A weaker u. S. Dollar as well. 105. 38 to the japanese yen. Gold back about 2000. 003. 35 an ounce right now. Walmart benefiting from online orders but store traffic was hampered by the coronavirus. The companies cfo said comp sales growth slowed last month as the government relief waned. Lets bring in Morgan Stanleys Simeon Gutman. How did the Company Managed to get margins around 42 . Comp. they had a 9 rising tides lifts all boats, but they had gross margin in the u. S. Swing from down to 200 basis points to up this quarter. The primary driver is the mix of food and consumables, which tends to be lower margin, was mother in percentage, and a big shift toward general merchandise. A nice swing in gross profit to hire to cover those higher costs of operating, but the results were better sales and gross margins, allowed them to generate that growth. Vonnie walmart was only really getting going in the last couple of quarters. Did the digital improvements help out this quarter . What does
Florida. I recognize the gentleman from north dakota for five minutes. Bezos, my colleagues brought up they were discussing thirdparty sellers this policy specifically noted possible loopholes that allow amazon to review nonpublic and aggregate data to inform private rams even in instances where there are only a few thirdparty sellers. Where exactly does amazon draw the line . Data would bee more than one seller . The person seeing the report would have no way of knowing how rs are inside that group or what the breakdown would be between those sellers. That is different from a list or product ranking which we do make public. Does amazon allow the use of aggregate data to inform private label amazon brands when there only a few sellers for a product . Does amazon look at i could dictate up when there are only two sellers of a product . Yes, sir. Isand my correct amazon conducting an internal investigation on the use of thirdparty data . Are basically trying to understand some of the ane
Industry. They took questions about the use of thirdparty seller data and allegations of anticonservative bias. The subcommittee will come to order. Without objection, the chair is authorized to declare recess at any time. Welcome to todays hearing on marketing power. Amazon, apple, facebook, and google. I would like to remind members we have established a distribution list dedicated to circulating specific motions or other written materials members might want as part of our hearing today. If you would like to submit materials, submit them to the email address distributed to your offices. We will circulate materials as quickly as we can. Thatld also remind members face coverings are required for all meetings in an enclosed space such as Committee Hearings. I expect all members on both sides of the aisle to wear a mask except when you are speaking. I recognize myself for an opening bateman Opening Statement. This committee launched an investigation into Digital Markets to document compe
As a public service. Brought to you today by your television provider. Now on the communicators we want to introduce you to sarah miller. She is the executive director of a group called the American Economic liberties project. Which is what . Sarah we are an organization based here in washington that is focused on what we see is a crisis, a concentrated economic power in the country. Essentially monopolies and Financial Institutions that facilitate that monopolization across the economy. That is what we are focused on. We have concerns about the power of Big Technology platforms. In general, we think a lot of the economic and social problems that we are experiencing today can trace back or be exacerbated by these a outside levels of corporate power. Host how did you come to that view . Sarah we looked around at the world, essentially. If you look at market structure, you will find whether it is large markets like media, telecom, health care, online , watch components, software, you hav
Think other countries are better than their own people in new york. Because were a generation thats pretty educated so we have a lot information resources that we will tap into to come to these conclusions theres just been a negative just negative. To us and. Its not like the was. Just. This morning welcome to the program. Major shakeup in russian politics has been set in motion to be Prime Minister and cabinet for the government resigned on wednesday that was in response to Vladimir Putin suggesting amendments to the constitution effectively diminishing the president s powers while those of parliament. Explains more about the landmark moves. This led to boom and powers the office of president the media accuses of it seizing more power more control over russia but when putin gives up that power and hands it over at the parliament at his own expense it is also because he seizing more control over russia 1st to discover this syndrome i name it paranoid putin a friend here and theres a re