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a.m. at google headquarters in california 11:00 a.m. on wall street and "squawk alley" is live ♪ good tugs morniesday morninm carl quintanilla very busy morning in the markets today. we try to get back to 3440 or so q-3 earnings a part of the big news stimulus watch, we'll learn more in the coming hour or two. but we're going to begin in washington justice files this landmark antitrust suit against google and we have more on that

>> i'm still working many i way through this 64-page lawsuit that the justice department has filed against google in which the department allege that's google'sant w anti-compev behave wror is going on for years and still going on and it may be getting worse in the complaint, the justice department writes that google entered into exclusionariy agreements including tying arrangements and engaged in anti-competitive lockup and block rivals the department says google has taken a page from microsoft's playbook to sustain the monopolies and even instructed blows not to use words like tie, crush, kill, bundle, or even market power in any public or private communications the complaint says that google has refused to diverge from the anti-competitive path and that even as the department was investigating the company, google entered into agreements

with some distribudistributeors even more xluexclusionariy. google responded in which they said today us alawsuit by the justice department is deeply flawed people use google because they choose to not because they're forced to or because they can't find alternatives. they'll have a fuller statement out later today. as significant as the department of justice's lawsuit is, it is not the final word on this company. we have now heard from seven states that say they are going to be continuing their own investigation of google. that includes new york, colorado, led by democratic attorney generals as well as some republican state attorneys general including nebraska and utah they say they expect a decision in that investigation within a matter of weeks and eventually they could consolidate their case with the department of justice.

guys >> thank you for that. let's discuss this further bring in luther low, yelps head of public policy were you just on that briefing lots of questions, a lot of them really centered around how this complaint actually demonstrates that google's market power hurts the consumer what is your understanding of that you've been very vocal on this issue. >> good morning. thank you for having me on when a mom does a search for a pediatrician in new york city today, and instead of being matched with the best information from across the web which is what the original bargain of google was, she is being unwittingly steered into an objectively lower quality set of results and this type of local searching happens literally billions of times a week in the united states so i think that the u.s. government's going to have a pretty straight forward case here in terms of showing direct impeerical evidence of consumer harm >> luther, who is in a better position to show the results when you do a search on yelp for a pediatrician, the consumer

gets advertisements at the top, do they not? >> it's not about necessarily ads versus, you know, nonads, its about whether we're actually getting organic results. the whole idea of google is let's use a merit based process to scan the entire web of potential candidates for good results. and serve the users at the top today when consumer does that type of search, they instead get this sort of degraded quality. i'm not saying that yelp has it. there is a whole ecosystem of service that's provide that type of information that is basically being side stepped so google can serve this stuff out of its back pocket again this type of searching is the most common thing we do on google and it's directly harming consumers because the quality of the search results are actually getting a lot lower. >> it seems to me if this is another antitrust action that comes down to consumer harm and if consumer is defined as the

person who is doing the searching, then you're not likely to win. i mean, isn't the consumer the advertiser who is actually paying google for services if that is the case, can you make all kinds of arguments around market power, pricing, things like that but if the consumer is the individual doing the searching, most people, for all -- despite all the reasons you mentioned, seem pretty happy with google. >> well, i think we've got to still process the complaint. i'm also skimming through atz well this morning. and i notice that the element of advertising harm is a component of this i wouldn't see why the government wouldn't argue both instances. and then the important thing to remember as was mentioned earlier is that the states attorneys general are actually bringing separate cases in the weeks and months ahead that attack different elements of google's business. so i would just say that this is a really difficult position for google to be in today. >> does yelp ever think to themselves if we grow big enough

we could end up in google's position ourselves >> well, that's certainly a high class problem. i think, you know, our market cap today is like one 700th of googles. i think what yelp is hoping for is the chance for a level playing field where we can compete on the merits. and that's not happening today if we don't have the best results, perhaps they should serve up that information. you know that, is the whole idea behind google is to let the best stuff bubble up to the top and have the sort of merit based system that is not happening today. and that's why consumers are being underserved and government going after them. >> we talked a lot about the consumer feels like in recent months and years even that this idea of competition or anti-competition is how it affects not just consumers but businesses too something that deputy ag jeff

