Hack Job

Friday we featured a contributor who came to Google’s defense concerning “Project Nightingale”… that might have violated HIPAA laws.

On the opposite end of the spectrum, a reader says: “No, I don’t think I want Google to have any more of my data. They used to say their motto was ‘Don’t be evil.’ 

“Based on more recent escapades, I’d say Google’s revised that motto to ‘Eh, whatever.’”

Now that you mention it, Google quietly distanced itself from its “Don’t be evil” ethos almost a year-and-a-half ago. Their new code of conduct now emphasizes “ethical business conduct” — for whatever that’s worth. (We’re guessing the accent’s placed on “business.”)

Our next contributor says Google’s not the only problem…

“Anyone who hasn’t found that Big Tech companies are way too big and should be hacked up before they can’t be regulated needs to open their eyes.

“There are so many examples of Big Tech lying to people and nothing changes after they’re exposed.

“I have written to each of my Congressional representatives about my concerns. After almost two months, three have responded with NO mention of the issue at all.”

Do you think companies like Google — you know the usual suspects — should be broken up?

Your Rundown for Monday, November 18, 2019:

FAA Regulates

Friday, FAA Administrator Steve Dickson — who stepped into the position in August — sent a video message to his staff that the agency would take its time deciding the fate of the Boeing 737 Max.

The planes have been grounded since March 13 after the Boeing jets were involved in two crashes that killed 346 in Indonesia and Ethiopia.

Since that time, Boeing’s been “aggressive” in its efforts to get the 737 Max planes back in service, Reuters reports.

In fact, Mr. Dickson’s video circulates “days after Boeing said it expected the FAA to certify the 737 MAX, issue an airworthiness directive and unground the plane in mid-December.

“That timetable sent the planemaker’s stock price soaring [last Monday],” says Reuters.

chart

With the FAA’s pushback, it’ll be interesting to see how BA stock reacts today. (Boeing’s shares are up $1.46 at the time of writing.)

But we’ve mentioned before: As goes Boeing, so goes the Dow. The DJIA is price-weighted — not cap-weighted — so Boeing is the most important stock of all the 30 stocks that make up the index.

You might’ve made a bear case against Boeing back in March when planes were grounded and, by association, a bear case against the Dow Jones Industrial Average.

Since? The DJIA has gone on to ascend to new heights; it’s been a turbulent ride for Boeing. But we think Boeing’s a case of too big to fail.

Market Rundown for Mon. Nov. 18, 2019

S&P 500 futures are up 4 points to 3,116.

Oil’s down 41 cents per barrel to $57.31.

Gold’s steady at $1,468.80 per ounce.

Bitcoin’s lost $34.83 to $8,542.07.

Have a great day. We’ll talk tomorrow.

For the Rundown,

Aaron Gentzler

Aaron Gentzler

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Aaron Gentzler

Aaron Gentzler is the publisher of Seven Figure Publishing. He is also the editor of The Rundown and has been with Agora Financial / Seven Figure Publishing since 2005. He's been covering technology and markets for over a decade.

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