Extra costs to consumers monthly bills. Live coverage here on cspan. Cspan live here, the Senate Banking Committee Hearing about to get under way. Witnesses will be testifying on how junk fees effect consumers and their budgets. Some examples of those fees are the hidden charges that get attached to goods and services such as loans and Bank Accounts or corporations. Sen. Brown finding more and more ways to raise those costs, to boost their own profits. Weve talked about how every time americans go to a Grocery Store, they pay for corporate stock buybacks and executive bonuses. Last week we looked at how Companies Use the latest technologies to jack up prices for consumers. This week we look at junk fees. Often lastminute charges that drive up the cost of products, have no justification or connection to anything other than their quests for profits. Think about that hotel room you booked that has a bunch of mysterious charges at the end. Or that time you paid your credit card bill over t
By that of the nasdaq as it is rising more than 1 . Tech shares accounting for a decent amount of the game. The gains are relatively broadbased as people get back to work today. Among the fang stocks helping account for the rise today weve got netflix on the rise. We also have some of the content and broadband providers on the rise as well. Disney, dish, Discovery Communications and charter communications. Mccrory looking at the media landscape for this year emphasizing the idea that content is king and that some of these content creators are going to do better. Fox buying more content. Various eitherer of the pipes, providers of the access to overthetop networks or to the providers of content like discovery themselves. Media seeing a pretty broad lift in todays session. One group that is not on the rise of the pipes, providers of the today, insurer. Todaye kbw out with a new cutting all state to an underperform saying that companies Margin Expansion story is just about played out. Loo
Apple soars nearly 5 to a fresh all time high after reporting earnings moments ago crushing on every metric the company has added 31 billion in market cap just in the post market session. Weve got full Team Coverage gene is here onset, hes deialig into the call. Josh just spoke with tim cook, so josh, kick it off i had the chance to speak to tim cook lets talk about iphone number 41 Million Units in the quarter. I asked about that he said demand was greater than the shipment indicated because he did take down channel inventory by more than 3 Million Units. It was also impacted by the pau. Theyre seeing these reports andrew man and rumors cook said the noise andrew mors are at a different frequency than weve had and its clear because im getting different comments from people that there is a pause, but despite that, i feel great about how we did. I also switched gears and asked cook b aboservices business. Cook telling me if you look at services, we came in at 7. 3 billion. Up 22 year on
Control. For example, the euro swiss rate, saw the dollar start to be stretching while these might be esoteric, sometimes theyre tell tale signs. Investors were worried about whats happening with President Trump, whats happening with u. S. Policy, and the big danger would be loss of confidence and potential crisis for the dollar. I dont think thats going to happen, but well see. Certainly the most recent moves in Euro Dollar Exchange rate are interesting. What do you think the fed makes of the jobs report, it is only the july report, talking about a potential december hike a couple months away, i know wages number is still pretty low. 2. 5 do you think despite that the fed is now embolden, wanting to do a third hike . I think they are. The parliamentary speeches from the fed would suggest they do want to continue the mobilization of policy give us color fresh spin on what intentions are, but i think embolden by the jobs report in line with what theyre expecting, u. S. Economy mixed dat
These people in north philadelphia were like many others. They needed a little push to get out of their parking spots, frozen in place. Were dealing with strong winds today as well. Heres a live look outside our studios. Winds will increase as the day goes on, and we could even see some snow showers later today. Good morning, im vai sikahema. Im tracy davidson. Dont let whatever sun you see fool you. You wont see a lot of snow and ice melting today because of the frigid conditions outside. That heavy ice and wind knocked down trees and power lines across our area. More wind today. About 16,000 homes and businesses are still without electricity. We have Live Team Coverage as crews work to clean up the storm damage and deal with the icy conditions and the bitter cold thats around. Lets go to tim furlong live in wilmington. Reporter were in the wilmington newark line. You look at the sidewalks here. If you come over here and look at the roads, they did a pretty good job plowing the roads