Florida. I recognize the gentleman from north dakota for five minutes. Bezos, my colleagues brought up they were discussing thirdparty sellers this policy specifically noted possible loopholes that allow amazon to review nonpublic and aggregate data to inform private rams even in instances where there are only a few thirdparty sellers. Where exactly does amazon draw the line . Data would bee more than one seller . The person seeing the report would have no way of knowing how rs are inside that group or what the breakdown would be between those sellers. That is different from a list or product ranking which we do make public. Does amazon allow the use of aggregate data to inform private label amazon brands when there only a few sellers for a product . Does amazon look at i could dictate up when there are only two sellers of a product . Yes, sir. Isand my correct amazon conducting an internal investigation on the use of thirdparty data . Are basically trying to understand some of the ane
Industry. They took questions about the use of thirdparty seller data and allegations of anticonservative bias. The subcommittee will come to order. Without objection, the chair is authorized to declare recess at any time. Welcome to todays hearing on marketing power. Amazon, apple, facebook, and google. I would like to remind members we have established a distribution list dedicated to circulating specific motions or other written materials members might want as part of our hearing today. If you would like to submit materials, submit them to the email address distributed to your offices. We will circulate materials as quickly as we can. Thatld also remind members face coverings are required for all meetings in an enclosed space such as Committee Hearings. I expect all members on both sides of the aisle to wear a mask except when you are speaking. I recognize myself for an opening bateman Opening Statement. This committee launched an investigation into Digital Markets to document compe
Seeking benefits in a sign that economic pain of this pandemic is far from over tax according to an analysis but the chamber of commerce in 59 minutes left of trading in the day. The city says the tax could yeah, tiny leg lower. Result in companies wanting to leave the city and, guys, its down 0. 4 . Not just here in San Francisco only two sectors, energy and but also in seattle. Theres a proposal to tax big staples in the green still coming up, Digital Finance businesses to pay for covid19 company sofi landing the number relief back to you. I mean, could it could eight spot on this years disruptive 50 list encourage companies to leave the well spee with anthony noto worst case, of course, is something that is structured this way is it could encourage formerly of twitter, Goldman Sachs, and the nfl about his Companies Companies to companys efforts to take on the get rid of some of the lower big banks. Were looking forward to that paid workers one. First of all, lets focus on the big st
A threeday look at futures, dollarchina. You have sterling on the back foot, relative renewed optimism over brexit and you have dollaryen on offer. On the back of this return into the risk appetite. Donald trump making another comment on top of on top of him saying the talks went well about an hour back, he also said the chinese are very nice. That has driven dollarchina up. U. S. Futures, 29. 50 into the open. Look at the equity markets, the shanghai composite, topix index, decenthave asx session, volumes coming back but not quite to the recent averages. Quickly, look at the bond market. Will talk about a reposition out of sri lanka but that is what you need to know. You haveear yield, japan, australia, the u. S. , and what youve seen in gilts. 13 basis points, secondbiggest in absolute value, biggest jump since referendum in percentage turns, biggest jump on record. We will see if this continues. Are we setting ourselves up for disappointment . Puttinghway to brexit, yield on a stair
Chaos and why the russians now have your face. So lets catch up on todays headlines. Lets kick it off with the trenld that is going viral. Faceapp, the app that lets users see themselves as old people and the reason why your instagram mow looks like tinder only, it it does a crazy good job of showing how you could look if you were old. We tried it on the democratk candidates tand is pretty insane to see, right, this is what kamala would look like when shes old, right . There is what mayor pete would look like, yes, yes, and when we tried it on bernie, the system crashed. But while were all having fun with the latest social media fad it it turns outside faceapp might not be harmless fun. Security concerns over a faceaging app is getting new attention because of celebrities and sports stars, you have probably done it to yourself, it turns out the developer of the app is based in russia and that is raising concerns that private information could fall into the wrong hands. Trevor bravo rus