Hearing on Online Platforms and market power focussing on the free and Diverse Press. I recognize myself for an opening statement. In recent years, there has been a cascade of competition problems on the internet. Concentration has pushed local journalism to the verge of extincti extinction. The combination of predatory acquisitions and high Network Effects and switching costs undermine entrepreneurship and startup rates. The sheer dominance has resulted in less products leaving people without a competitive alternative of services. In response to these trends, the committee announced we would conduct a bipartisan investigation into competition in the Online Market place. The purpose stoof document anticompetitive conduct online and sense whether our competition system and current enforcement levels are adequate to address the problems. We will conduct a top to bottom review to a series of hearings, request information relevant to the information and engage in a series of discussions. T
Bezos and tim cook attending. Caroline a global ai coalition on his visit to the middle east and the next stop may be we will see him over on capitol hill. We will discuss that and more. We will start on these markets up. 25 . The nasdaq managing to pull itself up. This is once again really tackling inflationary pressures whether it is the ppi number or the cpi print showing inflation pressures dialing up. We see managing the nasdaq to outperform as markets pullback. I am looking at the two year yield where we are outperforming on the front end of the curve all the back end is pushing higher. The big move was yesterday and what is happening in the euro but what is happening in the Federal Reserve and global world banks and Central Banks and what the ecb said. Staying put in terms of Interest Rates but signaling that inflation pressures are dialing down and we could see cuts coming off by. 3 . We have a look at what else is performing. Crypto down. 2 and we just saw that 70,000 level. E
Nightline, daughters for sale, investigating back page, will be right back. This is a special edition of nightline. Daughters for sale, investigating back page. Good evening, there is explosive new evidence in the investigation into a website accused of enabling the trafficking of underage girls. For over a year now, our own abc news investigation has taken us through a sordid world of young girls for sale, and the efforts to stop it. This week, a major breakthrough with the senate finding evidence that the executives of back page douk were not only aware that minors were being sold for sex through ads on the site, but went to lengths to hide it. Heres abcs Gloria Riviera. How are you doing . Reporter for parents tom and nicole, its a long awaited day of reckoning. Good to see you. Reporter theyve come to the capital for a major hearing. Its time to accept that child sex trafficking has entered the digital age. Reporter targeting back page. Com, the controversial website they say destr
Investigating back page, will be right back. This is a special edition of nightline. Daughters for sale, investigating back page. Good evening, there is explosive new evidence in the investigation into a website accused of enabling the trafficking of underage girls. For over a year now, our own abc news investigation has taken us through a sordid to stop it. This week, a major breakthrough with the senate finding evidence that the executives of back page douk were not only aware that minors were being sold for sex through ads on the site, but went to lengths to hide it. Heres abcs Gloria Riviera. How are you doing . Reporter for parents tom and nicole, its a long awaited day of reckoning. Good to see you. Reporter theyve come to the capital for a major hearing. Its time to accept that child sex trafficking has entered the digital age. Reporter targeting back page. Com, the controversial website they say destroyed their daughters childhood. Back page is a 600 million company, built on s
Investigating back page, will be right back. Are you getting this . These numbers are off the charts. Sir whats the status . Theres a meteor hurtling towards earth. How long until impact . Less than a minute. What do you want to do, sir . Listen carefully. If we all switch to geico we could save 15 or more on Car Insurance. I like the sound of that. Geico. Because saving fifteen percent or more on Car Insurance is always a great answer. This is a special edition of nightline. Daughters for sale, investigating back page. Good evening, there is explosive new evidence in the investigation into a website accused of enabling the trafficking of underage girls. For over a year now, our own abc news investigation has taken us through a sordid world of young girls for sale, and the efforts to stop it. This week, a major breakthrough with the senate finding evidence that the executives of back page douk were not only aware that minors were being sold for sex through ads on the site, but went to