has announced an anti trust investigation into leaving internet firms believed to include google facebook amazon and twitter we're looking into whether the online platforms have been abusing their market dominance and hindering competition white house has accused social media platforms of story censoring conservative viewpoints on. privacy trade wars and tariffs that take a toll on world trade and its latest forecast of the global economy the international monetary fund has slightly revised growth expectations downwards for most regions in the world. the number of shipping containers on their way to china could decrease soon the punitive tariffs imposed by the usa and china on each other are a particular burden on world trade and with the development of the global economy the international monetary fund also sees a risk in u.s. sanctions which could interrupt global supply chains in the technology sector apparently a reference to the u.s. government's conflict with chinese telecoms equipment maker huawei. after global growth of 3.6 percent last year the i.m.f. expects only 3.2 percent this year

the white house says they are unfairly target american companies like facebook apple google and amazon and as threatened punitive trade measures against paris big technology companies like google amazon and facebook operating in france will soon be paying more tax france's senate has approved a 3 percent tax on tech companies doing business there the aim is to plug a taxation gap that allowed some internet heavyweights to avoid tax in countries where they make their profits and to book their income in low tax countries like ireland it's estimated the livy could net france $400000000.00 euros this year and 650000000 next year before the vote french finance minister spoke out against the growing power of big tech. start. we can all see the emergence of economic giants with monopolistic attributes who not only want to control a maximum amount of data and make money with this data but also to go further than that by in the absence of rules avoiding taxes and putting into place instruments that could tomorrow become a sovereign currency. the show keep away dumont home would have formed meli

order to our answer this you also said that it wasn't correct that some companies such as google facebook amazonpple you know just a few are basically making hundreds of millions of dollars they have the sort of economic clout and power of the small state but they are not really accountable or taking proper responsibilities and this kind of tax on tech giants not just american ones or about 30 companies involved is some of french or chinese this tax was one of a model marc calls a campaign promises the french president has really said that it's time that these companies paid more and that's likely to be very popular here in france where many people have been demanding attacks like this in fact it was one of the main demands of the l a vest protesters were for the moment such will leave the moderates with you in paris let's cross over the pond so to speak and speak to my color in washington d.c. and if natasha's certainly scenario plays out. d.c. is not going to be very happy about this could be as a heading towards another trade war similar to that of u.s. and china. well the key to it is that t

esto pone en la mira a google, facebook, amazon, entre otros.ide la cantidad de personas que estÁn presentes para unirse a ese grito, diciÉndole al gobernador que tiene que renunciar. cuÉntame, de dÓnde vienes? >> venido de cayey, de las piedras, de san juan. que renuncie ya! carolina: quÉ significa para ti estar presente esta noche, uniÉndote a este grito. >> me siento con el corazÓn hinchado. este es un gran ejemplo para que ricky renuncie ya. se acabÓ, no lo queremos! carolina: se te quebranta la voz. es un momento muy especial para puerto rico, nunca habÍamos visto al país tan unido. es impresionante, me quieres decir algo por acÁ? >> que se acabÓ, que se salgan. lo que ha hecho cada uno de ellos arriba, no es simplemente por lo del chat. todo el mundo habla malo. que ya dejen el abuso, estÁ bueno ya de que estÉn jodiendo al paÍs, especialmente con salud y educaciÓn. un pueblo bruto, lo pueden dominar. estÁn fastidiando a los chamacos hoy en dÍa. yo estudie en escuela pÚblica. carolina: que eso cambie. >> claro, educaciÓn y salud las cosas m

you have executives from google, facebook, apple, amazon, abouttly facing lawmakers widespread competitionus with more now is jennifer reed, for antitrust litigation. what is your key takeaway? that having all four of them in differentith so many issues they are facing, how do you combine that into one hearing? >> it's essentially a problem. still ongoing, it started late, has happens. characterized these companies, google, facebook, amazon, apple, has innovators that are great for consumers and businesses and it brings only legitimate and competitive benefits to the marketplace. marketplaces in which they exist . i think we saw the difficulty of having an antitrust hearing the four different countries. when you get into the questioning, they have very little time. it's about specific conduct. they have all had difficulty so far trend to get into the nitty-gritty of the difficulties of these countries that have criticized the subject. >> i was listening to it, i caught the first hour. they were all over the map, with the questions, and clearly didn't seem to understand some of the business

