horrific state of mass shootings including racist attack in buffalo, new york and massacre of 19 children and two teachers at grade school in uvalde, texas, any new legislation would need at least 60 votes to pass in the senate and simple majority in the house. associate editor of the wall street journal and fox news contributor john busse is standing for analysis but first we go to lucas tomlinson with breaking news. lucas: moments ago the white house putting out a statement from president biden saying that this is a proposal, i want to thank chris murphy especially cornyn synema, there s the word again. does not do everything that i think is needed but reflects important steps in the direction. every day passes more children are at risk to be killed from mass shootings or shootings across the country. in 2020 there were 21,000 murders and after spade of mass shootings, buffalo, uvalde, chattanooga and philadelphia. our colleague mike emanuel has put up news, gop republican
We think over the long term it has served and its in the business judgment of the league that has served it, but as that shows, clubs take extraordinary examples to avoid them. Im going to continue this conversation with you and the other witnesses but now turn to senator klobuchar. Thank you. Thank you very mu. Thank you to all of the witnesses. I thought id start with you, mr. Waldron. The blackout rule was put in place in 1961, is that right . The Sports Broadcasting act was adopted in 1961. The fccs rule was put in place in 1975. Most of the money made by sports tickets came from ticket sales, but today nfl games are consistently among the most Popular Television programs, certainly in my state where were proud of the vikings and with that comes a significant increase in revenue. Cost of tickets has significantly increased. Its a big expense. Do sports teams need blackout rules the same way they did half a century ago . If not, why do we have the same rule . No question that those
So that was the conclusion of singer et al. In the context of the proposed merger, take a market like los angeles. Los angeles has Time Warner Cable and as i mentioned Time Warner Cable owns a Regional Sports network. The merged entity would acquire roughly a quarter million new subscribers from charter. What does that mean . The local Cable Company is getting bigger. As a result, the trend we already see today when Time Warner Cable owns dodgers games and wont see to it to those games are seen by everybody, its going to get worse. If the cable footprint gets bigger. Thats why Sports Fans Coalition has chosen to oppose the merger. Thank you. Im going to get on a little bit different subject. Mr. Waldron, this is addressed to you. We talked a lot about the tax support and i think as a country we provide such enthusiastic sports for professional competitive teams at least in part because they we recognize all the ways in which they can enrich our culture. Yet, we have a team in the nfl t
Its the euro dollar. As that has been under pressure its put some pressure on the market. Also stay with us for an exclusive interview with lift ceo logan green. Ride sharing Companies Like lift and uber are under fire recently. Theres a lawsuit from drivers that could increase their labor costs. The question is are drivers employees or are they contractors, independent contractors in relationship to uber and lift . Big difference. And theres an interesting point diane made on our panel just at the end of the last week where she said were becoming sort of the next generation, a 1099 generation not a w2 generation. A lot of odd jobs that ultimately has to prout youvide you a standard of living and health care. These questions all underpin the conversation were going to have. Very, very important. Lets show you how the markets are trading right now. The dow is about at the highs for the session with a gain of 232 points. 1. 3 same amount percentagewise for the s p which is up 26 points a
Happens. Nasdaqs down 30 points. S p down 5. 5. An ugly month for stocks as the threat of military action in syria hangs over the nation and this market, bob pisani. What was interesting, i think we should put up president obamas key statement here today because the president and secretary of state john kerry also spoke today. President obama came out and said, we have not made a final decision on actions that will be taken. Thats the key point here. He also made it clear that it will not involve any action taken will not involve any boots on the ground. I think thats the major headline youll see in the newspaper tomorrow. When secretary kerry started speaking around 1 00, a speech very aggressive and very restrained at the same time, markets fluttered around, drooped going to the close and then rally just in the last few seconds. Take a look at the markets intraday here. I would say concern but no panic that was going on today. Importantly, we generally had very low volume once again.