roger mcnamee joins us from san francisco tonight, good to have you back on the show.tock that you think is a must-own? >> to be clear, i would be very reluctant to put new money into the market right now. i think uncertainty is incredibly high. if i had to put money into one stock, though, that would be amazon. i think amazon is the great democratizer of our economy right now. what they have done is make it possible to get any goods that you want anywhere in america, more or less within 24 or 48 hours. and now they've done the same thing to the whole world of technology, software and games and other things through aws. so i do think that if you're going to own, put money into the market to buy tech stocks today, that's the first one you buy. that's the only one i've bought since the election. >> let's be clear, you obviously gave us your views macro, not a lot of new money should be put to work. are you saying you would buy amazon if you were forced to buy a stock but wouldn't otherwise? >> correct. and to be clear, to be clear, i actually did buy the stock when it wa

joining us, roger mcnamee. good to have you back. the dow trading at yet another record high this morning, before trading into the red just now. the nasdaq largely left out of the rally last week, added to its losses this morning, but it's not just stocks. the dollar trading near 13-month highs, the ten-year lead at its highest level since january, and, roger, a lot of people unprepared not just for the political outcome, but the market response to that outcome. clearly, if the last few sessions are any indication, we're in for more chop. >> i have no idea where this is going to shape out, but seems the one thing that had to happen, the surprise was so great, there were two or three industries, like banking and other regulated places, where essentially we saw 180-degree shift that moved from clinton to trump meant you were going to go from heavier regulation to essentially much less regulation, and for bank stocks in particular, that caused a massive increase in enthusiasm. which is understandable. >> so, as that repricing takes shap

roger mcnamee, good morning to you. facebook today, mark zuckerberg detailing the social network's plan to fight fake news. in a post over the weekend, "the problems here are complex, both technically and philosophically. we believe in giving people a voice, which means erring on the side of letting people share what they want whenever possible. we need to be careful not to discourage sharing of opinions or to mistakenly restrict accurate content." but the goal here, roger, is to somehow label fake news as such, work with fact checkers. can this be done? >> you know, i believe it can, but i think, carl, it's not a complete answer. i think a big challenge that facebook faces is that the underlying principle that it uses to run its algorithms is people are the best, you know, your friends are your best source of information, that you want to use your friends to filter the things around you. unfortunately, there's an unintended consequence that comes from that model, which is people like to hang out with folks who have sim

venture investor, roger mcnamee warning people like facebook the way it is, because they don't want tod with ideas they disagree with. >> facebook's economic model is built around reinforcing people's biases. and, you know, that is a political challenge for the country. and it's not just facebook. let's be clear. step back for a moment. technology broadly defined has made this problem worse. it didn't create the problem. but it's hard to imagine trump getting elected if facebook, twitter and google hadn't operated the way they did. >> and the controversy surrounding fake news will surely continue. the "new york times" writing an editorial saying it's facebook's and google's responsibility to stop fake news, saying the dissemination of fake news on facebook has been a long-standing problem. for "nightly business report," i'm julia boorstin in san francisco. >> no fake news here. that's "nightly business report." we'll see you tomorrow. [dramatic music] ♪ >> evening paper. evening paper. [no audio]

roger mcnamee will tell him the one stock he would invest $1 million in right now and that's at the top hour. >>> now, the presidential transition tango continues at trump tower today. a nice alliteration there. up next, we'll discuss who may be in, who may be out, and what we're learning about how the future trump white house will operate. and we'll get a further read on the consumer when williams sonoma and gap report their earnings. we'll have further analysis of those earnings. you're watching cnbc, first in business worldwide. as a supervisor at pg&e, it's my job to protect public safety, keeping the power lines clear, while also protecting the environment. the natural world is a beautiful thing, the work that we do helps us protect it. public education is definitely a big part of our job, to teach our customers about the best type of trees to plant around the power lines. we want to keep the power on for our customers. we want to keep our community safe. this is our community, this is where we live. we need to make sure that we have a beautiful place for our children to live. toge

roger mcnamee, good morning to you. facebook today, mark zuckerberg detailing the social n