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
Ten year is yielding around 0. 65 . Yeah, 0. 648 30year is at 1. 383 andrew thanks, becky nice to see you. Meantime, civil Rights Groups involved in that meeting with facebook which we previewed for you yesterday right here on squawk, well, the companys platforms, they are calling that sitdown meeting disappointing. They say they were unable to get commitments from Company Leaders on how they plan to combat hate speech and misinformation on the site facebook spokesperson said this was an opportunity for the company to reaffirm the commitment to combatting hate on the services well talk a lot more about this later with somebody who was on that phone call. I dont know if it was a phone call or a zoom. They dont do zoom, guys. They didnt i thought it was a zoom . Facebook now has their own. They do they have their own platform now. I dont know if you are going to meet with well, ive had meetings on facebook they often use blue jeans. I thought it said zoom but it might have been used sayi
Million, representing more than a quarter of all cases globally. I want to bring in our Bloomberg Markets reporter, who has been on top of all of this action. What did you notice today, with more record highs it is the usual suspects that continue to lead the way. A story of tech outperformance again. Boarde higher across the when it comes to major averages, but the outperformance came from the nasdaq. A record high. It was up by more than 1. 5 . I want to highlight that even though tech stocks and stocks wasdly were higher, so gold. It has been the highest since 2011. 1800 an ounce. That creates safer assets. The tone is not all risk on. The tech has been a safety trade. They are benefiting from a world staying at home. Todays session was the largest of the large that were leading the way. Apple, amazon, facebook, all contributing the most to todays rally and all four of them closing at record highs today. From a valuation perspective, how overvalued does the tech market look . We are
Rules Committee Vice chair kathrin stefani, and rules Committee Member gordon an mar. Our clerk is victor young, and id like to thank sfgov for staffing this meeting. Mr. Clerk, do you have any announcements . Clerk yes. Due to the covid19 Health Emergency and city charter, the chambers room in city hall is closed. Public comment will be available on each item on the agenda. Both channel 26 and sfgtv. Org are streaming the number across the screen. Each speaker will be allowed two minutes to speak. Comments or opportunities to speak during the Public Comment period are available via phone by calling 4084189388. Again. Thats 4084189388. The i. D. Is 1462655364, then press pound, and pound again. When connected, you will hear the meeting discussion, but youll be muted and in listening mode only. When your item comes up, dial starthree to be added to the speaker line. Best practice is to call from a quiet location, speak slowly and clearly, and turn down your television or radio. Alternat
Announcements . Clerk yes. Due to the covid19 Health Emergency and city charter, the chambers room in city hall is closed. Public comment will be available on each item on the agenda. Both channel 26 and sfgtv. Org are streaming the number across the screen. Each speaker will be allowed two minutes to speak. Comments or opportunities to speak during the Public Comment period are available via phone by calling 4084189388. Again. Thats 4084189388. The i. D. Is 1462655364, then press pound, and pound again. When connected, you will hear the meeting discussion, but youll be muted and in listening mode only. When your item comes up, dial starthree to be added to the speaker line. Best practice is to call from a quiet location, speak slowly and clearly, and turn down your television or radio. Alternatively, you may contact us in the following ways. Email me at victor. Young sf. Gov. Finally, items on todays agenda will be acted upon on the board of supervisors agenda on july 14 unless otherw