Our chairman, the chairman of the full Senate Judiciary committee, senator graham, for his support of this hearing. After i and then senator klobuchar giving our opening remarks, well hear from two panels of witnesses with questions from members of the subcommittee. We have Something Interesting to deal with in the senate and every time they call votes, when they call votes during a subcommittee hearing, were at their mercy. Senator klobuchar and i have both cast our votes on the first of a series of three or four. At some point, were going to have to pause or tag team as we allow other members to sit in for us, just dont be alarmed if that happens. The focus of todays hearing is googles Online Advertising business. Whether its a monopolyist and whether it might have engaged in any conduct that harms competition and harms consumers. But before we go into that, i want to say just a few things about antitrust policy more broadly. Ive been a member of the subcommittee ever since 2011 when
It and shares of astrazeneca falling premarket, the drug maker hitting pause on its late stage Coronavirus Vaccine trial. Jim, you just tweeted coming to us in a few. Fired up about what . Fired up because i think that people have given up we had 10 correction, most of the people i heard except for jim pullsen in the previous show basically say, look, this is a dangerous its a bubble, its a bubble, its a bubble. Now, i think that anytime the market opens up big, carl, i dont like it but europe is up strong, i think that this idea that its a bubble, what is the it is the it tech is the it apple . Is it tesla . Lets take it case by case ive seen things that have come down a lot that are very interesting. Its just that im not sitting here saying this is the moment where you must buy all the zoom in the world but zoom just fell 30 zoom had a really great quarter. I had cloud strike on last night. People will say these are viciously overvalued, but they have come down and maybe this is the
9 after reporting yesterday afternoon. Lets take a dive deeper into snaps quarter stifels john eggbert and Lloyd Wamsley of Deutsche Bank joins us now gentlemen, you both have buys on this stock, and there was interesting commentary from snap about how theyre expecting lower user growth in the Third Quarter, and theyre also anticipating there will be significant revenue headwinds, even though the first 19 days of the quarter they showed 32 Revenue Growth so jon, tell me, why are you so bullish . Well, im bullish because of the longterm story. And i think that the underlying trends are still intact. On the short term, it sounds like the Third Quarter will have some complications were not exactly sure how much sports well have. Back to school may be limited in parts of the country feature films wont be launching like they normally do, and those are big areas of brand advertising spend that snap and other Digital Media players benefit from in the short term but in the long term, the direc
Seeking benefits in a sign that economic pain of this pandemic is far from over tax according to an analysis but the chamber of commerce in 59 minutes left of trading in the day. The city says the tax could yeah, tiny leg lower. Result in companies wanting to leave the city and, guys, its down 0. 4 . Not just here in San Francisco only two sectors, energy and but also in seattle. Theres a proposal to tax big staples in the green still coming up, Digital Finance businesses to pay for covid19 company sofi landing the number relief back to you. I mean, could it could eight spot on this years disruptive 50 list encourage companies to leave the well spee with anthony noto worst case, of course, is something that is structured this way is it could encourage formerly of twitter, Goldman Sachs, and the nfl about his Companies Companies to companys efforts to take on the get rid of some of the lower big banks. Were looking forward to that paid workers one. First of all, lets focus on the big st
Far alex jones is crazy well heres bill gates feeling cam trails of the deer heres a twice convicted predatory monopolist who also supports general lee modified organisms and genocidal side effects they may have asking the world to accept what would be the analogy lets see youre being surveyed upon 24 hours a day by his technology and you can see the sun. Prison thats it bill gates is reinvented prison for profit thank you bill. It so this is geo engineering by the way could they warn eradicate Blue Skies Forever it could alter regional weather patterns in a way we dont understand and according to Steven Gardner who is the author of the perfect mall storm the ethical tragedy of Climate Change he says these consequences might be horrific they might involve things like mass famine mass flooding drought of kinds that will affect every will affect a very large populations well you know bill gates is a guy that is lauded as a smart guy who reads a book every 2 days in billions of dollars bu