The midst of the pandemic. U. S. Stocks rising today despite no new stimulus. Yet, even shares of google. Alphabet shaken off the threats of antitrust scrutiny. Joining us, abigail doolittle. Why would google shares rise on a day that the Justice Department is filing a suit that could threaten to break google up . Abigail not the response you would expect from Investors Committee u. S. Suing alphabet usingcusing it of monopolylike powers. This is not exactly new. Theres been many shots across the bow. We have had executives from many of these Big Tech Companies testifying before congress for a couple of years now. The fact that google is underperforming on the day. At one point, it did dip briefly lower. You could make the case that it is really priced in. The stock price over the time period when we have seen some of the congressional testimony, it has underperformed some of the other Tech Companies, telling you that there could be some idea that investors are not surprised by this. W
Up 67 from its march low after what was a run the new high. You have sales force, youve got apple, microsoft some of the tech titans all under pressure thank you very much i like the fnew angle on the house. We have the market angles as well rick is looking at the bond market where its rebounding bob, lets start with you. Remember, we could go either way right now. Remember yesterday look at the s p. Around 11 00 we bottomed what we have is a good example of of shooting the last eight trading sessions for tesla, 400 eight days ago it goaes to 500 and back to 400 thats a complete round trip and overshoot on the downside as i mentioned before same thing with nvidia it was 500 five or six trading sessions ago goes to 580 and back down to 500 and below that. You can overshoot on the downside theres the s p there. You tend to overshoot on the downside as for the megacaps, a little perspective of whats going on its true that microsoft was down 7 to 8 this week its up 33 for the year this is
Just hours before the hearings and one day before they tell the world how much money theyve got, all their stock prices are on the upside. All right. Now to politics. Joe biden says he will announce his Vice President ial pick by the end of next week. Its probably the most important veep selection in history. Hes 77. Hes forgetful. Occasionally unfocused, and he does not campaign vigorously. If he wins in november, who will really run the country . We will find out. Getting back to classroom learning. Looks unlikely in many parts of the country. That means parents scrambling for child care and lower educational standards. The American Federation of teachers says their members will strike if safety is at stake. They dont want to go back. The unions president will join us shortly. As you look at the early market action, remember there will be a Federal Reserve News Conference this afternoon. That will give us a hint as to how much money they are going to print and how long Interest Rates
On just how to win skeptics over to their. Rescue package plus. A vision seeks to raise 10000000000. 00 in aid we look at the plight of. As the economy is on the verge of collapse. And visit a city in thailand thats being televised by monkeys with no tourists to feed them because of the pandemic gangs of the hungry animals roaming the streets in search of cool. Welcome to the program Chinas National Peoples Congress has passed a controversial. That critics fear will give beijing more control over the semi autonomous state of some people in hong kong the support of the new law democracy activists opposed critics say the motor streets freedoms and is at odds with the one country 2 systems policy agreed by china when it took control of the. Former british colony in 1970 britain has pulled a new law which comes into force digitally of the stamp but hong kongs chief executive so the law would only target a small criminal minority she added this for those foreign governments or politicians r
Website via the app but its north of 100 Million People and then we have over two and a million reviews that have been submitted. Host how do you make money . Guest yelp not unlike services with google it is a vertical Search Engine that basically if i do a search for a dentist in san diego there are a handful of dentists who are paying to basically have a sponsored clearly labeled as such link that lives above the organic search results and therefore they get more discovery of their business and more patients coming through the door. Host mr. Lowe, you are the senior vp for Public Policy so we have you on the communicators to talk about Public Policy issues and in a recent testimony in the senate you are quoted as saying quote, google has conditioned consumers to expect for the best and most relevant results from around the web even though they no longer were by doing so but google physically demoted non google results even if they contained information with Higher Quality scores than