facebook, amazon and google parent alphabet fell.uggesting policy missteps on trade talks and brexit could derail a projected rebound. the fund expects the world economy to expand 3.2% this year, slightly more next year. about 1/10 of a percent down from its forecast in april. that lowers expectations from what what already the lowest since the financial crisis. the bank of japan is likely to lower its forecast for the year. they also downgrade some of its growth projections when policymakers meet next week. the bank will cut its out -- inflation outlook to 1.1% for the year through march to reflect the impact of lower mobile phone charges. growth forecast may be ranging due to global uncertainties. british business is morning incoming prime minister boris johnson that he must avoid leaving the european union without a deal. johnson goes to downing street reiterating his pledge to leave the eu by the end of october, whether or not an agreement is in place. the confederation of british industry says that would be hugely worrying and t

we expect execs from google, facebook, amazon to face the house judiciary antitrust panel.hey will have to argue they do face plenty of competition for consumer choice with other companies, and defend their dominance. today's hearing is not meant to be an investigation into each individual company or put pressure on one over the other. really, this is an open hearing so that these lawmakers can get a sense of, what competition these companies do face. one house judiciary committee aide tells me there is not bipartisan agreement. that there should be a critical, targeted investigation into one tech company over another but this is kind of a fact-finding mission to hear their perspective. so facebook also we're expecting them to address or at least lawmakers to ask about the ftc fine for $5 billion over what happened with the cambridge analytica scandal. google is going to face a lot of questions over search at this panel but later today apple will need to address whether or not they have enough competition. the one interesting difference between apple and these other compani

massive companies like google, facebook, amazon. they are looking into how they got to this.'re looking to see if they reduce competition in any way. possibly harming consumers. i want to read, just got a statement from the attorney general's office. assistant for antitrust, without the discipline of meaningful market-based competition, digital platforms, they are not responsive to consumer demand. they're looking for antitrust issues. they basically constitute monopoly. they are harming consumers. >> there is a big piece today about how apple is getting real big competition from small companies coming out with 25-dollar smartphones. there's all kinds of ways the market can compete with big giants that the politicians don't see. >> let's look at those. their stifling innovation. >> really? can you think of a more innovative company they are bad for consumers. amazon is bad for consumers? they are reducing costs, not raising them. >> they created all of this. there was no internet comments. the same argument in the 90s, it was going to be no kia, other companies that would be

the unbelievable power tech giants, google, facebook, amazon influencingio our elections? we'll have that and more after these quick messages. we are coming right back. (ding) hey, who are you? oh, hey jeff, i'm a car thief... what?! i'm here to steal your car because, well, that's my job. what? what?? what?! (laughing) what?? what?! what?! [crash] what?! haha, it happens. and if you've got cut-rate car insurance, paying for this could feel like getting robbed twice. so get allstate... and be better protected from mayhem... like me. ♪ - [voiceover] this is an urgent message from the international fellowship of christians and jews. there is an emergency food crisis for elderly holocaust survivors in the former soviet union. - this is a fight against time. what we're dealing with is coming out, meeting someone who's 85, 90 years old, can't get around, has no food, has no water, and just wants to give up and die. and that's where we come in. we are called to comfort these people, to be a blessing to their lives. - [voiceover] for just $25, we'll rush an emergency survival pac

announced it would open abroad review whether big tech firms are monopolies which we are talking google, facebook, amazon, apple. the justice department wants to see if they engage in practices that reduce competition, stifle innovation and time consumers. the review will look at what the president has been talking about, amplified in social media or on search engines under the will the one silenced to decide which is which. >> they have not treated us fairly. a free society cannot allow social media giants to silence the voices of the people. >> and the announcement the assistant attorney general for antitrust says, quote, without meaningful market-based competition digital platforms may act in ways that are not responsive to consumer demand. the goal of the reviews to assess the competitive conditions in the online marketplace, the justice wants to make sure americans have access to a free marketplace. if they find there are violations from the big companies, the justices they will act in an appropriate manner that could mean the big tech firms could be broken up if the violations are serious enough. >

