Markets looking to start the week to the upside. Futures inching higher this morning take a look there. The dow jones up about 71 points the nasdaq up about 63, and the s p 500 indicated higher by just about 10 points. This after markets finished a little change on friday. Retail, of course, and focus this week earnings expected from heavy hitters including walmart home depot lohse and target fighting back former mcdonalds ceo steve easter brook is slamming lawsuit from the company over his severance his defense later this hour. And heat wave, brutal temperatures hit the west, threatening the power grid in california. Plus, the state of travel airports bracing for a whole new world of changes at checkin what you need to know before heading to the airport. Mornings with maria is live right now. And were taking a look at the european markets edging higher as well. Take a look there the ftse higher and now investors are keeping the focus on travel restrictions, and u. S. China trade tensi
Florida. I recognize the gentleman from north dakota for five minutes. Bezos, my colleagues brought up they were discussing thirdparty sellers this policy specifically noted possible loopholes that allow amazon to review nonpublic and aggregate data to inform private rams even in instances where there are only a few thirdparty sellers. Where exactly does amazon draw the line . Data would bee more than one seller . The person seeing the report would have no way of knowing how rs are inside that group or what the breakdown would be between those sellers. That is different from a list or product ranking which we do make public. Does amazon allow the use of aggregate data to inform private label amazon brands when there only a few sellers for a product . Does amazon look at i could dictate up when there are only two sellers of a product . Yes, sir. Isand my correct amazon conducting an internal investigation on the use of thirdparty data . Are basically trying to understand some of the ane
Industry. They took questions about the use of thirdparty seller data and allegations of anticonservative bias. The subcommittee will come to order. Without objection, the chair is authorized to declare recess at any time. Welcome to todays hearing on marketing power. Amazon, apple, facebook, and google. I would like to remind members we have established a distribution list dedicated to circulating specific motions or other written materials members might want as part of our hearing today. If you would like to submit materials, submit them to the email address distributed to your offices. We will circulate materials as quickly as we can. Thatld also remind members face coverings are required for all meetings in an enclosed space such as Committee Hearings. I expect all members on both sides of the aisle to wear a mask except when you are speaking. I recognize myself for an opening bateman Opening Statement. This committee launched an investigation into Digital Markets to document compe
Med, which helped lift the mood. Well have more on that in a moment. Anl streets view of the u. S. china trade negotiations, which seem to changeil they were optimistic today. It all contributed to a continuaon of the latest rally that began in early october. The dow was up another 190 points, nasdaq was up 112. S p added3. Mike santoli takes a closer looe ater the new highs can hold. Wall streets record rally t slowed in rec weeks but not yet stopped. The broad s p 500 drifted to a fresh alltime high monday, it up only a fraction of a percent over the past ten days. Now with th i ahead by nearly 25 for the year, the question turns to wheer the rally has already priced in most good news on th economy and trade or whether the market is really pausing ahead of a typicalun homestretch higherhrough december. The key drivers for the markets recovery since august remain in placsi raant rec fears in late summer now appear unfounded. Mobile growth is showing signs of picking it. The Federal Re
And, microsoft stopped making phones years ago, and now its back with a new model that will run on googles android system. Is now the time to get back into the slowing Global Smartphone market . But first, to our top story. On monday, wework pulled the plug on its ipo, at least temporarily. The new coceos of the Office Space Company say they want to focus on the core business before going public, which they still plan to do sometime in the future. Wework has been burning through cash and is now planning thousands of job cuts. And will put some of their business is up for sale. Bloombergs kurt wagner spoke to wedbush analyst dan ives and bloombergs ellen huet, who covers the company. Ellen it is official. The ipo will be put on hold. So they said this morning theyre going to be pulling it, that confirms a lot of the reporting we have had in the last week or two, which is that the ipo is unlikely to happen in 2019, likely to be pushed until next year. So theyre going to be spending the n