deployment which will help in the way for 5g networks and services. To advance nextgeneration broadband we voted to expedite the transition from legacy Copper Networks to modern fiber networks. Billions of dollars set to maintain the feeding Copper Networks of yesterday will be freed up to build a highspeed network of tomorrow. Will help bridge the digital divide. To advance the next generation broadcasting we authorized a new television standard in a voluntary marketdriven ba
Good monday morning. Welcome to squawk alley here with me at post 9, michelle carusocabrera, mike santoli carl and sara have the morning off. First up, bitcoin open for trading yesterday on an exchange run by the cboe. Heavy traffic causing outages on the cboe website, while the exchange also halted trading temporarily due to extreme volatility what to expect from Bitcoin Futures after what a wild week for that Digital Currency. A lot of people thought once this opened up were going to see it fall because people would be shorting it, but thats not stopped the rise it hasnt happened, but its only been a few hours, so lets see what happens take a look where we are, its important to point out were trading at a nice premium to the underlying spot price here 18,000 now over that cash price is 16,700, its been fluctuating, but you have a good 1,200 premium or so this is whats called the cost of money, the carry, thats tying up money for a month, so its usually a bit of a premium. Whether tha
What we know right now is one juvenile has been arrested, that juvenile is a nonstudent that came on to the campus and stabbed a student. That happened all at 9 00 this morning here at the high school in east san jose. Lets go to a view from sky7 so you can see whats going on here at theigat h neahr cunningham havenue and king roa. San jose police are here on campus. It is not an lockdown, it is still a shelter in place because police are collecting evidence. Were not sure if a weapon if a knife has been recovered yet, but basically what weve been told is that at 9 00 a. M. , a nonstudent came on to the campus behind the gymnasium area. It looks like this might be a little off campus. Its unclear but that juvenile apparently stabbed a student and it was witnessed by other students and staff members. They intervened. Thats what were told by the superintendent and San Jose Police immediately responded and took that juvenile into custody. They are not giving us ages but te u the victim wa
Buy timewarner a big power lunch begins right now. Welcome to power lunch, im melissa lee. Were just off session lows but stocks have accelerated losses here in the afternoon. Worst day in nearly three months stocks pushing lower following new details of the new Senate Tax Plan including a possible delay in Corporate Tax cuts. For all the details we have, lets head to john harwood in washington john the senates got a problem, their budget reconciliation rule allows them only to reducethis tax bill as we have seen emerge in the house, is going to cost more than that in the shortterm and also raise the deficit in the longterm. Also not allowed under senate rules. So what the senate is trying to do is make adjustments both to get the votes and also to meet the rules, one of those judgm t adjustments is going to be raising the Corporate Tax rate going from 25 to 15 . From what i understand, the senate will not delay immediate expensing, which is likely to be the stimulus part of this bill
Security numbers. Guess what . Dozens of states objected, including the republican secretary of state in mississippi who told the commission they should go jump in the gulf of mexico. I have an even better idea. I think they should go jump in lake superior. This is a beautiful lake, one of our best great lakes, but it is a little colder this time of year, even in the summer. I think they would enjoy it. I asked my fellow citizens, this fourth of july week to find a body of water nearest you and go tell the commission jump in a lake. President trump will be heading for europe next weekend for a series of meetings with world leaders. For whattop in poland is being called the three cs summit which includes leaders from central europe, balkan states and the balkans. Then he will head to germany for the g 20 summit where he is expected to have his first facetoface meeting with russian president vladimir putin. Other leaders include chancellor chart chancellor Angela Merkel of turkey. Tonigh