let's get you some other news now digital technology giants like google facebook and amazon are expected to be the main targets of a broad anti-trust investigation by the u.s. justice department while no specific companies have been mentioned the probe is said to be examining whether major online platforms have been abusing their market dominance and hindering competition. russian opposition leader alexei of all he says he's been arrested video on his instagram account to get to corruption campaigner said he was detained as he left his home in moscow to go jogging with all these arrests comes after he called for another mass protest most authoritative left there on opposition counter that's running in moscow's parliamentary election . russia and china have conducted their 1st joint air patrol over disputed islands between japan and south korea responds japan scrambled its jet fighters south korea did the same both countries accuse the chinese and russian planes of violating their airspace beijing in moscow insists they flew over neutral or else. well here in berlin the new defense minist

and of course the tech companies, google, facebook, amazon, senator warren launched her campaign by sayinge of the candidates used amazon prime day to go after amazon. >> let me switch gears for a moment and talk about the other big story this week that is the robert mueller testimony. i know you over at axios are previewing it a little bit and how democrats will measure success with the hearings and what possible reactions may come out of the 2020 candidates. what do you expect to see tomorrow in terms of that? >> yeah. axios has a great behind the scenes look at what democrats are planning because they have a big problem. robert mueller said he won't say anything new so if he sticks to that, how do they get the maximum bang for the buck? well, axios elena treene found the one thing they'll be looking at is tv rating, how many people are tuned in. even though this information isn't new in the report, it is new to most of the people watching it. i have said here on msnbc what democrats basically want is a dramatic reading of the report. well, sure enough, one of the members on the intellig

google apple facebook amazon these multi billion dollar tech giants are the main targets of france's gas attacks. an initiative that to make digital comompanies with the e.. bases elsewhere usually in low taxx countries such as islands and luxembourg pay more on the money they make it from. the tax will apply to free percent of didigital turnover generated i in france defined by the french government'ss as earnings from digital platforms for user to user transactions such as ibm be on the amazon. and digital advertising services notably targeted ads sold by google and facebook any tech company with a global digital revenue of more than seven hundred and fifty million euros. of which at least twenty five million is generated in france will be subject to the tax not only the big four will be afaffected. around thirty companies m mostly american but also chinese german and b british will be paying up. as well as thehe french digital advertising platform could tell you the french government is hoping the tech tax will generate up to fifive hundred million euros by. twenty twenty paris de

the white house says they unfairly target american companies facebook apple google and amazon are among the 30 companies affected french finance minister bruno the man says the 3 percent tax could raise off a 1000000000 euros a year president trump has ordered an investigation. yes look at this closer with a business reporter tilted welcome so which companies what sorts of companies are likely to be affected by these digital services tax well i mean we're talking about the most major tech companies that have business and actually earn their profits within friends i mean according to legislation it's companies that earn a size one of the profits within the country friends and also have a combined revenues of both just over 25000000 of course this is an only going to be hitting large american tech companies but that really is who this legislation is focusing on i mean the law is even being referred to as the google apple facebook amazon laws so it's quite clear who they're planning to get in their tax crosshairs and just just just to be clear these are going to be already paying tax well

shares of google, amazon and facebook falling after the justice department open ed an antitrust review shares are popping after posting a smaller quarterly loss than expected. >>> and wall street on record watch. the dow, the s&p and nasdaq less than a half percent away from all-time highs we'll bring you results from at&t, boeing and caterpillar before the opening bell on this wednesday, july 24th, 2019 "squawk box" begins right now. ♪ >>> live from new york where business never sleeps, this is "squawk box. ♪ >>> good morning welcome to "squawk box" on cnbc. we're live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. let's look at the u.s. equity futures. you are seeing some weakness after the dow closed within ten points of an all-time high this morning there is some giveback as we await to hear from earnings and news from big tech dow futures now indicated down by 81 points s&p futures down by close to 10 points the nasdaq down by 36. looking at what happened overnight in asia, you'll see the nikkei was up by 0.4%. hang seng

well next, the unbelievable power tech giants, google, facebook, amazon, influencing our elections we'll have that and more right after these quick messages. stay with us. we're coming rite back. i switched to liberty mutual, because they let me customize my insurance. and as a fitness junkie, i customize everything, like my bike, and my calves. liberty mutual customizes your car insurance, so you only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ >> well cyberattacks originating in communist china invading aid of the world technology service providers a smart strategy former cyberadvisor telling reuters thefts were part of elaborate scheme to advance chinese economy no kidding really? the u.s. justice department called the chinese denial of these attacks ritualistic and bogus i think they meant to say that chinese communist were lying sob's but maybe i'm just guessing research psychologist robert last night with carlson issuing stunning warning about the power that google and other tech giants possess. >> google and similar companies like facebook are a completely unreg

