coronavirus. they've been elevating, you know, correct news from reputable sources around the election if you go to instagram right now, they here is the election news you need to know. here's what's happening right now. but i think what has shifted is for many years zuckerberg said that they believe that people needed to know what the president was saying think needed to know if he was saying things incendiary now they're saying we don't want to be people to be insighted to violence i want to read a comment over the last several years we allowed president trump to use our platform consistent with our rules. at times removing content or labelling a post when they violate the policies we do this because the public has a right to the broadest possible access to political speech, even controversial speech but the current context is now fundamentally different using our platform to insight

insurrection against a democratic will democratically elected government that is taking it was free speech and now certainly insightsviolence >> squa"squawk alley" right now they will will block the president on instagram and facebook indefinitely and for sure the next two weeks. the current context is now fundamentally different. the question is to degree does this extend even further is it -- will it become a permanent block. does twitter match it? i think people may have argued that twitter is the first to do this before today. >> i think whether you're talking about the political

spectrum, the business spectrum, or social media and technology, a lot of leaders are trying to figure out exactly how to characterize and how to understand what we saw happen yesterday and what it means going forward. i'm struck by that line that julia just read. i'll read it again mark zuckerberg on facebook put it this way. he said donald trump has been banned indefinitely from the tech platform for "use of our platform to insight violent insurrection against a democratically elected government." "donald trump is banned from facebook indefinitely for "use of our platform to insight violent insurrection against a democratically elected government." and so we have some lawmakers yesterday in support of elements of what donald trump is trying to do.

i think we had statements from business up to this point. but no clear response yet to what many are beginning to categorize accurately as an attack on the constitution and on american democracy. >> john, we were really looking for the red line we talked about it so much on the show what would we get to the point where facebook would say that's it, we're going to take them off the platform for a certain amount of time this is the longest that they ever have done so many would argue though that this is coming far too late. this should have happened sooner some posts circulated widely before they were labelled and then taken off and now we have this you have to wonder where youtube is in all of this.

i harped on this point before we have clear decisive statements from zuckerberg and dorsey as we continue to look. we really just haven't heard a lot from google and youtube. of course, they have been such an important player throughout, you know, the weaponization of social media, carl >> yeah. julia, to put a coat on it for now, i assume all eyes will be on jack dorsey and see what he does next. >> that's right. trump did delete the three tweets that were in question twitter had blocked. because he deleted the tweets, there is a 12-hour waiting period he should be allowed to tweet again this afternoon president trump has 88 million followers on twitter that has been his bullhorn throughout his presidency. so it will be really interesting to see what additional steps twitter takes right now. but just really notable, carl, that these platforms are going to be under a lot of scrutiny for the role they might have

played in enabling the organization of yesterday's event and insighting unrest and discord in general, john >> thank you we're going to continue talking about this now with carly fiorina, the former republican presidential candidate, former h.p. ceo good morning major indices are in the green american democracy is not. we have a sitting u.s. president attempting to subvert the constitution and retain power. he used lies and intimidation to try to bully state officials into undermining the will of the people when that didn't work, he incited a mob that yesterday tacked the u.s. capitol. what is the role of business and distance leaders in responding to this at this point? >> well, first, i applaud those business leaders from the new york area who came together and urged a peaceful transition of

power. that is business using the voice in an appropriate fashion. as i put out on twitter this morning, we did see this coming. when president trump tweeted liberate michigan and then applauded as many of his enablers armed people crashing into the capitol building in lansing, michigan, what was that if not an assault on democracy what is it when a sitting president of the united states tells the crowd to stand back and stand by or when he describes that in front of a massive television audience as patriots who don't like child pornography. this president has been inciting his followers for years. and what happened yesterday was inevitable conclusion of that. we hope it is a conclusion and so now it is incumbent upon

everyone, business people, republicans, cabinet officials, elected officials, to stand up and refute y refutiate what is acceptable what happened on the social media platforms for the last several years is why a congressioncongres congressional inquiry and debate about what the rules are and should be happened and then platforms are held accountable keeping the rules. it can't just be up to jack dorsey and mark zuckerberg to decide what is okay and what's not one day. >> i think there are a couple things in what you just said one, you're talking about business policy technology, policy, people speaking up but then you also point out that road that led us here and what we've seen donald trump do over the last months and years this

