5 Burst results for "Dana Mattioli"
WSJ What's News
"dana mattioli" Discussed on WSJ What's News
"We begin with the transition at amazon on monday. Jeff bezos step down from his role as ceo. It was part of a plan transition announced in february following him into c. suite. Is andy jesse. Who headed up amazon web services known as aws. Here's the journalist. Dana mattioli who covers amazon. He's been presented. Says is a lot more laid back than jeff. Bezos softspoken doesn't really like to be the center of attention but also very very very into the details. We think the biggest obstacle for him to go from. Aws which is a bit silent with an amazon to running what is essentially one of the world's largest conglomerates with a lot of different moving pieces. You can hear more of dana's insights on our tech news briefing podcast. Hackers behind a ransomware attack affecting hundreds of businesses have demanded a seventy million dollar payment to unlock infected computers. It's the same hacking group responsible for a cyber attack on meat supplier j. b. s. about a month ago. The attack began friday when hackers targeted the software company. Kosei up it see oh said. He briefed the white house on the payment demands and that the company wasn't aware of any impact at critical infrastructure. A white house. Spokeswoman didn't immediately comment president biden over the weekend told reporters that he had been briefed on the attack that. Us officials were tried to determine the extent of the russian government's involvement and we're keeping watch of tropical storm. Elsa is expected to pass near the florida keys today and move near or over portions of the west coast of florida into wednesday. According to the national hurricane center elsa made landfall in cuba on monday use oil prices have risen to six year highs. It comes as an opec. Deadlock raised the prospect of a summer in which crude production fails to keep up with rebounding demand from the crush of drivers hitting the roads stocks. Were unusually quiet in the month of june. But some traders think that's about to change markets editor. Quinton web joins me from hong kong to explain. Why high quinn. High them. Quinton looking at history. What typically happens during the summer months. What happens with volatility right. So i mean we're coming out of the kind of very placid stretch in some ways. So if you look at june intraday highs and lows in the s&p five hundred very close together. It's been actually quite kind of calm. Market but history. If it's any guide suggests that things are likely to get a little bit choppier in the months ahead and one big reason for that basically is because a lot of people tend to be on holiday. You know so. There are a few traders and investors at their desks. And so the moves that you do see in markets can tend to be amplified a bit more and that's basically because there isn't quite as much money sloshing around the system if you like. There's not as much kind of buying and selling stocks so when the market is less liquid you tend to see a slight pickup in volatility. So the ingredients for volatility are there but is some are even a strong season for traders and for the markets. Well good questions so you know if you look historically july. That tends to be a sort of reason we good month. The markets so some p. Five hundred has risen more than half the time tends to gain. You know one point. Six percent on average through that month but then august is notoriously typically a week month the stock market so all in the next couple of months not great. You know if we're looking at history as a guide. Summer is here clinton webb. Thank you as always. Thanks very much just ahead. The banking community is divided.
WSJ Tech News Briefing
"dana mattioli" Discussed on WSJ Tech News Briefing
"Backslash. Wsj today this coming monday. Jeff bezos will step down as chief executive of amazon basin. Famously started the company by selling used books from his garage. The business expanded rapidly by courting third party sellers on its platform. Here's basil's in one thousand nine hundred nine pitching. What was then still a new concept. Most of the people who are out there that have businesses and they're selling a selection of items or maybe they're micro manufacturers. Whatever they they don't want to be in the internet business they wanna be in whatever business they're in. This is a turnkey solution for them. More than twenty years later amazon has grown to become one of the biggest companies in the world with a market capitalization of more than one point seven trillion dollars. But of course under basil's his leadership amazon has become much more than just an online marketplace that delivers packages with a signature. Smile on the box. It also has a streaming service a grocery arm into lucrative cloud computing unit and its faced criticism for its size and influence its environmental impact and the way it treats its workers so what will post as amazon look like joining us to discuss is our amazon reporter. Dana mattioli hi dana. Hi so dana. Can you just sum up amazon's growth under bazo says it. Ceo how did it go from being dream in a garage to a nearly multi trillion dollar company. Yeah i mean the only way that described the growth of amazon under. Jeff bezos has been astronomical. He went from the germ of an idea that sounded crazy at the time in nineteen ninety-four of shopping on the internet when most people didn't have internet or computers. No one wanted to put their credit card into wine. He took that in the parlayed. That into this massive empire. That's now one of the biggest companies in the world. And how much impact has jeff bezos had. On the day to day running of amazon. You know i think over the twenty five plus years that he's run it he's had outsize influence But the last few years he's really taking a step back and he's acted as this like floating. Ceo that dived into projects that sort of interest him and he doesn't really get involved in the day to day so we don't really anticipate much to really change as he takes on this chairman role since he's sort of an acting that way for the last few years as it is but some of those decisions and policies that were put in place under..
WSJ Tech News Briefing
"dana mattioli" Discussed on WSJ Tech News Briefing
"Jeff bezos on monday bezos is handing the reins to someone else. He's also passing on a legacy of growth of innovation but also of controversy around a number of the company's business practices on today's show reporter dana mattioli who covers amazon for the wall. Street journal joins us to discuss the future of a post bezos amazon. That's after these headlines. The online brokerage robinhood unveiled paperwork for its highly anticipated initial public offering revealing surging user and revenue growth over the past year. The company said it had eighteen million funded accounts at the end of march more than doubled from a year ago and it reported first-quarter revenue of five hundred twenty two million dollars a more than four fold increase over the prior year. Robin hood plans to list on the nasdaq at an opportune time. This week on more money raised through. Ipo's than any other this year. According to deal logic a federal judge blocked parts of a new law in florida. That's intended to prevent social media. Companies like twitter and facebook along with news and other outlets from censoring political candidates. The judge said the lot likely violates the first amendment and conflicts with federal law among other things the law would find social media platforms if they banned political candidates in the state. Republicans have accused tech firms of bias against conservative us. Gop governor rhonda santa's said the law was protection against a quote silicon valley power grab on speech thought and content the industry group that challenged the law in court argued. It violated their right to make editorial judgments about content on their platforms. And richard branson is headed into space weather permitting. The founder of virgin galactic plans to board test space flight on july eleventh. That's nine days before rival company. Blue origin plans to send its founder. Jeff bezos to the edge of space speaking of bezos before he boards his spaceflight. He'll be handing over the reins of amazon after more than twenty five years. So what will a post bezos amazon. Look.
