Apple were virtually on capitol hill for hearing on big tech and at the trust. Thats our discussion this week on the communicators. Joining us is cerebellar who is with the American Economic liberties project. Shes the executive director, and former congresswoman Barbara Comstock two is now a Senior Advisor at Baker Donelson. Sarah miller, the question i always ask quite a bit at the hearing was his big tech too big . What is your answer to that . Guest i think the obvious answer to that is absolutely. The members of the subcommittee, both democrats and republicans really focused in on the power of these corporations over the way that we communicate and the way that we engage in commerce. That was the dominant theme of this hearing, and he also got into the guts of how these businesses work, how they abuse their dominance, i think gauge and predatory behavior and just how they are hurting other businesses, small, medium sized businesses and everyday families. Families. It was really qu
Go from tech giants to taxi giants air travel slowly comes back the its a administrator will be here and the billionaire tilman. Hell tell us how the economy could get worse before it gets better welcome, everybody power lunch starts right now money cant coming out of the bond market. Those yields remaining pretty low. Rick has the bond picture. Well go to him on that. Bob has more on this market. The important thing is were at new highs intraday bp well see if we close there. We have our old Friend Technology stocks pushing the market forward tech, Consumer Discretionary but thats largely because of amazon and maybe sochl the ame of the s people the s p is going to have a hard time going down big. Kohls down. Gap down you see these declines this is not about the second quarter. This is about comments being made about whats going on in the third quarter. Look at walmart ceo. He said consumers are spending money but not at the pace they were in the middle of the quarter. Its off to a sl
They have been serving about 35 of our landmass across the country. Could you name some of those companies to help us get familiar . Absolutely. We could go all the way to western south dakota, not rushmore. We could go to citizens on the mississippi river, up to wisconsin where i have telephone cooperatives. And even here in my state of virginia. We have scott county in the very tip of the state, serving the tristate area. But i have 850 of them. When you talk about landmass, you are talking about landmass and not necessarily population. Absolutely. You hit a key part of this. Is about 5 of the american population, but they are truly the providers in the most extreme and rural parts of the country. Everywhere from alaska to the panhandle of florida, so they stretch all across. I have everybody from somebody who has about 150 subscribers to probably my Largest Company that has just about 100,000 subscribers. They are serving those areas that the companies chose years ago to not provide
Previous peak on february 19th and all i heard is its because were having a v shaped recovery wrong, wrong, wrong. Not just wrong but laughable in a v shaped recovery the Dow Jones Industrial average would be hitting highs but this move is led by the nasdaq and s p including today the dow lost 67 points as the s p advanced 2. 3 , the nasdaq gained 7. 3 you dont need to be a Rocket Scientist to figure this out look at the stocks that have brought us to these levels they are not the recovery plays. In fact, they are the opposite they are stocks that tend to do well because of what we call secular considerations, not secular like nonreligious but secular as in they are doing well because of trends in their own industries, not the economy. Far from it. Allow me to explain. We had a magnificent v shaped recovery in the stock market, but the stock market is not a great reflection of the voter economy anymore. If anything, the actual economy is in precarious shape now that the government stim
Project. She is the executive director there. And former congresswoman barbara comstock, who is now a Senior Advisor at bagel donelson at baker donelson. Big . G tech too what is your answer to that . I think the obvious answer to that is absolutely. ,he members of the subcommittee both the democrats and a number of republicans, really focused in on the power of the separations and the way we communicate and the way we engage. That was a dominant theme of this hearing, and also got into the guts of how these businesses work, how they abuse their dominance, how they engage in predatory behavior, and other affecting everyday families. It was really quite a remarkable hearing. And we saw this just a couple of Mark Zuckerberg, they really had no idea how the corporations work. So this was a pretty remarkable and the Ongoing Investigation into monopoly power in general but especially as relates to this. Congresswoman comstock . Barbara the gallup has an 18 Approval Rating. Story. American s