And trust legislation. Welcome to todays hearing of the subcommittee on antitrust policy and consumer rights, the title we chosen for today is stacking the tech as google form competition in advertising, i want to think drinking member and her staff for working closely with me and my office, we prepared for today. I also want to think the chairman of the judiciary lscommittee, senator graham for his support of this hearing. This hearing. After i and then senator klobuchar giving our opening remarks, well hear from two panels of witnesses with questions from members of the subcommittee. We have Something Interesting to deal with in the senate and every time they call votes, when they call votes during a subcommittee hearing, were at their mercy. Senator klobuchar and i have both cast our votes on the first of a series of three or four. At some point, were going to have to pause or tag team as we allow other members to hearing is googles Online Advertising business. A novelist andha whet
What a big change, because at one point the dow, remember, was down 628 points. So this is really a different story. The nasdaq right now down 96 and the s p is down 11 points. The twoday selloff, by the way, in the nasdaq so severe this morning, it was actually within 25 points of correction territory. Since wednesdays record high of 12,056, the techheavy index is now down, as you can see right now, 103 points. Both snapping a fiveweek winning streak, the s p and the nasdaq. Were going to have our floor show trade thers ready with instant reaction for all of you. Now, the record selloff completely discounting a pretty positive august jobs report that showed an increase in 1. 37 million jobs with the Unemployment Rate dropping to 8. 4 . One company is helping to fill all those vacancies left behind by the coronavirus pandemic. Were going to introduce you to the ceo of shift pixie, helping big business find qualified workers in the gig economy. Plus, colleges struggling with infection r
Not immune. This is about two hours. People come to order. Without objection, with recent subcommittee it is time. I recognize myself for an opening statement. On july 11, President Trump tweeted it would be bad for him politically if schools opened before the november election. The threat that he would cut off funding if not reopened. Yesterday he said, and i quote, my view is schools should open. It will go away like things go away and schools should be open. The president position of how to reopen schools to paraphrase the press secretary, for science to stand in the way. I fundamentally disagree. Schools must reopen based on science and safety, not politics and wishful thinking. To agree, though schools are critically important for the children and our families. My first job after i graduated college was as a High School History teacher. My wife was a skilled librarian. I remember the anticipation at the start of school. Two of my grandchildren school age and i know they are feelin
Journal is dr. Joseph kvedar, the president elect of the American Telemedicine Association. Dr. Kvedar, thank you for being with us. Tell us the mission of your association and the members you serve. Guest i am delighted to be on with you this morning for such an important topic at such an important time. The ata was formed almost i think 27 years ago, and really the mission is to both educate and advocate, really, for a new model of care delivery, which is enabled by communications technologies. Im sure we will talk about what that means. The members are from a variety of sectors. Folkse a robust group of who supply technologies and services to the industry. We have a number of quite a few Health Care Provider organizations like my own Partners Health care, mass general at womens in boston. Some of the health plans and folks at the payment industry as well. Thatis largely the groups encumber our membership. Kvedar, joining us this morning to talk about telemedicine, telehealth, use of
Gone red as weve gotten more guidance on Net Interest Income on the conference calls. Yeah. Absolutely the banks are in focus as this first day of earning season in earnest really kicks off one of the names im actually focused on that reported this morning is fastenal, distributors, thats what they make and they provide those distributors to quite a variety of industrial excuse me industries and end markets, early indicator of the state of the industrial economy, youre seeing those shares pop today in part because at a time where so Many Companies are cutting their dividends they actually raised their dividend and they noted that theyre seeing product produced significant shifts in business mix and that march sales of the fastener products declined 10 on a daily basis as industrial activity slowed but their safety business grew 31 as they were sourcing and delivering critical ppe supplies to the marketplace why do i bring this up this is essentially what were seeing and i have a feelin