Spread of but potentially damaging article involving joe biden son, did social media giants just hand the government razor wire to wrap them in regulation, we will look at the stocks, both political and financial, our panel of experts from the field of politics in emerging technology is here to debate this issues to the latest election year. The company you have never heard of that is working on whipping up an antibody cocktail to try to keep you safe from covid, the ceo immuno professor is here in this box business exclusive. How close is she on this, hopes and setback in the bigger race to Covid Vaccine and therapies, the nasdaq is still looking to make it four weeks in a row of gains, its up 61 points in the s p up 23 and the dow charging ahead by 273, the market youre a fox business alert, we now have the early ratings from last nights dueling townhall, democratic nominee joe biden gets the edge, the abc appearance pulled in 12. 3 Million Viewers from 9 10 00 p. M. Eastern on abc wall 10. 4 million watched President Trump on nbc during that exact time period. It is social media on the names at this hour, news breaking this afternoon that the Republican National committee has filed a complaint with the federal Election Committee accusing twitter of sensory and new yorks post on joe biden son, bombshell New York Post report on tuesday and focused on his alleged influence peddling while working for eight ukrainian firm during his fathers vice presidency. How will all of this affect the election and in facebook and twitter just open the door to the government, the government that has been banging on a door to get a federal crackdown on social media stock, we are joined by emerging Technology Doctor matthew, who is also written, brian gardner, policy strategist and democratic strategist richard goodstein. Matthew to you first, then well get to the stocks, twitter prevented users from retweeting the article, that is just the fact, theyve since reversed that, now does it give the government the sharpest weapon until now to attack them with. Once again it was completely legal and within the scope relevant, now how does the governor respond to this remains to be seen, is certainly true to say the left and the right have their own complaints about social media these days but i dont see giving the current environment the left and right to come together to agree on a cohesive legislative package, the fact is although many people have been talking about section 230 of the communications act, even with significant reform it looks clear to me that the First Amendment does allow private companies to moderate content which is what happened here, of course people can criticize the decision and wish that facebook and twitter did not do this but it seems to be a decision that is safely within the law. Liz yes, twitter is a Public Company but it does certainly not pass the smell test when what they allow about certain candidates and what they dont allow to be shared with other candidates, if you could focus on why they did not, they claim they did not because there was actual emails and their but they did not prevent the New York Times article from being spread that focused on leaked documents of President Trumps tax documents, correct where is the difference. There is a difference, the policy prohibits the linking of material that reviews emails and phone numbers and addresses, those kind of things, if you go to the New York Post article, you will see that personal information was revealed, if you go to the New York Times article on trumps tax returns which were obtained, none of that personal information is revealed, maybe twitter should revise the policy and maybe it should be different, i do think there is a difference there, this is not the first time this time of thing is happening, earlier twitter prevented private information about Police Officers being leaked in a similar incident. Liz nobody complained about that when they prevented the sharing of that information. To brian, twitter is barely down, facebook is hardly up, it does not appear to be hurting these companies right now but what you foresee for the future because we now have Senate Republicans saying theyre subpoenaing jack dorsey of twitter, they want to hear from them. I think it is interesting, in some ways twitter actually gave a contribution incline to republicans in the president s campaign, it had been a tough couple of weeks for republicans and the way that it was handled in twitter, was it legal, what the policy should be, whatever, the way that they handled it enrages conservatives, at a time when the president is trying to get his footing back and get back into the race, this helps him because it highlights one of his grievances against the establishment that is a double standard and there are a lot of voters out there who may not unlike the president s behavior on a whole host of issues but when this comes up, they feel sympathy for the president. , bacterial question, what happens going forward, very little income i think theres going to be a lot of talk, its great political talking points for both sides when you get into the regulation of social media, whats the endgame, how does this play out in the end, i dont think theres a lot of policy changes in the future. Liz richard goodstein, what is worse, social media interference or government interference . I dont think donald trump has much standing to complain about twitter which