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The dow was dragged lower in part because of boeing, which reported a massive loss for the Second Quarter. It also warned about something that no shareholder wants to hearabout, that itay have to halt production of its 737 max if the grounng of the jet liner drags on much longer. That pushed the stock 3lower in todays trade. Phil lebeau is on the story for us tonight. Reporter with the 737 max grounded for months, boeing ceo Dennis Muilenburg says his company could shut down the max Assembly Lin...

Without a deal well get the latest from london. Also coming up an urgent plea for help from 2 sisters in hiding after fleeing oppression and abuse in their native saudi arabia theyre hoping social media can help them find asylum abroad. No records find for same spot the u. S. Slaps the firm with a 5000000. 00 penalty for repeatedly violating users privacy will the company now change its behavior after years of broken promises. Im sumi so whats going to thank you for joining us. The u. K. s new P...

A 2nd straight day and 1000000 struggled to keep cool as a dangerous heat wave scorches the continent. Plus a record fine for facebook the u. S. Tops the firm with a 5000000000. 00 penalty for repeatedly violating users privacy will the company now change its behavior after years of broken promises. Im sumi so much going to thank you for joining us. The u. K. s new Prime Minister Boris Johnson has delivered his 1st address to parliament he offered a sweeping optimistic vision of a britain outsid...

Forward with this, wed certainly be looking at that as a characteristic to achieve. Thank you and i think it goes back to resiliency for me. And i know and i think its the concern about resiliency that i had, and we had our discussions here in committee is that if there are concerns about resiliency and its just based on my experience in the private sector when it comes to big data, couldnt you probably address those concerns through the regulatory and Supervisory Authority that already exists i...

Goes back to really and see for me. We had our discussions in committee. If there are concerns about resiliency, and that is based on my experience in the private sector, couldnt you address those concerns through the regulatory and Supervisory Authority that exists in your space . When i was talking about the multiple data centers and the redundant systems, you think resiliency could be something that is a function of what you are doing right now . Chair powell the gentlewoman from massachusett...

The committee will come to order. Without objection, the chair is authorized to declare recess of the committee at any time. This hearing is entitled Monetary Policy and the state of the economy. I recognize myself for four minutes to give an opening statement. Today this committee convenes for a hearing on Monetary Policy and the state of the economy. Chairman powell, welcome back. Today i would like to start by addressing the current elephant in the room when it comes to Monetary Policy and th...

Breakthrough with the u. S. You dont get security by praying for it. You must invest, you must do what is necessary. And the europeans need to take the necessary action. The United States has, in my view, shot itself in the foot by withdrawing. Matt welcome to bloomberg surveillance. Lets check in on the markets right now. Here in europe, we see drops across the board. Not as steep as they were at the , but you can still see the stoxx 600 is down. 3 . And some of the individual or regional index...

This is an uncomfortable day. You can say your own thoughts about those and other stories that. Make the big tech monopolies come under scrutiny and cross talk. Hello and welcome to crossfire all Things Considered im Peter Lavelle the time come for google and other Big Tech Companies theres a growing consensus the near monopoly status of many of these companies is bad for competition bad for the consumer and even for freedom of speach. No doubt Silicon Valley is lowering of. Cross talking big te...

A managing partner and investments and we crossed to Geoffrey Carr he is the author of inside cyber warfare mapping the cyber underworld and founder of 30 up a video streaming platform crosstalk rules in effect that means you can jump in anytime you want i always appreciate let me go to bill in london bill is it time to break up Companies Like google and facebook and we can talk about what should be done if they are maybe they should become Public Utilities go ahead bill in london theres been ve...

School here in the audience. I hope you enjoy that and continue to participate in the event. We have an exciting panel today. Lets get started with some questions. Many of the questions were prepared in advance. Lets start with questions about news in the current year. Its only been a year since the president ial election. It is hard to remember when fake facebook wasnt part of fake news. no matter how bad it was for their candidate or how bad it was it allowed them to assume it was coming from ...