Employees and if you break a company like that up, if you can manage it do it, theres going to be unattended consequences. Tonight at 8 30 p. M. Eastern on cspan2. Next on cspan3, a house judiciary subcommittee on whether Big Tech Companies like google, apple, facebook and amazon engage in anticompetitive practices that hurt smaller online companies. Rhode island congressman David Cicilline chaired the hearing. Good afternoon. The subcommittee will come to order. Without objection the chair is authorized to declare recesses of the committee at any time. We welcome everyone to the second of our series of hearings investigating competition in the digital markets. This one on innovation and entrepreneurship. I now recognize myself for an opening statement. 30 years ago the First Software for the worldwide web was released into the Public Domain to create a Global Communications network. Within a few years, search and browsing services were built onto the software to give people tools to c
Certainly all of those round numbers which doesnt leave a ton of room to go from here. Lets die deeper into the Market Action with abigail. Thinking about the what you were talking about for the s p 500 in the month of august, truly in the Third Quarter as well the s p stuck between 50 and 200 Day Moving Averages. The longterm buyers have more conviction. Lets look past the last year. During the volatility ofarly went belowthe s p the 50 Day Moving Average, it couldnt get out of the way. Testing the 200 day several times then finally during the summer taking the stairs higher. Once below that. The floor fell out below the 200 Day Moving Average. An interesting case back in may, the choppiness around the trade, we see the 50 Day Moving Average did not hold. The 200 Day Moving Average briefly slides in between the two averages area this chart just shows more choppy trading ahead. At least a test of some sort of the 200 Day Moving Average. Thanks abigail. I am looking at the british sterl
Cap it will one shares plunging after a massive date at that breach exposes 106 million customers private information. Dragging amazon into the mess. That and so much more on making money. Charles the fed kicks off the twoday meeting, the president has a message, start cutting. I would like to see a large cut and i would like to see immediately the quantitative tightening stopped. Quarter point enough . Then to have done quantitative tightening, also higher Interest Rates simultaneously, i think was a big mistake. Charles while the fed is expected to cut rates a quarter basis point President Trumps unrelenting pressure on the central bank comes as the American Consumer continues to hold up the economy. Consumer confidence surging to 135. 7. Keep in mind that versus an estimate of 125. Here to break it down, bellpointe chief strategist david nelson and author of the up side of inequality, ed connor let me start with you, david. First of all, the fed tomorrow, what do you see happening .
We start with amazon, because the Online Retail giant has revealed another set of mind boggling sales figures. Ceo jeff bezos says efforts to make one day delivery the norm for prime customers are paying off with accelerating sales growth. Shares have fallen though as investors were disappointed with how little profit amazon is making on all that business. Lets show you the details. Amazon made revenues of 63. 4 billion in the three months to the end ofjune. That was up 20 on the same period last year. But only around 2. 6 billion of that was profit less than investors were hoping. And its forecasting profit could be lower in the current quarter. Amazon has been spending heavily 800 million in the past three months alone to try and offer one day delivery on more products. Ceo jeff bezos says its now available on 10 million items and that is boosting sales. But amazon is facing growing pressure over its sheer size and power. Its facing antitrust investigations in the us along with the o
Good afternoon. The subcommittee will come to order. Without objection the chair is authorized to declare recesses of the committee at any time. We welcome everyone to the second of our series of hearings investigating competition in the Digital Markets. This one on innovation and entrepreneurship. I now recognize myself for an opening statement. 30 years ago the First Software for the worldwide member was released into the Public Domain to create a Global Communications network. Within a few years, search and browsing services were built onto this software to give people tools to communicate, share, and explore information through decentralized platform that was designed to be open and nondiscriminatory. An internet pioneer and codesigner of the internets early architecture testified in 2006 on behalf of google that the overarches principle of the open internet was no central gatekeeper should exert control over the internet. As he noted this open and competitive environment meant ent