ylan, thank you >>> well, coming up, we'll be joined first on cnbc by louisiana attorney general, jeff landry he's going to weigh in on the crackdown on big tech, what the change is he wants to see and dig into those details around the timeline of this lots of questions. >> lots of questions that we're looking forward to that interview in the next hour of the show now, at&t spiked this morning after management revealed a $3.2 billion stake in the company though shares are now well off the highs. david faber joins us with the latest hey, david >> reporter: hey, wilfried it is a large stake in a very large company. of course, always worth pointing out that percentage wise, still very small, given at&t's $270 billion, roughly, market value made an interesting point, we're below a 2% gain now. earlier this morning, the stock had been up a lot more there are plenty of challenges for at&t eliot is not going after the big ones and saying, well, break this thing up, which some investors perhaps wished might have been the case that's no what they're focused on they're focused on better execution of th

google's dominance as a search engine allowed them to tell advertisers that jeff landry was looking for a particular type of tennis shoe or a particular place to go hunting or -- to a specific area. eliminated the guessing game, by going to google and purchasing advertising, advertisers are able to target their audiences. unfortunately, it also means that google's dominance allows them to pick winners and losers in the exchange. continuing down this road will kill online publishing or google will say who stays or goes. how is that for the fulfillment of promise of -- activating content. and enhanced and expanded human contact. it --? exchange of ideas and freedom to publish the content. if we don't act now, the dream will die. that is what the investigation is about. >>> when 50 attorney generals come together, they send a strong message to google. i'm not going to quote joe biden but i will tell you it is a big deal. this is significant as we go forward. i would say i look forward to cooperating with the u.s. department of justice, not only the u.s. department of justice but also coope

as a searchinance engine allowed them to tell advertisers that jeff landry was looking for a particular type of tennis shoe, a particular place to go hunting or a vacation to a specific area. it eliminated the guessing game for advertisers. by going to google and. purchasing advertising on their platform, advertisers are able to strategically target their audiences. unfortunately, this also means that google's dominance now allows them to pick winners and losers in this exchange. continuing down this road, will kill online publishing. google will say who stays and who goes. how is bad for the fulfillment of the internet promise of open places of ideas, debate and content? the internet was said to be revolutionary because it enhanced and expanded human contact and allowed conversations to take face. it enhanced the exchange of ideas and the freedom to efficiently publish the content. if we don't act now, but will die. and that is what this investigation is about. thank you. afternoon, i am the nebraska attorney general. 150 attorneys general come together, 50 attorneys general sent a str

tomorrow for louisiana attorney general jeff landry, cafe does not say california assumes federal empowerment. so we are moving forward with one national fuel economy standard. we believe that the law is clear. no state has the authority to opt out of national standards. and no state has the authority to set its own fuel economy standards that impact human safety, the environment and commerce the rest of the country. one national standard that provides much-needed certainty to the automotive industry. and it sets the stage for president trump's ultimate objective which is a final safe rule that will save lives and strengthen the economy by reducing the price of new vehicles and helping more americans purchase a newer, cleaner and safer car or truck. this is good for public safety, the economy and the environment. here's how today's action works. under the energy policy conservation act, d.o.t. sets cafe standards. they expressly provided the federal government regulates fuel economy. not the states. since there is a direct a scientific link between a cars greenhouse gas emissions and the fuel

jeff landry joins us now, welcome. >> thank you for having me. >> you know many of your counterparts other states including california do not agree with a lot of the policies of this administration, governor gavin newsom says this about the change to the fuel standards by the fed. today's actions represent another act of donald trump's political theater, a failed attempt to exert power, continuation of the political vendetta against california and our progress, bed newsroom, we will prevail, see you in court. the attorney general out there says this is going to court. what do you make of it? >> i look forward to joining the president in court against those who believe the president doesn't have the power to do this. is used said, california doesn't stand for federal empowerment, the basis of federalism is each state's sovereign and take things within their borders but anytime policies affect other states, that disrupts that federalism and is unconstitutional. i think he is doing the right thing. we want to make sure people in louisiana, especially low income people have the ability t

later today on the closing bell, do not miss another state attorney general jeff landry of louisianay's antihfs trust investigation into alphabet as states crack down on big tech. of course, guys, we will continue to watch these markets as we eke out gains and move ever so slightly closer to those record highs we saw during the summer. >> let's get to the judge out west. >> silicon valley, the heart of the tech world, turning out trillions of dollars in innovation and wealth, a wave of big ipos hitting the market this year and more getting ready to go public, but it comes at a time of big tech under fire, the rising risk of regulation and back lash over valuations and diversity in the valley, adjusting to a new reality and finding the next great opportunities in tech. a special edition of halftime report in san francisco begins

. >> thank you >>> by the way, louisiana attorney general jeff landry will be on the closing bell today4:00 p.m. eastern time, don't miss that. we'll maybe get more detail from him about what could happen here. >>> turning back to the markets, the averages are within striking distance, dow and s&p only 2% away, the nasdaq 3%. is it too late to get in on the rally? can't believe we're asking this question again we have bill smooed here so, bill, as difficult a market this has been, by the ay, what's happening with wee work is really interesting, what it tells you is happening in the private versus public markets. we're close to the all-time highs. where can people go to find value? >> first off, the key thing about we work and the show you guys had on prior with shacter was fantastic. we're dumping a lot of companies into the pool and that dilutes the value of the existing ones the money to go into more growth stocks has to come out of the portfolio managers to buy growth stocks they're diluting those and the number of value stocks is disappearing the thing to understand at any time, whe

jeff landry joins us now. mr., welcome. >> welcome, thank you for having me. >> shannon: you know that many of your counterpoints in other states do not agree with the policies of this administration. california's governor gavin newsom says this about the change to the fuel standard by the fed. he says today's actions were present act and donald trump's political theater, a failed attempt to assert power, a continuation of a political vendetta against california and our progress. bad news for him, we will prevail, see you in court. the attorney general out there, javier becerra, says this is going to court. what do you make it? >> i look forward to joining the president in court against those that believe that the president doesn't have the power to do this. again, just as you said, cafe doesn't stand for california assumes federal empowerment. the whole basis is that each state is sovereign and they have the ability to take care of things in the borders but anytime they impose policies that affect other states, t