Latest kayla . Melissa, this effort by the white house to target social Media Companies for a perceived bias has been under way for nearly a year, but in the wake of twitters Fact Checking President Trumps own tweets, policy officials rushed the executive order out today. Heres what is in it which the president signed this afternoon. Agencies from the fcc to the ftc and many other agencies in between are directed to review liability shields that are provided to these content companies that protect them from lawsuits over what appears on their platforms. The department of justice are directed to organize state attorneys general to enforce the crackdown. The federal government is also going to be issuing a widespread review of taxpayer dollars that are going to these platforms in terms of the governments own ad spending and all of this is expected to happen over the next 30 days. These agencies are supposed to report back and these funding totals are supposed to be submitted to the offic
Even pharma is down. One thing you have pointed out is the volume and how it has picked up as we sold off today and extended yesterdays weakness as well. Yesterday volume had dried out and people were sitting and waiting. You are seeing a pickup in activities this week. What do you think that signals . Brent i will go back to my opening comments from the standpoint of people who are shortterm market participants, thinking of the next couple of weeks what is volatile given the reopening has started and we will get realtime feedback of how that goes. There will be spots where it will not go as well. If you have those setbacks in those areas, that would be a nearterm market detractor. We will find ways to deal with this. Treatment,ccine or these have become political statements, but i do think america will find a way. That is what capitalism and democracy does. It adapts to problems historically. We have this big blanket of the economy which was a thing we needed to do and now we are find
Zuckerberg would not. Twitter is banning political ads of all types. We have details. Googles former head of design ethics talks to bloomberg from the event in new york. His thoughts on to knology, apple has beati across the board, topping estimates from both last quarter and next quarter. This is a significant accomplishment for apple despite some sputtering iphone sales. To break down the report, i am joined by our analysts. Let me start with lee. Broadbased beat, what is your take away with this . Thatit is not a surprise the stock had performed pretty well coming into the report. Especially on the Services Side of of this was a pretty large beat. That and the Gross Services number was pretty unexpected. That and the guidance for the Holiday Quarter was pretty good. Look at the expected revenue numbers, the midpoint for the Holiday Quarter is about 5 million below the alltime high, which was last year. In terms of apples business, they will be a smaller business. The financializatio
With Steve Liesman and fresh comments frommed fed chairman. Jerome powell sieve times said Interest Rate policy depends on the Economic Data he added the economy is overall in good shape despite troubles on the horizontale many indicator show a strong labor market solid job gates. Unemployment at half century low and rising prime i age participation. There are risks. Prin will i from Global Developments growth around the world mass weakened the last year and a half and uncertainties apprehend trade and, brexit and other issues close risks whats did are does it mean for the outlook process . He appeared neutral about what the fed would do at the late october meeting. Markets took his comments as affirming expect aches for rate cuts jp morgan if the fed leadership wanted to push back gesticulate against expectations we think powell would have chosen language not calling out downside risk. Speaking in denver, the fed chair said the central bank will increase the size of the Balance Sheet
We have more on his appearance, plus reaction. And the huawei perspective. We get thoughts from the chinese telecoms Carrier Business Group on 5g, securities concerns and more. But first, our top story. Ibm fell as much as 6. 5 , the most since october 2015. This comes after the fifth consecutive quarter for posting slower sales. Joined by my am guest. Lets start with the top line decrying. Is there not enough growth from red hat to offset the cost in that core business . Yes. Frankly, this is a question of one word, which is expectations. There are a lot of expectations for red hat that paid a lot for the Company Going forward. If you look at ibms core business, they are managing it for profitability as best they can. But the Global Services segment has historically been a profit driver and a cash cow. But you have to remember as people build the hyper cloud they moveture, as more of the cloud, there needs to be in the Core Technology space that change. They will need to drive efficie