Fast Money 07/23/19
CNBC's "Fast Money"
CNBC
3.9 • 1.3K Ratings
🗓️ 23 July 2019
⏱️ 44 minutes
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| 0:00.0 | Fast money starts right now. Live from the Nasak market site overlooking New York |
| 0:04.4 | City's Times Square. I'm Melissa Lear. Traders on the desk or Tim Seymour, Karen Feinerman, Mark Tepper, |
| 0:09.2 | and Guyadami. Check out the big after-hours action Chipotle Snap Visa, Texas Instruments, all on their move |
| 0:15.0 | as the conference calls gets underway, will break down the big headlines for you, and UPS |
| 0:19.5 | is upping its delivery game, but the company just announced that could deliver big time |
| 0:23.4 | for investors and to infinity and beyond beyond meat hitting another record high in |
| 0:28.7 | today's session so can anything stop this stock we are are digging in, but we begin |
| 0:33.7 | with breaking news out of Washington, |
| 0:35.2 | the Justice Department launching a big probe into big tech. |
| 0:37.9 | Let's get all the details with Elon Moy, Elon. |
| 0:40.4 | Well, Melissa, we have just confirmed that the Department of Justice is indeed announcing a broad antitrust review of big tech and that's likely to include Facebook, Amazon, Google, and Apple. |
| 0:51.0 | In a statement, Assistant Attorney General Macon Del Rahim |
| 0:54.0 | said that without the discipline of meaningful market-based competition, |
| 0:58.0 | digital platforms may act in ways that are not responsive to consumer demands. |
| 1:02.1 | He went on to say that the department's |
| 1:03.8 | antitrust probe will explore these important issues. Now the focus of this new |
| 1:08.2 | inquiry will be whether companies have reduced competition, stifled |
| 1:12.0 | innovation, or harmed consumers. |
| 1:14.4 | And the review comes as Big Tech is also under investigation by Congress. |
| 1:18.6 | The companies were forced to testify on Capitol Hill to defend themselves against allegations that they are monopolies. |
| 1:25.0 | Just this afternoon, the congressman leading that effort, David Sisolini, criticized their |
| 1:29.1 | answers as evasive, incomplete, or misleading. |
... |
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