I want to thank Ranking Member klobuchar and her staff for working closely with me and my office as we prepared for today and i also want to thank our chairman, the chairman of the full Senate Judiciary committee, senator graham, for his support of this hearing. After i and then senator klobuchar giving our opening remarks, well hear from two panels of witnesses with questions from members of the subcommittee. We have Something Interesting to deal with in the senate and every time they call votes, when they call votes during a subcommittee hearing, were at their mercy. Senator klobuchar and i have both cast our votes on the first of a series of three or four. At some point, were going to have to pause or tag team as we allow other members to sit in for us, just dont be eisenhower sitting on a stone block in the direction of the greatest accomplishments the president of the United States and Supreme Commander of the forces him. Greg on welcome to todays hearing with the policy and Consu
Sensitive personal information on u. S. Persons which is accessible to tense and stored in data centers in china and canada well joining us now to continue for us cohosts ben swan and Christine Christie just earlier this week on wednesday the trumpet ministration claim that users who use or download reach out to convey personal or Business Information will actually not be subject to penalties under this new trumped up executive order banning transactions with 10 cent is this a reversal for the administration. Urns are weighing on the market but the prospect of a u. S. Relief package brought some gains on friday metals automotive i t and financial lead losses ending the week and we see our 1st green arrow in australia where the country eased some one bigger roles for banks to help stimulate the economy some of the countrys top thing saw gains of 5 to 6 percent on friday alone the all shares in south africa is just barely in the red for the week the biggest loser on friday was naspers do
It or go bankrupt. If you want to invest in airlines, im not with you but there is a trade prospect. There is every possibility this is the time to take the road less travels thats the point of this particular segment right now lets look at a few tables and charts we know this was the hardest hit area of the market you can see the decline in the s p, down 35 , restaurants down 45, airlines down 70 and hotels and cruise ships down 73 its the epicenter of the pandemic the issue is that despite all that, we really havent gotten there since march. Thats an important circumstance look at slide two. Heres the etf in question rather than taking the idiosyncratic risk to put American Airlines or delta or southwest, heres jets its the Global Airline industry in fact, its 39 stocks. Its not just u. S. Carriers. A total of 1. 5 trillion in market cap take a look at the first of two charts here is the plunge, of course. After bottoming in march with all equities, you get a nice ricochet and unlike
People doubt them more and more there is every possibility this is a time to take the road less traveled thats the point of this particular segment right now lets look at a few tables and charts so, what do we know . This was the hardest hit area of the market the peak to trough decline in the s p, 35 restaurants down 45 airlines down 70 and then hotels, which also includes cruise ships, down 73 its the epicenter of the pandemic the issue is that despite all that, we really havent gotten worse since march. And thats an important circumstance look at slide two. Heres the etf in question rather than taking the idiosyncratic risk to pick American Airlines or delta or swefrkts theres an etf, its jets its the Global Airline industry in fact, its 39 stocks. Its not just u. S. Carriers. A total of 1. 5 trillion in market cap take a look at the first of two charts here is the plunge, of course. After bottoming in march with all equities, you get a nice ricochet and unlike the market, the Airli
Our chairman, the chairman of the full Senate Judiciary committee, senator graham, for his support of this hearing. After i and then senator klobuchar giving our opening remarks, well hear from two panels of witnesses with questions from members of the subcommittee. We have Something Interesting to deal with in the senate and every time they call votes, when they call votes during a subcommittee hearing, were at their mercy. Senator klobuchar and i have both cast our votes on the first of a series of three or four. At some point, were going to have to pause or tag team as we allow other members to sit in for us, just dont be alarmed if that happens. The focus of todays hearing is googles Online Advertising business. Whether its a monopolyist and whether it might have engaged in any conduct that harms competition and harms consumers. But before we go into that, i want to say just a few things about antitrust policy more broadly. Ive been a member of the subcommittee ever since 2011 when