rosen said on that media briefing if if the government doesn't enforce antitrust laws we could use the next wave of innovation. americans may not be able to see the next google. is that true in your opinion haven't we seen a number of smaller rivalos or consumers thrive like snowflake and shopify. it goes against the notion that google is hurting other businesses >> i 100% agree with what the doj is saying here in the sense that if you look at the historical eco is s here u.s. versus microsoft in, the case of microsoft and they had suck setsfully leveraged the dominance and operating systems to bulldoze into the browser market killing netscape. and but for u.s. versus microsoft, you know, six months later google is born in a -- was born in a garage can you imagine an alternate

universe and microsoft strangles them in the crib but instead, you know, government was sort of breathing down their necks it's what adjacent markets can enteren that created a runway for google to be born and web 2.0 to sort of rise. and i absolutely think that google is creating a drag on the market >> that's an interesting perspective. luther lowe, thank you. >> we're going to stick with google and tech. with us is brian noak of morgue an stanley jaust announced this morning as number one tech analyst in institution investors annual rankings brian, the stock is pretty much flat this morning. there is not so much in this complaint that is surprising but how much should investors be

factoring this in given that these proceedings tend to take years and years to be resolved >> thanks for having me. that's a really important point. i mean, sort of the three things that really stand out to me coming out of this is, number one, this is going to be a long process. and this is a process that will involve years not quarters likely and actually getting resolution number two is part of that multiquarter potentially year process of politicking and negotiation is not really unclear -- is not really clear what types of changes alphabet or google out to make to the products and how we think about the real impact of the changes i think .3, we already been through a version of this before with search and in europe specifically in 2018 where the european commission did force google to adjust the practices in the way in it which they managed the android ecosystem, essentially allowing nongoogle

search engines into android and into that ecosystem. what we saw based on that case study is the growth trajectory of the search revenue in europe, dwoent thi we don't think is imperially impacted consumers vote we think that google search is not a commodity. even when people had the option of choosing google search versus another product in europe, we think they largely chose google search so it was a lot of unknowns. its going to take time i would look to europe as one case study of how things can play out in this one instance. >> i think back 20 years when microsoft was under antitrust scrutiny it was alone under antitrust scrutiny the question was is microsoft going to suck all the oxygen out of the room in u.s. tech silicon valley included? but now you have the scrutiny for google at the same time, you have amazon under scrutiny other a third party treatment on its e- commerce story you have apple under scrutiny

for the app store. facebook for social. all of these guys compete in different areas. does that weaken the doj's case that google is exercising in abuse of a monopoly power? >> it does when we think about the verticals, shopping is an area where there is a lot of discussion around google's retail search products up with of the areas that we're most excited about on the facebook side is the way facebook is getting into social shopping and the same thing with pinterest and one area we talk about with what tiktok can many. onetize. the world is melding across all of the ecosystems and that's the big difference between now and the microsoft era in it that

there are multiple companies competing for very similar use cases and very similar buckets of advertising dollars and ultimately ways to drive commerce >> all right the story continues to unfold. brian, thank you >> thank you >> when we come back, we'll continue to discuss what to make of the iphone 12 reviewers are out with their reviews from the wall street, "the new york times. they'll join us now with the n'gonyer rdt. dot awhe.

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reviews are in on apple 12's rollout. joanna stern and dry an chen join us. good morning, good to see you. >> good to see you too >> the phone is great as long as you're standing dloesclose to ar and freeze what did you think about the phone and the network? >> yeah. i mean, it's what i've been saying about 5-g for the last two years. it can be extremely fast and the speeds that apple talked about in the presentation last week kind of true you just have to go to the 5-g the 5-g is not going to come to you. carl, i did something special for you. i decided to set up my desk and my testing location for you at metlife stadium.

stadiums is where there is this super fast 5-g. >> you've been a pioneer in helping people figure out how this network is going to affect their daily lives. brian, where are you what is that period like where people may have the phone as impressive as it is, what is the wait going to be like until the network catches up with it >> when they were saying it's a super fast network, it's a super fast with a big asterisk, right? in the vast majority of the country, you're not going to get that super fast connection this is interesting and incrementally faster than 4-g. sometimes it's slower. and because we're going to be mostly getting that flavor of 5-g throughout the ountry, we

