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July 16, 2024
Market. Thats the way it seems. Secondly, the europeans have announced a massive stimulus plan, close to a trillion bucks. Its really a bailout mainly for desperate italy and spain. Printing the money over there helps us over here. When that bell stops ringing and we start trading, the dow is going to be up, what, about 300 points. The s p will be up about 26 but the nasdaq on the down side. Tech taking a bit of a hit this morning. Who would have thought we would see this. For a second day runni...
July 16, 2024
Her series of hearings investigating competition Digital Markets. This one on the role of data and privacy and competition. I now recognize myself for an opening statement. I should state the obvious, im not the chairman of the subcommittee. The chairman will be in a few minutes. Digital technologies have provide americans with remarkable array of services. It is never been easy to share news and information to publish content and to commit it with loved ones. All at a moments notice. As the tec...
July 16, 2024
Uncertainty with progress with autos and services leading the declines finlands 10year bond yield jumps into positive territory. Risen the most since President Trumps election good morning and welcome to the show shares in richemont are deep in the read double digit revenue declines. The key market in hong kong overshadowed by the u. S. This is in contrast with other results. Talking about the likes of lvmh. Hermes is still slightly positive swatch down about 1 Christian Dior down about a quarte...
July 16, 2024
Billion euros. It is cutting the delivery target. Lowering the outlook for deliveries this year. This is amid economic jitters in europe and also in an unprecedented slump in autos in china. The world eats biggest car maker, lets remember, thats hat v. W. Is. Also got an upbayer. They are saying the plaintiffs have more than doubled to 42,000 plaintiffs. That is an important update there. It is confirming its outlook and it is aligned to continue operations. The agreements have been signed im tr...
July 16, 2024
The subcommittee will come to order. The chair is authorized to declare recesses at any time. This one on the role of data and privacy in competition. I recognize myself for an opening statement. I should state the obvious, im not the chairman of the subcommittee. The chairman of the subcommittee will be here in a few minutes. Digital technologies have provided americans are a remarkable array of services. It has never been easier to share news and information, to publish content and communicate...
July 16, 2024
Amazon big quarter josh lipton live in san francisco. Besides the bottom and top obviously investors concentrate on the q 4 guided are guidance light. Between 86 and 86. 5 billion. Obviously for investors thats critical q 4, the Holiday Quarter dy just have a call with amazon cfo brian osafe ski. There are onetime items he mentioned weighing on q 4. He mention add consumption tax kicking in japan, from 8 to 10 . That created prebuying in september having a net negative impact in q 4. But the cen...
July 16, 2024
Good morning. The committee will come to order. Thank you for joining us today. Im pleased to welcome federal trade commissioner Joseph Simons and commissioner chopra. Batting. 100 so far . 1000. Its the cupping im thinking of. It has been more than seven years since the ftc has appeared before this Sub Committee. Youre right. Its overdue, and ftc is one of the most important agencies this Sub Committee funds. And its only gotten more important over the last few years. You have enormous jurisdic...
July 16, 2024
Th dollar in more than a decade. Most european markets were down 2 . Hong kong was dow 3 and then it was time for wall street to get to work, and it wasnt pretty. When you have names like apple down 5 , boeing down 2. 5 you know youre going to be in for a rough time, andxa thatsly what happened today. Here are the final numbers with the dow down 767 points just about 3 . It had been down nearly 1,000 at one time. The nasdaq was hit the hardest off 278. About 3. 5 s and the dropped by 87. It was ...
July 7, 2024
Can implement protections. And id like to especially thank my friend and colleague, Ranking Member, tom tillis and his staff for working with us on such a collaborative basis to put this hearing together. Welcome back from vilnius, senator tillis was over at the nato summit and im thrilled , hes able to join us and were able to do this hearing today. This is our second hearing in as many months on the intersection of Artificial Intelligence and intellectual property law and policy. You and your ...
July 7, 2024
And id like to especially thank my friend and colleague, Ranking Member, tom tillis and his staff for working with us on such a collaborative basis to put this hearing together. Welcome back from vilnius, senator tillis was over at the nato summit and im thrilled , hes able to join us and were able to do this hearing today. This is our second hearing in as many months on the intersection of Artificial Intelligence and intellectual property law and policy. You and your team have been great partne...