morning we had nick mulvaney on "squawk box" trying to make the ka case that donald trump has changed over the past eight months and there was this private donald trump that he saw and was different. frankly that sounds to me like the victim of abuse talking about you don't know him like i know him you don't see him at home we have seen donald trump do various things and use incendiary rhetoric. i think of charlottesville, for years now. and i think business and media normalized this. how do politicians, how do businesses shift away from that given that a very large percentage of the country voted for donald trump, a large percentage of the country believes what he has said about election fraud which is completely baseless? businesses still have to run they have customers, right >> yes so first of all, i agree with

everything you said. what is necessary is to begin to demand accountability and hold people to account. i know it is difficult this is why i stood up and said impeachment was vital way back in january of 2020 because it is a way of establishing accountability. let me go all the way back to the business world for a moment. remember enron why did an enron happen? why did every business fraud happen because little by little accountability is ignored. little by little things that we know shouldn't be happening are allowed to happen. until at some point it all blows up in our face in business, ken lay, jeff skilling, others were held to account because that's the only way you can restore faith in systems and integrity and

rebuild. and so now we must restore faith in the integrity of our system we cannot do that without holding people to account. not just the president, of course, not just those who storm the capitol building and need to be arrested. of course. but those as well who have been enabling this behavior by refusing to say anything when something needed to besaid the same is true honestly of the technology platforms i'm sorry, i don't trust any individual, mark zuckerberg, jack dorsey, i don't trust them

to make the right decisions all the time and so we need rules of the road that are debated, that are transparent, that are agreed upon, that we all understand and then we need to hold platforms accountable for following those rules. >> right we spent so much time talking about the rules up the road or the lack of them from the social media platforms. is it realistic to have expected them to get these rules in place when, you know, retrospect is 20/20. but to censor the president of the united states, you know four years ago seems like a very, very big deal. what happens going forward do we get rules of the road that make sense and don't overreach in terms of censorship >> you and i talked about this before it's such a great question congress has held hearings multiple times these chief executives of these companies have been brought up to capitol hill and in most cases honestly their posture is

one of defensiveness we've got this we've got this if we made a mistake, we're sorry. we got it. stay out of our lane what we've seen happen over the last 12 months is a growing bipartisan believe that we can't stay out their lane. that there does need to be some level of regulation. and so what i called upon on other cases is the industry now needs to step up and be part of the solution don't simply say leave us alone. that's not going to work anymore. so come to the table in congress with members of both parties and lay out some rules that you are prepared to live with. and be held accountable for. because this is politics business now this is the people's business now. it is not simply a business decision made by a ceo anymore

>> to exact point, carly, shopify have taken the trump organization's e-commerce site off line they closed the web sites socialed wi associated with the president. how broad do you see this becoming, at least as it pertains to the president's involvement in tech? >> you know, here's the good news about all this. i mean, it was a terrible day yesterday. but the good news about this is our institutions held? are democracies held the good news is that people have been shocked into action and outraged so now i think we need -- we have taunt to rethink a lot of things we have an opportunity to rethink how did we get started down this slipper why i slope? we have an opportunity to remind

ourselves of how important the principles of accountability is. we have an opportunity to remember that when people do something wrong, even if it's the president of the united states, there must be consequences maybe this was exactly, sadly, the shock to the system whether it's the political system, whether it's the technology system, whether it's the business community which also for a period of time enabled indefensib indefensible behavior. maybe this shock to the system will cause us to come back together and say we all have a role to play in strengthening this democracy we all have a role to play in strengthening our economy. and that starts with some fundamental principles of transparency and accountability and adherence to practices we all agree on >> yeah. yep, carly, democracy, like

capitalism, is full of opportunity if you take it thank you for joining us this morning. carly fiorina. >> thank you for having me >> and more on facebook and now shopify's decision to block the president from the platforms and keeping an eye on twitter an jack dorsey to see if they follow suit. that's all coming up so do stay with us. #1 for psoriasis symptom relief* and #1 for eczema symptom relief* gold bond champion your skin

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the action on wednesday. joining us now, former wells fargo ceo joins us to talk about where american business goes from here. dick, always good to see you thank you for the time >> great >> remarkable set of statements from ceos and companies, apple, chevron, b of a, ibm yesterday how many have you been able to look at and whether or not you think they've been forceful enough >> i think they have i think everyone is -- finds this appalling it's a disgrace. it's unacceptable and unamerican i think everyone at least i talk to and have seen i think agree with that. >> do you see changes to investment plans or business decisions that would somehow try to ice out those would are supporting the things they are

