The chairs authorized to come to claire recess without any time we welcome everyone to the second of our series of investigating competition and digital markets, this one on innovation and entrepreneurship. I recognize myself for an opening statement. 30 years ago was released into the Public Domain to create a Global Communications Network Within a few Years Services were built onto the software to give people tools to communicate, share through a decentralized platform designed to be open and nondiscriminatory. The pioneer testified in 2006 on behalf of google that the overarching principle of the open internet was that no central gatekeeper should exert control over the internet. This open and competitive environment means that entrepreneurs for new ideas need not worry about getting permission for inventions to reach endusers. Over following decades the growth of our competitive internet revolutionized our lives, our work, businesses, and entire world. Millions of good paying jobs
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 member was released into the Public Domain to create a Global Communications network. Within a few years, search and browsing services were built onto this software to give people tools to communicate, share, and explore information through decentralized platform that was designed to be open and nondiscriminatory. An internet pioneer and codesigner of the internets early architecture testified in 2006 on behalf of google that the overarches principle of the open internet was no central gatekeeper should exert control over the internet. As he noted this open and competitive environment meant ent
Hell tell you why, he debates whether hes rights. Heb it was amazon, it might have been apple too, netflix, apple is hitting an alltime high. 156 a share. Well have those details coming up. And then a rare interview, she was the first woman to head a Hollywood Studio back in the day, not too long ago. Sherry lansing will join us. There is a new buy biography about her i cant wait to talk with her on what shed do today. We have mothers day this weekend, may be a welltimed placism of the book, maybe a good gift. I see youre selling the book now okay. I just realized that would make sense. Yeah. Well ask her about that. We do start with retail which is struggling so much. Its jp penny getting hit hard after reporting disappointing numbers this morning. We also have the retail report from the government this week. Courtney reagan joins us with more. Its very hard in terms of the Department Stores. The numbers are down 20 this week. The numbers are bad. Exactly. I think one of the best perf
Coming up, chief architect of obamacare sikh emanuel. Who is to blame. Massive cyberattack crippling 12 countytries and two american companies. British hospitals forced to turn patients away because of the outage. Reports are that the hackers used leaked nsa hacking tools. Latest on dissing story. David merck and among the dows biggest drags. We have breaking news on unprecedented global cyberattack. We heard a little abt it from melissa. It is now affecting fedex and microsoft in a big way. Ashley webster with details from the new york stock exchange. Ashley, this could change fortunes of some companies. Ashley certainly could, david. Massive attack in europe and asia. 12 countries at last count. You mentioned individual companies. Fedex certainly one of those affecting. They say their windowsbased system has been interfered with. Theyre not say you how widespread the problem is whether it is impacting deliveries. They say they will deal with it as quickly as possible. Microsoft has r
Announcer this is nightly Business Report with bouncing back . Consumers rebounded a bit in april. But retail itself remains a mess. What gives . Is the backbone of the american economy, better known as the american consumer, healthy or not . Taking the plunge. Home prices are not for the faint of heart right now. So what do you do if youre looking to buy your first home . Some of the best markets if youre looking to get in. And its the new retirement. Why senior women are making a strong push to be this generations golden girls. All that and more on nightly Business Report for this friday, may the 12th. Good evening, everybody, welcome. Im Bill Griffeth coming to you from the new york stock exchange. Tyler and sue have the night off tonight, so its just you and me, okay . Weve been telling you about the wreck that is retail, and theres another one today. First, there was a bit of a rebound by the consumer in april. Spending rose, albeit less than expected, but it rose nonetheless. Ste