got a year or two until that matures. if it was faster, maybe 10% faster. >> all right, joanna, it sounds like 5-g is not a great experience everywhere right now. but at the same time, we know that people tend to keep the phones for at least three to four years so is there any reason if you kind of need a phone now to get a phone that's not capable of 5-g given that, yes, it actually is real in some spots and we can pretty much bet it's going to become more real >> that's exactly right. and that's the beauty of the new phones they're great. they're great phones and 5-g is an invisible feature. you vlt new designs, cameras, they're iphones. right, they're great, better, best iphones if you do want 5-g one day or it makes its way to home or place or we get to leave the places and get 5-g, you'll have it on

your phone as than add added benefit. >> brian, you night be ready for 5-g. but china is a big part of this story, isn't it? they're closer to having that kind of access and some of the other upgrades like the duel sim card, do you think that positions the iphone 12 in that all important chinese market >> i think given that it has 5-g compatibility, it's definitely a great thing to have on the phone that will help it gain some presence in china. but, of course, it faces really stiff competition from some of chinese makersthere.

>> i haven't heard anything negative about the phones themselves they have a lot of different pricing options. and the down side of 5-g is not entirely here yet. but it's probably coming >> these are great phones. you know they're really solid fantastic upgrade, i think i really prefer the design of the edges, the way that they're flat compared to the previous models apple improved the durability which is a great thing we want the things to last three to five years at this point. and whenever the improved durability, that is something we should celebrate, right? so overall, i think it's a great phone. it's a little bit unfortunate that the carriers have made 5-g such a messy and confusing rollout. it undermines the quality of the phone. i mean the phone itself is still great. it undermines the messaging that we're putting out there with the phone. you know, the network could have gone better, i think, in terms

of the communication of it and the execution. i think carriers are so vital to the success of this phone, more so than we saw since the first 4-g iphone i think that is going to fuel this up super cycle. i think it's a hyped up cycle. you're going to see the carriers and you're seeing with the aggressive pricing so people considering do i need that phone, they may be tempted by the crazy deals. >> one last thing, joanna. are you at metlife right now >> yeah. this is my new office. i live here now. i'm just joking.

i don't. i'm in my office park. >> all right but at metlife, how far were you able to stray and still get a signal that reflects the promise of 5-g >> not too far but the thing that they've done at metlife and doing at most of these big stadiums or big metro areas is they put the antennas pretty far around the spaces so they put them in the different spots. so when i was in the stadium, you could see the antennas very close to the jumbotrons and across the top of the signage. and i don't expect many players to be testing 5-g from the field. but that's pretty far from there. i was getting very fast speeds down on the field. maybe this is what the nfl or giants or jets need is just some 5-g on the field. >> that will solve everything. i can't wait to watch the video, joanna it's great to see you, brian

thanks as always >> you too >> good to see you >> thanks for having us. >> if joanna was on 5-g for that interview, it did come across crystal clear. still ahead on this hour of "squawk alley," microsoft gets into space what that means and how elon musk is involved straight ahead do stay with us. hi, my name is sam davis and i'm going to tell you about exciting plans available to anyone with medicare. many plans provide broad coverage and still may save you money on monthly premiums and prescription drugs. with original medicare you're covered for hospital stays and doctor office visits, but you have to meet a deductible for each and then, you're still responsible for 20 percent of the cost. next, let's look at a medicare supplement plan. as you can see they cover the same things as original medicare, and they also cover your medicare deductibles and co-insurance, but they often have higher monthly premiums and no prescription drug coverage. now,

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welcome back, everybody. i'm sue herrera. here is your cnbc update more than 1500 people have been arrested in the last three months as part of a drug enforcement administration project focusing on violent crime. project safeguard is meant to be part of a longer term initiative aimed at catching violent street criminals. in los angeles, a fire in a ballot box is being investigated as arson election officials believe about 60 to 100 ballots were destroyed. in new york city, a in you study says nearly a quarter of all transit workers may have been infected with covid-19. that is far higher than a previous government estimate the study found 90% of all

workers feared getting the virus on the job and in spain, some doctors who are on strike stripping down to their underwear to call attention to the lack of protection they have on the job. madrid's partial lockdown will expire on saturday officials there say new infections have fallen but they still remain too high. didn't ever think i'd see that in a news update but you're up to date. carl, back to you. >> all right, sue. thank you so much. we're going to turn back to the doj's lawsuit of google this morning. antitrust expert tim wu is back with us. advisory board member to our cnbc tech council. tim, good to see you again >> nice to be here >> we got the briefing over the phone. we're getting a statement from a.g. barr pointing out this is separate from concerns about content moderation it's separate from concerns about section 230. but it sound like judging from your twitter feed you think the

