I want to thank everyone for being here today to examine the use of persuasive technologies on internet platforms. Each of our Witnesses Today has a great deal of expertise with respect to to algorithms and as well as in the more narrow context of engagement and persuasion and brings unique perspectives to these matters. Your participation in this hearing is appreciated. I con vain this hearing in part to inform legislation i am developing to give consumers the option to engage with the platform without having the experience shaped by algorithm use specific data. Internet platforms have transferred the way we interact and made positive ways on society in ways too numerous to counting. The vast majority of content is innocuous and at its best it is entertaining, educational and beneficial to the public. However, the powerful mechanisms behind these platforms also have the ability or at least the potential to influence the thoughts and behaviors of literally billions of people. As one re
Rates. A couple members wanted to cut by 50 basis points instead of 25 basis points last meeting and most members viewed the 25 basis point rate cut as quote a midcycle adjustment. Members think trade tensions are far from settled. They expect trade uncertainty to persist. While the minutes are released with a threeweek lag and since they met, President Trump decided to move forward on further tariffs on remainder of chinese imports, it appears fed officials view actions like that likely to persist. So bottom line here, charles, while the fed cut last meeting it is unclear whether further Interest Rate cuts are going to be a slam dunk as they want to preserve optionality even in the face of ratcheting higher trade tensions. Back to you. Charles jennifer, thank you very much to help hash this out, President Trump continues to press on the fed,. Fed chairman Jerome Powell has totally missed the ball he said on Interest Rates. Watch. The Federal Reserve let us now. They missed the call. T
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
And double digits, softbank announced its second vision fun after its wildly popular first tech fund. How it is changing up the landscape. First, our top story, uber out with secondquarter results including a 5. 2 billion loss. Sales, bookings, and monthly users all missing estimates. Shares down to the lowest level since may. Here to crunch the numbers and break down uber eats an active users is Mandeep Singh of bloomberg intelligence. Payment fairly disappointing, what is your biggest take away . I think it was just a revenue miss, and part of that was related to the use of subsidies in their ridesharing business, i the food business. I think they have been using subsidies for a while. They have been seeing pricing pressure because uber eats is a very fragmented market. On the core ridesharing side, i think theyre doing fine. It is just the law of large numbers is catching up. To me, it looks fine. Emily i should add that the adjusted loss was lower than anticipated, 656 million vers
The fbi is now releasing personal property of the victims. Specifically on the parkside of the gilroy garlic festival. For vendors, its a little different. Vendors will be contacted directly by the Garlic Festival Association so they can obtain their items. Those items left the festival site are now here at rucker elementary about five miles from where the shooting took place. The fbi has cataloged and tagged each item so you need to describe what you lost and fill out a short form. This center has been opened all week run by the das office. Staff have been providing counseling, Daycare Services and helping to process applications for financial compensation. The center will remain open through the weekend. Thus far weve served approximately 250 of the victims and that weve served in person and over the phone. In charge of the fbi San Francisco Field Division. This is a live News Conference in gilroy, an update from the police department. Lets listen live. For some of the Media Outlets