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
Lows. Almost 2 3 of the indices loss is boeing. S p 500, nasdaq ening in the red yesterday after hitting record highs. Connell a little bit of a pullback. We look at big names we brought you after the bell are closing out today. Tesla plummeting following big quarterly loss. The stock is down more than 13 1 2 . Lauren look at ford down 8 . Disappointing earnings results. Facebook erasing earlier gains despite a earnings beat. We told you yesterday a rise in daily active users. Connell at the white house the president holding an event celebrating the Administration Commitment to help American Workers. Well bring you headlines at this hour as well. Lauren were waiting with bait the brett with latest earnings from amazon and parent alphabet. Todays panel, adam lashinsky, Fortune Magazine editor. Youre alphabet spouse. Which means your wife works at google. That is exactly right. Lauren hitha herzog, chief research officer. Thanks for joining us, as we await on the results start with you.
Heading higher in asia. Here at home, war of words. President trump seeming critics after several lawmakers accused the commanderinchief of using an expletive was trying to make a deal over daca. Im not a racist. I am the least racist person youve ever interviewed. Dagen the president under fire with dick durbin insisting mr. Trump made those comments. One republican has come to good president s defense was david perdue saying President Trump did not use the word calling the claims a gross misrepresentation. President trump says democrats dont want a daca deal ahead. Sounding the alarm, the worker in hawaii who accidentally sent a missile alert message will be reassigned. News comes as the government says it will review the Emergency Alert system with chaos for more than 1 Million People. History hitting the road again. What automakers are hoping a blast from the past can help see how. And thats a chevy blazer. It is a miracle in minnesota. The highlights of the vikings stunned the sce