Changes ahead of its big hong kong listing. New controversy for one of wall streets most powerful Investment Banks this time over Sexual Misconduct allegations. And then ditching sin city, yes, ditching it, one of the biggest casino operators in the world on a plan that would focus the company entirely on mccaw and singapore. Youre watching Worldwide Exchange right here on cnbc on tuesday, october 27th, 2020. Viva las vegas good morning im dominic chu in for Brian Sullivan today. Lets begin with stock futures right now showing relative stability after big losses yesterday. You can see here the s p implied higher by just about seven points the dow implied higher by 37 and the nasdaq by 36 not large gains by any measure implied. However, after yesterdays losses they could be viewed as somewhat stable. A closer look at the dow futures over the past 12 hours were well off our session highs as you can see here and just a hair below the lows of the level we saw in the overnight session as yo
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
They were next scheduled to meet march 17, so essentially coming out today and saying we will use the tools we had to keep monitoring the situation. Comes at a day the g7 finance ministers all got on a call and talk about what to do about the coronavirus. Is that a coincidence or is there some connection . The financetially ministers, led by Steven Mnuchin because the u. S. Is the host country for the g7 meeting, had a policy morning to talk about the coronavirus and the effect on the economy. Only hours later we saw the fed said they were going two. , he wasy as powell said going to talk to central bankers around the world. We think this will put more pressure on other Central Banks to potentially make a move. There was some talk in the markets about how whether or not the banks will make a coordinated move. The banks will move first. We will talk about what happens next with the boe, the bank of canada, etc. Guy did jay powell explain why this move will address this problem . He admi
The context of this visit is that theres been an increase of u. S. Sanctions against iran as an increase of tensions in the region and theres a military buildup but also side uribe has accused iran of being behind the attack on the Oil Facilities for president rouhani said this morning that the United States has cheerier motives. Are massively. Regarding the issues in the region they are exaggerating what has happened to iran cause what is the reason for that the reason is that americans want to keep control of the whole region now they say they want to bring Patriot Defense systems into the region its clear they want to keep control of saudi arabias oil that comes from the eastern part this conflict is not about us it is about the american competition with chinese and others they are taking advantage of this opportunity president rouhani is also expected to present an alternative peace plan thats in the face of the u. S. Naval coalition that theyve put together what the u. S. Says is
The chopping block the New York Times is now reporting that as part of a possible settlement to resolve thousands of federal and state lawsuits the Sackler Family would give up ownership of Purdue Pharma the company blamed for much of the opiate epidemic and paid 3000000000 of their own money but for that but the punishment for the socceroos wouldnt end there the times goes on report that in addition to that there are 3000000000. 00 cash payout the sacrilege would sell another drug company they own monday pharma and contribute an additional 1500000000. 00 from the proceeds this could essentially force the Sackler Family out of the opioid business to the tune of 4500000000. 00 just on their own expenses but are just bankruptcies and fines enough does that bring justice to the millions upon millions of lives destroyed by the opioid epidemic. Lets point out as we start watching the whole. You. Want to. Treat this like real that its like. As if the plot of. The day like you know that i got