Happen right now on capitol hill 4 of the most powerful men in the u. S. Tech industry are being questioned on whether their platforms have violated antitrust laws in recent years as theyve risen to dominate the internet Rachel Blevins is joining us now to discuss the latest developments there as a ritual who is testifying today and what led us to this point where this hearing comes after more than a year of Research Conducted by the house judiciary subcommittee and which available to 4 of the Top Tech Companies here in the u. S. To ask questions about whether they are unfairly stifling their much smaller competitors now of course were still dealing with the corona virus pandemic so this hearing was carried out virtually and the testimonies included this. Apple and google. Facebook and amazon now all of these companies have been accused of manipulating their search results to promote their own products and interest so this hearing is still going on right now as we speak what have been
This is just going to roll, theres nothing specific. Enjoy this as we discussed, this is a wonderful new book that is come out, april 21st, something good to read in this time and just to do a quick introduction, doctor is an associate professor of history at texas will Womans University which home of the national archive. And its very special to talk about her journey to getting the pup under book to publication. And its something im fascinated by, how did you get started on this topic, when did you learn about it and what hooked to win. Thats a great question, thank you so much for having me in talking with me today. I would like to show this picture but this is the moment in time where i met carol and with all the aviation people to know that he was on the coolest either. And from oklahoma in june of 1993, i went by myself and could not get any friends to go with and somebody pointed out the fact that curtis was in the shade of the hanger over there and like i will go say hello, he
The who reports the most infections for a single day. Global stocks trade lower as u. S. Futures swing from gains to losses. Bloomberg learns the german lender could cut up to 7000 jobs and shutter 400 branches after its current costcutting measures were called in abject failer failure. And starbucks, pepsico, and biaggi out are the latest pump needs to curtail ad spending on facebook. Pressure on the company to crack down on hate speech shows no signs of slowing down. Just under one hour away from the start of cash equity trading in europe and the u. K. Futures red across the board. In europe we are looking at 1 plus losses. Germany. Much here in euro stock futures down about. 75 . U. S. Futures swinging from gains to losses. Now we are looking at about a. 25 drop for the s p. Nasdaq futures down about. 5 . What are you seeing on the gmm . Anna in conjunction with european futures, they. 4 a point forening they a weaker open. Chinese equities looking relatively resilient. Japanese nik
S p 30,038 russell out performing everything today lets begin our conversation, joe. Really want to use these last days of june to discussion where the money is going to be made in the next six months. First half is going to be in the books in a couple of days. Its been a turbulent one. We know that what do you think is in store for the next six lets talk about the last couple of days so we can look toward the final six months. A lot of complexity here first of all, you have the russell rebalance. You have a 10 decline in the last five days for facebook and the immediate question for me is does that have an impact on the Technology Sector. If i look at the sectors, technology is the only leading sector in the month of june. Are we going to get weakness here out of the Technology Sector i think that extrapolates further to more weakness throughout the summer for technology and there in lies your opportunity to take advantage of that orrection. How about the performance for the emerging
A look at how Global Markets fared this week as the possibility of a 2nd wave of the corona Virus Outbreak in the u. S. Has affected Investor Sentiment there are a lot of red arrows out there so lets take you through the week starting in russia the mo x. Is in the red on its short week down 1. 75 percent the ruble fell from 14 week highs against the dollar on thursday retreating still losing more than 2 percent on the day as Oil Prices Also fell lets move to asia where the shanghai composite is just slightly down for the week closing the week nearly flat this following a huge loss on wall street on fears of a 2nd wave of coronavirus case in the u. S. As we just mentioned and in hong kong the hang seng is also down for the week following similar trends over concerns of coppa 19 and the Federal Reserve i know its a great well stay put at near 0 until 2022 now the index fell 2. 3 percent at one point on friday alone following a 7 session rally now the nikkei in japan is also. Down followi