Thank you all for coming. It up for a brief time of question and answer and i will stay around afterwards and try to help you the best that i can. Thank you all for being here. The remarkable day. I never thought i would be standing in front of cameras in front of the court. Thank you for being here. I want to thank my fellow ags. We have 50 attorney generals from across the nation involved in this investigation. I cannot tell you how much i appreciate their support and their interest in a really important issue for our economy. What we have all learned is that while many consumers believe the internet is free, we know from google products that the internet is not free. It is a company that dominates all aspects of advertising on the internet and searching on the internet. They dominate the buyer side, the auction site, even the video side. Is not astigation lawsuit. It is an investigation to determine the fact. We are looking at advertising. The facts lead where the facts lead. Even a
Amazon, the latest in the eu cross hairs, facing a probe over possible anticompetitive Business Practices. Plus, ralph lauren and le le strauss in the red, both downgraded to sell at Goldman Sachs. And a tariff fueled strategy shift. Apple reportedly set to begin trial production of air pods outside of china and into vietnam. Another case of big tech under International Scrutiny amazon facing a formal eu antitrust investigation into its dealings with third party merchants. European competition commissioner margaret says based on the commissions preliminary fact finding, amazon appears to use competitively Sensitive Information about marketplace sellers, products and transactions on the marketplace and response amazon issued a statement saying, quote, we will cooperate fully with the European Commission and continue working hard to support businesses of all size and help them grow. This is the last thing some of these companies i would point out that they just brought an agreement with
Link, hightower chief investment strategy, cnbc contributor and pretty good golf im told. Hmm not so much. Good to have you on how do you review inflation data and did it change any of your expectations about race, the fed, the markets and it didnt change my thoughts. We are making progress, though, brian, on the numbers. Right . Look at, say, cpi, 4. 7 year over year, 6. 6 at peak. Making progress. The problem, rents are still sticky, 99 of cpi shelter. And increased. 5 from. 4 number is getting to 2 where the fed wants get to to for cpi. A long ways off. Then look at, by the way, you follow energy really close right . Look at ppi numbers today. Acceleration month over month in headline number. Nots even including the 24 gain in Energy Prices from the june lows i think next month, next couple of months, youll see elevated ppi numbers. Then add in the economy, which is a real bright spot. Nobody thought we would see gdp accelerate each quarter this year everyone said beginning of the y
There. Retirement night 602 million , the headlines coming out fast and we will bring you some of the figures as soon as we get them. Erik wells fargo is one of the more consistent performers on wall street, beating earnings per share would be the seventh time in the seventh quarter. They are managing analyst expectations. The big issue for wells fargo is about the Net Interest Margin. The Net Interest Margin is almost 3 . Wells fargo among the biggest banks with the very best Net Interest Margin. The difference affects the Interest Rates between the Interest Rate at which you lend and borrow. And it was of the vacation but more or less what it works out to. And the second bank of the day jpmorgan being the first where we see an increase in the interest margin. Youre heading toward that fed rate hike whenever that happens and that will be good for banks but this gives us an indication that it seems that the banks of a slight bit more Pricing Power as we head toward the rate hike. Matt
Glasses and bosler no sign q Public Policy address in madrid thank you so lets get more on this not from the full mccaslin m. E. P. Full nerve and in spite of dusty god god on us welcome to day w you were once forecasts on independence but during these debates and the process the referendum of use of change sides where are you now. No no no no this is very important to make it clear ive never changed sides have never been for independence and the party was not for the better is the party that has changed so i am exactly where i was in my twenty years in politics and when i was elected for the first time or just for a strong autonomy a strong personality of catalan it within spain in solidarity with the rest of the peoples of spain within the European Union and absolutely against any kind of nineteen cent three or thirteenth century depending who you ask about independence so lets make it clear im not sure about he made a story about it ever since i was misinformed lets talk about those