Cspanstore. Org. Next, a look at efforts to modernize Information Technology across government agencies. The House Oversight subcommittee hearing includes the chief Information Officers from the governmental accountability office, the office of Personnel Management, the white house budget office, and the education department. This is about 2 1 2 hours. Begin in 5, 4, 3, 2, and 1. Welcome, everybody, to the subcommittee on government operations. And our 10th hearing on fitara. Before we begin, pursuant to house rules, most members today will appear by webx remotely. Since some members are appearing in person, or at least this member is, let me remind everyone that pursuant to the latest guidance, all individuals attending this hearing in person must wear a face mask. Im dropping mine only to speak. Members who are not wearing a face mask will not be recognized. Let me also make a few reminders for those members appearing in person. Youll only see witnesses appearing remotely on the moni
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
Withdrawing the amendment. If there is no further debate, the amendment we are back live at the House Appropriations committee. Theyre working on 2021 spending levels for the defense, commerce, justice and transportation department, as well as the department of housing and urban development. The markup is excited to go into the evening. You are watching live coverage on cspan. Chair lowey for what purpose does the member from california rise . The member of california . Thank you. I havent amendment at the desk have an amendment at the desk. Chair lowey the clerk will read the amendment. I ask unanimous consent to dispense of the reading. Chair lowey without objection, the reading of the amendment is dispensed with. Thank you. This amendment is straightforward. It would block a president from starting a war with iran absent expressed authorization from congress. This amendment consists of language that the house is already adopted as part of h. R. 550 in january of this year. Let me be
Data, that amazon does not use that data for its own benefit, and im now hearing you say, well, youre not so sure thats going on. And the issue that were concerned with here is very simple. You have access to data that far exceeds the sellers on your platforms with whom you compete. You can track consumer habits, interests, even what consumers clicked on but didnt buy. You have access to entirety of sellers pricing and inventory information past, present and future, and you dictate the participation of thirdparty sellers on your platform. So you can set the rules of the game for your competitors but not actually follow those same rules for yourself. Do you think thats fair to the mom and pop thirdparty businesses who are trying to sell on your platform . I appreciate that question, and i like it a lot because i really want a chance to address that. I am are proud of what weve done for thirdparty sellers on this platform. We started our thirdparty platform 20 years ago, and we had zero
The week. Vix below 30. We have a stronger euro today. Europe definitely doing better on the coronavirus front. The 10year yield holding at those lows of 64 basis points. Kicking off this week. Investors awaiting report from the largest u. S. Banks. Lets get to brian levitt, invesco Advisors Global strategist. It seems there is more optimism than pessimism on the earnings front. Why should that be . Brian i think it is largely not investors view the Second Quarter as being priced in by the markets. 35 in 20 was down days, pricing in a bad secondquarter, and a big hit to earnings. From there, you assess whether things start to get better as the year progresses. Investors are largely looking out beyond the Second Quarter as there has been resumption in , as mobilityvity has improved, conditions have improved. It is largely a look at things getting better, rather than taking the Second Quarter will be anything but pretty ugly. Vonnie it seems investors will be cheered by anything. If you