Hearing that will be taking place at noon eastern time on cspan3, on our website cspan. Org, and you can listen on the go with our free cspan radio app. Committee iswhat holding this hearing and why . Is the House Judiciary Committee antitrust subcommittee. They are holding this hearing because they have been having an investigation of the Digital Markets and Big Tech Companies in the past few years and this is a culmination of that investigation. Host why are they investigating these companies . Guest they are investigating these Big Tech Companies, apple, amazon, google, and facebook, because amongst the democrats and some republicans, these there is a feeling that these companies are too big, take up too much of the economy, gobble up competition by acquiring Smaller Companies, and amazons case by both selling products and being a platform, and in apples case running the app store. They feel that antitrust law has not kept up with what the Digital Economy looks like. Senator Elizabe
Moment or someone will be caught offguard. There will be several rounds of questioning after the Opening Statements. We have seen the testimony of all four of the ceos. There is a similar theme. These ceos are emphasizing that they are facing competition all all on all fronts. Tech is the most Competitive Industry in the world. In every facet of every business they run, they talk about how they face competition. Mark zuckerberg focuses on china saying that if there is too much regulation, that will give Chinese Companies an advantage. The ceo of alphabet talking nott how google does necessitate competition. Tim cook talking about the app store, the opportunity that it has given companies around the world and the fact that the vast majority of apps in the app store are free. Jeff bezos his testimony is different. He talks about a personal story. How his parents invested in amazon in the day. A truerican has american story. This is a first time we will see him testify before congress. He
A lot to get to and discuss, everybody. Right now, though, a quick check on the markets because theyre higher across the board. The bottom right of the screen and come off the highs, the dow above 27,000 for the First Time Since june 10th on an intraday basis. S p 500 less than 5 from its alltime highs up nearly 50 from the march lows. 28 members of that index hitting a new 52week or alltime high and a cramer favorite stock, mccormick. The nasdaq is negative again there is a lot to discuss. Joe, we are off the highs. You can address that but also this the vaccines plural getting all the attention as they should. It only concerns, you know, all of humanity. But did Goldman Sachs numbers have anything to do with the earlier market strength . I think most of the early gains that we witnessed this morning you can credit to the vaccine optimism i do think, brian, that the Strong Performance from financials in the last couple of days, whether it be jpmorgan or a Goldman Sachs this morning, t
To and. Im so much going to its good to have you with us the death toll from the corona virus has now surpassed 2000 the virus has spread to more than 20 countries around the world on 5 continents now more than 74000 people have now been in fact of the vast majority of them are on the mainland in china now outside of china more than 1000 cases have now been confirmed and the biggest cluster of cases has been aboard the cruise ship the diamond princess it has been in quarantine at the japanese port of yokohama for 2 weeks now hundreds of passengers who have tested negative for the virus are leaving the ship and returning to their home countries. Passengers have tested negative for the corona by. Iris a finally allowed to leave the diamond princess questions are now being asked about how the floating quarantine facility became an incubator for disease. An expert on Infectious Disease control was invited on board to inspect the ships response to the outbreak with completely cerdic and som
A rescue ship. Plotting our Digital Future of the European Union on veils a new strategy for regulating Artificial Intelligence that uses including the facial recognition we look at the pros and cons plus. The t. V. 16 how much is it part of 190. 00 a place within walking distance its safe i always go there. Why are so many children working as prostitutes in the colombian city of kut they not do that he goes undercover to find out. Time soon is almost gone but its good to have you with us the death toll from the corona virus has now passed 2000 the virus has spread to more than 20 countries around the world on 5. Cements and more than 74000 people have been infected the vast majority of them on Mainland China now outside of china more than 1000 cases have now been confirmed and the biggest cluster of those cases has been aboard the cruise ship the diamond princess it has been in court here at the japanese port of yokohama for 2 weeks now hundreds of passengers who tested negative for t