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and C. They are the future of fund administration. Now over the first word, breaking news fast for today's afternoon call. Here's Bill Maloney. Good afternoon, Charlie. Averages are under pressure today FEDZ, Williams and Lockhart see at least two rate increases in two sixteen. Dallas turnally lower by two hundred two points, SESPES dropped twenty two and AzaC falls sixty one.
The down the sup are back below their fifty game moving averages, and the small cap six hundred drops twelve points US ten yield at one point seven six percent. Nine out of tenants to be sectors are lower, led by losses and staples, utilities and healthcare. Small gains in energy down Transports outperformed gained forty six NAZIBO texts fall and the vix is higher by eight percent. Dew Leaders to the downside included Home Deepot, American Express, and Microsoft
Small Games for Caterpillar and Dow Pot. Abby fell as much as six percent on Humera patent concerns. Home Depot dropped two point six percent after its results, while United Rentals jumped as much as nine percent. City groups said the company was poised to gain on a seventeen rental rate rebound. Live on the first Breaking news desk on Bill Maloney, Charlie all right, thank you very much, Bill Maloney, and to hear live breaking news over your Bloomberg time
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D two. And you know, Kathleen, one of the things that everyone seems to rely on is an understanding of the government's position and the Internet, and of course saved the Internet net neutrality all very important topics, and here to help us understand it a little bit better is a Brad Barker. Brad is a senior analyst for a Bloomberg Intelligence, and of course Bloomberg Intelligence provides a real time research context on the variety of industries and all
types of government and the market factors. Just type b I go uh into your Bloomberg Brad, thanks very much for spending time with us. Tell us a little bit what is net neutrality and what is going on with the court system when we're waiting for a big decision. Sure, thanks, Pim, Hello Kathleen, thanks for having me here. So, net neutrality essentially prevents um I sps from creating fast lanes on
the Internet. In other words, they can't charge a Netflix or somebody else similar extra money to make sure that they connect you to to UH to the end user, which is us, the customer. Now that decision is going to be handed down by the d C Circuit Court on any Tuesday or Friday at ten am going forward. Now that's important for a couple of reasons. Uh. The first reason is there are two rules going on at the FCC right now which would be impacted by this
The first one are I s P privacy rules. What these rules do is they would give the consumer the ability to opt out from having their UH data collected by the ice piece such as Comcast or Verizon, and then have that data then be old to advertisers. This is something right now that Facebook and Google are allowed to do because they're regulated under the FTC and not the FCC. Well, so who is who's fighting whom here and who's leading the charge on each side? Sure? So
on on net neutrality? What you have? You have a ten ten century have filed suit and the f c C is on the other side of this, and most people seem to think that the FEC will most likely win this decision. Now you could, we could Who is the FCC representing? The FEC didn't just wake up on morning and say let's go after it, didn't, Sure the
FEC is representing the American public. Um they passed net neutrality rules and two thousand fifteen, which you know would would would not allow the Internet providers to charge fast lanes for companies out there as well as create winners. You know, because if they could charge, say a Netflix, extra money, then if you had another company who was smaller and was unable to pay that fee. You know, Netflix could connect to the consumers faster. Brad, you mentioned
rule number one. What was rule number two? Uh? Now, if the net neutrialing rules are upheld, it is expected that the SEC will then go after um the zero rating pens, which are free data plans which are currently being offered by by T Mobile, who which which allows you to connect to Netflix, Apple Music, Amazon Prime and you can stream your stuff on their on their phones
for free. Now, a lot of people feel that this is violating the tenants of net neutrality, and everyone seems to think that if the rules are upheld that the SEC will then tell T Mobile to shut this down. You have Sprint who just yesterday announced that if you sign up for their plan, you'll get Amazon Prime for free for a year. They could also do the same thing with uh A. T and T and Verizon also
have their similar plans. Well. Mind a certain extent is the battle here between people who who do a lot of streaming online and listen to lots of music and watch a lot of movies on their mobile phones and people who don't, who say they're clogging it, they're slowing
it down. They're doing it at my expense. Is that because it isn't just clear cut who wins and who loses here, Well, so it sounds sounds a good that's a good question, you know, undernet neutrality bottom line, if the rules are shut down, that will allow the the internet service providers veriz in A, T and T, Comcast, Time Owner, Cable, et cetera, to charge other other companies money to use their their pipes. So to speak. If the rules are upheld, all the internet companies would not
have to to pay anything for using the pipes. And anybody could you know, it could go online and serve the web and connect to any any company and not have to pay extra for it. Well, Brad Barker, hats off to you. This is a very very important issue and a very complicated one, and you do a great job day in and day out at covering for us UH here on Bloomberg Intelligence Bloomberg LP. Brad Barker in fact, as a senior analyst, he's usually in the Washington metro area.
He's in Bloomberg World headquarters in New York City. Today, Pim Fox and I are in the Washington metro area because we're broadcasting live at the Kempton Morrison House Hotel in Alexandria, Virginia. Of course, the Washington metro area is home to Bloomberg and one oh five point seven f m h D two Mr Bloomberg Radio, Bloomberg Tank. King Stock is brought to you by New York Community Back to ask about there my community interest checking with free
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