tyb
that was an easy search I bet, saw that one right away. notabalized…
Amazon Plunges Below Key Technical Support As FTC Launches Anti-Trust Probe
Update: Reports that the Trump Administration has launched a multi-pronged anti-trust battle against big tech, with the FTC taking jurisdiction over Amazon and DoJ taking on Google parent Alphabet, has sent Amazon shares sliding below their 200-day DMA.
Shares were down roughly 3.75% at $1,710. The move tests potential support today around 38.2% Fibonacci retracement of December low to May peak.
Amazon isn't alone: Tech shares have been battered on Monday, dragging the market cap of the three most valuable companies in the US further below the $1 trillion mark.
A new agreement between the Federal Trade Commission (FTC) and the Department of Justice (DOJ) will place Amazon and Google under heightened antitrust scrutiny, according to Jeff Bezos's Washington Post.
According to the report, the US government's two leading antitrust agencies have been quietly divvying up competition oversight of the two tech giants - a move long sought by both Democrats and Republicans on Capitol Hill who have called for more oversight.
The FTC is said to have jurisdiction over Amazon, while the DOJ will reportedly oversee Google according to the Post - setting the stage for enhanced scrutiny of the Mountain View-based search-and-advertising company. The New York Times reports that the DOJ is actively exploring an investigation of Google's advertising and search business, according to several people with knowledge of the discussions. The Times adds that the agency's interest stems in part from rivals' complaints.
The DOJ and FTC have declined to comment, however former FTC chair Maureen Ohlhausen said: "If there is an active discussion of where the boundaries are, that would indicate there’s a reason for that discussion, whether it’s a new interest, study or investigation."
The early moves from the government’s twin antitrust agencies mark the latest attempts by U.S. regulators to better supervise tech giants. Earlier this year, the FTC established a special task force it said would monitor tech and competition, including “investigating any potential anticompetitive conduct in those markets, and taking enforcement actions when warranted.”
For years, the European Union has taken the lead in probing whether Silicon Valley too easily stamps out rivals to the detriment of web users. E.U. officials are actively investigating Amazon and have repeatedly fined Google for violating its antitrust laws. -Washington Post
2020 Democratic candidate Elizabeth Warren (D-MA), who has long run on a platform of consumer protection, recently threatened Amazon, Apple and Facebook with major investigations. Warren came out this week in support of a potential DOJ investigation of Google.
Politicians and small business owners have long complained that Amazon has concentrated too much power in their dominance of online retail, along with its growing reach across a variety of other types of businesses. According to the Post, "It holds sway over third-party sellers on its site, who pay for advertising to compete against first-party and private-label sales by Amazon. Its low prices also have helped it draw customer spending at the expense of brick-and-mortar competitors."
Amazon sells around half of all goods bought online in the US, however its share of overall retail sales is much smaller.
https://www.zerohedge.com/news/2019-06-03/google-amazon-face-new-pressure-after-revamp-us-antitrust-agencies
https://finance.yahoo.com/quote/AMZN?p=AMZN&.tsrc=fin-srch
don't have access to it at present but the one on the Carlyle group is bang on accurate. No that any of this stuff is wrong but know for a fact that one is SPOT on.
30th Anniversary of Tiananmen square-Prosperity and Repression mark anniversary
BEIJING (AP) – Thirty years since the Tiananmen Square protests, China's economy has catapulted up the world rankings, yet political repression is harsher than ever.
Hundreds of thousands of Muslims are held in re-education camps without charge, student activists face relentless harassment and leaders in the beleaguered dissident community have been locked up or simply vanished.
Religious groups face ever greater pressure to conform, and a web of mass surveillance is bolstering a system many call totalitarian. It's a far cry from the hopes of the idealistic student demonstrators, and a level of control far beyond what many imagined possible, even after the army's bloody crushing of the protests on the night of June 3-4, 1989.
Critics say the Tiananmen crackdown, which left hundreds, possibly thousands, dead, set the ruling Communist Party on its present course of ruthless suppression, summary incarceration and the frequent use of violence against opponents in the name of "stability maintenance."
"The June 4 incident changed the direction of Chinese history," said Zhang Lifan, who in 1989 was a scholar at the Chinese Academy of Social Sciences. "The narrative that China would grow strong and normal, become a stable country through a process of political reform, was destroyed."
Chinese officials routinely respond to questions about the suppression by pointing to the economic progress China has made. In the three decades since the protests, China has risen to become the world's second-largest economy and is forging ahead in areas from high-speed rail to artificial intelligence and 5G mobile communications.
