Squawk on the Street SOTS 2nd Hour: An Exclusive w/Trump’s New FCC Pick, Big Highs For Big Tech, HPE CEO 12/6/24
Dec 6, 2024
Brendan Carr, President-Elect Trump's pick for FCC Chairman and current FCC Commissioner, shares his vision for aggressive deregulatory policies, emphasizing collaboration with the tech sector. Antonio Neri, CEO of Hewlett Packard Enterprise, highlights rising AI demand and discusses HPE's strong quarterly performance. Together, they engage in a conversation about the implications of these changes for big tech and media, alongside insights into economic trends that could shape future Federal Reserve decisions.
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November Jobs Report
- The November jobs report showed enough weakness to convince markets the Fed will cut rates in December.
- Unemployment rose to 4.2%, and the household survey showed declines in employment.
Murder of UnitedHealthcare Executive
- UnitedHealthcare executive Brian Thompson's murder outside their investor day has rattled other companies.
- UnitedHealth, CVS, and others removed leadership pictures from their websites.
Carr's FCC Agenda
- FCC Commissioner Brendan Carr's agenda includes addressing tech censorship and media issues.
- He also aims to boost the economy and national security.