Billion on amazon during the lockdown. The stock is up 169 per share. Facebook, another pandemic winner. 2. 4 billion people used facebook or one of its apps every day. That is global clout. The stock is up 16. Now, google, that is the exception to the stock price rally. They reported a firstever decline in quarterly revenue with the economy lockdown, advertisers slowed their spending. That stock is down 16 bucks. Overall, stocks are going up this morning. I see green for the dow, green for the s p and especially a lot of green for the nasdaq, up 111 points. No deal on stimulus. Democrats and republicans negotiated last night. Neither side emerged optimistic. Politico reports that offers were exchanged. The white house wants a fourmonth extension of jobless benefits. The democrats want much longer. Perhaps a deal is still possible. Here comes the hurricane. Look at that cone. Probably not going to be a good beach weather up and down the eastern seaboard this weekend. What does that do
And Melinda Gates foundation, bill gates, for a wideranging interview about the pandemic. The Foundation Contributed almost 350 million to fight covid19 around the world. We also talked about the possibility of microsoft buying tictoc. We are standing by for a news briefing with the president , after secretary of state mike pompeo signaled the u. S. Will try to ban other Chinese Technology beyond tictoc in the name of National Security. I want to get to nick, who ,overs the state Department Secretary of state pompeo signaling the u. S. Would urge apple and google from removing certain chinese apps from their app stores, which would be quite dramatic. Talk about what he is saying. Moment, it looks like what secretary pompeo is doing is issuing guidelines or recommendations, warnings, i guess, where he is telling app apps, these chinese tictoc and we chat, are not safe , and we dont think you should include them in your app stores. He also said, we dont think you should allow your apps t
Get to your thoughts in just a minute. Golda, a Technology Reporter with axios, joining us on the phone to talk about this hearing that will be taking place at noon eastern time on cspan3, on our website cspan. Org, and you can listen on the go with our free cspan radio app. Committee iswhat holding this hearing and why . Is the House Judiciary Committee antitrust subcommittee. They are holding this hearing because they have been having an investigation of the Digital Markets and Big Tech Companies in the past few years and this is a culmination of that investigation. Host why are they investigating these companies . Guest they are investigating these Big Tech Companies, apple, amazon, google, and facebook, because amongst the democrats and some republicans, these there is a feeling that these companies are too big, take up too much of the economy, gobble up competition by acquiring Smaller Companies, and amazons case by both selling products and being a platform, and in apples case ru
Hearing that will be taking place at noon eastern time on cspan3, on our website cspan. Org, and you can listen on the go with our free cspan radio app. Committee iswhat holding this hearing and why . Is the House Judiciary Committee antitrust subcommittee. They are holding this hearing because they have been having an investigation of the Digital Markets and Big Tech Companies in the past few years and this is a culmination of that investigation. Host why are they investigating these companies . Guest they are investigating these Big Tech Companies, apple, amazon, google, and facebook, because amongst the democrats and some republicans, these there is a feeling that these companies are too big, take up too much of the economy, gobble up competition by acquiring Smaller Companies, and amazons case by both selling products and being a platform, and in apples case running the app store. They feel that antitrust law has not kept up with what the Digital Economy looks like. Senator Elizabe
Xis impact is not good. The ceo ofak to siemens this morning. 6 00 in london, 9 00 a. M. In dubai. Theres lots of tentacles of risk that will boil through the day. Australia, new zealand, looking at extradition, but i love the story. You have to give attribution when somebody else finds a great story. It is about goldmans. We need to prepare ourselves for the risks that come over the election. They are talking about the year 2000. I was in a different world. Worried aboutmore secondctions thana whack of the coronavirus. It is interesting. You have got jp morgan saying the s p can hit another record. He says investors are mispricing both the virus risks and the election risks. Couldgan says the impact be neutral or positive. Aboutve goldman talking volatility picking up towards the end of the year. They talk more about december rather than november but it is pertinent for us to talk about it today because we have biden laying out his plans in pennsylvania later. That will bring the elec