FCC fines wireless carriers over location sharing
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 29 April 2024
⏱️ 1 minutes
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Summary
Stocks close higher; FCC says location information was shared illegally; several labor market reports due this week; Federal Reserve’s Open Market Committee meets on Tuesday and Wednesday.
Transcript
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| 0:00.0 | This is the Marketplace Minute. I'm Justin Ho. Stocks closed up on Monday. The Dow |
| 0:07.4 | gained 4 tenth percent, the S&P and the NASDAQ grows about a third of a |
| 0:11.4 | percent. |
| 0:12.7 | The Federal Communications Commission find four wireless telephone companies for illegally sharing |
| 0:17.4 | access to customers' location data. |
| 0:20.0 | The FCC says AT&T, Verizon, T-Mobile, and Sprint sold location information to data aggregators, |
| 0:26.8 | who then resold it to third parties, in many cases without customers consent. |
| 0:31.4 | The carriers say they'll challenge the fines. |
| 0:34.0 | We're getting several reports from the Labor Department this week about the state of the job market. |
| 0:38.0 | Those include the Employment Cost Index, the number of job openings in March, |
| 0:42.0 | and the monthly jobs report for April. |
| 0:45.0 | And the Federal Reserve's Open Market Committee meets this week and it's all but certain to keep interest rates where they are. |
| 0:51.0 | That's mostly because inflation has been stubborn so far this year. |
| 0:54.4 | I'm Justin Ho with the Marketplace Minute. You're going to. |
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