We compete hard. We compete fairly. We try to be the best. Our goal is the best, not the most. We dont have a dominant share in any market or product category where we do business. Competition leads to better products and more choices for everyone. Emily but lawmakers coming out swinging. The ceo struggling to get their answers in. Jeff bezos of amazon having trouble getting some words in edgewise. Didnt have monopoly power over the sellers, do you think they would choose to stay in a relationship characterized by bullying, fear, and panic . With all respect, congresswoman, i do not accept the premise of your question. Does amazon pursue similar predatory campaigns in other parts of its business . I cannot comment on that because i dont remember it. Heres how the company described working with amazon. Amazon strings you along for a while because it feels so good to get that paycheck every week and in the past, we called it, heroin. This is one of your partners. Why would they compare y
A reaction that could further destabilize the global economy. And huawei vows to continue its campaign against u. S. Restrictions on tech. We will be hearing from the security chief a little bit later on this hour. Shery lets get you started with a quick check and how the markets are trading. U. S. Futures are down a 10th of 1 . We saw a fade in u. S. Stocks, giving up their gains after President Trump announced the executive order targeting social Media Companies. This coming at a time when u. S. China trade tensions continue to rise. We are seeing tensions over hong kong. The s p 500 fell for the first time in four days, and recent out performers, like bank and energy stocks, fell 4. 6 . Twitter falling almost 5 . We did get encouraging news with betterthanexpected economic data. Continuing jobless claims and capital goods orders providing some support. It is looking like we are shaping up to be a mixed start to trading here in asia. We are seeing for japanese futures, a little chang
The coronavirus outbreak. This is a group of experts are outbreak could go on for another two years and wont be contained until 2 3 of population is immune. Joining us to break down the day wall as at least on street, taylor riggs has been digs into the markets for us. Tailor, a rough day, there were so many signs of hope this week . Felt like a mood shift this morning, emily, we woke up, a sentiment had been negative. As you remember, 30 after we bottomed out on the lows on 23. H there could have been some rofit taking here as well as some concerns continuing about the economy. We got news in the past few days overnights that trump was considering floating around some ideas of how to punish china for for the handle of the virus, for shutting down a lot of the doctors back in december who were really trying to warn this. Some of those renewed tensions some of the ng debt, thats very far stretched according to some of the to, ysts that im speaking but another option to be tariffs. Now t
Protected tries to of an old law that has protected facebook. The coronavirus takes a toll with tech leading losses. Earlier, apple cut its revenue guidance for the march quarter with the outbreak continuing to impact the iphone maker supply and demand. Impactful,navirus is but not permanently impactful. In other words, it is a temporary blip. On the demand side longer term for apple, i dont see any issues so that gives me a lot of confidence we will see a nice rebound when this is over. 20 of revenue, a huge part of the supply chain. If the virus isnt contained, this will be a problem and longer term, china and the u. S. Are likely to be at loggerheads. I think the virus could be a problem longer market thing. Is no better ceo to handle the current challenges then tim cook and while it is currently concerning, having him at the helm is very reassuring. It is quite hard to shift production in a number of weeks. Emily we got more reaction from the Senior Research analyst at cowan who jo
Old law protecting google and facebook. The coronavirus is taking a toll with tech leading the losses. Apple card revenue guidance for the march quarter with the outbreak continuing to affecting the chain. Impactfulonavirus is but not permanently impactful. T is a temporary blip on the demand side longerterm for apple. We will see a nice rebound when this is over. Apple made a big bet on china. Contained,. Is not this will continue to be a problem. Could be a virus problem longer than the market thanks. Theres no better ceo to handle the challenges then tim cook. Iile it is very concerning think having him at the helm is very reassuring. It is hard to shift production in a matter of weeks. Myly reaction from colleagues to assess what he thinks the supply Chain Disruption will not hurt demand. Since apples announcement the demand it is really supply Chain Disruption. The markets are opening in china but people are being very cautious. There is an effect that will play out over the next