Employees and if you break a company like that up, if you can manage it do it, theres going to be unattended consequences. Tonight at 8 30 p. M. Eastern on cspan2. Next on cspan3, a house judiciary subcommittee on whether Big Tech Companies like google, apple, facebook and amazon engage in anticompetitive practices that hurt smaller online companies. Rhode island congressman David Cicilline chaired the hearing. 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 web was released into the Public Domain to create a Global Communications network. Within a few years, search and browsing services were built onto the software to give people tools to c
Why that might be easier said than done. A growing debate over the next steps the white house may or may not take to avoid a downturn in the economy. Were getting mixed signals on the strength of the economy. So we start in this hour with Jackie Deangelis who is here in the studio to lay it all out for us. Reporter connell as recession fears linger, concern over the trade war keeping a lid on optimism, especially today. This is big week for retail. Home depot earnings were in focus. Home depot numbers beat the street. A reminder of the thorn in the markets side. Home depot is worried that the trade war a new round of tariffs will cause Consumer Spending to slow down. It. J max, positive report was dampened by earnings guidance. Numbers were under wall street expectations. Headwinds to consider here, global slow down, europe, china, parts of europe, bond yields continue falling, continued flight to safety less proannounced than last week, fundamentals pretty strong. Gdp more than 2 . Ju
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
On well see how it goes. Its been a brutal stretch of selling. Apple under 170, meta plunging nvidia threatening to close below 400. Microsoft not even able to get much going more broadly, yes, we are watching the s p 500 it closed below that key 4200 level yesterday. You take a look here, its moving further away. Health care energy among the weakest sector whether were only lets ask dave greenhouse, and Big Technologies alex canterwitz both are with me on set. Gentlemen, good to see you dan, you first the trade has not been good. What do you think of the market . Listen, ill leave the techspecific to alex, but i think the meta report looked fine some of the other records, microsoft good, not bad at all, but its an important environment for a number of reasons. You have the two wars, the budget in congress, obviously Interest Rates doing what theyre doing, so im not surprised that good enough is not good enough. The reed today was pretty good but, you know, they looks like they may be
David 4 1 2 is extraordinarily high or low if you put it that way but put it in perspective. 22 , versus 4 1 2 . It could be a lot worse. Were not in recession. That is another important element in this. We got you covered on after the bell, at this hour, on big market moves, what is driving these markets. What you should do with your money right now. Phil flynn is watching the action from the cme. First lets go straight to Nicole Petallides on the floor of the New York Stock Exchange. Nicole, what are you hearing from traders about tomorrow . Well, tomorrow, right, first of all theyre trying to digest today. I will tell you i spoke with the president of the New York Stock Exchange tom farley, what happened today . Because we dropped nearly 1600 points at one point. We saw exasperated selling in just a few minutes, within ten minutes of selling. His first point, the first point he wanted to make, we saw smooth trading here at the New York Stock Exchange on heavier than normal volume. I