i m a full throated capitalist. i m been an entrepreneur my whole on life and have done really well owning these stocks. and i think key to capitalism is competition and the markets are failing. they are no longer competitive because of the dominance evof these companies. but thank you for pointing out that i am a proud capitalist. are they monopolies in the conventional sense of the word, are they akin to made be bell b the breakup? i would argue yes, but a monopoly in itself is not bad or illegal. it is abusive monopoly power and i would argue a dough like google that has 9d company lik google that has 92% market share and taking you to a point that they can monetize is an buszing that power. think about this, 92% share of a sector now by dollar volume greater thanes advertising
can engage in anticompetitive behavior. i think it s time. tucker: we have a whole lot of federal laws against it. google for example which has a choke hold on all human information. everything youis could know is n google. they have an effective monopoly on searching. that seems like too much power for any organization. why hasn t congress done anything to reduce that power and the threat to the rest of us? well, that s the correct question. google, 92% of the market by dollar volume is bigger than the entire advertising market of any nation with the exception of the u.s. it will probably blow by the ad in two years.u.s. current antitrust law is based on the premise that if it s good for the consumer, then it s good for society. that s what we are wrestling with. most people have a difficult time arguing that google isn t good for the consumer. the problem is we don t know what we don t know and that is that we don t know what
mexican-americans and latinos, who have made so many valuable contributions to the success of our nation. in light of the statements made by donald trump which are inconsistent with macy s values we ve decided to discontinue our business relationship with mr. trump. that is macy s statement. here s donald trump s. i have decided to terminate my relationship with macy s because of the pressure being put on them by outside sources. while selling trump ties and shirts at macy s is a small business in terms of dollar volume, my principles are far more important and, therefore, more valuable. i have never been more happy about the fact that the ties and shirts are made in china. and should i start a new product line somewhere in the future i will insist that they are made in america. tamron to that point, when donald trump was on cnn on sunday cnn asked him a question about the donald trump ties that are actually made in china, why aren t they made in the united states, and donald trump d
really careful. we think financial collapse, the economic downturn, a bailout of the banking system and first and foremost, the dollar volume of car lending in a sub prime car lending isn t enough to wipe out the banks and require a bailout, number one. and unlike the housing boom, these lenders know that the car, the asset depreciates in value. one of the hallmarks of the housing boom and bust was that lend makers didn t think that housing markets would fall and didn t write the loans appropriately. new york times covers a lot of these loans that are made to people where it appears as if the car dealers are filling out paperwork and making up information about people s incomes, where they work, their job histories and getting them into loans that are way more than the value of the car which is illegal, frankly. and it s not covered by the banking industry because this is part of the car dealers, not
the full consequences of a default or even the serious prospect of the default by the united states are impossible to predict and awesome to contemplate. d denigration of the full faith and credit of the united states would have the dollar volume of the exchange markets. that was president reagan. the department issued a report this week that said a positive default would be, quote, catastrophic. credit markets could freeze, the value of the dollar could plummet, u.s. interest rates could skyrocket and there might be a financial crisis and recession that could echo the events of 2008 or worse. on the other hand, the fed continues to pump money into the economy. given that, what s the likelihood that a default would be catastrophic? look, chris, the good news is there is a majority in congress that s ready to do the right thing, that s ready to vote i m asking you not a political question. and the united states, for