The doj alleging the Live Entertainment Conglomerate Monopolized markets and boxed out rival companies. There you see at the Department Of Justice, the podium is set up. These companies, the Department Of Justice is alleging, unfairly have resulted in higher prices for consumers. 30 state and District Attorney generals are joining in the lawsuit. Dominic chu, good morning. What exactly the basics . What does livenation doo, how do they they make their money and what is the government accusing them of . This is a suit highly anticipated for quite some time now and hit a fevered pitch, got a lot more traction a couple of years ago when livenation took a lot of the heat for the botched handling of ticket sales for taylor swifts concert tour at the time. That whole ordeal of dropped sales, long lines and reportedly outrageous prices eventually led to even a congressional hearing on what exactly happened. Now, today, the Justice Department made it official, earlier just this past half hour
Good thursday morning. Welcome to squawk alley. Joining us this morning from one market in San Francisco is the former ceo of twitter. Currently the siceo of fitness startup core startup chorus. Good morning. Well talk markets. Im a one word person this morning. Yeah. This is going to be a very long interview, i can tell. Lets begin with the markets dow is down 22 despite the early trade. Tech remains on a terror the nasdaq aiming for ten Straight Days of gains, touching another all time high today. S p 500 index broke the nearly two decade old record closing above the dotcom bubble you have to go back to march 27th of 20000, dick. I know you had attention on valuations within specific sectors of tech. What is your take on these levels are they important i think the interesting things that happening in tech right now is in Public Sector is that youve got this real separation that the hyper Scale Companies, facebook, amazon, apple, google, are getting from everybody else if you juxtapos
Exchange on cnbc. Im wilfred frost. Im seema mody. Great to be with you on this august morning lets check in on global markets. Yesterday we did have some risk aversion in the marketplace because of these elevated war of words between north korea and the United States of america but we came off the session lows and in the end the decline in equities wasnt too pronounced down about 0. 3 for the nasdaq 0. 2 for the dow and the s p was flat as for the risk aversion, utilities often a safe haven sector was the worst performing sector down 0. 5 but it is true to say there were safe haven trades which well talk about when we get to the currency markets and the bond markets. This morning were called lower again. Down about 32 points for the dow. Again, a muted negative reaction to the ongoing tensions in north korea overnight. Lets have a look at what its done to asian trade which is a little bit more pronounced to the negative side. Hong kong in particular down over 1 . But elsewhere, you ha
This point the nikkei ended flat. Hang seng was off just over 1 shanghai composite down as well. And in europe youre going to see at this point it looks like things are also in the red there. The ftse is the biggest decliner down by just over 1 you can see the dax down by 0. 75 if you want to check out crude oil prices, at this point youll see crude oil is up 36 cents 49. 92 facebook it is making a big bet on video. The social media site launching what its calling watch. Redesigned version of its video platform its going to be rolling out to facebook users over the next couple of weeks. It will include a mix of original content as well as live sports recommendations of what to watch will be personalized based on your interests and what your friends are talking about. This is facebooks latest push for tv ad dollars. Mark zuckerberg said video will be the largest driver over the next two to three years. A big push some people wont get it if youre on facebook now and go to look for it tod
I cant imagine what the mother is going through now. Diane saw the boys mother standing outside the house. Screaming all night. Hearing her crying his name was tough. We have not spoken with her or heard from or seen any member of the family today. The home does appear to be a total loss. Broken windows throughout the home in the front and the back. Coming up at 6 00, we tell you about the efforts that the Fairfax County fire officials are doing in this neighborhood to try to ensure Something Like this does not happen again. Live in lorton, Jeff Goldberg, abc7 news. Larry so sad. We pray for the families. Anytime now the white house expected to roll back protection for transgender students put in place by the obama administration. It would allow them to use the bathroom and corresponding to the gender identity. The president made it clear he is a believer in the state rights and certain issues like this are not dealt with at the federal level. The Gloucester County school board is defe