Houston, we have a champion. Their shortstop celebrates with a win. Plus here in studio 57, the only Leonardo Da Vinci painting in private hands. Its worth 100 million and its for sale. But we begin this morning with your eye opener, yore world in 90 seconds. The work here is not over. We will not stop until every last detail is uncovered. The president tweeted overnight the attacker should actually get the death penalty. This was an attack on our values. President trump vowing to end the visa program that allowed the terrorist to enter the u. S. We need quick justice and strong justice because what we have right now is a joke and its a laughingstock. Theyre shooting, theyre shooting. In colorado, a deadly shooting at a walmart ten miles north of denver. At this time the suspect remains at large. This morning the republicans are vowing to keep their tax deadline. This is the greatest abomination i have seen in all my years. The cia released a collection of photos and other teals in the
Night live to disencouraging donald trump from hosting the show. His divisive and racist rhetoric has very troubling and realworld consequences. Respect and dignity is cornerstones for our values. Perhaps this blender happened because currently there is no latino cast member on snl and only two in the entire history of snl. I hope the producers will consider how donald trump hosting snl will compromise the intigrity of their show. It will degrade the quality of snl humor because racism is isnt funny. It is lazy and cheap. Coming up, a hearing on sen censoring Online Reviews. And then a hearing on wild fires across the United States. Online Consumer Reviews and the Ways Companies try to censor them. Jan palmer held the hearing who is in trouble for giving a negative review. This is about on hour and 45 minutes. Morning. This hearing comes to order. Today we convene to exam a growing trend affecting consu consumers in the United States. Imagine you purchase something online and the produ
In this particular area you are addressing with the act is a critical one, if that is good to be our goal. It raises three issues today. The first one is economic theory. And the economics behind us, there has long been of human economics that functioning effective functioning of markets depend on information. Received theomists nobel prize in 2001 for their Research Related to what they called asymmetric information. This is exactly what is going on here. When you go to a hotel, you do not know anything about what you see. The hotel knows everything. This is a market with asymmetric information. They won the nobel prize because they shows the markets with that information underperformed what would otherwise be economic welfare for everyone, consumers in the overall economy. In particular, this and other researchers found that markets do not perform effectively, number one, if buyers cannot accurately assess the value before they buy. You go to a whole tell you not know what is going o
You are bound by the fine print that lawyers are good at drafting and the idea that some companies are suing or threatening to sue customers for truthfully reviewing their Consumer Experience because of the despairage clauses in the content in the fine print is appalling. In a state like mine, florida, that is dependented on tourism, we want visitors to their their experience. Dependent businesses that do a good job should be rewarded with good comments and those who do not ought to be punished by telling the truth. They are sharing their opinion with other consumers. I think this hearing is timely, mr. Chairman, because of this issue in your bill brings up also a related issue that needs to be discussed. Just a few weeks ago, the Los Angeles Times reported that fiatchrysler was requiring consumers who wanted to receive on a car, they must in order to get that, sign a mandatory arbstration clause as part of the contract. So if the car is defective and kills or injurs that consumer, as
Expect. It takes tenuous attention. This will fade away if you dont Pay Attention to it. Hice it is a huge task. In the middle of that, you have both safety and the efficiency issue. You mentioned some metrics you are currently implementing. Mr. Ross and mr. Grover, do you believe those metrics are adequate mr. Roth and mr. Grover, you believe those metrics are adequate to provide the safety and security and efficiency we need . I. G. Roth i agree that you get what you measure. It is part of our audit process. 90 days after the completion of our report, we will look back on it in a rigorous, systematic way to determine whether or not these metrics are going to work. Until then, we are going to be skeptical about it, because that is our job, to be skeptical. We will Keep Congress informed as we go forward. Grover time will tell. Our biggest task will be to make sure they put in place a systematic, coherent approach to measuring outcomes that they want to achieve and then monitoring them