As they demurred to the awesome power of the u. S. Congress. They were dismissive of any notion, they of all people would stifle competition or could in any way strangle free speech and crush conservative voices and votes. They claim to be the fartherrest thing from monopolists or oligarchs. They compete not only against one another and viciously but against others. Googles ceo, sundar pichai, claims his Company Faces intense competition, yet somehow, some way, google manages to dominate search traffic, accounting for, are you ready, almost 92 of all searches done online, 92 . That is very close to monopolistic, dont you think . And google also remains the largest digital ad platform by market share. Last year nearly 32 of all Digital Advertising dollars were spent, on google. The company paying a 1. 7 billion fine in march to the European Union where they stood accused of abusing the giant Advertising Market dominance, well, that denial was found to be absurd. All four companies today
After hitting another all time high earlier in the session. The selloff coming as California Governor Gavin Newsom rolling back reopening plans as coronavirus cases spike in the state. Bars, gyms, salons, malls, other businesses ordered to close indoor operations in 30 counties that represents 80 of the states population does this officially put a close on the reopening rally guy . I dont know again, i dont know if this was a rally on the reopening or hopes that there was some vaccine out there or the fact that the fed is back stopping this entire thing, but ill play your reindeer game, mel, and say this was the reopening rally. Im shocked that people are surprised that the reopening is not going as well as a lot of people were indicating it would. So it should put an end to it because on top of that, as we just talked about earlier, or sara and wilf talked about, you had one of the biggest reversals in the market. It looks to me eastererily simio some of the moves in late march when t
Have one today, chipotle, the companies that fell a great deal and made a snap back like tulio where it makes it so you can take your Small Business and take it large, what do these things have in common . They are omni channel for companies that would otherwise fail i think its this is ingenuity quarter. I know there will be people who say its a v quarter, i know there will be people who say its because the fed i think its companies that recognize what was the matter and found ways to make money i found it a very inspiring quarter given the cynicism that were surrounded with and the negativity which is frankly overwhelming for many people so you think that even though the fed has bought, what, 1. 7 trillion in treasuries in four months and even as that pace flattens out were going to continue to get innovation like that i find there is Just Innovation everywhere. I had honeywell on last night, theyre solving the problem of the vials with plastic, there arent enough vials to go around
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The issue of physical separation is important. Masks can help. But it is masks plus physical separation and when we get congregations like we saw with the demonstrations as we have said, myself and other Health Officials that is taking a risk. Unfortunately what we are seeing now is an example of the types of things we were concerned about. I would not be surprised that members of the congregation that were there demonstrating could also be infected and many of them will go back to where they were because not everyone was demonstrating in the city where they live. Theyve come from the outside. It is the kinds of things we are concerned about and unfortunately we are seeing it come true right now. When you are developing vaccines, there is never a guarantee you are going to have a safe and effective vaccine. I am confident about how well the process is continuing and the development of more than one candidate. In the testing in animals and phase one in humans looks promising making me c