Against a u. S. Company in decades. Google says the government case is deeply flawed. Late tradenges in after missing on subscribers last quarter. Its outlook for the current period is below expectations and investors are not happy. Haidi we are just getting a little bit more of an update on these ongoing stimulus discussions in washington, d. C. Nancy pelosi saying she is optimistic a deal can be done before the election and that she is calling on Committee Chairs to resolve some of the differences when it comes to funding levels and language so they can get back to negotiations between her and secretary mnuchin as soon as possible, crucially saying she remains hopeful an agreement will be safer, bigger, and better, and will be retroactive as well. We are seeing that reaction when it comes to the futures markets. Lets look at the asian trading day. Sophie kamaruddin is here with us in hong kong. Seeing s pare eminis gain ground and a muted start in asia with the asx 200 coming online
Wait a second, all my results are child porn . I dont want this, undo, undo, i didnt ask for this. Oh no. Now i have to arrest myself and honestly i get where google is coming from, man. Like i tried using yahoo search the other day and even yahoo was like i dont know, hold on, let me google t that is a tough one. But to be fair, this is what monopolies do. They get rid of all their other petition competition and then say theyre the best which is technically true but also it is partly because of their action strks like if i guy named greg set up the dating app where the only option was greg. How about greg. No, i want to see some one else, swipe left. Okay k i interest you in greg. No. What about greg . Okay, i guess i will take greg . Fine choice m lady. Staying in the world of tech, last night alexandria ocasiocortez, new york congresswoman and supreme villain of your uncles facebook feed decided to pick up her controller to own the noobs and get out the gamer vote. Alexandria ocasio
With trevor noah. Trevor lets kick things off with google. The Search Engine that constantly is trying to finish your no no no, your sentences. Its dominance has raised concerns in the Justice Department for years. And now theyre finally doing something about it. Now to the blockbuster antitrust lawsuit against google tonight. The Justice Department accusing the tech giant of being a monopoly gatekeeper for the internet. They claim the tech giant has been engaging in anticompetitive tactics, paying phone manufacturers and Tech Companies billions to allow google to be their default Search Engine. Prosecutors alleging that ties were so deep a senior Apple Official wrote our vision is that we work as if we are one company. Today google responded saying the lawsuit is deeply flawed and would do nothing to help consumers. Google say this would only prop up lower quality Search Engines. Trevor yo google versus the u. S. Government, this is going to be huge, and honestly i dont know who is go
Protests against a label law that was passed earlier this month that opponents say will erode workers rights and dismantle environmental protection. This is the dollar index on the way down. One week lows earlier on today. The euro new york crude moving to the downside. We had the report on inventories showing u. S. Stockpiles were indeed much higher than had been anticipated. Dollar weakness, golds gain. Tom lets bring you the first word news and a catch up on the pandemic situation in europe. Be amains and continues to coronavirus hotspot, with new daily infection records in germany and the netherlands. Ing a curfew in madrid. Manchester is being forced into the u. K. s strictest curbs. In the u. S. , new yorks governor blames President Trump for virus deaths in his state, calling him a liar and a super spreader. California is easing restrictions in San Francisco. By the u. S. Ing sued Justice Department for abusing its monopoly in search in what seen as the most significant antitrus
[inaudible conversations] [inaudible conversations] is recognized for five minutes. Thank you. Mr. Zuckerberg, thank you for being here today and i want to thank the chairwoman for having this hearing. Youve said a lot of things today that couldnt have been said during the last hearing. Your responses to questions has been very district and very helpful. Thank you for that and thank you very much for being here. I just had a few quick questions about the Libra Association. On the website, one of the benefits before mr. Marcus appeared before our committee was that those contributing, who joined the association, could derive dividends from libra investment tokens and thats since been taken off. Could you elaborate on that . Sure, congressman, i think that there had been an idea that in order to encourage marketing of the payment service, that there might be some investment that other companies could make into this and some return that they could make, but i think that that idea has eith