We will continue to update you as more details become available. The senate is out this week so on cspan2 we are going to bring live coverage of a number of events including a house hearing at 10 30 that examines the future of why your Communication Networks and how Technological Advancements could impact consumers and businesses. Host host welcome back. We are joined by congressman joe barton, a republican member of the house energy and commerce committee. Thank you for joining us. Later this week the committee will have the first hearing on the web site healthcare. Gov. Tell us what are your biggest questions . Guest my biggest question is why they put that much money into something that flat out doesnt work. Theres been lots of socalled which is over the years and other web sites in the private sector, but weve never had a website that almost no one gets through the first time without any problems. So we have the contractors this their stay and the next thursday the secretary Kathle
We all want competition, but what we want to have really is an environment, and, in fact, the digital revolution is enabling more competition. Thats why we have these, we have cable and wireless and fiber and all of these things are part of the digital revolution. But ultimately in a new act what would like to have, in my view, would be a standard that ties the regulatory activity of the agency closely to an analysis of the competitive marketplace. And then only if theres a market failure or consumer harm, and i recognize that if theres consumer harm theres a place for regulation. Im not, like mr. Cicconi, im not advocating no regulation. But we need in a new act to i to tie regulatory activity much more closely to an analysis of the marketplace. That really gets away from all this discussion about this technology and that technology and that type of thing. But the fact that technology is changing, and it enables competition, that is a reason for policy changes. Its not a reason to do
More pro growth policy. Deflation over weak demand. And bah humbug. The uk retailers are disappointing sales sent morse onnis and tesco sales down to the bottom of the stoxx 600. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Hello. Very warm welcome to todays edition of worldwide exchange. Plenty to get through. Its dday for some of southeast asias emerging markets as they size up the u. S. Quantitative easing. Well get the latest from singapore in around 15 minutes. Well be speaking to the ceo of exxon about how shale is changing the worlds biggest economy. After months in the shadows, Edward Snowden is expected to give testimony to the European Parliament. Thats around 40 minutes time. And the latest fomc minutes have provided some insight into the feds strategy for tapering. Well analyze all those details starting at 11 30 cet. If thats not enough, as the big freeze finally begins to thaw, well look at the economic impact. Its only st
Continue into tomorrow as well. Very mild again overnight. Clear skies all the way to the coastline now. These numbers running to 60 in san francisco. 58 in san jose. And 56 in livermore. By the afternoon 90s going to be calm and away from the immediate coastline and even out to the beach today liz the temperatures soaring entomb the 80 up into the 80s. Cooking another good word for hot. Out the san jose because theres a problem in fact we have a hot spot developing. A Traffic Alert in san jose. Northbound 880 that connector to southbound 101. It remains closed until about 5 00 this evening. So theyre hoping to get this wrapped up in time for the evening commute. But in the meantime were not seeing any huge delays because of it. You can get off the freeway there at first street and use city treats to connect back on to southbound 101 but again if it doesnt reopen in time thats when we could have some problems for the evening commute. But right now they hope to get that pothole repair,
Microsoft this morning, the company beating on the. Top line, but missing on the bottom line. Microsoft telling investors it ames to get its nokia unit breaking even in two years. We will have more on that in just a couple of minutes. As for apple, revenues fell a bit short. Asia, a key part of the story, ceo tim cook told analysts the companys performance in china was honestly surprising and we will have more on the streets reaction to apple in just a kup couple minutes. In the meantime, im going to send it over to kayla. A lot of moving parts in that. We are watching a number of other stocks today. First up, video game publisher electronic arts. The company is hosting better than expected earnings and revenue egz. Results were helped by strong sales such as titan fall, original revenue and cost control. That stock after hours and yesterdays trade down by 0. 5 . Ju juniper, meanwhile, below expectations. The network gearmaker citing delays in Closing Sales deals at some north american