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Agency established in 1914 by the federal trade commission act. The ftc is chiefly responsible from protecting consumers from unfair, deceptive or fraudulent Business Practices in the marketplace. This includes protecting business privacy and the security of their data from any harmful uses of technology and combating deceptive advertising and illegal robo calls among other issues. The ftc is also responsible educating consumers about predatory Business Practices. It is intended to inform customer choices and help prevent americans from falling victim to scammers, fraud centers, cyber criminals and other bad actors. As was recently discussed at chairman marans subcommittee hearing the coronavirus has created an avenue for scammers to take advantage of consumers. The surge in internet use in particular because of stay at home orders has been a prime target for exploita ....
Growth is slowing down due to the outbreak across the sunbelt. We have been at one point up 6 . Were now up 0. 7 . At one point we got to the highest level since the pandemic began. Ahead on todays show, stocks seeing a big rally to start the week Jeff Rosenberg of black rock says the bond stock model does not work in this environment he will join us to discuss where hes putting his money to work right now. Plus, entertaining in the age of coronavirus. Well speak with pitbull about how artists are navigating a World Without live events, and his efforts to help latino businesses lets focus in on the big stories with 59 minutes left of trade. Bob pisani tracking the action phil lebeau is watching the surging stock prices of electric vehicle makers joining us with his thoughts on the race for a vaccine and the biotech name is michael ye from jeffires start us off with the market ....
Uncertainty with progress with autos and services leading the declines finlands 10year bond yield jumps into positive territory. Risen the most since President Trumps election good morning and welcome to the show shares in richemont are deep in the read double digit revenue declines. The key market in hong kong overshadowed by the u. S. This is in contrast with other results. Talking about the likes of lvmh. Hermes is still slightly positive swatch down about 1 Christian Dior down about a quarter. So not immune, but you can see they are standing out today. I want to bring in our guest to discuss this in a little more detail last week, we were talking about the resilience of these luxury groups particularly lvmh and hermes not the case for richemont why is that . They have an average of 5 in hong kong while richemont has 10 . The departments that perform most are leather good ....