Florida. I recognize the gentleman from north dakota for five minutes. Bezos, my colleagues brought up they were discussing thirdparty sellers this policy specifically noted possible loopholes that allow amazon to review nonpublic and aggregate data to inform private rams even in instances where there are only a few thirdparty sellers. Where exactly does amazon draw the line . Data would bee more than one seller . The person seeing the report would have no way of knowing how rs are inside that group or what the breakdown would be between those sellers. That is different from a list or product ranking which we do make public. Does amazon allow the use of aggregate data to inform private label amazon brands when there only a few sellers for a product . Does amazon look at i could dictate up when there are only two sellers of a product . Yes, sir. Isand my correct amazon conducting an internal investigation on the use of thirdparty data . Are basically trying to understand some of the ane
Industry. They took questions about the use of thirdparty seller data and allegations of anticonservative bias. The subcommittee will come to order. Without objection, the chair is authorized to declare recess at any time. Welcome to todays hearing on marketing power. Amazon, apple, facebook, and google. I would like to remind members we have established a distribution list dedicated to circulating specific motions or other written materials members might want as part of our hearing today. If you would like to submit materials, submit them to the email address distributed to your offices. We will circulate materials as quickly as we can. Thatld also remind members face coverings are required for all meetings in an enclosed space such as Committee Hearings. I expect all members on both sides of the aisle to wear a mask except when you are speaking. I recognize myself for an opening bateman Opening Statement. This committee launched an investigation into Digital Markets to document compe
House is openly collaborating with a Us Company Microsoft to buy part of talk which we have banned so its so bad that it has to be banned why are we buying it or did we ban it so we could buy it. Seems to defy the very free market principles that we tend to stand for and of which we often. Accuse china just sand. But im not going to go there im going to go there i want to tell you about Something Else Something Else that is taking place as we speak that the media world tends to not be reporting on. If you know how were always hearing about how Chinese Companies are stealing this and stealing bad and stealing our Technology Well i want you to listen to this siri. Call and. They go and siri you know it right its a technology thats become part of our new normal anywhere in the world. Well guess what. It may not be an american invention. A chinese Artificial Intelligence Company Named charlie i has filed a lawsuit against apple for stealing it they say they patented this Voice Recognition
Blew up in a few people make billions and billions of dollars because they cooked the books and they grabbed all that cash and we had cars reports said you know what this exact same thing is going to happen again in 10 to 12 years and guess what here we are 12 years later and stacey and it continues to happen the last time in the 2007 to 2008 financial crisis we had cd those collateralized debt obligations and Mortgage Backed securities and credit default swaps and these things and then lo and behold the Global Financial system collapsed and lo and behold our Central Banks that done with a lot of money that is now being dorf by the amount of money being printed for this go round but the bad stuff actually hasnt even happened yet this is what this article is warning about and its from Frank Portnoy who used to was working at Morgan Stanley at the time of the 2008 financial crisis and hes kind of warning that is going to happen this time but the new c. D. O. Is called the c l o the colla
Started sort of sorts of interrupt but you say this is not a nuclear bomb but would not the effects be the same as a nuclear bomb if obviously it does reach meltdown and there is an explosion. The chemicals that are going to be released are similar actually the chemicals released from other radioactive chemicals released from a nuclear bomb disappear quicker than the radiation is released in a Nuclear Power plant all were looking at an apocalypse this is true and noble on steroids do you think its definitely going to happen or do you think crisis could be averted no i dont think crisis can be averted. Containment building of the davis massey Nuclear Reactor could keep that power plant shutdown longer than expected 1st energy says it will restart look Lance Clinton cracked display just those who live in the shadow of dyspepsy see any problem can be alarming i dont give a whole line of thought that once in a while when you hear theres something wrong like that concerns you. The Nuclear R