Charles stocks are rising sharply after u. S. Trade representative said some products are being removed from the china tariff list and other products will actually be delayed until december 15th. Here to break down the numbers, from the white house is Edward Lawrence. Reporter charles, a phone call between the two trade delegations this morning set all of that off. The u. S. Trade Representatives Office said, yes there will be 10 tariffs on basically Everything Else the china i am poverty into the United States with the catch, there are a groupings of items, some 21 pages of items will be exempt from that, or delay the tariffs until december 15th. These are items were talking about. Groups like laptops, cell phones, videogame consoles, toys and some clothing. Were also talking about athletic shoes in the clothing. Nike was very concerned about the round of tariffs. So was under armour. The delay gets them through black friday, most of the Holiday Shopping season. President trump still
Redstone cements her status as the most powerful woman in u. S. Media as cbs agrees to join with viacom. Shares of apple and chipmakers sword in tuesday trading after the u. S. Delayed tariffs on certain imports including smartphones as well as laptops. Trump said, is to case they might have an impact on people, what we have done is delay it so they wont be relevant during the Christmas Shopping season. To discuss in washington, the president of the u. S. China business council. Sarah, do we have any idea what the motivation is for the change of heart . Sarah we do know that the news gave a bump to the stock market. We sell retail and Technology Stocks go up today. There have been some declines in share prices in recent weeks. Of course, that is an immediate cheer from the market. What we dont know what was discussed between officials of the china and the u. S. On the phone call. They were waiting on purchases from china on agricultural goods and other promises. Really the continuation
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
In our very risky businesses that could lose money for a long period of time as they go into business. Banks, unfortunately, our not in the business of doing that. We are willing to take that risk. Half of what we invest in, we will lose all of our money. Any bank will not be too excited about that venture. Host where does the original money come from you give to the companies . Scarlet we go out and raise money for my couple of different folks. University endowments are a big source of capital. If you look at Stanford University or yearly university, they have endowments, and that money goes to help subsidize the cost of the university. Large foundations, nonprofit foundations, like the ford foundation, for example. Or these companies are doing is trying to use venture as a way to drive a high rate of return in their portfolio. They are looking for us to generate Something Like 25 or 35 returns for their business. They have a large portfolio that might have stocks and bonds, and this
Host so scott kupor, what does a Venture Capitalist do . Guest so basically what we do is we provide money to companies that are trying to grow and hopefully become very Big Companies like facebook or google or apple someday. If were doing our jobs correctly we are helping them grow the company so we dont work in the businesses but hopefully we can provide introductions, help navigate new challenges as they go through the business. We like to think of ourselves as a money provider and hopefully a supporter. Host why cant a company such as the ones you describe just go to a bank and go through traditional avenues . Guest its a good question. Most of the businesses we invest in our very risky businesses that will lose money for a long time as Investment Business and banks are not in the business of doing that or taking risk of losing their capital. We are willing to take that risk. About half of what we invest in we will lose all our money in. Any bank of you that idea to would not be to