Was the introduction of the iphone, which literally changed the way we use devices with those multimedia functions, and it enabled and opened up several doors of opportunity for us to have this conversation today. But on a regulatory front, which is more in line with your question, in the 1980s, the fcc launched its first cell phone spectrum band. And through a series of those decisions, you know, based on that, we are now seeing and that launched this Global Mobile revolution. And of course revolutions often happen in different phases and different stages. So, now in terms of mobile revolution or evolution, were talking about the fifth phase in some ways, but not in all communities. And thats another topic for another time. But the fifth wave of evolution when it comes to mobile phones. And what we saw around the third wave or so is these devices becoming smaller, more nimble, less expensive, and more ubiquitous. So, you had the popup of a lot of these very accessible sites to buy the
October 18 futures indicated up about 50 points for the dow s p indicating to be up about six points all of this riding on the big number it is jobs friday expecting an increase of 75,000 none farm jobs and increase of Unemployment Rate of 3. 6 . The numbers are weighed down by the strike at General Motors those striking are treated as unemployed thats important to remember overnight in china, new data showed factory activity slank. Analysts expected it to pick up from last month. All of this raises the stakes for the trade war. Eunice yoon has more for us now. Thank you, becky. That official number was different from the private survey that came out showing factory activity expanded at the fastest pace in two years. It could be because the private survey tracks small and private companies as open toesed to large ones. China this morning proved to be a tech power house the goal here for 50,000 they keep on serving now with the 5g enabled phone apple is on 4g and the huawei phone is 10
Washington many. But it is stronger than expected much more on china coming up in a few minutes. European equities, again, sliding in the last few hours. Germany basically flat were taking that to 3 decimal points here. France, uk, spain slightly negative, italy essentially flat as well. Finally treasury yields, the tenyear hovering right around 1. 7 1. 69 is where we have it right now. So certainly something that investors are watching. Yeah. You have yields slipping again a little bit this morning, but were off the lows of last week, which briefly dipped below 1. 6 on the tenyear. Thats encouraging yields had such a big effect on equities as we all know. I think on europe the interesting thing to note this morning is that were not seeing a gap up again in terms of the spread of italian over german yields and talk about the potential new election coming up hong kong, is down 9. 5 , shanghai down 5. 5 it is weighing more on the shanghai market. We saw that elevation escalation of conce
6 00 in the morning, so we have a few groggy members here on the committee. In the heat of he 2016 election, as the russian hacking and dumping operation became apparent, my freedom unanimous concern was that the russians would begin dumping forged documents along with the real ones they stole. It would have been too easy are russia or another malicious actor to seed formed documents among the how then tick onestake toe make almost imfor identify or rebut the fraudulent material. Even if a victim could expose the foreign ricer the damage would be done. Three years later were on the cusp of a technological revolution that could enable even more sipster forms of deception and disinformation by malign actors, foreign or domestic. At vanses in a. I. In Machine Learning let to emergence of advanced digitally doctored types of media, so called deep fakes, that enable malicious actors to foment okay or crisis and disrupt entire campaigns, including that for the presidency. Rapid progress inar
Growing up in pasadena was great. Its a city known for beauty and for recreation. But we, during the summers especially, would get pummeled by air pollution. In the 1970s, none of us kids realized our parents had been dealing with this for a generation. But we felt it in our lungs. If you were outside for a couple hours playing sam on baseball, whether you had asthma or not, your lungs got constricted, your eyes would tear up, you would get bad headaches. I remember this so clearly. You know, wed be playing baseball or skateboarding, which is a really popular thing. And we come in and it wouldnt be because we fell. Wed come in because we felt so, so ghastly. And my mom, the scientist, would just say, oh, its smog, go lie down. Heres an aspirin and put it down. Washcloth over your forehead, you know, which really didnt do anything for me at all. But this was something that was just a part of our it was like the backdrop of our childhood. July 26, 1943, was was olays pearl harbor. It was