and digital technology giants such as google facebook and amazon are expected to be the main targets of a broad anti trust investigation by the u.s. justice department while no specific companies were mentioned the probe is said to be examining whether major online platforms have been abusing their market dominance and hindering competition. so united states now in a contentious day on capitol hill former special counsel robert muller has been testifying in congress over his probe into russian interference in the 2016 election and whether the trump campaign colluded with moscow he told lawmakers that the investigation found in adequate evidence to prove such a conspiracy but said once again his investigation did not clear trump of obstructing the probe many are viewing mother's testimony today as a last chance for democrats to build a case for impeaching president trump. robert mueller who spent 2 years leading an investigation determining if president trump had colluded with russia did not look like he wanted to be there but for democrats and republicans in congress this was an oppo

facebook, small loss for google and amazon. >>> this week a raft of tech earnings coming out, google, they all report later this week and they will surely move the markets. >>> there is a lot of hype around fake meat. turns out americans consume a lot of plant-based milk, soy milk, almond milk. demand is increasing. we have the story. >>> bernie sanders says he can't run a campaign paying workers $15 an hour. what does he do? he cuts worker hours. wait until you hear my take, top of the hour. ♪ on to the next job. the next challenge. the next place. on to the next level. and all the rewards that come with it. the all-new ram 1500. motortrend's 2019 truck of the year everything you need, to get on to bigger things. ♪ stuart: ah, a good one. a good one. it has rhythm. the pace is light. 15, 16 years old, it was fantastic news. susan: excellent. you're happy with the choice. stuart: i like it. i like it. >>> next case, boris johnson, chances of him becoming britain's next prime minister, very, very strong. you will know about it pretty soon. now president trump he had some positive comme

google, facebook, amazon will be in the hot seat this afternoon during a hearing with the house judiciaryommittee on antitrust. lawmakers will investigate whether the company's dominance stifles innovation and prevents entrepreneurs from starting new businesses. joining us is jennifer rie, our senior intelligence analysts for litigation. when the bigots and concrete moves on antitrust litigation? jennifer: we will be waiting for a while. there is a lot of excitement because there are these high-level executives coming to speak. it will be interesting what they have to say but this is just one of a series of a broad look at this committee is conducting in the power of big tech. it all started last month when they looked at the effect of traditional news from these companies, and then moving on to this innovation. there will be other hearings. ultimately, what they are looking at is whether there is a there isere, whether legislation needed to curb the power of the companies. that will take a little while. are they aligned in their message these companies, or does each have a message for la

this because this is about how we deal with levelling the playing field with the likes of amazon, facebook, googled really struggling. so talking about this is really difficult because we have an international consensus that is going to be built at the oecd where europe and the us are coming together and saying how do we keep itself out, how do we agree on the tax level that everyone can live with that means that one isn't trying to undercut the other, but this has been taking years. hammond's lost patience saying no, we hammond's lost patience saying no, we do need to start taxing the digital giants, the likes of casebook, silicon valley, taking back control from them. this 2% levy, the business community is saying, cbi, one of the biggest is this lobbying groups in the uk are saying no, no, no, we don't want to have a uk specific tax at a time when we are trying to sell this global britain message and be seen as really friendly to international businesses stop so you have a really interesting tension there. and, these are big, us, silicon valley giants. we are taking an aggressive approach to th

it hasn't named any firms, but companies such as facebook, google, amazon and apple are likely to comen is a tech reporter at reuters. good to talk to you. why particularly now? this is months after the trump administration first announced its growing concerns about the rising influence and size of us tech companies. critics on the left including elizabeth warren and other democrats say they should be broken up democrats say they should be broken up and critics on the right to say the companies are biased against conservatives and are too big. with all this pressure in washington, i think this is something many people wa nt to think this is something many people want to look at and especially in the wake of the plan $5 billion settle m e nt the wake of the plan $5 billion settlement on privacy allegations, this is just the settlement on privacy allegations, this isjust the beginning of another phase of strict scrutiny. google was already being investigated over anti—trust law. and last week, didn't the house judicial to committee have all four of the big players in? the house judiciary

date out that belongs to you citizen such as facebook google. amazon they have to comply with certain requirements and the condition is that the way they will handle the data will be similar to the way data would be handled in the u. the difference is that in the us there are different laws that allow the us government to actually look into the courses that they think the way to be allowed to be done in the e.u. so even those contracts are found to be. unlawful. to be a company such as facebook google and amazon regularly process they could be launched new citizens will find themselves reaching into law. final 4 for this news i want to believe that sport should be above politics but in the tense relations between israel and the palestinians that noble sentiment seems to have fallen way by the wayside. i. heard. the. idea once again this is the 1st time that a whole team gets banned excluding 3 management personnel and a player which is with the news the practices of these radio patients regarding this i'd like to say that we increase and it will start

it didn‘t name any firms, but companies such as facebook, google, amazon, and apple are likely to comeelsius. the world meteorological organisation says the rising temperatures bear "the hallmark of climate change".