China's navy now sails around the globe, its space program has launched half a dozen crewed missions and its sprawling cross-border infrastructure projects are extending its influence from Nairobi to the Netherlands.
Politically, however, the state has never been more repressive. Restrictions on freedom of speech have been extended from publishing into social media, and the slightest act of perceived defiance can prompt a near instantaneous response from the authorities. The sprawling domestic security apparatus operates with impunity, coerced confessions are broadcast on state television and prison sentences are handed out on the flimsiest of charges, including "picking quarrels" and "incitement to subversion."
Calls for even moderate reforms have been attacked or just ignored. An attempt to introduce grass-roots democracy at the village level years ago foundered after the Communist Party refused to concede even a modicum of control. Deliberative bodies at all levels are filled with party appointees who vote how they're told, and the national legislature is a mere rubber stamp body, re-electing president and party head Xi Jinping last year by a margin of 2,970 to 0.
Regarded as China's most powerful leader in a generation, Xi took the opportunity to amend the constitution and remove presidential term limits, making him president-for-life if he so chooses. While the party is believed to be rife with power struggles, Xi's ongoing anti-corruption campaign and the threat of heavy prison sentences keep his opponents in check.
In the wake of the Tiananmen crackdown, efforts to supervise the party's workings and control corruption through the media and public oversight were lost, Zhang said. While it ushered in the era of new party leader Jiang Zemin under which the economy grew, graft also became endemic, faith in communism was exhausted and interpersonal relationships revolved around sheer personal gain, essentially finishing off what the violent, radical Cultural Revolution had begun almost 20 years earlier, he said.
"Of course, those in power can easily manipulate history and twist our memory. But that kind of manipulation and suppression of history is always followed by distortions of all kinds – social, political, psychological," He said. "It is indeed impossible to understand today's China without understanding the spring of 1989."
Speaking at a regional defense forum in Singapore on Sunday, Chinese Defense Minister Wei Fenghe defended the government's response to the protests, drawing the stock link to China's post-1989 development.
An editorial Monday in the official Communist Party newspaper Global Times' English edition said the 1989 "riot" had "immunized China against turmoil" and blamed veteran student leaders and foreign politicians of using the anniversary to attack China. The editorial made no mention of the military crackdown or subsequent repression.
rest at link
https://mainichi.jp/english/articles/20190603/p2g/00m/0in/056000c
dats raycist
and WELL over daily avg volume. Amzn jyst dropped below 200day moving average which means all of them under scrutiny. The quant funds will be selling them with that indicator hit on AMZN.
Cue the lawsuits starting in 3….2…1
https://finance.yahoo.com/quote/GOOG?p=GOOG&.tsrc=fin-tre-srch
take alot to do that. Look how long they have known about facebook,. Suppose when it starts impacting the retirement accounts they will start to take it seriously. Always money, buit it 's a huge mkt cap so that will be hard to do
could not agree moar. Overdue
Broadridge Corp VP sold $2.02m in shares-May 31
Logo Broadridge Financial Solut
Broadridge Financial Solutions is one of the world's leading financial communication groups. Net sales break down by activity as follows:
-
provision of financial communication services (79.3%): for investors, banks, securities brokers, fund managers, etc;
-
provision of information technology services (20.7%): analysis of specific and complex economic environments, regular monitoring of listed securities on financial markets, financial investment advisory services, etc.
Net sales are distributed geographically as follows: the United States (90.2%), Canada (6.3%), the United Kingdom (2.8%) and others (0.7%).
Number of employees : 10 000 people.
https://www.marketscreener.com/BROADRIDGE-FINANCIAL-SOLU-11906/company/
https://www.secform4.com/insider-trading/1383312.htm
related?
Embattled Huawei to Exit Undersea Cable Business After Trump Ban
Huawei Technologies Co. is selling its majority slice of its global submarine cable division, exiting the business of laying undersea piping for the internet just weeks after the Trump administration blocked it from buying American technology.
Huawei’s corporate parent is selling its 51% of Huawei Marine Networks to Hengtong Optic-Electric Co., a Jiangsu-based optical-cable manufacturer, according to a stock exchange filing. The deal isn’t formalized and subject to change, Hengtong said in the filing. The Chinese company, whose Shanghai-listed shares have been suspended from trade, didn’t disclose the size of the deal.
