Market. Thats the way it seems. Secondly, the europeans have announced a massive stimulus plan, close to a trillion bucks. Its really a bailout mainly for desperate italy and spain. Printing the money over there helps us over here. When that bell stops ringing and we start trading, the dow is going to be up, what, about 300 points. The s p will be up about 26 but the nasdaq on the down side. Tech taking a bit of a hit this morning. Who would have thought we would see this. For a second day running, the Airline Stocks are going straight up. Just look at that. In percentage terms, its a huge gain all across the board. Its the same story with the cruise lines. Straight up. This is all about the strength of the recovery in the most beatendown stock market sectors. Now, this may be having some effect on our market. Its the chaos which has returned to hong kong, asias financial hub. Police fired tear gas and pepper pellets at the demonstrators. They dont like beijing seizing control. The que
Her series of hearings investigating competition Digital Markets. This one on the role of data and privacy and competition. I now recognize myself for an opening statement. I should state the obvious, im not the chairman of the subcommittee. The chairman will be in a few minutes. Digital technologies have provide americans with remarkable array of services. It is never been easy to share news and information to publish content and to commit it with loved ones. All at a moments notice. As the technological revolutions of the mask of this transmission has opened up about the power across our economy. It is support for congress to study understand of these imbalances are affecting americans when it is causing these asymmetries of power and whether these new and growing inequalities are compatible with our democratic values. The committee ongoing oversight of competition Digital Markets is a key part of this process. Todays hearing was examined the role that data plays in creating and main
Uncertainty with progress with autos and services leading the declines finlands 10year bond yield jumps into positive territory. Risen the most since President Trumps election good morning and welcome to the show shares in richemont are deep in the read double digit revenue declines. The key market in hong kong overshadowed by the u. S. This is in contrast with other results. Talking about the likes of lvmh. Hermes is still slightly positive swatch down about 1 Christian Dior down about a quarter. So not immune, but you can see they are standing out today. I want to bring in our guest to discuss this in a little more detail last week, we were talking about the resilience of these luxury groups particularly lvmh and hermes not the case for richemont why is that . They have an average of 5 in hong kong while richemont has 10 . The departments that perform most are leather goods, jewelry and in part jewelry and watches. We see jewelry that is more resilient. Lets talk about hong kong expo
Billion euros. It is cutting the delivery target. Lowering the outlook for deliveries this year. This is amid economic jitters in europe and also in an unprecedented slump in autos in china. The world eats biggest car maker, lets remember, thats hat v. W. Is. Also got an upbayer. They are saying the plaintiffs have more than doubled to 42,000 plaintiffs. That is an important update there. It is confirming its outlook and it is aligned to continue operations. The agreements have been signed im trying to get my head around that. The plaintiffs more than doubled to 42,700 plaintiffs. Coming up, just to get back to v. W. Well be speaking with the c. F. O. After the german automaker reported Third Quarter results. Dont miss that interview at 8 00 a. M. London time. Of course in the car makers state, the other interesting story in terms of watching the start is the talks between chrysler and p. S. A. That we have been reporting. Back to jim mccormick. Looking through v. W. In terms of readin
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