railing against? >> well, you know, i just think that the entire country has to come together. i think business community is more than willing to try to get a more bipartisan relationship between the political parties. you know, if there is anything that actually happened, if you step back this is a dead heat. the country is 50/50 they won bipartisanship. i believe this was not so much a biden win but rather people decided that they didn't want to have a trump in office they were turned off by his behavior a thought of it was immoral and now we can bring this together i think the leadership of both

parties need to get together and say let's work this out. let's be bipartisan. move ahead economically. fix the issues related to covid-19 there are vaccinations that are available that are not used at the moment so there is a lot of things we can do together that would be beneficial to america. and that should be our goal. >> you're reminding me of what former speaker boehner just tweeted, the party of lincoln and reagan is taking a nap the nap has become a nightmare for our nation the gop must awaken. the invasion of our capitol was a zbra a disgrace once trump is skiesremoved frome party, you they we can move on >> that's what i believe i think he is the cause of this

and the solution is the party has to take back the -- they're goal and what it really means. and i don't think trump represented those goals. >> we also want to bring in kenneth jacobs, lazar chairman and ceo. we've been talking about the business community's response to yesterday's events i wonder about the ones that we haven't heard from, some big names in technology like jeff bezos and youtube's ceo. do they need to respond? >> we're a country of laws and institutions these laws and institutions they underpin civil society and they are the pillar our economy. and the events of last night and the events leading up to last night really is a fundamental

attack on the rule of law and civil society. i think in ordinary times business is the business of business these are not ordinary times i think in this period of turmoil, it's really incumbent upon all of us in positions of responsibility to speak out. so that's my view. i think it carries over to a number of others as well zb . >> i think this is complicated by the fact -- i no he that dick said this wasn't such a bidenen with as a trump loss but he got more votes, more republican votes this time around than he did the first time a significant part of the population believes the unsupported allegations about irregularities in the vote and so statements from business certainly have value but my real question is, i don't think this ends on january 2nd what is business going to do with the politicians who have

supported what donald trump has tried to do up to this point and will continue to try to get support from that base and what is business going to do about civil society in america going forward? >> look, it starts -- i always thought that civil society starts with a basic premise. all of us have to agree to a series of facts and if we agree to a series of facts, then reasonable and well informed and well intentioned people can come up with solutions. our challenge right now is we can't agree to facts we can't agree to solutions. we have to find a point of common dialogue. when we do that, then there is hope i'm hoping that the shift in the administrations, perhaps, these events which have shocked all of us will be the beginning of a shift in tone and time but we'll have to see. i think that's going to be critical going forward >> well, i -- >> finally, inevitablism --

dick, finally, you know, inevitably the companies are going to be us acooed accused o or censoring something what is the ready answer to that >> i think that is the risk. we have to speak out and say what we really think about this. i think sometimes business people are too cautious. they don't want to rock the boat they have customers that are boek republica both republicans and democrats i think you have to tell the truth and state what really going on and you mao have othey have otht disagree with you. you can have disagreements but we have to have a discussion about what is right for america. we can't beat around the bush. we have to say what is really going on and try to fix some

things i think the business community has to do that i think they're reluctant to get into the issues and these are very important issues -- very important to the businesses. very important to the economics. so it's time to speak out and take some risk and say what's really what we really need to do to fix these problems. because they're not going to go away and i think because of these problems we may have an opportunity to really come together you know, sometimes it takes issues and problems to then say we did this. >> that's well said, dick. certainly the country has experience with that in the past 50 years we appreciate it very much, gentlemen. thank you. >> thank you >> thank you and meanwhile, we're getting breaking news out of washington.

we have that >> yeah, jon i'm told to expect a number of federal criminal charges today against those involved in many yesterday's lawlessness at the united states capitol. details on how many charges, who will be charged and all of the rest of it are still tbd i'm told to expect the federal criminal charges as soon as today, jon a period of accountability now begins for those who were involved in this riot bee hahavr on kpichcapitol hill we're getting a statement from bill barr who left office recently he put out this statement to nbc's pete williams. he says, "orchestrating a mob to pressure congress is inexcusable. the president's conduct yesterday was a betrayal of his office and supporters. almost simultaneously we're also getting our first statement now from the u.s. capitol police that's the police force that protects the capitol building.

