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CNBC Fast Money July 14, 2024

Into big tech. Lets get the detais with ylan moye. We have confirmed that the department of justice is announcing a broad antitrust review of big tech likely to include amazon, facebook, google and apple. In a statement, it was set that without the discipline of meaningful marketplace competition, digital platforms may act in ways not responsive to consumer demands. He went to say that the departments antitrust probe will explore these important issues the focus of the new inquiry will be whethe...
New York United States Capitol Hill District Of Columbia David Vernon Josh Lipton

CNBC Closing Bell July 14, 2024

Josh, great to see you. Glad to be here a tight trading range for the major averages this week. Yeah. How would you sum it up so far. I think whats interesting is there seems to be this rotating cast of stocks that are working against the averaging, so today is transport i think three out of the worst stocks are railroads, some of the big ones being hit hard. Theyre not very important in terms of waiting, but very important in terms of people paying attention, either because theyre technically i...
New York United States United Kingdom Paul Hickey Seema Mody Aditi Roy

CSPAN Senate Banking Hearing On Facebook Digital Currency July 14, 2024

[gavel] this meeting will come to order. Will come to order. Today we will receive testimony from david marcus head of libra at facebook. On may 9 senator brown and i sent a letter shortly after it was reported that company was recruiting Financial Institutions and online merchants to launch a cryptocurrency based Payment System using a social network. We asked space bar for more information how the system would work, access and use of Consumer Financial information and facebooks access to use o...
New York United States District Of Columbia Sioux Falls South Dakota Capitol Hill

BLOOMBERG Bloomberg Daybreak Australia July 14, 2024

U. S. Inflation is stagnant, unemployment near a halfcentury low. Shery lets look at how the markets close friday in the u. S. The s p 500 and nasdaq closing at record highs, the s p with its biggest jump in three weeks, the nasdaq in five. We had twitter and alphabet leading the rally and positive results. That sent top tech stocks higher. This coming at a time when we had strongerthanexpected secondquarter gdp numbers. But did nothing to stop expectations at the fed. It is a busy week for earn...
United States Hong Kong District Of Columbia Bruxelles Capitale City Of United Kingdom

BLOOMBERG Bloomberg Daybreak Asia July 14, 2024

Fed rate cuts and a decade. A busy week also brings policy decisions from tokyo and london. Shery lets get you started with a check of the markets closed. The session in the u. S. , the s p 500 and the nasdaq closed at record highs. The biggest jump in three weeks for the s p 500. The biggest in five for the nasdaq. We have twitter and alphabet leading a tech rally on positive results. Gains coming from stronger than expected secondquarter gdp numbers. We will see a rate cut by the fed this week...
United States Hong Kong France General South China Sea Brunei General New Zealand

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CSPAN3 Senate Banking Hearing On Facebook Digital Currency July 14, 2024

Discussion on slave refugee camps during the war. Watch American History tv tonight at 8 00 p. M. Eastern on cspan 3. This past june, facebook announced plans for its own crypto currency called libra. The cocreator of Libra David Marcus answered lawmakers concerned over the Digital Currency before the Senate Banking committee. This is about 2 1 2 hours. This hearing will come to order. Today we will receive testimony from david marcus, head of libra at facebook. On may 9, senator brown and i sen...
New York United States Mitch Mcconnell David Marcus Ka Libra Samsung Facebook

BLOOMBERG Bloomberg Technology July 14, 2024

Stocks died. , 15s fall the most billion wiped off the board. Will the streaming giant recover . Our top story, microsoft shares topping after fourthquarter results that topped estimates. Strength inontinued the cloud business. The ceo is working to keep up a steady flow of cloud deals to narrow the gap with Market Leader amazon and offering bundles including office, windows, and other Security Products as well. To unpack it all, we are joined by cloud reached ceo aaron paynter, who spent 14 yea...
United States Robert Greene Brad Sherman David Marcus Bloomberg John Emily Chang

BLOOMBERG Bloomberg Markets Americas July 14, 2024

Banks mixed. Carmax, the worst performer. 2. 13 , crude up to oil below 65 a barrel. Trucking index, s p, best performer today, more than 8 up. That is relieving investors. European markets now. A better day in europe. The dax up a quarter of 1 , cac upup 6 10 of 1 , ftse 100 for tenths of 1 4 10 of 1 . Questions about barbary moving over. First quarter doing well in china. That stock is up 13 . Thank earnings season, j. P. Banks, wells fargo, reported earnings this morning. Lets bring in our In...
United States South Dakota David Marcus Libra David Marcus Jamie Dimon Investment Banking

CSPAN3 Senate Banking Hearing On Facebook Digital Currency July 14, 2024

Free cspan radio app. Earlier today facebooks david marcus testified before the Senate Banking committee to address concerns over the companys proposed Digital Currency. This is 2 hours and 20 minutes. This hearing will come to order. Today we will receive testimony from david marcus, head of libra at facebook. On may 9, senator brown and i sent a letter to facebook shortly after it was reported that the company was recruiting Financial Institutions and online merchants to help launch a cryptocu...
New York United States South Dakota David Marcus Samsung Facebook Tivoli Europe

BLOOMBERG Bloomberg Technology July 14, 2024

Sherman after blistering hearings. Net flux netflix stocks fall for the most almost 15 billion wiped off it work it cap. Will the streaming giant recover . Shares story, microsoft topping after fourthquarter results that topped estimates. Continuing strengths in Cloud Services. Up aeo is working to keep steady flow of cloud deals to narrow the gap with Market Leader amazon and offering bundles including office, windows and other security products. To unpack it all, we are joined by aaron paynter...
United States South Korea City Of United Kingdom Brad Sherman David Marcus

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