Washington coming up the numbers are in the United States took a major hit to its g. D. P. In the wake of the coronavirus dropping more than 30 percent annually straight ahead we analyze the extreme drop and the state of the real economy here in the u. S. Plus a big texas seeing an influx of antitrust cases as tech tensions continue to rise across the globe later on in the show where to take a look at the cases and whats at stake moving forward with a packed show today so lets dive right in. And we lead the program with the latest Economic Data out of the United States the Commerce Department reported wednesday Gross Domestic Product fell by a record 31. 4 percent in the 2nd quarter of 2020 now the number was a slightly better than the 31. 7 percent decline projected in august the contraction was more than triple that of the previous record holder of 10 per cent in the 1st quarter of 1958 now economists back substantial gains in the 3rd quarter as. Millions of americans have gone back
Still prohibited. Please turn your devices off. Due to the covid19 Health Emergency and to protect commissioners, staff and members of the public, commission on the environments meeting room is closed. However, commissioners and Department Staff will be participating in the meeting remotely. This precaution is taken pursuant of the statewide stay at home order and all proceeding and preceding orders, declarations and directives. Commissioners will attend the meeting during videoconference or by telephone if the meeting fails and participate into the meeting to the same extent as if they were physically present. Public comment will be available on each item. We are streaming the number at the top of the screen. Each speaker will be allowed three minutes to speak. Comments are opportunities or opportunities to speak are available by calling 4156550001 and entering access code 146047 0765. One connected, darla start three to be added to the cue. Best practices dial star three to be added
If we follow simple rules together, well get through this winter together. There are unquestionable winter months to come and the fight against covid is by no means over shares in adidas and puma raced forward boosting the sports wear sector tesla shares in frankfurt hit reverse after the ceo said plans to scale up battery production will be extremely difficult. A warm welcome to street signs. Lets kick off the show with fresh data just off the wires. This is the eurozone composite for the month of september according to this flash estimate, 50. 1, that is the slow down from the growth rate in august the Services Sector has fallen into kraks 47. 6 down from 50. 5 in august. The Manufacturing Sector holding up better. 53. 7 that was ahead of consensus in 53. 9 so a very, very clear trend as we look at the overall eurozone numbers as well as the german and french numbers as well as there is a twospeed recovery taking place continuing to strengthen on the back of demand Services Sector st
The time is 5 00 p. M. The ringing of cell phones, pagers, and similar devices can still have been virtually and is still prohibited. Please turn your devices off. Due to the covid19 Health Emergency and to protect commissioners, staff and members of the public, commission on the environments meeting room is closed. However, commissioners and Department Staff will be participating in the meeting remotely. This precaution is taken pursuant of the statewide stay at home order and all proceeding and preceding orders, declarations and directives. Commissioners will attend the meeting during videoconference or by telephone if the meeting fails and participate into the meeting to the same extent as if they were physically present. Public comment will be available on each item. We are streaming the number at the top of the screen. Each speaker will be allowed three minutes to speak. Comments are opportunities or opportunities to speak are available by calling 4156550001 and entering access co
Innovations in taiwan and germany that could help us through the crisis. Moving on this is a business on robots in better than welcome to the Program Google is warning outside developers to stop circumventing its Payment System and has given dont just one year to comply among the companies in its crosshairs on netflix and spotify both of them have disputed or attempted working around payments on google devices which show a 30 Percent Commission from the tech giant frustration over commissions levied alike by google and apple has been growing among about affairs in recent years. And im joined in the studio by businesses Stephen Beardsley welcome to the program so whats behind this from google. So basically google is saying that it wants to clarify its rules that basically it hasnt been forcing these rules are already been set up its very nice way of saying all right its time for us to start doing this its time for you to start listening and really what it comes down to is as you mention