Good monday morning. Welcome to squawk alley. I am carl quintanilla, morgan brennan, a brennan. The first story, more than two dozen attorneys general expected to announce antitrust investigation into alphabet. Ylan mui has more from washington reporter good morning, carl. We expect that formal announcement from the steps of the Supreme Court at 2 00 p. M. It is the largest coordinated effort to take on big tech we have seen so far attorney general of texas, ken paxton, a republican, is leading the charge this will be a bipartisan investigation. We have a statement from massachusetts ag maurahealey she said Online Advertising is everyone this will center on three big questions. Has google engaged in behavior that stifles competition, restricts access, harms customers. Were told the investigation will include demand for google to turn over documents related to the advertising business. Hoping to get more specifics on how states will frame their case at the announcement later today. Goog
Lofty goals to combat climate change. We will have details. Based cloudyork software company, data dog sees a pop in shares after the company goes public. We will hear from the ceo. Way launching its first highend smart phone since the Trump Administrations blacklisting. On thursday, the Telecom Giant announced its profounds. They pack a punch, including 5g capabilities, but all eyes are on that software and those huawei phones are running a free and open source version of googles android operating system because the u. S. Blacklist prohibits them from getting the official version from google. That means no Google Play App store to get programs like google maps. To tell us more, bloombergs Consumer Tech reporter, mark gurman. Talk to me about 5g. Huge deal . To be a is going massive deal at the end of next year in the u. S. Around the time the next iphone is going to have it. Right now, youre seeing more and more 5g Networks Coming online a little in the u. S. But mostly in europe and
Be 50 bits rather than 25. 00 and just before the g. D. P. Figure was released finance minister some of them are on announce that 10 Public Sector banks would be collapse into 4 after the mergers there would be a total of 12 Public Sector banks there were as many as 27 Public Sector banks and 2017 and the sector has been dramatically undermined in recent years by a rising tide of bad loans on loss and confidence in the wake of scandalous collapse of Punjab National bank the revelations of fraud in 2018. Turning to another flood the economy argentinas move to renegotiate 101000000000. 00 in debt was briefly labeled as a selective default by the movies Rating Agency in a statement moodys cited the macro administrations failure to sell bonds to finance approaching Debt Repayment payment deadlines and said quote following the continued inability to play a short term paper with private sector Market Participants. Government unilaterally extended the maturity of all short term paper on augus
To knock the argentine peso down by about 2 percent against the dollar falling to 59. 00 against dollars. In the trade war continues to rage on as weve reported in the scuffle and spread to the auto sector now theres a new moves in the auto sector to report and pulling up to catch us up on all busy this and all things automotive is the cars coach lauren fix so lauren 1st lets get right into the tesla news this week china a ministry of industry and Information Technology said on friday that the cars all 16 models sold in china will now be exempted from a 10 percent sales tax in the ministry did not give a reason for this favorite treat men although the founder either musk has been noticeably praised in china and seems to be very committed to selling and investing in that market so is this enough to offset all of those other troubles or at least keep them afloat for a while. While i think its going to help china you have to remember that he didnt 1st announce that hes going to raise pric
Keep them afloat for a while. Well i think its going to help china you have to remember that he didnt 1st announce that hes going to raise prices on all the models its somewhere around 12000. 00 on each vehicle and he was increasing those amounts at the price point in order to compensate for that 10 percent tariff now that hes got the tariff break and hes exempt from it he has not lowered the prices so thats going to be more profit which is what they need i know hes producing as many vehicles as he can as possible shipping them into china as quickly as possible however electric vehicle sales are just not there of the demand for them wasnt what it was and the incentive from the Chinese Government is no longer in place so lets hope that he can sell some of those vehicles and they dont just sit there and lauren following up on we talk about some other sort of failures to execute with specific plans but looking at the core Marketing Strategy for the brand they have sold their cars as kind