A Huawei spokesman declined to comment. Huawei Marine and Hengtong didn’t immediately reply to calls and emails from Bloomberg News.
President Donald Trump’s administration has targeted Huawei for months, first encouraging allies to ban the Chinese company’s equipment from their networks and then putting Huawei on an export blacklist that prohibits it from buying American software and components. Founder Ren Zhengfei talked about the possibility of a strategic retreat – for instance by shrinking in scale – after the Commerce Department blacklisted Huawei and 67 of its affiliates across the world in May.
Huawei Marine, a joint venture between Huawei and British undersea cable firm Global Marine Systems, has drawn scrutiny because of its role in building fundamental internet-connection infrastructure. The U.S. and Australia in particular are said to be concerned about information security, arguing Beijing can take advantage of projects built by Huawei to conduct espionage. Huawei has repeatedly denied such allegations.
Huawei Marine plays a key role in Ren’s ambitions. It’s involved in building about 90 undersea cable projects from the Pacific to the Atlantic, laying over 50,000 kilometers of undersea cables, according to an introduction on the company’s website. It also built multiple cable routes from England to the vicinity of Cape Town, South Africa. Other high-profile projects include a cross-Atlantic route that would link Brazil and Cameroon.
Yet the submarine unit is a relatively small business for Huawei, which generates annual sales bigger than Alibaba Group Holding Ltd. and Tencent Holdings Ltd. combined. Huawei Marine contributed a net profit of 115 million yuan ($17 million) for its holding company in 2018, according to Huawei’s annual report.
https://www.bloomberg.com/technology
mean the timing of it right now so close to….
understand the take over digitally and reason we need ghidra.
I put it in last night when it came out and it was crickets.
Mexico draws red line on asylum in talks to stop Trump tariffs
WASHINGTON (Reuters) - Mexico on Monday made clear it would reject a U.S. idea to take in all Central American asylum seekers if it is raised at talks this week with Trump administration, which has threatened to impose tariffs if Mexico does not crack down on illegal immigration.
President Donald Trump last week said he will impose tariffs on all Mexican imports from June 10 as a way to pressure Mexico to tackle large flows of mostly Central American migrants passing through on the way to the United States.
The threat was a shock to global markets, which are already suffering from a trade war between the United States and China.
Speaking to reporters in Washington before this week’s meetings, Mexican Foreign Minister Marcelo Ebrard said the country is committed to continuing to work to keep illegal immigrants from Central American from reaching the United States border.
However, a more radical proposal favored by some U.S. officials to designate Mexico a “safe third country,” which would force Central Americans seeking asylum in the United States to instead seek that status in Mexico, is not an option, he said.
“An agreement about a safe third country would not be acceptable for Mexico,” Ebrard said. “They have not yet proposed it to me. But it would not be acceptable and they know it.”
The talks in Washington will be closely watched by financial markets concerned that import tariffs would ultimately hit the U.S. economy by adding to the cost of a wide range of goods in the United States, from Mexican-made cars and auto parts to beer and avocados.
U.S. business groups have opposed the tariff plan and the influential U.S. Chamber of Commerce is looking at ways to challenge it, including legal options.
MEXICAN ECONOMY
The Mexican economy which is heavily reliant on exports to the United States, shrank in the first quarter and would reel under U.S. levies that would start at 5% but could reach as high as 25% this year under Trump’s plan.
U.S. stock index futures fell on Monday as the multi-front trade war made investors increasingly risk averse and fueled worries of a recession, although the market ticked higher, propped up by healthcare stocks.
Trump, who has embraced protectionism as part of an “America First” agenda aimed at reshaping global trade, said in a tweet last Thursday that he would ratchet up tariffs on Mexico “until the Illegal Immigration problem is remedied.”
Since January, the government of Mexican President Andres Manuel Lopez Obrador has ramped up migrant detentions and deportations, but that has not been enough to stop the growing tide of families reaching the United States, mainly from Guatemala and Honduras.
In May, numbers are expected to have outpaced the 99,000 people apprehended at the U.S. border in April, with many of those crossing in groups of families who will mostly be released to await asylum hearings in the United States.
https://www.reuters.com/article/us-usa-trade-mexico-deal/mexico-draws-red-line-on-asylum-in-talks-to-stop-trump-tariffs-idUSKCN1T41KU
yep, tons around these parts. Get to keep them now instead of shipping them all over the world. hate those mexi ones anyway-seed almost as big as the entire thing.