France relaunch. President macron unveiled his stimulus plan. The focus shifted beyond covid into longerterm problems. Russian tensions rise. Angela merkel says there is proof that an opponent was poisoned as he was tested in germany. And mercedes considers an electric version of its luxury maibach to defend its luxury anna welcome back to bloomberg position. Markets european open. Are just an hour away from 53 minutes into a positive the start of cash equity trading European Equity session. U. S. Futures have pared some in europe. Lets take a look at futures losses as well. That is worth keeping in mind. Right now. They are higher in europe. Lets talk to laura cooper from markets live team, where she is we are looking at gains across the board. Macro strategist. One of the things we will be watching for his initial jobless claims. I am drawn to a piece you have futures are higher. Written about the importance of data or the way that data that we usually see driving markets we see drop
Giant alliance geo were going to discuss that all right its time to boost your views you. Tensions are once again rising in the persian gulf after a brief confrontation at sea between the u. S. And iran now that Close Encounter resulting in president calling for the take down of iranian gunboats quote harassing u. S. Warships arties Rachel Blevins is following the story shes joining us now from the news room with the details on this rachel well manella President Trump is now arming the u. S. Navy with a shoot down and destroy order after a Close Encounter with iran has increased fears of escalation in the persian gulf trump took to twitter wednesday morning writing quote i have instructed the United States navy to shoot down and destroy any and all iranian gunboats if they harass our ships see his warning fall. It was an incident last week in which the us claims a lot of investors from irans revolutionary guard came within just 10 yards of u. S. Navy and coast guard ships in the gulf n
Welcome back ourwitnesses and i now recognize the gentle lady from washington. Thank you mister chairman and thank you all for your very informative testimony. You all touched on this but a common refrain we hear from companies is during the course of this committees investigation but also just on my own i have many of them in my district is that they cant possibly be violating antitrust laws and the primary argument is that its because many other products either cheap or free and therefore consumers are inherently benefiting. You all have indifferent ways talk about this. To me the big question of course is is free really free . Consumers i think its increasingly clear are paying for the products that they use read theyre paying in data, theyre paying in privacy and often dont know theyre giving up and of course the Big Tech Companies use that data to build these massive empires of information about consumers then give them spectacular advantage over newcomer businesses, allow these c
What is he proposing, and what do you think . Patrick a lot of the principles of this regulatory policy come from the 20th century and even the 19th century. We are talking about overly prescriptive government regulation managing the minutia of the policies of technology companies. He is talking about very prescriptive regulations in terms of how these Companies Use data. There are good things about the policy, i would say, things like reempowering congress through the office of technology analysis. So there are good parts of the proposal in terms of wanting to create more education, more knowledge, out of the companys work and how the digital economies work. But there are also things in this plan that resemble what we see in a lot of plans coming from both sides of the aisle. I would say this plan shares a lot of similarities with things proposed by senator josh hawley and other senators in terms of regulating how you interact with platforms, the amount of time you spend on the platfo
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