Ceo jack dorsey does what Facebooks Zuckerberg would not. Twitter is banning political ads of all types. We have details. Tesla owners talk. Bloomberg conducts the biggest survey of tesla drivers today. To date. 5000, in fact. What they have to say about what elon musk is doing right and wrong. Now, this week was dominated by tech earnings. Apple beat across the board wednesday, topping estimates for both last Quarter Results and next quarters forecast. This all despite sputtering iphone sales. Highlights included sales and profits that topped analyst projections. Services revenue also reached a record high. The ceo announced apple will launch a no interest iphone payments on the apple card, adding that the apple card is the most successful launch for a credit card in the u. S. Ever. I got insight from forrester analyst julie ask. Gan. From lee droge an we have been seeing upward revisions to basically all of the numbers throughout the quarter so it is not a surprise that the stock had
Major averages muted after the rally that closed last week. Dow and s p breaking a three week losing streak nasdaq best week in a month. Tech stocks are part of the story. Where are the buying opportunities . Christina hooper joins us with larry glazer good morning to you both good to see you. Do you think anything fundamentally changed as a result of the talks . No, but i think markets got ahead of themselves. I mean, lets think of it not as phase one, but phase 0. 5 the u. S. Thinks they made an agreement, china doesnt necessarily believe the same stocks got a little ahead of themselves, but there are always opportunities to find tech gems out there. Where are they . At least, what leads you to them in this environment now . Well, i advocated that chinese took looks very attractive, that has been beaten down since the u. S. china trade wars began seen small recoveries, but there are a lot of opportunities in chinese tech. Why do you think the administration is trumpeting partial deal
Kyle andeer. Pint rest spotify lyft uber. The algorithms are opt newsed to predict what customers want to buy regardless of the seller. We equalize the taim same criteria. With respect to popularity, we provide the ranking of each product. I just want to give you an example of an entrepreneurial sells on sales source, great for her, great for amazon, more people become amazon prime customers, sensing her success. The next thing that happens is they discover amazon rolled out a direct replica and gives itself top billing, which turns people to page 3 results which no one would see, how would any entrepreneur invest from that environment with i that can happen, which there is no assurance that it wont . Our incentive is to see the client succeed. If we do that, we do not use their individual data when we are making digs to launch private brands. Thank you. Now turning to Google Search for a moment, mr. Cohen, similar results in amazon, every day people thinking they are getting the best,
It was up 517 point early in the session. Im melissa francis. Connell he always say happy friday. Im connell mcshane. Both s p 500 and dow ending up more than 1 . Look at apple. It is in record territory for the first time this year, 236. 21. President trumps meeting going on with chinas vice premier at oval office. Once that wraps, well bring any comment from that. Maybe additional comment from the president as he leaves the white house. Were all over it. Fox Business Team coverage. Deirdre bolton at the white house. Grady trimble on the ground in chicago. Deirdre, youre where all the action is. Reporter exciting here. Tons of correspondent running in and out as you can imagine. I want to highlight the question of vocabularily. We heard President Trump talk about a substantial phase one deal. Notice the world deal. A friend of mine who speaks mandarin, that the Chinese Press is transpiring what is transpiring here, as a pause, a pause in the trade war. Not necessarily a deal. So just
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