google and amazon. there was not a lot of talk about apple today in the hearings. amazon and google took the most heat. on facebook'sigger issues are privacy related which are different from antitrust. in amazon, a lot of questions on whether it has a conflict of interest in running a platform and competing with some of the sellers on that platform. as well as how users sell its data and if it uses the data to disadvantage the sellers an advantage its own bottom line. i think amazon really is kind of at the forefront. and then google as well, with its dominance in search and the way it is using search, and the way it may be competing against, with its own services against other companies that have those same services and where those services come up in searches. emily: jennifer rie. much more to come. we will be all over the facebook libra hearing coming up in the house. that does it for this edition of bloomberg technology. we are livestreaming on twitter as always. check us out. follow-up breaking news network, tictoc, on twitter. this is bloomberg. ♪ paul: welcome to daybreak australia. i am paul allen. shery: i

is a company like google or amazon or facebook... question? ve done a or amazon or facebook. .. they have doneafair or amazon or facebook. .. they have done a fair number of acquisitions which have stifled competition. there is something called the kill zone which venture capitalists talk about. i will not finance any company which operates in this space because this is a speech —— space which is too close to the big guys and they will eat it up for pennies rather than pounds so the point is, there may be clever ways to ensure that competition, what we want is competition, that competition in these industries prevails, innovation prevails and that might mean being much cleverer. it's not just about saying, i. you from growing to more than 40% of the industry but maybe i won't let you ta ke industry but maybe i won't let you take over these things. are you suggesting, if you are saying this isa suggesting, if you are saying this is a message that people are sending to world leaders, that populism is a good young because it's sending a message? p

google, facebook, amazon other the market looking to bounce back from market selling. let's go to the big board and see how we are doing so far. kind of a flat start for the dow is up 30 points the nasdaq 31. the s&p is up by six point back to you. >>> jason brooks thank you. >> 3, 2, 1, 0. >>> this morning, india launched a rocket to the moon. it is a second attempt after the first one was called off an hour before liftoff, due to a technical snag. it is due to land on the lunar surface in september. is successful, india will become the fourth country in the world to make a soft landing on the men's service. >>> massive plans on returning humans to the moon by 2020 fourth. but critics say the timeline admission cost a new capsule is ready for the trip. this is all ryan. the capsules 50 percent bigger than the apollo rooney for for astronauts. nasa says it would launch on top of the rocket to a mini space station orbiting the moon. the orion crew a doctor and take a lunar lander down to the men's service. >>> the goal was to land a person on the moon and return them to

the doj announcing a sweeping antitrust investigation into the likes of google, facebook, amazon andarles: the probe will look into whether giants hurt competition, depressed innovation or harmed consumers in some way. kristina partsinevelos is with us. the debates are over, whether or not you know, the antitrust applies looks like they will find out one way or the other. on wall street they're saying this will be a good old-fashioned shakedown, sort of what europe is doing, maybe the government won't go as far as actually trying to break these companies up? >> i think this is a big deal. this is the first time antitrust regulators looking into the united states. if you're a big company in the u.s., dealing with europe, even though amazon has to go through some more investigations in the next week or investigations. what is concerning will these companies stop or halt their upcoming new ventures? they know they will have oversight, look into something they have been doing, that is concerning for medium term. facebook is only one up right now. they are all trending down lower. one tra