thousands of members strong. they are charged with protecting the building and all kinds of national security incidents. they have plans and procedures in place for this. those failed yesterday the statement from the u.s. capitol police praises the police on the scene for their heroics. offers a number of details but also says this the u.s. capitol police is conducting a thorough review of this incident. the security planning and policies and procedures. so presumably folks at the u.s. capitol police department will get to the bo the tttom of wheri plan to protect the building failed yesterday why the officers were overrun. protecting the perimeter and the doors of the capitol itself were undermanned compared to the strength of the pro trump force that's were storming the building yesterday all of that to be investigated now and capitol police trying to figure out exactly what happened yesterday and what they need to do going forward there is urgency around that now because, of course, we have an inauguration coming up on

january 20th here in washington, d.c. that's going to be a national security event as well you can imagine that some of the same forces that acted yesterday will try to disrupt that as well so officials are going to need to understand what went wrong and be ready for inauguration here in washington >> yeah, lots of outstanding question thank you for bringing us all of the developments we head to break take a look at shares of chinese tech giant they're under pressure today there is a report that alibaba could be added to a u.s. blacklist by the white house this comes as the state and defense department crackdown on u.s. listed shares of mpies coan that have ties to the chinese military we'll keep an eye on any developments there do stay with us.

welcome back, everybody. i'm sue herrera. here is your cnbc update at this hour today at the white house, president trump is scheduled to award the presidential medal of freedom to golfers sorenstam and gary player but so far today we have not heard anything directly from the president about yesterday's capitol riots. acting homeland security director chad wolf said he is imploring the president and all elected officials to condemn yesterday's violence and based on today's gain for tesla's stock, elon musk is

estimated to be the richest person in the world topping jeff bezos is the value of his options are included you are up to date i'll see you in an hour. back to you. >> sue, thank you. i still remember elon musk said he will pass him mark zuckerberg announcing in a post that president trump is now blocked from both facebook and instagram indefinitely our next guest says the social media platforms are accessories to felonies we watched on tv last night he is the co-founder of elevation partners and early facebook and google investor he jouins us now we had a similar discussion with carly fiorina. retrospect is 20/20. what were the platforms supposed to do? how did we get to this point >> i do not believe in censorship at all. i think that is completely

inappropriate for any technology company to be put in that position the what we're really talking about here is the business model. and these companies have been so successful because they are able to command attention from the people that use their platforms. and they do that by amplifying content that is highly engaging. it turns out in human nature that hate speech and disinformation and conspiracy theories are particularly engaging they force us to look as part of our sur vvival instirvegt that -- insti in. ct that say business model choice in my mind, taking trump off the platform is a desperation act. i think at this point probably very important i think, you know, i commend facebook for doing that. but i would point out that i don't think it solves the problem. essentially, they've allowed this kind of behavior to build

for so long that it's tripped over into the real world we saw it in the state house in michigan last april and then in minneapolis and in louisville portland and kenosha and now at the u.s. capitol this whole thing has become such a huge problem that we really need to rethink the role of internet platforms in our society as your previous guests were talking about >> right and, you know, some critics can argue it was coming at an opportunity moment, right after the big election ad campaign and loss of his office in terms of that business model though, roger, how do we -- do we ever see that evolution do you expect to see a revival or more of a boycott from social advertisers in the coming days and weeks after yesterday's event? >> i think that's a really important question i don't know the answer. what i do think is inevitable at this point is that -- this is the really central thing for

investors. regulation is definitely coming. i think you're going to see it in three areas safety which really is about having accountability for products that people have to make sure that they make an effort to prevent harm this is section 230 and all that is a part of that problem. then you see regulation and privacy. we see california and we also see apple implementing really important privacy things and then lastly, antitrust we're very far along and yesterday lost in all of the news, facebook announced it would require whatsapp merger. this is a challenge to antitrust regulators it basically pointing a middle finger at antitrust regulators saying, you know, we don't think can you regulate us. i think that antitrust regulators have an opportunity for felony cases because there is a price fixing case in digital advertising that starts out against google it was brought by the state of texas and ten other states

but it involves facebook as well i think that once you start getting into the criminal realm and you can do the same thing in securities law because of the uber case, uber has been pointing out that there's massive fraud. that gives rise to revenue recognition violations if they go on for many years can give rise to felony cases. and so i think from an investor's point of view, we need to pivot and recognize the world is changing. >> roger, seems to me that yesterday, perhaps not so much about social media as it was about donald trump i mean -- >> i agree >> that led to some of the attitudes that were beneath the surface. but donald trump told those people to show up in d.c. on january 6th. told them to march to the capitol building and so removing donald trump's social media account is not going to address the underlying factors that created this. and, you know, i think are likely to continue to exist