he has used recently to say bin laden was not killed, to say the dnc, yes indeed is made up of cannibals and pedophiles in donald trump is the savior, he has used twitter and facebook and the russians use facebook in 2016 and if twitter and facebook now have a little bit of concept and say we are done being used by our foreign adversaries, it is kinda hard to complain on moral grounds and certainly not legal grounds as we just heard, this is not Government Action and republicans used to say keep your hands off of private enterprise. So i think in this case, donald trump hands are not exactly clean. That is all. To say that somehow twitter is abusing him is ridiculous. Liz matthew, to that point, these are private companies, their publicly traded, their private companies but facebook can act like its not a news outlet as much as it wants but there are huge number of americans who now get their news from facebook, dont we start to see a blurring of the lines and on twitter and facebook to not look like they are so partisan at a certain point, you have to look at that, do you not . I think the conversation has highlighted to the two ends of the political spectrum operating in different universe, it will come to news that facebook has been harmful to conservatives, the data ought to do well on facebook, i dont think theres any blurring of the lines but i do think the leadership of facebook and twitter are considering the facts that are in the crosshairs in the very upset about this and not content moderation. The fact is as long as their private companies are allowed to associate with whatever content that they want, this does not come up in the election the whole year with covid reveals the content moderation, and my happy to have private failure than government failure, urgently twitter and other available avenues out there. Liz brianne, for our investor audience, what are you advising when you clean the headlines out of washington, d. C. About the future for social media and their ability to grow. I think theres two prongs that investors should look at, the one is the regulation of content like we have discussed at the last few minutes. Again, i think prospects or major changes on that are low, i think any changes that will be made yes section 230 rules will probably be at the margins and not be substantial at the headlines today suggest. The other side is, antitrust, this goes beyond just the social media companies, this is taking oriented more broadly. Should the Vice President biden win and democrat sweep the senate, especially with the senate run by the democrats and what youre seeing coming out of the house, with house democrats, i do think you will see more of a focus on revisiting of the antitrust rules as it applies to big tech, im speaking more broadly than social media. I think we are in the early stages of that discussion and i dont think theres a consensus on how the rule should be changing because it would involve a total rethink of antitrust rules as they have governed the United States for the last 40 years, but the conversations are starting to perk up. My advice, not yet, Pay Attention but to the headlines into development in washington but in terms of policy changes it will move stocks and change the fundamentals of the business model, it is early innings. Liz richard, twitter is the tool for both sides of the aisle to get messages instantaneously out, does any of this change going forward. No, what might change is not just the antitrust examination but again in a free market competitors do have a way of somehow manifesting themselves, as far as the campaign is concerned, absolutely not, what happened here donald trump was advised by his National Security advisor last year that the russians were using Rudy Giuliani to promote this information to the United States. Thats exactly what happened, why do you think they had to go to the New York Post, the classiest rag they could find to put this out and again, twitter said. Liz hey. The classiest paper we will not be a party if you dont mind and now they have the excuse of personal information, you cannot really blame facebook and twitter for not wanting to be an ally of the russians. Liz let me just tell you the fbi is looking into it and has been for many months, we dont know yet about russians lack thereof and all that detail, matthew brian, richard, thank you very much for joining us for the discussion, it is business and politics intercepting in real time, we have a fox business alert on the favorite stock on the robinhood investor crowd, bankrupt Car Rental Agency hurts, they secured debtorinpossession financing totaling 1. 65 billion, the stock is jumping 160 right now, dip financing enables firms in chapter 11 to continue operations which is exactly what hertz plans to do. Ps hertz was a 20 stock, today it is 2. 69. Chew on this, online pet products truly jeffries raised it to a buy, the popularity of pet adoption by millennials is driving to ease growth model, to a jumpy board half percent, hello fresh jumping after the meal kit raise fullyear guidance to massive demand in the Third Quarter, how massive, hello fresh says expected earnings from the Third Quarter could hit a median of 130 million, just a year ago hello fresh pulled in 15 million. So that stock is jumping 7. 