Columbia law school, an expert on antitrust, copyright and Communications Law and a contributing opinion writer for the New York Times, including the master switch in the curse of bigness. Professor wu has twice been part of the politico list of 50 individuals transforming american politics and was named to the American Academy of arts and sciences in 2017. He received his bachelors of science from mcgill university. Fiona scott morton, a professor at the University School of management. Nationally recognized as a leading scholar and published articles in leading economic journals. From 2011 to 2012 she served as Deputy Assistant attorney general at the United States department of justice where she helped enforce the nations antitrust laws. The third witness on our panel is stacy mitchell, codirector of the institute for local self reliance. She spent years working with policymakers and grassroots organizations to help develop city, state, and federal policies to strengthen independent
The Group Reiterates it fouryear guide answer despite higher cost from the continued grounding of the boeing 373 max. And hong kong has another day of protests at the airport carrie lamm warns the city is on a path of no return. Good morning its been a risk heavy 24 hours for equity markets you can see behind me in europe theres a lot of red on the screen but let me take you back to the price action in wall street yesterday the majors closed near the lose of the day. Dow, s. A. P. , nasdaq closing below. Respectively down 1. 5 , 1. 2 you can see the redness in negativity is picking up and that continued into the Asian Session overnight. There are a couple things that the market is dealing with here. Number one, growth concerns. At no end in site to the trade narrative between china and the u. S. But yesterday we had an additional element to think about. That was the temporary shutdown of hong kong airport that sent shockwaves throughout the region and into the european session as well
The subcommittee will come to order. I again want to apologize to our witnesses. This is historic action on the house floor that has taken a number of Committee Members away from the committee. But i would like to get started. Our second panel of witnesses, the first witness on our second panel is timothy wu, the julius silver professor of law at columbia law school, an expert on antitrust, copyright and Communications Law and a contributing opinion writer for the New York Times, including the master switch in the curse of bigness. Professor wu has twice been part of the politico list of 50 individuals transforming american politics and was named to the American Academy of arts and sciences in 2017. He received his bachelors of science from mcgill university. Fiona scott morton, a professor at the University School of management. Nationally recognized as a leading scholar and published articles in leading economic journals. From 2011 to 2012 she served as Deputy Assistant attorney gene
Good afternoon. The subcommittee will come to order. Without objection the chair is authorized to declare recesses of the committee at any time. We welcome everyone to the second of our series of hearings investigating competition in the Digital Markets. This one on innovation and entrepreneurship. I now recognize myself for an opening statement. 30 years ago the First Software for the worldwide member was released into the Public Domain to create a Global Communications network. Within a few years, search and browsing services were built onto this software to give people tools to communicate, share, and explore information through decentralized platform that was designed to be open and nondiscriminatory. An internet pioneer and codesigner of the internets early architecture testified in 2006 on behalf of google that the overarches principle of the open internet was no central gatekeeper should exert control over the internet. As he noted this open and competitive environment meant ent
Work and make you feel like a dope for parking in an index fund because they perform better than the s p 500 on a fabulous day where the dow roared 177 points, still one more story about facetoface trade talks in china you know what this reminds me of not the 2000s where stocks were blew up. Not the past decade but we rallied steady not everyone the runup to the. Com apocalypse in 1998 and 99. No aside from the sign that trade tensions may settle town todays move was reminiscing of the beginning of the great bull market, thats right, of the 1980s. The first huge bull market we had the same winners now as back then to a post industrial economy and big deal for merck to surpass ford or gm in size. This morning we heard from a classic Consumer Goods Company that struggled Kimberly Clark blew up the numbers. 5 growth. Thats extraordinary and not the most impressive part what matters to me were the gains in the emerging markets. Listen to what the ceo michael sue had to say on the Conferenc