facebook, google. >> the three companies i hear, google, facebook, amazon clearly in the cross-hairs.re's concerns about monopolistic behavior, concerns about fairness doctrine in terms of the fcc. there's a lot here. but i think the sort of impetus, this is what i'm getting from the lobbyists, i'm sure the government, when they come out with this, they will spin it differently, the impetus is they believe this is a big-time 2020 vote -- this is big-time with voters in 2020. they do not want the democrats to steal this issue. so what they're saying is we got good evidence that these companies do stuff that's, you know, not kosher. listen, trump says it himself all the time. he believes that google's search engine is biased against conservatives. whether that's true or not, i don't believe so. he's criticized twitter for shadow banning conservative voices. that means you don't really get the same play on searches. so the president has been up front and personal about this. he's very critical of amazon for a lot of different reasons, including the fact that its owner, jeff bezos, does o

it's believed to be and include google, facebook and amazon because they dominate in their fields. the investigation will lack in to how the tech company accumulated market power and whether they have been trying to reduce competition. >>> u.s. attorney general william barr says increased encryption of phones and messaging apps is putting security at risk. at a conference in new york, barr said law enforcement is increasingly able to access digital information to crackdown on crime. fbi took app toll court to try to access an iphone used by one of the shooters in the san bernardino massacre. criminals are using encrypted acts to coordinate their activities. >> giving criminals the means to operate free of lawful scrutiny will inevitably propel an expansion of criminal activity. >> the attorney general says he is confident there are ways to allow access to encrypted data. tech companies are concerned the methods could jeopardize the security people expect from phones and apps. >>> more than 200 people when who applied for jobs at google but didn't get a job, will get a settlement of

zero sum situation. >> as morgan stanley today says, middle age is the golden age for facebook, google, even amazon degree despite numbers that were not on record. >> facebook, middle age, 14 years old. >> yes >> there is the opening bell and the s&p 500, the cnbc real time exchange at the big board, oil and gas, based in mexico, celebrating an ipo today at the nasdaq. also celebrating an ipo, wanda sports, a sports events media marketing platform based in china. we'll talk with the ceo on "squawk box. needham coming out and recommending that google break itself into two or three parts, which they believe would be valued at 50% premium compared to the current status. youtube, we calculate on stand alone basis, valued at $200 billion, which is 30% above today. >> even though we don't get youtube numbers still, again, back to that sort of frustration that investors have in terms of the level of disclosure. what we did get more disclosure on was the cloud business of google it is a distant third to microsoft, azure and aws and amazon it is having a run rate for revenues of $8 billion that's up signifi

facebook, google, amazon and apple all found themes the target of lawmakers who, as you know, arehe increasingon some of the nation's most prominent companies. ylan mui was there. >> reporter:irst up was facebook testifying before the senate banking committee on its new cryptocurrency called libra. senators on both sides of the f aisle pressebook on how it would, would, who would regulate it and how facebook planseyo make m from it. republican senator john kennedy accused facebook of trying to control the money supply while democratic senator brown compared the company to a toddler playing with matches. but ultimately, lawmakers said their concerns come down trust. >> trust is something you earn and factaook cly hasn't earned it. >> what -- what kind of faith do we have in libra? >> can we agree that a banker would be trustworthy? >> i don'tt to get into the technical stuff. i am talking about the trust issue. >> mr. chairman, i wish we could trust facebook. it is pretty clear there's almost nobody in this committee that does. >> reporter: facebk executive david marcus defended his company's r

facebook, amazon, apple, google all appearing in washington to answer lawmaker questions on antitrust, social media, and cryptocurrency. the first to be raked over the coals, facebook, as the senate banking committee fired searing questions at the cocreator of the social network's cryptocurrency project. >> we will take the time to get this right. wouldn't it be easier and safer if people could securely receive money transfers through their smartphones, just like they do for so many other things? that's what libra was about. emily: virginia democratic senator mark warner grilled the libra chief on tuesday. we caught up with him after the hearing. >> i think blockchain technology, even the possibly of cryptocurrencies, has some positive upside, but i think we have to be careful, particularly when we are talking about the possibility that facebook might dominate this otherwise very disruptive technology. facebook already has 2 billion users. it has all of these advantages. we have seen facebook over the last decade plus do what i call catch and kill, where any new entrant into the marke

talking about firms like google, facebook, amazon, apple. the justice department wants to see if they engage in practices that reduce competition, stifle innovation, and harm consumers. the review will look at what the president has been talking about for a long time. that one voice gets amplified in social media or on search engines and another one silenced, the big tech firms decide which is which. >> they have not treated us fairly. they haven't treated us fairly. a free society cannot allow social media giants to silence the voices of the people. >> the assistant attorney general for antitrust says "without the discipline of meaningful market-based competition, digital platforms and the act in ways that are not responsive just consumer demands. the goal of the review is to assess the competitive conditions in the online marketplace." the department of justice wants to make sure the americans have access to a free marketplace. if they find there are violations, the department of justice says they will act in an appropriate manner. that co

