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I call to order this hearing of the Senate Subcommittee on consumer protection, product safety, insurance and data security. As the title suggests, this subcommittee exercises wide jurisdiction over a diverse range of topics. This will be our first hearing this congress to examine matters pertaining to insurance, specifically, that of Insurance Fraud. Thank you to our expert witnesses who came here to join us today. Insurance fraud is a major concern not only for insurers,we who bear the costs of fraudulent claim payouts, but also consumers, who see these costs passed on to them in the form of...

I call to order this hearing of the Senate Subcommittee on consumer protection, product safety, insurance and data security. As the title suggests, this subcommittee exercises wide jurisdiction over a diverse range of topics. This will be our first hearing this congress to examine matters pertaining to insurance, specifically, that of Insurance Fraud. Thank you to our expert witnesses who came here to join us today. Insurance fraud is a major concern not only for insurers,we who bear the costs of fraudulent claim payouts, but also consumers, who see these costs passed on to them in the form of...

Good wednesday morning. Welcome back to squawk alley. Kayla tausche and myself at post 9. Jon fortts on assignment and inside. Com founder and ceo Jason Calacanis and greikoff partners ellie wheeler. Guys, good morning to you both. First to our top story. A busy morning on capitol hill. Just moments ago, House Republicans along with Vice President elect mike pence making a joint statement on the future of obamacare. We have Team Coverage this morning. Eamon javers in washington, john harwood outside trump tower. Eamon, lets begin with you. Reporter good morning, carl. You just heard from the V...

We begin this morning with a look at todays eye opener. Your world in 90 seconds. I say its time for us to come together as one yuted people. United people. A historic night as donald trump is elected president of the United States. For all of the talk about donald trump not accepting the outcome of this election, Hillary Clinton has not delivered a concession speech. She has done an amazing job and she is not done yet. The pollsters are dead wrong. Their predictions werent worth the paper they were printed this is a white lash against a changing country and a white lash against a black presid...

All the viral affect that those plays have, but theres a huge inf infrastrushlgt play thats almost impossible to beat. This is the classic example that if someone gave you money, you would probably have to return it because its almost impossible to compete with them. To put it in perspective, you talk about 150 global fulfillment centers. Thats just building those. The land alone would take a competitor a decade. Its going to be difficult for traditional retailers to regear how theyve been distributing their products. Let alone, to tap into that what we believe 65 million prime users. One last...