Good afternoon. I welcome you all here today to a hearing entitled protecting americans from covid19 scams. The nation continues to fight the unprecedented Public Health crisis brought on by the covid19 pandemic. It is our absolute . It is clear that resources are necessary for extinction missile crisis. However, during this time of National Emergency and needed recovery, there are scam artists who seek to take advantage of consumers, especially the most vulnerable communities, like that of our nation seniors. Sentinelthe Consumer Network reports that consumers across the u. S. Reported over 136,000 Different Cases of covid related scams, totaling approximately 90 million in total losses from january 1 to july 20, 2020. More specifically, at home in kansas over this same period of time, consumers report over 500 related cases, totaling 800,000 in financial losses. Everyone should also bear in mind that these are only the reported cases. It is fair to assume there are a number of scams
Tomorrow, a big day on capitol hill and a big day for silicon valley. The ceos of facebook, google, willbet, apple, and amazon all be testifying before the house antitrust subcommittee. We will speak to a member of that committee, representative hank johnson, in just a moment. First, we want to look at how markets are moving ahead of those reports. I want to bring in bloombergs kailey leinz, who has been following the market move today. Kailey we really saw the downward move heading right into the close. Antitrust course that Committee Hearing tomorrow as well as a fed decision. There is a lot going on overall leading to a risk off tone, especially for the nasdaq, which ended the day lower. It really was tech among the biggest laggards today. Of the barrel. M 1. 5 ties were actually up to 2 . Bond proxy stocks getting a boost. We are now sitting at 58 basis points on the 10 year yield, within four basis points of the alltime record low we saw back in arch. Does lly emily we are continu
Good afternoon. All here today to a hearing entitled acting americans from covid19 scams protecting americans from covid19 scams. The nation continues to fight the Health Crisis brought on by the covid19 pandemic. In addition to the threat this pandemic poses to americans, the Economic Impact resulting from responsible Public Health protocols have been felt in every corner of the country. It has become clear that preventing practices and dedicated resources including expanding testing capability and the availability of personal protective equipment are absolute necessities to a responsible path forward in extinguishing this Health Crisis. However, during this time of National Emergency and coordinated recovery, there are scam artists that seek to take advantage of consumers, especially the nations most vulnerable communities, like that of our nations seniors. Networks Consumer Reports consumers across the u. S. Reported over 136,000 Different Cases of covid related scams totaling appro
World have dangerous amounts of lead in their blood. Now the heads of some of the worlds biggest tech giants have enjoyed a 5 hour grilling from house members in the u. S. On their Business Practices Facebook Google amazon and apple are all accused of stifling competition and monopolizing the industry its the culmination of a year long investigation by congress detailing how the companys avoid liability under the current boss alan fischer has a story he now is the Ranking Member fittingly the tech giants appeared virtually to face questions the subcommittee chairman making clear he sees a problem their dominance is killing Small Businesses and you factoring in the overall dynamism of the engines of the American Economy their ability to dictate terms call the shots up and entire sectors and inspire fear represent the powers of a private government this was meant to be an inquiry into Business Practices did for Companies Google amazon apple and facebook stifle rivals and kill competition
Monday night at 8 00 eastern on cspan two. Scams thathearing on have surfaced during the coronavirus pandemic. A Senate Congress subcommittee heard from officials on protecting the public, especially the senior population. Good afternoon. All here today to a hearing entitled acting americans from covid19 scams covid19 scams. The nation continues to fight the Health Crisis brought on by the covid19 pandemic. In addition to the threat this pandemic poses to americans, the Economic Impact resulting from responsible Public Health protocols have been felt in every corner of the country. It has become clear that preventing practices and dedicated resources including expanding testing capability and the availability of personal protective equipment are absolute necessities to a responsible path forward in extinguishing this Health Crisis. However, during this time of National Emergency and coordinated recovery, there are scam artists that seek to take advantage of consumers, especially the na