The chips are off the table. Symantec and broadcom have halted deal talks. Where does that leave them now . First, to our top story. Big tex the big issue on capitol hill this week. Tech the big issue on capitol hill this week. Tuesday and wednesday, they will hear from facebook on libra. Before the testimony steven , mnuchin taking aim at the social network. The Treasury Department has expressed serious concerns that libra could be misused by money launderers and terrorist financiers. Emily also tuesday, representatives of facebook, google, apple and amazon will defend their companies in front of the house judiciary in a hearing on antitrust. Their goal is to convince lawmakers they do not stifle competition. To discuss, our guest in washington from a nonprofit focused on shaping Public Policy for an open internet. Before that she was at the Anticompetitive Practices Division of the federal trade commission. And we have ben brody. Who covers Technology Influence in the capital. So man
Snap, bullish bets pay off as the social Media Company far more users coming back on a daily basis, but can the growth keep happening . The u. S. Department of justice is poised to open a broad antitrust review into big tech, putting off of it, and facebook in the spotlight. Regulators are looking at whether Tech Companies are so big they stifle competition. This ratchets up pressure on tech giants facing scrutiny from europe to capitol hill. Joining us to discuss are a bloomberg tech executive editor, our bloomberg tech reporter who covers apple, and ben brody who covers techs corporate influence for bloomberg in washington. What do we know . Well, not a whole lot. I think what we are looking at complement toof the task force the federal trade commission announced. The ftc and the doj share antitrust oversight. I think we are looking at a complementary task horse. Is especially interesting as we had believed that doj and ftc had split up the companies. At doj would only be looking goo
Destroyed its new missile. Missiles are capable of carrying nuclear warheads. And are hard to detect. Educe the warning time he declined to give details, but underlined that nato had no intention to deploy nuclearbased missiles in europe. Tonight, Democratic Candidates holder first debate hold their first debate. Elizabeth warren will be the only top democrat to take the stage tonight. The House Oversight committee has voted to subpoena Kellyanne Conway for testimony. She is of violating the hatch act. Week, the special counsels office recommended that conway be removed from federal service democraticging candidates. [no audio] tracks and off the it has raised concerns about the impact on various forms of wildlife including dangerous species. Endangered global news 24 hours a day, powered by more than 2700 journalists and analysts and at tictoc on twitter, in more than 120 countries. From bloomberg world headquarters, this is Bloomberg Markets the close. Just 30 minutes away from the e
The chips are of the table. Symantec and broadcom have halted deal talks. Where does that leave them now . First, to our top story. The big story on capitol hill. Tuesday and wednesday, they will facebook on libra. Steven mnuchin taking aim at the social network. The Treasury Department has experienced expressed serious concerns that libra could be misused by money launderers and terrorist financiers. Lyft also tuesday, representatives will defend their companies in front of the house judiciary in a hearing on antitrust. Their goal is to convince lawmakers they do not stifle competition. We have charlotte from a nonprofit focused on shaping public policy. Before that, she worked at the federal trade commission. And we have ben brody. So many areas to keep track of. Libra, antitrust hearings, and a googlespecific hearing. Give us a preview of what we can expect. We are working hard to bring it all to you. One of the things i have been looking at with google is the rising chorus there is
Retiring. We know they have had a lot of issues with the plane. I have been trying to fix the software issues. Boeing naming mark james to take over oversight of that 737 max program. Retirement might be a nice way to put it. The big event this week was two days of testimony. He seems to be in favor of cutting rates. Deliberately emphasize things going wrong globally. He is not that sensitive to Economic Data. I think his room his view is that inflation is somewhat under control. Is such a dramatic change from six months ago. Joe when the Global Outlook significantly dims, your ability to be purely data dependent goes away. You have to try to act ahead of the term. The fed has admitted that it does not have the conventional quality space to fight a gardenvariety recession anymore. It is really about recession prevention. Luke that is the only game in town that requires you to act when the u. S. Economy is falling off a cliff. We talked about this idea that when you give Financial Marke