Digital tax when we talk to the countrys minister of digital affairs. Tech giant huawei sues the fcc for greater access, the latest attempt to fight sanctions, but does the case have legs . Our top story. Crackdownovernments on big tech and back to amazon. Bloomberg has learned investigators are looking into its massive Cloud Computing business. Sources say the agency has been asking Software Companies about practices around Amazon Web Services. The unit is one of the backbones of the internet and has a Cloud Computing market share of more than 50 . Its next biggest rival, microsoft, is 16 . Joining us to discuss is an analyst from rbc capital markets, and in washington, the person who helped break the story. Are you surprised regulators seem to be looking at almost every portion of amazons business . I think this is a surprise. Complaints about amazons Retail Business are well known. Independent sellers have for years now been talking about ways they think the company is not treating
After a fabulous day where the dow gained 240 points, s p advanced. 82 and nasdaq climbed. 90 i got to go there. I got to explain these universes. There is a universe with a booming economy then there is a universe with a faltering economy. One of them is a fantasy the other may be reality but occasionally they bleed into each other we can go everyone freaking out about a possible recession the market was down gigantically since then, though, we got a spade of incredibly positive earnings reports from a gigantic retailer like walmart, home depot, and now target and lowes so which universe is real . The robust one that we seen this week or the teetering one we visited, the one that had me on the today show urging people not to panic panic was the order of the day remember, panic is not a strategy lets dissect these universes, please, because they are colliding here and in the end, we know there can only be one like the highland. The recession scenario that drove stocks down hard last we
Plans to boost the ability to deny green cards for immigrants deemed likely to rely on government aid. A former governor of a border state, new mexico, here to break down all the latest policy. All that and much more on making money. Charles thousands of demonstrators have forced hong kongs airport to cancel all of their flights. This as the citys largest airline, cathy pacific, warning the staff, those that support or participate in the illegal protests could be fired. Hong kongers have been protest ing liberties and protests from china. Clashes leading to dozens of arrests. Wall street journal opinion writer Jillian Melchior is in hong kong. She joins us by phone. Thanks for joining us. Thanks for having me. Charles give us the latest, where are you, what have you seen, contrast it to your trip there just a few weeks ago . It is quite interesting. The protests have become much more spontaneous, much smaller. I also think a lot more dangerous. When i [inaudible]. Protests first broken
bigger rival, binance, and its billionaire creator. samira hussain has more from new york. in these latest charges, the sec said coinbase acted as a broker exchange and clearing agency for broker exchange and clearing auen y ., , , ., ., agency for investments that are sub ect to agency for investments that are subject to sec agency for investments that are subject to sec rules. agency for investments that are subject to sec rules. but - agency for investments that are subject to sec rules. but they i subject to sec rules. but they did so without properly registering, and that, they said, allows the firm to escape oversight, including guards against conflicts of interest. the charges against coinbase were not a surprise, as a publicly traded companies and disclosed in march that the sec had notified it that these charges may be coming. in response, coinbase said liberals are not clear. they testified on capitol hill that the chief legal officer said it try to get new rule
more now from new york with samira hussain. in these latest charges, the sec said coinbase acted as a broker, exchange and clearing agency for investments that are subject to sec rules but they did so without properly registering, and that, the regulator said, allowed the firm to escape oversight, including guards against conflicts of interest. the charges against coinbase were not a surprise. as a publicly traded companyit disclosed in march of this year that the sec had notified it that these charges may be coming. in response, coinbase said the rules were not clear. testifying on capitol hill tuesday the chief legal officer for coinbase said it try to get new rules in place for crypto platforms like theirs, but got no response from the sec. since that time, we have had over 30 engagements with the sec to try to work towards a sensible framework for regulation that would allow, for example, the registration of platforms as either broker dealers or atss, or a national securi