Tempering expectations about the longawaited battery day. We will bring you the very latest. Any battery production will be difficult to scale. Drive tesla shares up over the last few months. Joining me now to break down the data is Abigail Doolittle in new york. Tesla was one of the ones you have been watching. Talk to us about the market rebound with tech overall. Had it earlier on, we higher, lower carmarthen higher, lower, fluctuating on high swings. What we saw at the end of yesterday, apple closed by 3 , it continued into today. The big tech names showed up once again after the selloff we saw this month. A lot of this seems to become a call selling seems to be technical selling. Correct by easily 20 , but it would be completely healthy. The chart supported that view. Correctiony had a on whether the pressure is to be seen. Lots of impressive stuff going on. That led the nasdaq 100 to the glenn 1. 9 on the day. It was not just apple. Declined 1. 9 on the day. It was not just apple
Meanwhile Federal Reserve not even thinking about raising rates now. Fed chair jay powell saying the current economic down torn is the most severe in our lifetime. Warning containing covid is essential to protecting our health and the economy. Big tech in focus all reporting today, their earnings after the bell, ceos grilled on capitol hill yesterday about anticonservative bias, Business Practices, privacy and china. Highlights from the fiery hearing coming up. Markets this morning pointing to selloff at the start of trading. Take a look at futures indicating decline 216 points right out of the gate, s p lower by 28. Marks rallied yesterday following Federal Reserve decision. The market was up 160 points don oh dow. The nasdaq up 140 and s p up 40 points yesterday. Unrest in america with violence in major cities. And the nba tipping off today, players taking to court in bubble at disney world with empty stands, we will check it out. The ceo of fanduel is here on how the virus is impact
Coverage, and im very lucky and you are very lucky to be here tonight with alexis wichowski, who is the author of the information trade how big Tech Congress countries, challenges our rights and transforms our world. Can you hear me without the mic . No. Can you hear me mean with it lacks also note. Alexis is the deputy where she runs a policy Experiment Lab trying to get vendors to compete for who can devise the best program to improve social welfare of citizens of new york. Shes an adjunct professor of communications at Columbia University and she spent a couple of decades studying issues extremely intense intensely as a member of the un mission, the state department and also thinking very deeply about them which is so clear from this book which i really admire. The [applause] this book maybe you want to start by taking a minute and tellingel us what those are and why you felt we needed a new category for them. Thank you for coming it is wonderful to see you all here. I think the bes
Guess, what he expected. Pretty much what he expected. It is. He is doing a fantastic job, not easy, but doing a really good job. I think he will make great progress come october, come november. October. October the 31st. The results, the results will start to show in november. But, it looks to me like he is making great progress. It is an honor to have you here. Well discuss trade. We can drew group pell our trade with the uk and we can i think do a big job. Bob lighthizer is here, our trade representative. Your trade representative is here. Theyre already scheduled a to continue negotiations. For more substantially more trade with the uk. Well look forward to doing that. Well talk about other things also. Boris . Great to be here i hope we can make a our secretary of state of International Trade is here. We hope to get going on that always remembering the nhs is not for sale but everything else, theres a huge amount we can do. I guess well talk a bit about iran and some of those diff
Executives from google testify testifying the company censorship policy. We also hear from andy parker the father of the journalist who was killed on live tv and a conservative communicator said that google and youtube try to restrict video content for texas sanity senator ted cruz chaired the hearing. This hearing is called to order. Good afternoon. Let me say to folks i apologize the hearing was delayed in our start time. The series of votes on the senate or the just concluded so welcome to our witnesses. This past april the subcommittee held a hearing on social media bias with witnesses from ace books and twitter. As i noted then any inquiry into big tax censorship practices must take an especially hard look at google. Thats what we are doing here today. Googles control over what people hear, watch read and say is unprecedented. Almost 90 of internet searches in the United States use google. Googles domination of the Search Engine market is so complete that to google is now a common