Squawk alley. Were going to begin this morning with literally an epic battle royal they are claiming anticompetitive behavior after launching a new way to buy accessories giving users a discount but cutting out the app store in the process this, of course, violates the terms of both app stores that take a 30 cut of digital sales. They both removed fortnite as a result epic games responded with lawsuits and a parody of apples famous 1984 ad platform unification directives for years they have given us their sums, their labor, their dreams in exchange we have taken now a tribute out of it, out of our control. This power is ours and ours alone. We shall prevail see what they did there . Lets bring in alex. You have get with the app stores for a long time and you continue to what side of this do you come down on . I am now the little guy so i have to be careful with what i say, but i like the odd of challenging apple and google and getting them to reduce the tax they charge all of the devel
Now on kpix5 and streaming on cbsn bay area, a five alarm fire damages several San Francisco buildings and the thick smoke seen for miles. Good afternoon, everyone. Im michelle griego. And im len keise. Lets get right to anne whos live on the scene. Reporter the fire is now out some five and a half hours after it started here. I just to want set the scene and youre looking down 14th street right now and theres some smoke coming off of basically this entire city block because it was six builds that bushed here. The fire is out and the Fire Fighters will be on scene here t video from here and a massive fire that started so people can see it for miles around right by the central freeway. It broke out at 6 30 and ickly ed depao rushin and a d operationsa bunch of ammunition but that blue up. And bringing in millions of water and one Fire Fighters is in the hospital right now. One of our teams and he just got a little knocked in the head a bit. Hes fine. We had to force him to go. Its abund
President biden imposes limits on u. S. Investments in china. Alibaba returns to growth across all of the main divisions, defying chinas economic turbulence. We will take a deeper look at the Supreme Court ruling in the epic case siding with apple, at least for now. The other big story was inflation, gaining 0. 2 last month. The slowest pace of gains for two years. The market starts thinking about the fed and then says maybe the fed will skip a rate hike in the next meeting. Why do we care about the fed . Higher rates discount the valuations for future cash flows for names on the nasdaq 100. The main text the main tech index outperforming but we are basically treading water. The other big risk as it is bitcoin. We are the same level we have out for two weeks. The u. S. 10 year yield climbing back up. Remember the story we keep reiterating. Yields have been coming slightly lower from 4. 2 on the 10 year to now nero took now nearer to 4 . The earnings story is disney. So many stories in
Sense, its also true that lawyers for the agencies that those responders work for also play a very, very Important Role. And were privileged today to have an outstanding panel of lawyers from various agencies at the federal and local level, some now in private practice, who have served in those Important Roles or do so today. And to give us some insights about the role of a lawyer in Emergency Preparedness and response. And with that id like to introduce the panel by having them introduce themselves to you and then well get right into it. Good afternoon, im adrian sevier. Im the chief county of the Emergency Management agency. Ive been with fema for 15 years. Ive had a variety of positions at the agency starting what we called then a field attorney. So i deployed to the joint field offices that fema sets up when the president declares a major disaster or emergency. Ive held a variety of positions at fema. And again ive been the chief council since for about a year now. Im dan connelly,
The broadcast highway. President obama backs Net Neutrality. And a town looking to ban Tobacco Sales for good sweeping changes are coming to the embattled apartment of Veterans Affairs. The secretary announced a large restructuring in the departments history. We have more from washington. When bob mcdonald was picked to clean up the v. A. Mess he knew he had his work cut out. He didnt have medical experience, but as retired chief of proctor and gamble, he knows how to handle a large organization. Now after three months on the job, hes prepared to act. The new head of the Veterans Affairs department is laying out a plan to rebuild trust. Right now the department of Veterans Affairs has before it a great opportunity to enhance care for veterans in its history. Reporter the v. A. Has been reeling from overwhelmed hospitals and secret wait lists, infuriating congress and veterans. Vietnam vet bob wheeler spoke to al jazeera this here. As a former employee and veteran, i believe that any wa