Written materials. You are the ema offices that required for all meetings. I expect all members to wear a mask expect when speaking. I recognize myself for an opening statement. More than a year ago, this subcommittee launched an investigation into Digital Markets. The twoives b have been to document problems and since then, weve received millions as well as conducting hundreds of hours of interviews. There were experts here, the subcommittees Ranking Member. We work closely with all members who have taken this work seriously and study the issues. This is the most bipartisan effort ive been involved with. The purpose of todays hearing is to examine the dominance of amaz amazon, apple, facebook and google. Amazon runs the Largest Online marketplace in america, c capturing 70 of all online marketplace sales. It operates across a vast array of businesses from cloud compute i ing. Apple is a provider of smart phones with more than 100 million in the United States alone. Services include fi
Lets dive right in. And we lead the program with one of the biggest tech stories of the year and it appears to be playing out minute by minute microsoft confirmed monday that it is in talks to buy tick tock from Chinese Parent Company bite day its now this of course after u. S. President donald trump announced a plan to ban the app in the United States President Trump spoke about the controversial situation monday afternoon. And im sure it can be controlled for security reasons but in china too big too. Invasive and it can be and heres the deal i dont mind if theres microsoft or somebody else a big company the Security Company very very American Company by i set a date of around september 15th at which point its going to be out of business in the United States but if somebody whether its microsoft or somebody else buys it that will be interesting i did say that if you buy it. Whatever the price is that goes to whoever owns it because i guess its china essentially but more than anything
You are not even a turnoff and yet you want to become citizens. In full migrants your platform for reliable information. On. How know can you go after the United States post has dark declines the news from the europe isnt any last bleak of course i mean numbers from across the continent show the staggering impact the coronavirus has had on the economy. Also coming up could an american takeover of tank top quell u. S. Concerns about chinese buying. Say those 2 on our friends here Everyone Wants to spend your money its a wonderful. As u. S. Troops prepare to withdraw from germany residents of the bavarian thailand where many of them are fearing for their lives. To the show. This week several Major Economies reported record lows in the 2nd quarter today the eurozone economy counted its told with a 12 percent drop in g. D. P. The figures show double digit declines across the boards in spain an economy that relies heavily on tourism growth fell by a massive 18 and a half percent other major
The u. K. Is reported to have turned to japan in its search for 5 g. Network technology but can anyone fill the way void what does it mean for the timeline of 5 g. s services this is inside story. Hello and welcome to the show im sam is a than now the u. K. Is reportedly japan to help build its 5 g. Infrastructure its seen as a major blow for Chinese Technology and the way in for u. S. President donald trump the u. K. Says its banning Chinas Huawei 5 g. From its networks the British Government says the decision wasnt easy but is right for National Security and the economy the move comes as the u. S. Intensifies its campaign against the tech giant and it reverses the u. K. s attempt in january to allow restricted use of weiwei equipment from the end of the year u. K. Operators will not be allowed to buy the firms 5 g. Kits are already in place have to be removed by 2027 or this is what the u. K. s digital secretary had to say. The new u. S. Measures restrictor while raise ability to pro
Is july 15. Norquist joining us to talk about tax day this year. Delay. Ual what do you think the pandemic has done to the anticipated revenue of taxes . Down, ites have come down a lot of actiq a lot of activity. 20 million jobs lost. It is starting to come back strong. June,e, we just finished 4. 8 million net new jobs. Both of those are historic records. We have not had that much job creation before. The economy is very strong. It was shut down in many parts. As it opens up, it is returning to the more robust economy we had in january, february of this year and the last couple of years. Nothing has changed. The lower taxes they gave us growth are still there. The deregulation, which as of a year ago was saving 220 billion costs in terms of excess because of changes in regulations. That is an old number. It is a higher number now. What they are struggling with his governors, mayors, and the federal government at points have shut down. Tough to travel. People arent allowed to go to ba