5 the news is casting a green glow on blue apron Morgan Stanley price target cut, blue apron is up 1 . Not a lazy day for recreational vehicle maker investors jumping aboard after the rv maker scrapped plans for share offering, the stock is up 21 , they see the offering price did not reflect the underlying value of the company, the stock has shut up 280 this year propelled by the craze for Outdoor Activities during the pandemic lockdowns. From rvs to camping out at home, lows and home depot are added the green, they are reflected in todays retail sales figures, we have hd up 1. 6 im sorry lows is up 1. 6 in hd up half 8 , can the shopping carryon with firsttime jobless claims picking back up and stimulus in the air, the show is gearing up, our traders at the ready, the closing bell ringing and 45 minutes. We are coming right back. Reentering data that employees could enter themselves . Thats why i get up in the morning i have a secret method for remembering all my hr passwords. My boss doesnt remember approving my time off. Lets just. Find that email. The old way of doing business slows everyone down. With paycom, employees enter and manage their own hr data in one easytouse software. Visit paycom. Com for a free demo. Liz the markets are climbing all of credit cards and shoppi shopping. Look at the rally, if you are driving, if you love the exim serious listeners on channel 113 retail sales posted major gains set september, the dow is up 24 points, the nasdaq, month over month, spiked 1. 9 , the estimate, x auto was 1. 5 but the top line number was an expectation of just seven tenths of 8 , a very nice move, very nice move, this was the fifth straight month of retail sales growth on top of that we did get you the university of michigan and neutral Consumer Sentiment report seen a boost under a point but we are looking at a slightly at the top of the show gelling data that starts to look good, however, we did not get to this yesterday but firsttime jobless claims kind of stagnating moving higher. While the retail picture looks very, very strong and they point to you, the consumer preparing for more time and spending money on Sporting Goods and improvement items on furniture, what does it mean for holiday sales and could we see stagnation or continued rise to the floor show traders. Welcome scott and welcome phil, this is certainly good news, is it not . It is, funny thing it doesnt fit the narrative, weve heard a lot of negativity in the marketplace, concerns obviously about not getting the stimulus, worried about covid but ill tell you if you look at both the retail sales in the consumer confidence, that is telling a different story, it might be that something we can look to the president ial polls as well because generally people vote their pocketbook and were seen strong retail sales and consumer confidence, that may give them a change going, lets face it, the jobless claims are concerned, there is no doubt it would help to get the extra stimulus package and get us through the hump but the Fourth Quarter should be absolutely incredible, we should see a really strong comeback in the economy, that is what the stock market is saying im very optimistic going into the holiday season. I cant wait to get it started. Liz we did the initial jobless claims, they came in at 898,000, hotter than expected, more people firsttime joining the jobless roles in filing for claims, by the way it is about 2000 away from the highest level since august. Again peaked at 7 million back in march but scott, are you looking to invest or at least advise, what are you seeing as far as concerns for the investors trying to balance what they see with the labor market slowing down and what they see with people still continuing to spend money and are there opportunities . Hi liz, when you take a look, look at the xrt which is a spider on the retail etf, that has been going gangbusters, setting new highs, that is based on the retail, not all the Retail Stores are participating but there are enough big ones that are doing it, pushing that up and that is a sign that the consumer is out there spending, another place where that is helping, look at the truckers, its driving the dow jones transportation average to new highs, again the goods have to be shifted to the stores, people are buying, stores or reordering, its a very strong time for the consumer and while the representative, people are hurting and theres a lot of people who have cash and willing to spend it but theyre not buying clothing to go to parties or anything there fixing up their homes, buying luxury goods, that is what theyre doing. Liz can i say i bought a full length gown which is the stupidest thing on planet earth to do but when my going to gala, it is cheap it was on sale, ill be prancing around my house in this ridiculous gown, it was really, really cheap. I was like marchesa, i am in. Have a great friday and have a good weekend. We appreciate you being here. Have you guys watched boeing, it is pushing to the max so to speak, top aviation regulator saying the 737 max jack is safe to return to the sky and could grab a directive listing grounding orders as early as next month, still down 48 , boeing airlines is a big winner on the dow, up 2. 6 . Back on the ground, one Covid Vaccine partnership moving closer to a regulatory comes up, akiko the cocktail therapy has gotten dinged by the World Health Organization, the covid cocktail hunter who has worked with the biggest names in pharma is here to hash out the hard truth about how close or how far we are to success. 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