beyond january 20th. what are -- >> jon, i agree. >> what policyshifts, rule changes, structural change that's the social media companies can take to be more healthy for democracy? >> so, jon that, is exactly the right point. because yesterday's event was organized on facebook and other internet plat fornlz were used to rai-- platforms were used to raise awareness of it. the people that study the platforms have been warning us i mean the notion that the capitol police were not prepared for what happened yesterday, that is -- that borders on criminal jon, i think this is a really huge problem having a business model that profits from this exact kind of creation of fantasy worlds where people live an alternative realities, that is the conversation we have to have and that's the one that all of us on this show have been having now for 3 1/2 years as to where

should the lines be? it seems to me that is getting clearer and clearer. i believe congress is going to get involved here. but the states are already involved in antitrust are already involved in privacy. i would love to see mark zuckerberg and the leaders of google and twitter engage very transparently and trying to be part of the solution here. i think banning trump for a duration of the term is a start. it's a really small move in comparison to the scope of the problem. there is nothing magic about january 20th the people that stormed the capit capitol yesterday, there are many more people like that in those cities and those things will continue to happen until there are consequences for that kind of behavior >> speaking of which, roger, democratic leader schumer now saying that president needs to be removed from office immediately if not through the 25th amendment then reconvening of congress and impeachment.

the same time "the washington post" is reporting that mnuchin is expected to stay in his position throughout the enend of the term i guess the next two weeks will be ripe with risk of personnel how much are you watching that >> carl, i don't know what to say about this as with the question with jon, i think we're in unchartered territory. i was started my career as a congressional aide i worked in the rayburn house building and capitol the notion that those were occupied by americans is something so shocking and frightening to me. i look at this and i go, you know, what has happened to our country? and, you know this is entirely the fault of internet platforms. but this he have been enablers of all of it they've been enablers of covid-19 denial. and i look at this and something has to -- we have to freeze the trump administration so no harm

can be done. then we have to get to the hard work of figuring out what do we want our country to look like? what do we want democracy to mean what do we want capitalism to mean we need technology to grow the economy. and i bl environment that it's time to really stimulate entrepreneurship and to limit the markets that the big guys can operate in so that we can see innovation with different business models and a more constructive opportunity and historically, antitrust has been a great thing for investors. and so i would hope that investors would join with me in putting pressure on washington to impose regulations on the current guys and for the next generation to come along >> last question for you at the start of the show i mentioned youtube. it seems like we don't hear as much pressure and scrutiny as we do certainly on zuckerberg and dorsey i wonder, do you think that's fair does it play a more muted or perhaps less inflammatory role in terms of disinformation or organizations?

>> no. i think that the difference is that youtube does not engage in the controversies. they're just as big a contributor. maybe not quite as big as facebook because you can't organ insurrection o on youtube. but in terms of spreading information and hate, youtube is horrible they have been completely irresponsible relative to the election cycle and relative to the spread of disinformation in our society. and they deserve not only great scrutiny but they really need to be forced to come into line. find it astonishing they've been able to dodge responsibility this long. but at the same time, you know, facebook really has made itself a poster child twitter made itself a poster child. it is hard to take your eyes off those two. >> right they often give statements i know how difficult it is to get that from google and youtube. >> happy new year, everyone. let's hope that 2021 takes a

turn for the better. >> indeed. >> carl? >> markets have come off of their intraday high just a touch. when we come back, we'll talk outhmpy's decision to block the president until the end of his term. more "squawk alley" in a moment. don't go away. i feel like they might have a better finance system than we do. workday. how do they make better decisions faster? workday. got to do something. workday! i think i got something. work... hey, rob, you're on mute. hello. [all] hey... there he is. workday, the finance, hr, and planning system for a changing world. ♪ch-ch-changes

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announcing a $1.5 billion investment there is more "squawk alley" in just a moment. we're back in two.

welcome back to "squawk alley. back in 2019, our next guest wrote an op-ed saying facebook is allowing politicians to lie openly time to regulate he is a former facebook policy adviser. a post he held until 2017. he joins us now.

politicians lying is hardly a new phenomenon what exactly did you mean back in 2019 and how do you think it applies to where we find ourselves today? >> well, i think we're in such a difficult circumstance today where donald trump has -- president trump has been spreading hate, has been spreading violent insighting material, misinformation for years now including this week. and what happened is that his content has spread over major social media networks. including facebook and what we know as well is that there has been a lot of this circulating on facebook. there are a number of groups that have formed up on facebook and his content and all the hateful content that it has been stirred up has had a lot of media impact in the american social media market.

