Just how high can the great firewall in china really go . But first, to our top story, the u. S. Government is increasing its scrutiny of big Tech Companies. On top of the department of justice and federal trade commission dividing oversight for possible probes into google, facebook, apple, and amazon, the house judiciary says it will spearhead its own investigation into possible antitrust practices. House lawmakers plan to hold hearings on the matter, a move endorsed by House Majority leader nancy pelosi, who had this warning. Unwarranted, concentrated power in the hands of a few is dangerous to democracy, especially when digital platforms control content. The era of selfregulation is over. Joining me to discuss is our bloomberg tech correspondent. What is the latest Development Today in all of these potential or actual investigations . The only sort of publicly confirmed new investigation is the one you mentioned coming out of congress. The doj and ftc have not even confirmed reporti
Congress. Former special Counsel Robert Mueller is set to appear before two committees of congress. The House Judiciary Committee and the House Intelligence Committee on wednesday, july 17th, at 9 00 a. M. Eastern. Hell testify in open session about his report into russian interference in the 2016 election. Watch live coverage on cspan3 j online at cspan. Org or listen with the free cspan radio app. The house energy and Commerce Sub Committee on health heard from officials from two pharmaceutical trade associations. They testified alongside other policy experts. Good morning, everyone. The Sub Committee on health will now come to order. The chair now recognizes for five minutes for an opening statement. Last week our Sub Committee held a hearing to essentially follow the money in the drug supply chain. We came away with much valuable information, but we also found there are many secrets. Secret decisions about how drugs are priced. Secret deals between Drug Companies and the pbms and s
Because as we kick off the final hour of trade on this mongsd the markets which had been done earlier are starting to go into the plus side here. Dow still down 25 points, s p, though, now up 8 and weve got the nasdaq punching higher by 3 points. So what may be causing this weve got to tack you straight to actually the top of the dow heat map to zero in on intel right there at the very top here. The Semiconductor Company is the leader here gaining 5 and a half on little to no news news simply is the extension of the a. I. Driven rally which looks like a gigantic pulling magnet from thats a record. To taiwan semi, that hitting a record. To and micron and broad dlption and klac, arm is not Holding Record here but other two are but this is a very big movement here on very little news speaking of records after clocking its 15th record gain of the year so far. Any gain for the s p will add another record high right . But at the moment we are up just a fraction or 8 points, earlier it touche
Lyrics sure, what happened to the 58 points of gains for the dow. All gone and markets selling off and sky d dar darkens literallyd figuratively and 216 points for the dow and s p down 34 and nasdaq losing 116. In the midst of the war in the middle east. All three are still kind of barely but still on pace to pin finish up for the week. If the gain that the dow had earlier comes back or a few points, blue chips snap a three week losing streak. We need to show you the interday of the vicks, earlier wall streets value tilty index was down volunteers and dillty was down and volatility was down and remarkably calm and around noon shortly after, it began spiking and up 7. 34 and equity market doing the opposite around the same time and dow was up as much as 58 points and sharp reversal and s p and nasdaq and the dow down 106 points and u turn came as bond yields marched higher on consumer Inflation Report for september and also this headline that came out, the uk is spend royal navy ves ves
Welcome to nbc bay area news at 4 30. Ian cole is looking into the protests for us and what punishment the protesters might face. We are tracking other stories on this monday including a san jose fire captain now on leave, what he allegedly asked a underage girl to do. Also shutting down, the feds are closing the womens prison in dublin. The problem that led to it, and what happens to the prisoners now. Is at the cyber truck or the ev market not being as hot . Scott budman is looking into the layoffs for tesla. Lets go ahead and begin with those protesters blocking traffic in three different spots across the bay area today. So this is part of a nationwide effort on tax day to protest u. S. Tax dollars going towards israel and the war in gaza. Protesters completely halted traffic on the Golden Gate Bridge as well is in oakland, northbound 880 and south bound 880 at the south street on ramp. It started at 6 00 this morning. South bound 880 was the last to be cleared after 1 00 this after