Pushing shares of the Company Higher on friday. We bring you our conversation with the ceo, bob swan. But first to our top story. After years of critics piling on facebook, blaming it for altering the news industry, the social network is trying to make nice. On friday, facebook launched its news tab. It will feature articles chosen partly by employees and the company says it will be free from editorial guidance from facebook. There are more than 200 publishers on board. Some, being paid more than 1 million for their involvement. Speaking in new york, Mark Zuckerberg outlined another way for news organizations to make money. You can run your own ads and get 100 of the revenue or you can use our ad network, which we have a lot of engineers and people trying to build a really advanced technology for this and there, we give the vast majority of the revenue to the publisher, but what we have really unlocked here is a Business Model where it makes sense for both parties. Taylor the Senior Vi
Hes confident of a positive outcome in Coalition Talks he says hes prepared to enter into new government if the terms are right. I want to give a government to this country, but not at all costs. If another is formed, we must not approximate these issues. Germanys far right makes sweeping gains in two Regional Elections a blow to the countrys ruling grand coalition. Want to just bring you some eurozone final manufacturing pmis coming in at 47. 0 thats in line with the earlier estimate we had of 47 thats against the july final number of 46. 5 in terms of the output number, 47. 9, thats slightly higher than the preliminary estimate 47. 8 against the july number of 46. 9 dont forget, this is the seventh consecutive shrinkage in factory activity for the eurozone we have seen output continuing to fall not quite as drastically but jobs dont remember those cuts showing up for the fourth month running. Indeed, manufacturing still showing signs of weakness in europe as confirmed by the final pm
Marketplace. To help us discuss that this , wethe communicators have two guest. David chavern of the News Media Alliance which represents spapers, and matthew which represents technology and communications firms. When someone goes to a social media site and access news and information and perhaps a news site, is that a boon or a bust to traditional legacy news sites . It is definitely a boon. These Services Provide an extraordinary amount of traffic to traditional news media publishers in the context of a variety of other services. Internet users go to these services not just for news content but also to learn, to get answers, to engage with friends and families, to engage in communications but one service is accessed in his content. Happens, is publishers on the receiving end get extraordinary benefit. These services send upwards of 10 billion users a month to news publisher sites which those sites can then monetize either through their own services or through at networks. Pete if i w
America are piling on mountains of debt. What happens when its time for companies to pay the piper well get some answers on this tuesday, june 11th as Worldwide Exchange begins right now im back hi, from wherever youre watching im Brian Sullivan. Thank you for joining us on this tuesday. It could be a lucky seven for stocks theres a lot of green on the screen, and we can use i another rainy day in new york. Either get another cup of coffee or go back to bed. Dow futures are jurnd under 100. The dow on a sexday win streak. Of course, if we keep this up, it could make it a sevenday the bond yields are ticking up higher the benchmark tenure yield at 2. 16 . Also watch oil Oil Beginning to creep a little bit higher as well were up just under a percent. Also a big night overseas. Not as much in japan the nikkei in japan did rise 3. 1 look at the shanghai come possib posit. And the European Markets like our futures, like asia, a lot of green on that screen as we talked about, germany startin
The chair is authorized to declare recesses of the committee at any time. We welcome everyone to our first hearing on Online Platforms and market power, focusing on the free and Diverse Press. I now recognize myself for an Opening Statement. In recent years, there has been a cascade of competition problems on the internet. Concentration in the Digital Marketing has pushed for journalism to the verge of extension. The acquisitions, growing innovation kills him, and high Network Effects and switching costs, appear to undermine entrepreneurship and startup rates. The sheer dominance of some platforms has resulted in the worst products, significantly less choice, leaving people without a competitive alternative to services that harvest the data, manipulative behavior to monetize her attention. Response to these trends, the committee will commit conduct a bipartisan the purpose of this investigation is to document anticompetitive combat conduct online. Examine and and assess whether the com