And we also want to welcome our guests for this hour joining us this morning from londons Nyu Stern School of business professor Scott Galloway and from one markets, cofounder Kate Mitchell were watching shares of amazon. 14 hours into prime day. 14 hours into prime day. The company is saying the echo is the best per foming bestselling item for the day. Marked down by 50 its not just amazon were seeing deals across ebay and best buy mark things like ipads, lap tops, smart watches down by 47 . Lost the script. There kate, when it comes to amazon, is there a point at which the sort of dominance of u. S. Retail sales and disruption of the brickandmortar Retail Business stalls out . Well, its hard to see in a day like today i mean, these guys continue to impress me and theyre using prime day which is the day that they for prime users only have what are like black friday deals available on all kind of products and greatly expanded the number of products this year. And on top of it, you can
I call to order this hearing of the Senate Subcommittee on consumer protection, product safety, insurance and data security. As the title suggests, this subcommittee exercises wide jurisdiction over a diverse range of topics. This will be our first hearing this congress to examine matters pertaining to insurance, specifically, that of Insurance Fraud. Thank you to our expert witnesses who came here to join us today. Insurance fraud is a major concern not only for insurers,we who bear the costs of fraudulent claim payouts, but also consumers, who see these costs passed on to them in the form of higher premiums. This hearing will examine the scope of Insurance Fraudst atlarge in the United States and address nationwide fraud trends across a variety of Insurance Markets, including property and casualty, and Life Insurance. In addition, well discuss the tools available to states,s insurers, and consumers to protect themselves against these crimes. The Insurance Industry has an enormous pre
I call to order this hearing of the Senate Subcommittee on consumer protection, product safety, insurance and data security. As the title suggests, this subcommittee exercises wide jurisdiction over a diverse range of topics. This will be our first hearing this congress to examine matters pertaining to insurance, specifically, that of Insurance Fraud. Thank you to our expert witnesses who came here to join us today. Insurance fraud is a major concern not only for insurers,we who bear the costs of fraudulent claim payouts, but also consumers, who see these costs passed on to them in the form of higher premiums. This hearing will examine the scope of Insurance Fraudst atlarge in the United States and address nationwide fraud trends across a variety of Insurance Markets, including property and casualty, and Life Insurance. In addition, well discuss the tools available to states,s insurers, and consumers to protect themselves against these crimes. The Insurance Industry has an enormous pre
Going to go down from here, no that we go into the nighttime hours and theres still going to be some wind out there. By tomorrow morning, that should be the coldest point of the weekend, where it feels like its around 10 to 15 degrees. So the cold air is in place and we also have some moisture on the way, that all adds up to at least a chance of some snow. And meteorologist Sheena Parveen has more on that. Our next chance of rain and snow comes sunday starting in the form of snow. We have issued a first alert because of that, but only for the lehigh valley, berks county and pa suburbs. On sunday night, well see the approach of our next weather system. It will start on the leading edge with snow because it will be cold enough for. But its not going to stay snow overnight through monday morning. Well see a bit of a mix here. Were going to see accumulating snow for the lehigh valley, berks county and the pa suburbs. Changing to a mix on sunday and changing to rain especially for the penns
Seems less palpable than others may grasp. These words may always be on the tip of your tung if youre investing on days like today. Nasdaq declined. 37 . They help you avoid the real pitfalls all investors face. The late great mark haynes said. Eight years ago this week. I love that call. I hoped you did too. It was based on haynes recognizing the risk reregard had gotten out of wlak. We had seen a kre sen doe that was way too loud and way too yun formed. Remember, this was 2009 when the dow was around 6,600. It is one of the best if not the best in history. To give you some context at that time i had been negative on stocks all the way down at one point telling people if you needed money in the next five years you should pull it out of the market. Here is haynes down from when i said that. As fearful as you might have been the big decline had become too unsustainable. It wasnt time to sell anymore. It was time to buy. Buy buy buy. I will step out on a limb here. I dont think we are at