The subcommittee will come to order. I again want to apologize to our witnesses. This is historic action on the house floor that has taken a number of Committee Members away from the committee. But i would like to get started. Our second panel of witnesses, the first witness on our second panel is timothy wu, the julius silver professor of law at columbia law school, an expert on antitrust, copyright and Communications Law and a contributing opinion writer for the New York Times, including the master switch in the curse of bigness. Professor wu has twice been part of the politico list of 50 individuals transforming american politics and was named to the American Academy of arts and sciences in 2017. He received his bachelors of science from mcgill university. Fiona scott morton, a professor at the University School of management. Nationally recognized as a leading scholar and published articles in leading economic journals. From 2011 to 2012 she served as Deputy Assistant attorney gene
We begin in the tech world where 2 of the biggest names have presented their figures for the quarter that ended in june quarterly profits at googles Parent Company alphabets tripled to just under 10000000000. 00 the figures beat most analysts expectations and were down to advertising spend on such as and on you tube a different story of amazon where big spending on speedy shipping means profits lower than expected. Lets bring in our financial cost bunch delay any. Has been investing a lot into prime is it worth it. I think its going to take a little bit longer to get visibility on so these investments that amazon is making theyre really long Term Investments its investments into things like warehouses and new workers into training into sort of the infrastructure that underpins this whole prime system we did see the c. F. O. Of amazon say yesterday that they are seeing some early benefits of this. They saw a slight acceleration in north american sales a little bit Stronger International
Depends on china and india and the way they satisfy their energy needs for more im joined by day for a chat or g. From a Business Standard in mumbai dave i hope you can hear me already and here i can see you good to have you with us so 1st of all explain to us a how addicted is india to coal. We are quite addicted to just look at the started to statistics almost 74 percent of indias totally sick days in rishon is from politicians and not only that almost 60 percent of indias in star gappers is from boston so its we are certainly addicted to the call and there is no way out as far as a couple of makes deals is concerned what is happening is the government is unable to change to change the of again do doesnt want to abandon. Our stations that is because if we shut down this gold base politicians it will leave a lot of bad debts in the indian Banking Sector which is already quite weak and this one of the big problem which has happened in india and carmel power that is the best quality can
Good afternoon. The subcommittee will come to order. Without objection the chair is authorized to declare recesses of the committee at any time. We welcome everyone to the second of our series of hearings investigating competition in the Digital Markets. This one on innovation and entrepreneurship. I now recognize myself for an opening statement. 30 years ago the First Software for the worldwide member was released into the Public Domain to create a Global Communications network. Within a few years, search and browsing services were built onto this software to give people tools to communicate, share, and explore information through decentralized platform that was designed to be open and nondiscriminatory. An internet pioneer and codesigner of the internets early architecture testified in 2006 on behalf of google that the overarches principle of the open internet was no central gatekeeper should exert control over the internet. As he noted this open and competitive environment meant ent
The race to build super fast 5 g. Networks. And talk about temporary housing we visit workers now living in camper van communities close to their jobs. This is the business im on in berlin welcome u. S. Growth failed to live up to Donald Trumps promises of a 3 percent gain last year the government says the worlds biggest economy grew more slowly in 2018 than previously thought the Commerce Department downgraded its estimate from 3 percent to 2. 5 percent the overall trajectory is upwards and Consumer Spending is buoyant but lower spending on buildings equipment and software led to a downgrade analysts believe the trade war with china created uncertainty. And its probably doing so still and joining me now in the studio is our Business Reporter Clifford Coonan and our man on the markets. Welcome to you both now both on the east lets start with the u. S. So trump has argued that his tax cuts and increased spending would be enough to propel the growth to the 3 percent mark but that hasnt h