Postpandemic academy dominated by americas big tech companies. This friday morning, stocks are going up somewhere, can you believe that, we dont know how were going to close the session but the opening bell the dow will be up another triple digit, over 100 points, s p coming up a series of records of another nine this morning and the nasdaq made 39 records and moving higher again as of right now. That is the market, that is financial history, cue the fireworks, spectacular way to close out the republican convention, they lit up the sky over the white house after President Trump accepted the nomination for second term. It was a long speech, 70 minutes, the president made his pitch, vote for me and ill keep the streets safe and restore prosperity. Joe biden would ruin the country. You will hear it all, and then there is this, senator rand paul and his wife leaving the white house after the speech into an angry mob of demonstrators. That was intimidation that bordered the very close to re
It damaged the lobby were the first ceremony took place in 2004. The demonstrations have ripped the city for nearly three months since george floyd died in police custody. Global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. Vonnie it is 1 00 a. M. In hong kong. I am vonnie quinn. In just moments, i will be speaking with the ceo of Arena Investors and discuss how he is finding opportunities amid the economic fallout from the pandemic. Earnings for target. The Company Posted record sales emerging as a winner in the covid19 era. We have the latest retail roundup. Ready set, opec. Roducers are meeting together we have the latest. Lets get to the markets. We saw a reversal of the trade with the nasdaq down earlier and other industries higher. We have the s p 500 up five points. The 10 year yield at 65 basis points so up from yesterday. We are anticipating results fro
Big mistrust of big tech the u. S. Congress questions that heads of apple Amazon Google and facebook on anti competitive behavior how the internet giants become too powerful and is that a need if the new laws to regulate them this is inside story. Hello welcome to the program on amazon apple google and facebook for companies that have changed the way we live work shop and stay in touch with our friends and family but the american tech giants have long been accused of abusing their power to drive out competition and mishandling user data the u. S. Congress has been investigating their Business Practices for years old wednesday politicians question the firms chief executives as they consider changes to antitrust laws will bring in our guests in a moment but 1st this report in washington d. C. You know as the Ranking Member of fittingly the tech giants appeared virtually to face questions the subcommittee chairman making clear he sees a problem their dominance is killing Small Businesses
A mining disaster in cuba dropped 33 men the world watched as a 2 month rescue turned need tragedy into a miracle aljazeera revisits the men once celebrated as National Hero and asks how this ordeal changed their lives chilean miners after the rescue on the jersey. Big mistrust of big tech the u. S. Congress questions that heads of apple Amazon Google and facebook on anti competitive behavior how the internet giants become too powerful and is that a need for new laws to regulate them this is inside story. Hello welcome to the program our number one car on amazon apple google and facebook for companies that have changed the way we live work shop and stay in touch with our friends and family but the american tech giants have long been accused of abusing their power to drive out competition and mishandling user data the u. S. Congress has been investigating their Business Practices for years old when politicians question the firms chief executives as they consider changes to Anti Trust La
California and texas record their highest single day tolls and a dream shattered are families still seeking answers about how their teenage son died while in training for the time military. The heads of some of the worlds biggest tech giants have faced a 5 hour grilling on the way they do business Facebook Google amazon and apple are accused of stifling competition and monopolizing the industry is the end of a year long investigation by the u. S. Congress which claims to outline how current laws allow the companies to avoid liabilities alan fischer reports the Ranking Member fittingly the tech giants appeared virtually to face questions the subcommittee chairman making clear he sees a problem their dominance is killing Small Businesses and you factoring in the overall dynamism of the engines the. Merican economy their ability to dictate terms call the shots up and entire sectors and inspire fear represent the powers of a private government this was meant to be an inquiry into Business