what does that all mean? it means that facebook is complicit because i think what has happened here is that facebook, mark zuckerberg suggested strongly that he's in favor of free speech but why did he make that speech? why did he put his company on that position in late 2019 really i think it was about the commercial interests of the company. >> so we now have the benefit of seeing what happened over the past few days and pre-2020 let's get into the time machine and construct better policy for facebook and the other social media companies based on that. i mean donald trump was still the president during that time what can you realistically, what should you realistically have done about it if it you're mark zuckerberg and facebook? >> i mean, in 2019, we had already seen -- we were three years removed from the 2016 election and we saw how other companies

take steps to limit micro targeting of political advertising, to assure -- reassure the public that they would protect the public, the voting population against misinformation, disinformation, even if president donald trump spreads political lies on my platform, through my platform's universe, i'm not going to do anything about it. even if it intentionally is meant to misinform the voting population in the united states. what should he have done at that stage? he should have explicitly said we are going to do something about it of course he has done something about it now but it's all too late now biden has been elected he knows if he doesn't do

exactly what he's done this morning, which is to suspend president donald trump's account indefinitely for at least two weeks and indefinitely, he knows that that's not going to necessarily be enough, yet he has to do it because democrats are coming into power in all parts of government. so this should have happened a long time ago and what has happened instead is that facebook's policy decisions two years back have incited all this hate and violence and conspiracy, have facilitated its spread and we now have to deal with that. >> i wonder if you believe there's by any back channel discussions between companies,

twitter, spotify it was said there may have been some sort of thelma and louise where they grab hands and say we're going to try to do this together but so far it hasn't been everybody >> i imagine the laeieading soc media companies would have now the about coordinated action they can take but tend of tat t the day, they're all competing they're also competing in terms of their public perception we've seen various executives, jack dorsey versus chief executives of facebook and google try to distance themselves at times from each other. perfect example, this is tim cook distancing himself from facebook's privacy invasive policies or jack dorsey distancing himself from facebook's ineptitude on

microtargeting so, you know, i think there's somecollaboration but there's always this tension of competition in terms of both commerce and perception. at the end of the day facebook made the decisions that it did mark zuckerberg made the decisions he did in 2019 in the commercial interests of his company to -- here wasn't sure if donald trump might try to break his company up he wasn't sure if doing something might incite a slippery slope to content mod r moderation and regulation from the u.s. government. he wasn't sure if taking donald trump offline at that time, even temporarily so, might tick off the huge following of president donald trump, all of whom uses facebook so it was a very clever trick to present a commercial decision as one in favor of american civil

liberties and free speech. >> that's such a good point. i wonder if the action today blocking president donald trump's account for the next two weeks, if businesses will see that this is, you know, atonement for not having proper policies are a proper road map in place the last few years. do you think it's possible that businesses and particularly social advertisers demand more change and we could see another boycott? >> i think it's very possible that we'll see another boycott we of course saw a boycott over the summer, and, you know, common sense media and many other civil advocacy organizations were pushing facebook -- have been pushing facebook for year to do something and eventually found a way to work with major advertisers to get them to boycott facebook instead of

having facebook make unilateral changes in the public interest at the same time, we might see facebook begin to be a little bit more aggressive, a little bit more active against hateful conduct, against dis and misinformation on its platforms with almost immediate effect and if that's the case, then we might see the advocates and those in political power now perhaps back off if they do see facebook taking the requisite action now >> all right dip dipayan ghosh, thanks. >> thank you for having me kp your eye on bitcoin today. another record high, above 39,000

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it has been a difficult day for democracy with senate schumer calling for donald

trump's immediate removal from office after trump's supporters stormed the capitol yesterday. the dow up more than 250 points, s&p up 2 1/2% and the nasdaq up more than 2, dierdre >> and the question, carl, is what is next for them. it seems all of our guests today agree there need to be policies, congress needs to play a role. we will see if something has changed to help lead to more consensus, transparency and eventually, carl, perhaps we'll see action >> it's true we should also point out, guys, that although, as john says, it has been a difficult 24 hourss are certainly a difficult day again today for the country, firms like goldman sachs continue to revise higher their forecasts for economic activity in 2021.

they say their q1 stimulus forecast is now $750 billion gdp growth 6-4 is an increase from prior, sees unemployment at 48 at the end of the year. there is this back drop that the economy may hope to improve and that may bring some positives. let's get to the judge >> welcome to the "halftime roar -- report." i'm scott wapner we discuss and debate as we always do with our committee, josh brown, steve weiss, generally harrington we do begin today with breaking news yet another major deal in the