The subcommittee will come to order. The chair is authorized to declare recesses at any time. This one on the role of data and privacy in competition. I recognize myself for an opening statement. I should state the obvious, im not the chairman of the subcommittee. The chairman of the subcommittee will be here in a few minutes. Digital technologies have provided americans are a remarkable array of services. It has never been easier to share news and information, to publish content and communicate with loved ones. As with technological revolutions of the past this has up ended the balance of power across our country. Its important to understand how these imbalances are affecting americans. The committees ongoing oversight of competition in Digital Markets is a key part of this process. Todays hearing will examine the role that data plays in creating rolls of power and how this affects competition. As previous hearings have shown, its controlled by a small number of companies. They are pe
This hearing is called to order. I want to thank you for your written testimony and prayer oral testimony and the answers to our questions. I asked that my written Opening Statement be put in the record. On to make a couple of comments about what i want to see the goal of the searing to be. Ive done this in a while but my chairman developed a statement to enhance the Economic Security of america for a more Efficient Government and the reason im pointing out today is i cant think of a hearing where that statement is more of likable. When we talk about 5g we talk about the Economic Opportunity in order to take advantage of that opportunity to avoid those Security Risks, we need more Efficient Government to step up in competing against what is becoming a friendly economic rival but adversary in the many cases on the line on the world stage in china. So, in terms of the definition of its product, im really hoping to be able to lay out a certified definition at lay out some priorities of th
Done this in a while but my chairman developed a statement to enhance the Economic Security of america for a more Efficient Government and the reason im pointing out today is i cant think of a hearing where that statement is more of likable. When we talk about 5g we talk about the Economic Opportunity in order to take advantage of that opportunity to avoid those Security Risks, we need more Efficient Government to step up in competing against what is becoming a friendly economic rival but adversary in the many cases on the line on the world stage in china. So, in terms of the definition of its product, im really hoping to be able to lay out a certified definition at lay out some priorities of things we need to address so that we can focus everyones attention on this. Let me take a stab. This is an unusual opportunity. Its an opportunity moving to 5g which would be trillions of dollars of activity. Its an enormous opportunity with the competition and take advantage of that opportunity a
Without intel. We find out why new user growth and twitter did not transfer into ad sales. We hear from the cfo. Amazon shares plummeting. For the first time in over two years, the Company Reported a decline in quarterly profit. Most notable, amazon issued a a weak this is not bringingforecast. The sales boost investors are hoping for. Was about sales short. To write down all of his numbers, im joined by darren baker to talk about all of these numbers, i am joined by darren decker. You estoril you are still turning a profit. We knew that oneday shipping would bring some cost with it for a couple of quarters. Are spending a lot on content, aws, advertising division. Goingis a spending cycle on that actually makes the next couple of quarters the anxiety would continue from a cost perspective. Where it is paying off, you are seeing an impact on the retail side because of oneday shipping. It will pay off longterm in terms of market share, Revenue Growth. Cost variability is concerned, we c
Risk its friday, and early today starts right now good friday morning. Im phillip mena good to be with you im Frances Rivera we begin with breaking news from california where fastspreading wildfires are forcing people to flee from their homes. Currently family screaming and dozens and dozens of families being told to evacuate. Because the fire has crested the hill here. 50,000 people have been ordered to evacuate there in southern california. Where the tick fire has burned nearly 4,000 acres more than 500 firefighters have been battling the inferno overnight. Officials say about 10,000 structures have been affected. All of the Public Schools in the San Fernando Valley area are closed today, in part, because of the air quality danger caused by the billowing smoke along with that tick fire in the south, fire crews are alsot fire in wine country this fire in Sonoma County has been burning since early yesterday morning. It spread to 60,000 acres and is only 5 contained. For more on both of