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Means, what healthy competition means, julia, in this era that were in my take thus far is that theres been a difficulty applying kind of legacy, antitrust law to technology will new ground get broken here because congress, as we learned in elementary school, makes the laws absolutely. And theres been a lot of talk about the need for new, different types of laws. But jon and carl, what i think is really interesting here is the question of how much of todays hearing will really focus on the antitrust issues, which are the purported focus here, and how much will we hear other criticisms, other questions about the likes of hate speech, manipulation, voter manipulation and the spread of misinformation on these platforms such as, you know, youtube which is owned by google as well as on facebook so i think there are a lot of Different Things at play here. While antitrust will be at the center, carl, dont you think well see this veer o ....
Thanks for taking my question, you added a sentence into the statement about the course of the economy depends on the path of the virus is this do you feel this idea or view is not widely enough understood do you feel you had warned back in may that too early reopening or cautious reopening might harm the economy do you feel that message is not heard and some of these reopenings took place perhaps sooner than they should have i think we feel that it might be the most central fact or the most central driver of the economy is the virus were seeing that again. You saw that during the lockdown when we got cases way down you saw the economy reopening. You saw spending go up and hiring go up now that the cases have spiked again. Again, the early data, highfrequency data suggests that theres a slower pace of growth at least for now. We dont know how deep or how long that will be. Its such an important sentence, we just decided that it needed to be in our post meeting statement. Its so fundame ....
Facebook premarket, zooming after a big gain yesterday. Its Financial Report suggested some stability returning to the advertising market. Facebook getting 98 of its revenue from ads. This company is a truly global platform. Over 1. 7 billion daily users. Stocks up another 6 this morning after a gain yesterday. Look at microsoft. Big gain yesterday, modest gain this morning. Its close to its alltime high. It says the virus had little impact on its business. Up 1 , microsoft, this morning. Its true to say these trillion Dollar Tech Companies are again pulling in a big chunk of investors money. One more for you. Tesla. Yep, another big gain. Elon musk is furious at the california authorities for keeping his fremont plant closed. He calls them fascists. More on that in a moment. Look at tesla go, 854, up 54. Overall trn overall, its a down day. The dow is looking to be ....
Speak to consumers, expected to spend a whopping 7. 4 billion today according to a dopey analytics. Jackie deangelis joins us from a mall and edison, new jersey. What is it look like right now . Well, its starting to heat up. Behind me, macys was open from 5 00 p. M. Last night in the mall is just opening inside in the concourse now so you can see h and m is still closed the people are lining up outside. Down here we have an Urban Outfitters with people getting ready to go in as well and as you said the projection is for over 7 billion this year hoping to set new records last year black friday spending was about 6. 2 billion. The average consumer that comes out today is expected to spend about 400, but the question is, is at the same kind of black friday we are used to to maybe five years ago or 10 years ago . People would line up and storm the stores for deals. You can get a lot of deals online in the deals in the stores, the d ....
We welcome you and respect your right to be here. We also asked in turn for your respect as we proceed with the basis of the committee today. It is the intention of this committee to proceed with this hearing without any disruptions. Any disruption of this committee will result in the u. S. Capitol police restoring order. Now listen up. This is very important. If a disruption occurs, a Capitol Police officer will go up to the individual and instruct that they seize the demonstration. If the person does not cease or begin the demonstration after the initial warning i the officer, the individual or individuals will be removed from the hearing room. We are very grateful for your presence today, and we very much appreciate that you want to listen to the witness, but we also ask you to respect the witnesses ability to express himself. I would also remind all members to avoid engaging in adverse personal references. I now recognize myse ....