Make up your. Job made for mines. The European Union falls and teach frosts charges against amazon the news competition watchdog says the tech giant misused commercial data to outsell traders on its own website also coming up just in time for christmas the new battle of the consoles microsofts nearest x. Box challenge sundays playstation 5. Pounds will meet the buzz in tech workers who have joined together to ensure diversity. Plays its part in the future of the sense. This is the doing business on robots in berlin welcome to the program the European Commission has filed m t trust charges against accusing the economist giant of attempting to gain an unfair advantage over merchants on its platform Competition Commission a moderate to vest ago says amazon used public data to increase its dominance in its 2 biggest markets in the view from germany European Union started looking into amazon in 2018 it faces a possible fine of up to 10 percent of its annual worldwide revenue which would amo
To increased economy. There is a one month to in germany, not good for our market, same thing in france and a Record Number of new cases in america over the last seven days. Thats not good either and a time clearly running out for stimulus package before the election. We will ask larry kudlow about that. Dow industrial 900point drop yesterday, dead flat at the opening of this morning, pretty much the same story for the s p, modest rebound for the nasdaq. This is the big day for big tech, apple, amazon, google and facebook will tell us how they are doing financially. Report on this about 4 00 p. M. Eastern this afternoon. Extreme importance because these are the most important and powerful countries in the world. Their stocks have had a terrific run, but they have come off their highs and we will ask if the blue is coming off the big tech. Campaign headline, joe biden leaves his house again. Today hes off to tampa, florida and so is the president. The latest poll shows a dead heat, 48,
Later, a Bed Bath Beyond stock handing in one of its best days ever one of our traders says it could be headed even higher from here. We start with a developing story out of washington. The next round of coronavirus aid apparently hanging in the balance. Lets get right to it with ylan mui. Reporter the house has begun debate on democrats 2. 2 trillion relief package with a vote expected later on this evening. Five Straight Days of negotiations between the treasury secretary and the speaker of the house nancy pelosi have failed so far to produce a compromise the white house has propose aes 1. 6 trillion bill but those numbers are still far below what democrats are willing to accept. Pelosi also pointed to business and child tax credits as another major Sticking Point in a statement her office said that the two sides discussed further clarifications but distance on key areas remains. Chuck schumer put it even more bluntly. He said, they are not in agreement yet and there are lots of area
This is a fox business exclusive and we will ask him if electric vehicle drivers are also doing the diy. Ahead of the nfls first kickoff tomorrow night of the season, this long awaited season, theres a former disney executive who is about to show you his field of dreams plan for canton, ohio and the football hall of fame. Are you ready for the disneyland of football . Is nautilus stock the new peloton . And charlie breaks it on why jlo doesnt stand a chance at buying the mets. Lets start the claman countdown. Liz this is a fox Business Market alert. With the backdrop of a market rally, tiffany is bleeding red after french luxury powerhouse lvmh said it cannot go through with its 16 billion acquisition of the american jeweler because the deal is getting mired in trade disputes. Yes, between france, the european union, and the United States. Tiffany is tanking, down 6 . Its filed a lawsuit to enforce the deal. Lvmh for its part is up half a percent. We have to show you shares of slack, a
Contraction for the australian economy. Worse than anticipated, but investors with a moment shrugging that off. Chinese markets under pressure. Quickly moving it along, having a look at what else is going on out there and doing that, of yvonne. With yvonne lets start with that aussie gdp number. The second consecutive quarter for the three months through june. And thee first first technical recession in 30 years for us trail you Australian Household spending well by 12 as lockdowns and restrictions shut out consumers. The aussie dollar against its u. S. Peers. Theres a new warning about the u. S. Economy with a fed governor ating there is uncertainty head. She told the Brookings Institution that america will be to depend on the fed and policymakers in d. C. As the economy continues to recover from the coronavirus pandemic. She says Monetary Policy must pivot from stabilization to accommodation. Treasury secretary seems to agree with the fed governor, saying the u. S. Economy urgently n