most important thing so far this morning is the line from justice that in terms of remedies, nothing is off the table >> yeah. that's right that's what i said on the call i was on the same call i think that matters you know, when you're -- this is actually a fairly strong suit as they go. but the question is, well, you know, what does it accomplish? and if they go big, try to get some kind of breakout, that is a big deal >> how likely do you think that is >> i can't put a number on it. the challenge, i think, for this suit is even though they chose their best lawsuit, it's almost an exact copy of the microsoft case you know, the remedies, a natural remedy is just knock it off, don't make the browser -- sorry, don't make google the defult search engine that is not going to transform the industry but so i think the odds are actually lower on this of there being a real breakup down the road but, you know, as i said, they

said remedies -- nothing is off the table is what they said. >> tim, i also found that to be one of the most compelling lines we heard out of that call. but i just wonder, what's different this time? we can't forget that back during the obama administration, there was another investigation that didn't result in any structural changes at google. essentially, concluded there was mixed motives within the company. there is, yes, the desire to hobble rivals. but also a desire to advance products that are free >> that's a good point i think what changed, i think the kind of public consciousness has changed. there's a lot more support, i think, for a lawsuit against big tech i also think a big change since eight years ago is the sense that these companies aren't going anywhere you know, i think there was a question -- well, you know, there is still relatively young. are they going to stick around or are we going to be talking about someone else in in eight

years? we're still talking about google and facebook eight years later i think that's a big difference. >> that sentiment, though, has existed in europe and european regulators have been at the forefront of these sort of changes and charges against the big tech giants. are there any lessons that we can learn from the other side of the atlantic particularly how difficult it is to actually enforce some of the regulations once we may have them? >> yeah. i mean, putting my own view on this, i think the europeans have not done a great job in coming up with remedies that really help anybody you know, they don't want to -- you don't want to break the product. i think, frankly, i was at the federal trade commission during our -- the last investigation. and one of the big concerns we had was we don't want to make the product worse. the justice department's suit is trying to open up some of the channels where someone could compete with google and search that's the big idea. it's actually very good for companies like bing or duck duck

go or -- bing is not a company, i know microsoft. and maybe some other search engine out there that can try to get a start now. but those are sort of the beneficiaries. so in that way it's different. it's trying to promote competition as opposed to restructure the product. >> tim, i got to say though, the microsoft case was a lot easier to understand. it's like you killed netscape by tying a browser to windows i get that google, it's like they're throwing out advertiser stuff and then some user stuff and they're like, it could be any of these things look at all this soup of abuses. pick the best argument i don't know if that works especially in this environment where we know it's not just google they're going after multiple giants that are all competing with each other for multiple, you know, accused violations doesn't that in a way weaken the case >> i mean, every case is taking on merits. i think the core of the justice case is relatively strong not that hard to understand. it's basically that they sealed

all the, you know, they put concrete over any possible what toy challenge them that's they're lawsuit which is exactly what microsoft did microsoft had a clearer victim, netscape, i guess the victim is bing it is not the most sympathetic victim they have my pictures and everything it's hard to think of microsoft as a poor little scrappy company. maybe duck duck go is a better victim but, you know, that -- it's -- microsoft had -- the case i don't think is that complicated. maybe it's getting confused by the advertising stuff. core of the case is just they insulated themselves from any competition. >> is this case going to point to whether or not we need new law or, you know, clarifications to antitrust law for this digital and data driven era? this case is based on what is on the books already and i take it that judges are going to tend to

look at existing precedent as they decide it >> you know, you have a point. i think this is what you get when you rely on the safest old fashioned theories, the ones that worked in microsoft like i said, basically clone of the microsoft case microsoft works so they're doing the same it shows that, you know, the antitrust law other than microsoft doesn't have a lot of bullets in the gun that's the kind of concerns the public have to do with data and privacy and things like if you think about facebook some of the newer age control, it's not clear if the antitrust law is quite up to it for those. >> tim, really quick, you and us have talked about antitrust for a long time. and now this day is finally here does it feel like a landmark to

you? i'm a historian too. and trat decision he tradition the big none openlies is what the justice department has done since 1904 or so when they went after j.p. morgan. it is this tradition of the big case and, yeah, i think -- you know, the big case is back wa and with that, shares of alphabet have gone in the red. something we'll talk about for a long time, no doubt. thanks >> sure. >> when we come back, speaking of microsoft, had another story of its own today ambitions for space. we'll explain what's going on in a minute

uber's ceo speaking at the tech conference. global rides volume is down 50% year over year asia is leading the recovery he also said he expects uber prices to rise 20% to 40% in large cities and they could double in small cities in california if prop 22 fails. that is, of course, relating to the driver reclassification economy law. shares are at session highs right now. uber up about 6.3%

