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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.
45:04
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Quick takeaways
- The November jobs report showed solid gains, yet a rise in unemployment indicates a complex labor market dynamic requiring adaptive strategies.
- Chevron's innovative offshore technology is crucial in achieving sustainable energy production goals while setting new industry standards for low-carbon operations.
Deep dives
Chevron's Technological Advancements
Chevron's Anchor Offshore Platform is utilizing cutting-edge technology to enhance oil and natural gas production in the U.S. Gulf of Mexico, achieving unprecedented pressures of up to 20,000 PSI. This platform is a critical part of Chevron's strategic goal to produce 300,000 net barrels of oil equivalent per day by 2026, contributing to one of the company's most efficient and low-carbon intensity operations. The adoption of such technology signifies a move towards innovative practices in the energy sector, affirming Chevron's commitment to sustainability while meeting energy demands. This advancement represents a significant step forward in setting new industry standards and practices in offshore drilling.
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