Much to get to on this very busy day so lets get started. And we begin with a huge new surge of over 15000 new coronavirus cases reported on just wednesday alone and that news was enough for chinas leadership to oust 2 communist Party Leaders in the who by province in the center of the outbreak the news of those new infections means that indications that the virus was beginning to taper off thats what so many had hoped for is simply not accurate and when it comes to markets they reacted markets down today thanks to concerns that the worst is actually not behind us after all and that Chinas Health commission has reported more than 1300 deaths and now more than 60000 infections aside from the 2 Party Officials who have been ousted in china hundreds of other officials have been paralyzed and dozens were fired for not properly performing their duties during this outbreak. And for more on all of this were joined by boom bust cohosts christiane who is joining us once again from Los Angeles C
Economic opportunity of jobs, of Educational Opportunities for our kids and these counted cuttingedge innovations we hear about cognitive cars to cities and the internet wont work or wont work well without 5g. A lot of things we have to do right and government to secure u. S. Leadership in 5g. One goes to your question which is spectrum. We have to put out a lot of new spectrum bands to enable all of these great new inventions to work on a 5g platform. See ban is one component of that which touches on what we called mid ban spectrum. The secure 5g leadership we need low ban, mid ban and a high ban. This announcement is a good win for the u. S. By pushing more mid ban spectrum out there into the marketplace. Host isnt that mid ban spectrum being used by Satellite Companies . Guest all the spectrum we had is being used by someone right now but the question is how do we make sure we put it to its highest and best use. The idea were putting forward at the fcc is a way to protect and preser
Is brought to you by your local cable or satellite provider. Cspan, your unfiltered view of government. Host brendan carr is one of three republican commissioners on the federal communications commission. He is our guest this week on the communicators. David mccabe of the New York Times is our guest reporter. Commissioner carr, this week there was an announcement by the chairman of the fcc ajit pai about the cband and 5g. Could you walk us through in layman terms what the Commission Proposed and what may happen . Guest 5g and securing u. S. Leadership in 5g has been our top priority at the sec and my top focus. Why is that . 5g is going to usher in a new era of economic opportunity, jobs, of Educational Opportunity for our kids. All these cutting Edge Innovations we heard about today from connected cars to smart cities, internet of cities will not work or not work well without 5g. The a lot of things that you do right. One of the ghost to question which a spectrum. We have to put out a
Good tuesday morning. Welcome to squawk alley. Im Carl Quintanilla here is jon fortt. Morgan brennan is at the International Astronautical congress more from morgan and amazons jeff bezos in a moment well begin with Wework Softbank plans to take control of that company valuing it between 7. 5 billion and 8 billion. A huge drop from where it was valued, also cutting adam newmans stake down to double digits good morning to our guests good morning. Mike, i know that youre f m familiar with softbank, softbank a big investor in uber why is softbank doing this with wework is this an existential moment for them are they at risk of this investment taking them under this is a real crisis for softba softbank the story the past few years is uber is a huge high point or low point, and wework and how they valued the company, but soft bank, a huge vision bank came flooding in giving companies that arguably shouldnt have been propped up more runway and a longer time to survive and vcs out here say th
Help, need more credentials , need moreskills to survive in the current economy. Watch after words at 9 pm eastern on the tv on the cspan2. The pentagon wants to put more money into developing emerging technologies, asking congress for an additional 8 billion nextbudget year. Defense Department Intelligence officials recently talked about why they have put in the Largest Research and Development Budget request in 70 years. The our 10 minute was hosted by the armed forces indications and Electronic Association and the intelligence and National Security alliance area. Thank you. I was going to try and get you fired up here because those initial plenary sessions were a little bit subdued so i want you to feel free to get enthusiastic here. We got a great coming so lots of cheering for them and are going to have a great discussion. So welcome back. Before we jump into this next session, but he reminded everyone that for the plenary share and the maryland ballroom, you can email questions t