Cspan is brought to you by your local cable and satellite provider. Cspan, your unfiltered view of government. Next a Congressional Panel looks at Online Platforms and impact on entrepreneurship in the u. S. Well hear from google, apple, facebook and amazon officials who talk about ecommerce. This portion of the house judiciary hearing is is an hour and 50 minutes. 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 web was released into the Public Domain to create a Global Communications network. Within a few years, search and browsing services were built onto the software to give people tools to communicate, share and explore information throu
Economy to sink faster and you know so and i thought when he came into office he had some brains. But it turns out he is completely out of his mind so this is the end game of any system i think this is the 1st time weve had a global fia system all fast prior to 971 as weve pointed out many times we had the Gold Standard against gold you could devalue your own currency what we saw in the 1st Great Depression the global Great Depression was a beggar thy neighbor sort of policy so everybody you know reduce their own currency against gold faster and faster to try to beggar thy neighbor were seeing the same thing of course with the u. S. Dollar i think part of the problem is we cant really go negative well see you know. Alan greenspan this past week said the u. S. Dollar can go negative our Treasury Bonds can go negative however will that destroy the u. S. Dollar as a global reserve currency so europe going negative has kind of beggared by neighbor what trump is responding to i think when h
Employees and if you break a company like that up, if you can manage it do it, theres going to be unattended consequences. Tonight at 8 30 p. M. Eastern on cspan2. Next on cspan3, a house judiciary subcommittee on whether Big Tech Companies like google, apple, facebook and amazon engage in anticompetitive practices that hurt smaller online companies. Rhode island congressman David Cicilline chaired the hearing. 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 web was released into the Public Domain to create a Global Communications network. Within a few years, search and browsing services were built onto the software to give people tools to c
I there im max kaiser this is the kaiser report have you checked out kaiser report dot com oh. Yeah its got legs and stuff and everything we talk about thats right stacy yes i kaiser report dot com i put all the headlines the links to the headlines we talk about you know what people always ask me that on the you tube so i thought why not kaiser report dot com and provide the links for people so that they can stop harassing me on twitter thats a good idea so speaking of harassing people on twitter that is basically the job of our commander in chief the president of United States don trump or at least thats what he thinks it is and he harasses people all day long on twitter in the past week he started this week off with harassing jay powell over at the Federal Reserve bank and he tweeted our economy is very strong despite the horrendous lack of vision by jay powell and the fed but the democrats are trying to will the economy to be bad for purposes of the 2020 election very selfish exclam
He says and hands power back to brussels. To braceg warns china for a long struggle. President trump says a trade deal will be far tougher if he is reelected. Shery a quick check of how markets closed in the u. S. After being back from a long holiday weekend. Started firmly in the red. We had brexit concerns and trade tensions as well. The dow and nasdaq lost more than 1 . Tech and industrials leading the declines. The s p 500 showing its first loss in four sessions. We continue to see these concerns, not to mention that u. S. Factory numbers that we got during the morning session, we also saw the worst contraction in about three years. Treasury yields were under pressure. U. S. Futures at the moment not doing much but we have plenty of data coming out on asia as well. Let see how things are shaping up there. Selina that contraction in the u. S. Factory is a reminder of how fragile markets are amid the trade war. The futures market pointing to a mixed and muted market. Dataso saw some