pone en la mira a google, facebook y amazon, entre otros el presidente trump amenaza guatemala con arancelestimas de un accidente. le tenemos el reporte mÁs adelante. reportero: vivir en california viene con varios beneficios para los alumnos de la patria que buscan ir a la universidad. le tengo los detalles mÁs adelante. ♪ ♪ palmira este aÑo, 14 personas han to atropelladas en san francisco. el sÍ de caso por esta semana. polÍticos se reunieron para tomar cartas en el asunto. julio: palmira, buenas tardes. hoy se introdujo una resoluciÓn y una declaraciÓn de estado de emergencia al ayuntamiento de la ciudad, para abordar este problema de los accidentes peatonales y vehiculares. >> no te dejan pasar, pasan ellos primero. inclusive te paras y piensan que van a parar y te vas a correr, ya mÉrito de atropellan. julio: esto se ha convertido en una cuestiÓn de vida o muerte. >> los que van caminando con el telÉfono, los que van manejando en el telÉfono, a lo Último quÉ estÁ poniendo atenciÓn? nadie. julio: los atropellamientos no son una nada raro. >> san francisco es una de las ciudades mÁs inse

are they unstoppable, google, facebook, apple, amazon? stephen: a very good question.n unchartered territory. back a couple decades, you had capital controls on currency, regimes were tightly controlled, part of the post-second world war settlement. now you're in a situation where the regulations have been relaxed, and companies have pushed the envelope. anna: stephen, thank you very much. stephen maclow-smith will be joining us on bloomberg radio, a little later on this morning. up next, an underpriced risk. we talk bond markets. this is bloomberg. ♪ ♪ matt: 30 minutes into your trading day, let's get the top headlines off of the bloomberg terminal. expect a call. steven mnuchin says he may head to beijing this week if trade talks are productive, as europe braces for u.s. tariffs on $7 billion of goods over illegal aircraft subsidies. trading revenue will be the talking point for goldman sachs and jp morgan as they report second-quarter results. wells fargo's numbers are also on the docket. we'll hear from cfo john shrewsberry. and, set to make history? ursula von der

ways that are not responsible to consumer commands they do not name specific companies but google, facebook, amazon and apple, they could all get caught up in this. this review is separate but related to the doj's ongoing inquiry into whether google and apple are month opolies. the doj said it will proceed appropriately. >> so, ylan, even the department of justice has two different probes into big tech one that as to whether they are monopolies, the other about anti-trust that's a lot going on. >> that is and my understanding of this is that the new anti-trust review is focused on industry behavior. you know, are there particular practices that are troubling this is sort of a formal way for them to hear complaints of the likes we've heard from spotify or trip adviser or yelp about some of the big tech industries. the inquiries are specific to google and apple and those are probes that may or may not lead to formal investigations >> ylan, a lot of reporting. thank you. let's go one by one to the companies that are in this line of fire. treasury secretary steven mnuchin making it clear on msnbc this

the issue is whether tech giants that reportedly include apple, google, facebook, and amazon own too many pieces of the market and are harming competition. the main concern is whether the companies are stifling innovation by filing small startups and killing off potential rivals. the probe comes as some lawmakers and presidential candidates called for stricter regulations and possibly breaking up big tech companies. >> is the first time coming around. >> what is interesting is that tech is being demonized by democrats, including presidential candidates. but it is also being swiped at by the way health. the current president, anti- conservative forces in the republican party who feel like it is stifling free speech, in a way. spot google was the only company to provide a statement mentioning testimony at a recent house hearing but the company director of economic policy. item: testify google has helped reduce prices and expand consumer choices. >> the family of a richmond man making a desperate plea and an effort to help his find his killer. this is a tragedy that had home. 56-year-ol

google, apple, facebook, amazon, set to face off with law makers this week.et you know what is going on. what those questions will involve. melissa: more than one million people are signed up to storm area 51 nevada as ufo enthuses seeking classified information. joke or not, officials are taking this seriously. >>> amazon is the not the only company offering deals. domino's half prize deals. the pizza chain is joining a growing list of companies offering discounts on prime day. jump on the bandwagon. ♪ key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. while managing your type 2 diabetes- why think about your heart? lower a1c helps, but type 2 diabetes still increases my risk of a fatal cardiovascular event. and that's why there's jardiance- the first type 2 diabetes pill that offers a lifesaving cardiovascular benefit for adults who also have known heart disease. it can significantly reduce my risk of dying from a cardiovascular event. and it lowers my a1c, with diet and exercise. jardiance

