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
Commerce department announced that the United States economy g. D. P. Plunged 32. 9 percent on an annual basis in the april through june quarter this is its worst 2nd quarter period on record for the previous worst quarter contraction was a 10 percent drop during the Eisenhower Administration in 1958 but these records dont date back to the Great Depression while hopes one day old on that v. Shaped recovery is Consumer Spending which actually accounts for about 70 percent of Economic Activity it brought down the g. D. P. On wednesday the Federal Reserve chairman powell warned of the lasting damage to the economy of this expectation. Even with the improve Economic News in may and june overall activity remains well below its level before the pandemic and the contract contraction in real g. D. P. In the 2nd quarter will likely be the largest on record. Now this comes as republicans and democrats are working on the one trillion dollar relief package on a looming friday deadline but it appea
Means, what healthy competition means, julia, in this era that were in my take thus far is that theres been a difficulty applying kind of legacy, antitrust law to technology will new ground get broken here because congress, as we learned in elementary school, makes the laws absolutely. And theres been a lot of talk about the need for new, different types of laws. But jon and carl, what i think is really interesting here is the question of how much of todays hearing will really focus on the antitrust issues, which are the purported focus here, and how much will we hear other criticisms, other questions about the likes of hate speech, manipulation, voter manipulation and the spread of misinformation on these platforms such as, you know, youtube which is owned by google as well as on facebook so i think there are a lot of Different Things at play here. While antitrust will be at the center, carl, dont you think well see this veer off into other directions as well yeah. Thats sort of my qu
Already read from the u. S. And its presence in foreign markets to those fearful of china the trend is disturbing heres arties alex the highly bitch with the latest information on that. From mines in Canadas Arctic to farms in america the sleeping dragon china is continuing to spread its wings and some dont like it if the free world doesnt change doesnt change governments china will surely change. Cant be a return to the past practice because theyre comfortable because theyre convenient currently reside he is high amongst anti china factions in canada as Chinese State run shamed on Gold Mining Company moves to buy a mine in the Arctic Circle some experts fear that chen dogs plans put canada at risk as the gold mine sits in a strategically important region known for resources and shipping routes Richard Fadden who is National Security advisor to both Prime Minister trudeau and former canadian Prime Minister Stephen Harper has gone as far as to say this purchase should not go forward the
Its time now to move i. Begin this hour with some disturbing video surfacing out of new york city thats where the n. Y. P. D. Is once again coming under scrutiny for this questionable arrest tactic here that youre seeing on screen in that spotlight you see Plainclothes Police officers arresting a trans woman on the streets of new yorks East Manhattan subduing her and then tossing her into an unmarked van now aided by identified and why p. T. To many people who witnessed this it appeared to be an abduction nikki stone was wanted for vandalization and destruction of Police Cameras at city hall but the method of her arrest have many worried about. Practices during these ongoing protests so joining us to band on the topic retired Metro Police Detective ron hampton ways and ron good to see you you were a cop on the ground here locally for a long time stone was wanted for vandalization did that warrant this sort of reaction. I dont think it was but you know some of this behavior app of the i