Most of the important platforms, theres facebook and facebook messenger, instagram, and really just is a big either. Reporter the report recommends that companies be broken up or restructured into separately run units or face possible legal action. This is the point of a process that likely comes to legal trial and being seen by judges this is not necessarily going to be one case it might very well be that they raise one against apple and against google and amazon independently. The companies reacted strongly, amazon said misguided interventions in the free market would kill off independent retailers and consumers. From google quote americans and we dont Want Congress to break those products for harm the Free Services they use every day. And facebook said quote acquisitions are part of every uinnovate new technologies to e deliver more value to people. Its interesting because this committee is controlled by democrats, what do the republicans on the committee have to say . By and large
Celebrities like lynn arctic caprio and Kim Kardashian. Newly Public Companies newly Public Tech Companies roaring out of the gate. Frog closing j with huge gains and ceos join us. President trump is expected to give a press conference any moment at the white house and we will bring you headlines from that event. News tumbling out by the minute with oracles bid for tiktok. Moments ago bloomberg learned the following about the terms of the deal. That oracle would happen all of tiktoks u. S. User data in this scenario and oversee all of tiktoks u. S. Technical operations. Oracle would be able to check source code to prevent backdoors. Tiktoks u. S. Board would be approved by the u. S. Government and oracle would create, they say, 20,000 new jobs through tiktok operations. Joining us to talk about how it has impacted markets, we have bloombergs sarah ponczek. Lets start with the fed decision and how it rippled across the markets today . Sarah we have a lot of moving parts but when it come
Morning. And the nasdaq is down by 182 points a lot of this is whats happening in europe right now. You dont just look at the oversees market but were going to take our queues from what is happening there. You can see the ftse down by 3. 4 and the other markets are down by more and a lot of this is coming in the last few hours. They could be considering a second lock down as covid cases there have soared theyre back to the levels in may. Theyre concerned about whats happening with the number of cases and the hospitalizations admissions doubling every 8 days theyre now looking at 6,000 cases a day and again theres been some talk of a potential second lock down there now they want to make sure that schools can stay open and that some businesses could stay open but just the threat of that, the potential for the second wave coming is enough to push all of the stocks in europe into the red. If you take a look at whats been happening with travel and leisure stocks they were down by 6 earlier
Commitments. France and russia have stepped up calls for an immediate cease fire between our media and azerbaijan there for a single for the disputed nagornokarabakh region all sides voting to continue fighting i mean here says 2 french journalists have been have been injured in a series shelling while as about jan says a train station was badly damaged in armenian attacks. At least 60 people have been detained in hong kong accused of define a ban on gatherings in kohls online for protests to mark Chinas National Day police blocked off streets and alleys in a major shopping area where previous demonstrations have been held there is a ban on Mass Gatherings because of the pandemic well chief executive carol lam hailed beijing strict security law for bringing peace to the territory. A 2nd woman has died in india after being gang raped in the state of utah pradesh 2 separate cases are reigniting protests about Sexual Violence and countrys caste system both women are from the marginalised
Firmly in the red here nasdaq is up 104 . Up 3 this week alone. Only tuesday coming up on todays show kraft is trading higher. Of they outline two billion in cost cuts and selling off part of the cheese business not all of the cheese business and some confusion as to which cheeses go and which stay. Well find out why the companys president about those moves will join us to discuss whether lack of fresh stimulus can impact and speaking of stimulus, former treasury secretary jack lew will join us and his article calling for more than 2 trillion in government spending. We begin with breaking news on apple. It is much anticipated event unveiling a new number of products we have the latest josh so a lot of news in that 60 minutes of apples show today. Start with the new hardware. That new ipad air. It is going to start at 599 available next month 10. 9 inch display with a huge boost in performance we know the ipad is a hardware line clearly benefitting from that work from home trend apple w