Subcommittee on Information Technology will come to order. Good afternoon. Todays hearing is part of a series of hearings the ig subcommittee has helped to analyze existing laws and regulations that may have become obsolete or need updating to reflect technological advances. We have held hearings on health i. T. Technology, drones, autonomous vehicles, and many other issues. Today, we turn our attention to laws and regulations governing political advertisements. The federal Election Commission oversees Civil Campaign finance disclaimerforces requirements related to federal offices. In addition, the fcc forces onitional disclosure broadcast, satellite, and radio ads. Increasedproposed disclaimers for as placed on platforms. The interplay between these regulatory agencies and how they each apply the law is something the Oversight Committee is uniquely situated to examine, and i hope we can do that today. In many ways, this hearing is another example of the i. T. s subcommittee the i. T.
Good morning welcome to squawk alley. With me here at post nine sara eisen, mike santelli, Carl Quintanilla has the day off. We start with amazon prime day. The annual holiday made by amazon set to kick off tonight at 9 00 p. M. Eastern with deals aimed at rewarding prime members and, of course, recruiting new members to the premium option. Just how important is prime to amazon always tricky to get the numbers. Deadria is at amazon hq with some details good morning, deadria. Good morning. Thats right were in the heart of amazons rapidly expanding campus where employees are getting to work gearing up for the big ta. As you know amazon does not disclose the number of prime subscribers but estimates put it between 65 million and 85 million subscribers in the u. S put that in perspective that would be nearly 70 of all u. S. Households and puts it on pace to become more popular than cable tv that has been very Good Business for amazon a recent study found that prime customers spend nearly d
Holding in there at 16. Generally speaking, if it was down on last week, its up this week and vice versa. Vice versa, like the weather. Problems with tesla in hong kong meantime, millenials still love the stock. A look at why and well bring you the rest of the millenial musthave stock list as well. Plus, binge analyst dick bove says why hes bearish ahead of earnings kickoff favorite time of the season. I do like the anticipation and once it happens then what happens kind of all right. This right now feels like the exciting one got the Big Bank Earnings and big tech, United Health care is going to report. Well learn a lot in the next ten days. And happy amazon prime day coming up tonight. We start with the Amazon Effect hitting shares of best buy on reports that amazon is developing a geek squad competitor Courtney Reagan just back from italy has details for us. Hi there, bill. Go to see you. Amazon has quietly been building teams of Electronics Experts to offer inhome alexa training an
Cheryl in europe a tight trading day this morning. They open but the ftse in cac trading lower. Big publishing deal thats trading lower. Lauren stocks mixed in asia. In shanghai composite down a third of 1 . Cheryl old media versus new media. Newspaper publishers Want Congress they get a fair deal from facebook and google for content. Lauren did you see shares of best buy getting on report that amazon wants to compete with best buys popular geek squad. Cheryl a lot of big news breaking this morning. 5 01 a. M. In new york. Tuesday july 11th, im cheryl casone. Lauren welcome, everybody, im lauren simonetti, this is fbn am, first look at whats looking in todays markets and breaking news. Cheryl a military plane crashed has killed at least 16 people in mississippi. The marine corps refueling tanker went down in a soybean field in rural mississippi yesterday at 4 00 p. M. Eastern time. Governor phil brian saying in a statement, quote, men and women in uniform risk themselves to secure our
We begin this morning with todays eye opener. Your world in 90 seconds. 16 people are dead after a military plane crashed in mississippi. A marine aircraft goes down in a ball of flames. The refuelling plane went down monday night in a soybean field. Witnesses say bodies and wreckage were scattered for miles. The New York Times reported donald trump jr. Was informed in an email that the material was to aid his fathers candidacy. If this is correct the first person that may have found out to try to intervene to help the candidate was the president s son. Authorities in eastern pennsylvania are searching for four men who disappeared over the past week. The bucks County District attorney suspects foul play. Were going to solve this. The fbi say it has arrested a soldier in hawaii for alleged ties to the terrorist group isis. The american soldier offered to provide the terror group with classified military documents. Recordbreaking heat is helping fuel a wave of wildfires in california. A