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welcome back, microsoft announcing azure space this morning. partnering with the likes of spa spacex to bring connectivity to cloud services tom keen, microsoft's corporate vice president in charge of azure global joins us now. three months ago i had on your rival from aws teresa karlsson was announcing

their version of this. a ws aerospace and satellite solutions. why all this activity this year and how is your effort different? >> john, first of all, thank you very much for having me this morning. and today we're very excited to be talking about azure space which is a unique set of offerings, partnerships and some incredible people that are focused on innovation. >> how is it different from what aws is doing >> we think the approach that we're taking is fundamentally different from the software we're getting from space developers through to partnerships and the partnership we announced with spacex is a great example of that. that allows an azure customer to connect from anywhere on the planet through anyone of 700 plus low earth orbit satellites. >> how much does space and that industry require either different architectures, different work, different go to market it seems like in terms of markets, it it's no the that big. i mean, you got the government

you have a few private companies that are involved in this. why a whole separate division and effort focused on space? >> john, actually, the space industry is growing incredibly this year it's going to top over $400 billion that is up 70% in the last ten years. and onest things with he do at microsoft is we listen closely to our customers and our customers requesting the ability to connect from anywhere on the planet into our cloud infrastructure all the way from the edge to the cloud. >> i guess maybe beyond the planet then. how much will connectivity going beyond the planet up into space factor into how this product is architected and how you grow it? >> well, we're thinking about constantly growing our cloud infrastructure here on the planet and off the planet. and what we're announcing to day allows us to partner with some of the best people in the planet that includes spacex and today we also announced a partnership with ses so whatever space providers are

working with, we're partnered with them to create an ecosystem around space >> is this a gateway to other industries meaning, you know, oftentimes as we saw with jedi, with military work, it leads to an argument that if we can do this, we can also do that does that work with space as well >> space is a technology democrat tiesed. it used to be domain of governments and ark tech tours now it's available for many industries agriculture is a great example where space connectivity allow a farmer in a field to maction decisions on how to yield a crop or harvest space is about democratizing commercial industries and helping governments. >> during this time in a pandemic where so many companies had to work differently, how has that affected the launch of this effort of yours? >> well, first of all, we're constantly hiring great people at microsoft and, in fact, with our space announcement today, we announced people that we've hired from

academia and industry and government and, of course, we also build great technology that help people collaborate what we've shown over the last six plus months is we help customers all over the earth and use the same technologies to collaborate at microsoft >> as you seek to grow this, what are the key types of engagements? conferences are still happening to some degree but they're distanced. they're virtual. how are you communicating with the customers beyond spacex who you're hoping to attract >> well, we partner with customers all over the globe and we have terrific technology that allows us to virtually attend conference. in fact yesterday i was in a conference in australia virtually. so the technology makes it possible and we're hyper focused on all of these different customers and governments all over the world >> all right thank you, tom keen at mike corporate vice president in charge of azure global

>> thank you meantime, shares of gm are on the move today. best levels since the summer time ahead of tonight's electorate hummer debut. the company announced plans to invest $2.2 billion in the coming years to increase ev production since march ofa ayeof' 19, theyd votorde t $3.5 billion in th pit was electric vehicles. more "squawk alley" in just a minute

back to the stop story of the day, the d.o.j. lawsuit. gabriel, thanks for being with us us. i wonder what has the scale and the tech staff -- you guys can't do that, can you >> duck, duck go and microsoft have the scale to deliver real

quality search results the main issue is consumers have made it very difficult to adopt duck duck go on android it's 15 to 20 steps to make duck duck go the search default there. we have clawed our way to get to that percentage but these could be 20% if the search degaults were not a thing >> what is duck duck go's relationship with bing there was recently a european auction with users selected bing over duck duck go. do we get a duopoly? >> we'd like to see giving consumers an option for choice so when you install a new device