sure it is absurd to see you tax google apple facebook and amazon now we tax your wind is completely morani we tax the technology companies because they reap enormous profits in our country millions of billions of euros and there's no reason for them not to pay taxes why in exports are a completely different thing when you feel it is unclear how much the us tax on wind will actually cost the french economy if it ever came to that experts say it's mostly makers of cheaper wines that might feel the pinch as their bottles won't find buyers in the us asked for the country's best vintages they should be fine. the united states is the biggest export market for the french outside the e.u. but only in terms of nail you not volume that means the american strength french wine that is expensive and i'm sure an american who buys a bottle for $100.00 or $150.00 won't think twice before buying a bottle price at $180.00 or $200.00. for the others there's always a decent california fun delta toast with. and from wine to be here belgium is known as one of the world's biggest and best beer producers a

american companies the tax is the 1st from a major economy to be imposed on companies like google apple facebook and amazon the 3 percent levy will apply to any digital company with worldwide revenue of at least $844000000.00 u.s. president donald trump has ordered an investigation into its impact natasha butler has more from paris with a friend finance minister bruno lemaire had some very strong words in the senate he said effectively that france doesn't take very kindly to threats from the united states now speaking in the senate that have passed this new digital tax law it's imposes 3 percent tax on huge tech firms that are making more than $800000000.00 worldwide but they have revenues of more than $30000000.00 in france and i said that it was very important that these techs take a more times that we are in a new digital age this is a new economy and these firms some of whom have the sort of power of a small state should be more accountable now the french president him out or mark or has made taxing these tech giants one of his campaign promises is very popular here in france in fact it was one of the

it would mean that companies such as facebook and google and amazon that regularly process date that it belongs to e.u. citizens will find themselves breaching e.u. law. many believe sport should be above politics but in the tense relations between israel and palestinians that noble sentiment seems to fall by the wayside. player that. could have a one sided home that this is the 1st time that a whole team gets banned excluding 3 management personnel and a player with that which is weird so they're a new to the practices of the israeli occupation regarding this so i'd like to say that when greece entered all started the olympics the goal was to strengthen relationships and love between the greek people. * and. about 5 seasons ago with all the gags a team's used to travel without any problems it's sometimes a player or 2 would get banned and then some pressure is applied and they are allowed to travel off we don't know the reason for the rejection as you know these really occupation besides this we are only football players our message is football we deliver our message for the sport i

afghans has passed a tax bill targeting tech giants a 3 percent levy his companies such as google facebook and amazon but it's angered the white house with the u.s. president ordering an investigation into the plant's about larry for some paris a show of hands and a display of defiance french senators passed a law taxing tech giants despite threats by the united states washington says the levy unfairly targets american companies and it's opened an inquiry a move condemned by france's finance minister i think that the best way of dealing with that kind of difficulties between the u.s. and france is not great is not opening a procedure under section 3 or one for the 1st time in history of the friendship between the u.s. and french it is to build a compromise at the g 7 level. so that we can have a concrete and effective solution on the taxation of digital activities the tax targets firms with the global revenue of more than $800000000.00 including $30000000000.00 in france at least 30 companies will have to pay 3 percent tax on their french revenues because most are american including amazon and apple

amazon. now, google and facebook are going to have to compete against retailers. i am a believer in pinterest. they have not had a huge success story, but amazon might pave the path for them to get to this and in a more substantial real way. emily: pinterest did have a pretty big ipo. if that is not success, i don't know what is. me,are going to stick with brett, i know you need to get on some calls, so i will let you go. thursday tesla plunged after the electric car posted a worse than expected loss and another major management change cast more doubts on its future. test the co-founder is leaving the job. he has been with the company since before elon musk joined the board 15 years ago. coming up, alphabet shares advance in trading after sales and profit beat estimates. we are going to dig further into the highlights, listening to the call, we will bring you more headlines as we have them. this is bloomberg. ♪ emily: google is having a bounce quarter that saul revenue top estimates. shares from its own online properties climbed 18% to more than 20 $7 billion. last