or browser, we'd love to see a search preference menu where consumers get a choice of different options and they would like to choose a private option like duck duck go, they're able to do so in one click. europe has gone down that road we're happy with the idea but not the way it's implemented goggle designed the implementation in europe and the auction system forecloses companies like us. we want to so a future where consumers are in control and can really choose their provider >> so that's exactly what google is saying in their block defense today. they're saying this isn't the dial up 90s when changes services was slow and difficult, required you to buy software with a cd rom. they argue today you can easily download your choice of apps, change your default settings in a matter of seconds. how is that wrong? >> it's just plain false we put out a post last week that

it's literally 15 to 20 steps to history to set the defaults. it's impossible. you can't actually delete a bunch of the defautltdefaults the complaint shows eight different search entry points that google has logged down. only one of them is a google app and 17% of searches. even if you go and install an app, it's not controlling that home screen, search widget and all the other entry points so it's just false >> gabriel, when we're talking about the issue that you have with google, it sounds like a breakup doesn't fix that at all because most of google's businesses and advertising and most of google's advertising business is in search. so if you make it its own thing, if no other rules change, they can still dominate the same way. is the fix, you think, to just as you said because they're so powerful not allow them to pay

for superior placement in various platforms, including the iphone and instead make it more of an open choice for the end user >> you know, a lot of these cases and debates go on for a decade or more so we're looking for something that's simple and effective right now and we do think that is this notion of a preference menu where consumers can easily choose a private option should they want to to your point, it's not just about them paying for defaults google controls, you know, they have a monopoly in the browser market and operating system market those are the main search entry points so they've been using their monopolies in one area to make their search market share naturally high we believe if there was a preference menu that's easily available, their market share would drop by 20, 25% overnight and then go more competitive from there as consumers started living in a world where they can

easily choose an alternative >> how optimistic or not optimistic that we'll see real change we talked earlier to tim wu about the difficulty of enforcement in europe in a case several years ago that didn't result in any action. >> i'm envery encouraged. i'm glad that the d.o.j. has taken the first step of holding google accountable the thing that makes me very encouraged is that the case is very about the direct anti-competitive behavior in the search market versus a number of other things it could be focused on i think the remedy is also relatively clear, as i've laid out. europe is a cautionary tale but that has more to do with the way their laws work there. they allow google to make the remedy first and then they have to sue there and that second has

not happened yet >> what would you asay to the argument by the time this gets decided, it will be pretty much irrelevant we've already seen that voice search, whether it is alexa or siri or google assistant, how much is your attention in the industry going to be on things other than browser-based search for or five years from now >> i feel like this is different. google has been in a dominant position for almost 20 years and the company is now our trillion dollar company, not a balanced company and search is more like a utility than new market. and search is not going anywhere probably for decades so it makes sense to build in more competitive structure now. even if it took several yearsock it -- years it's going to go away

but i think there is something you can do now >> gabriel, thank you for being with us. hopefully you'll come back once we see this lawsuit in motion. back to you. >> thanks. two big movers in tech and media after the bell this afternoon. snap and netflix set to report julia is taking a look >> reporter: how much will s subscriber growth slow after record growth? analysts expect it to add 3.3 million and expect netflix to give guidance for fourth quarter growth of 6.6 million subscriber additions. and price hikes after netflix australia and canada and free trials stopped in the u.s. and competition on the heels of disney reorganizing to focus on streaming and hbo max and peacock's expansion in the quarter.

while netflix shares are flat and 60% of analysts have a buyer overweight rating, the other company reporting this afternoon, snap, has seen its shares gain 12% over the quarter and two-thirds of analysts have a buy or overweight rating over that stock analysts are watching the top line, whether it can continue to deliver stronger than expected revenue per user is in focus they predict 4 to 6 million new snap users as with netflix, snap's guidance will be in focus as analysts look for insight into how much the company's fourth quarter revenue will benefit from direct response given the key holiday season >> important stories for tonight. we did get a number of price target increases on a lot of names reporting this week.

yesterday morgan stanley went from 121 to 130 on texas instruli instrumen instruments. and then as far as stimulus watch goes, political does say that mnuchin and pelosi will speak at 3 p.m. eastern time as the market remains focused for a covid aid package. it's time for the judge. >> thanks so much. welcome to the "half tih"halfti report." coming up, joining me for the hour today, stephanie, josh, jay, and jason let's begin with stocks coming off their worst day in several weeks. the dow is good for 177, the s&p higher by 23.5, nasdaq about one half of 1%