NewsRadio KFBK
"dana mattioli" Discussed on NewsRadio KFBK
"Now trending on the KFBK Morning News with Christina and Dancer and Sam Shane this morning. CNN reporting the U. S government has been investigating a report of a leak at a Chinese nuclear power plant. French company that owns part of that plan is reportedly warned of an imminent threat from a leak radioactive material this morning. The by administration reportedly does not consider that lead could be a serious threat. Big tech companies have been under increasing scrutiny from lawmakers and the courts. Amazon and Apple are under antitrust investigation, while Facebook and Google are already fighting antitrust lawsuit. Dana Mattioli works for the Wall Street Journal and says there are five bills under consideration. They come on the heels of a nearly two year investigation into Big tech. And the investigation looked at Amazon, Apple, Facebook and Google and the learnings of that investigation, You know, inform these bills, and some of them could be pretty earth shattering for these companies. One bill that would impact Amazon, the most would stop the company from selling items and then competing against those items with their own private label goods. Think of like the echo. Okay. Okay, So all of the bills are moving forward now that congressional reviews are complete. So in 2019, the congressional antitrust subcommittee launched an investigation of these four tech companies. And over a series of hearings and background conversations and off the record conversations. They came to a conclusion that each of the four companies that they looked into had some aspect of monopoly power. In October. They put out a 400 page report detailing that and you know, when you look at the legislation coming out today, that is largely based on the findings of that report. So all of these bills were introduced on Friday, and they'll be discussed throughout this this coming week here. And support for the bills are bipartisan. But lobbyists are now activated. Oh, you mean the lobbyists paid for by Google and Amazon? All of them have have, you know armies of these lobbyists. In fact, Facebook Is more for lobbyists than any country in the country right now, Right? Any company in the country so this may soften the teeth of many of these bills. These four companies, in particular have massive massive armies of lobbyists. They spend more than almost any other company in the US on their lobbying power, So you have to believe that behind the scenes they are starting to get in touch with, you know the lawmakers and you know, really engaging their lobbyists and other trade group. So this might be a time if you have feelings either way to to reach out to your representative because they're going to be discussing these bills upcoming there, five of them and they don't mention any of the companies by name. But the parameters for the legislation are so narrow that these are the only four companies that would follow within those parameters. Well, you know, from just from what you described right now we can sit back and say Okay, this is a good first step. Yes, Um, but we had a long way to go. It's going to be a long way. Let's not be naive. We we know that. You know, big text going to just they're going to throw so much money at this fight, and it's going to be a nasty one. And this is the beginning. But I mean, look, I don't do We need a report for us to to understand that that these guys are all their monopolies. I mean, there they have a stranglehold, so the glimmer of hope in all of this is that the bills are bipartisan, so there seems to be appetite on both sides to do something. So whether you know or not, the lobbyists can soften the teeth of these bills that remains to be seen. But But there is an appetite at least that something needs to be done better late than never. 5 20 is the time out to the roads we go. Let's check in with.
WSJ What's News
"dana mattioli" Discussed on WSJ What's News
"Google facebook are already fighting. Antitrust lawsuits amazon. An apple are under antitrust investigation. Today a bipartisan group of house. Lawmakers who've put forward bills aimed at reining in the power of big tech while the bills don't specifically named the company's only these for the parameters the legislation includes a bill the ending platform monopolies act. That would make amazon and other large companies effectively split into two or shed their private label products joining me now with more about the bills and what they could mean for. Big tech is wall street journal. Amazon reporter dana mattioli. Hi dana thanks so much for being here anytime so dana documents and talk to people ahead of their release of this legislation today. What can you tell us. What have you learned about the various bills here. There are five bills that are being released today and they come on the heels of a nearly two year investigation into big tack and the investigation looked at amazon apple facebook and google and the learnings of that investigation inform these bells and some of them could be pretty earth shattering for these companies. So two of the bills in particular could be pretty detrimental. Amazon one of them would mandate structural separation of the company and in essence. That means amazon. Couldn't run this massive online marketplace with hundreds of thousands of sellers and compete against those sellers with their own lines of private labels goods and devices like the echo. So they'd have to figure out if they'd wanna spend that off if they'd want to maybe just stopped making those types of products. Should this be passed. And there's another one that gets into non-discrimination on platforms where it really aims to stop self preferencing from companies that own and operate their own platforms. So tell us more about congressional reviews of big tech. How do these efforts now fit into that broader picture. We're looking at yes. Oh in two thousand. Nineteen the congressional antitrust subcommittee launched an investigation of these four tech companies and over a series of hearings and background conversations and off the record conversations. They came to a conclusion that each of the four companies that they looked into had some aspect of monopoly power and then october they put out a four hundred page report detailing that and nobody you look at the legislation coming out today that is largely based on the findings of that report. What kind of signal does this send to big tech companies. Will you look at these bills. They're very narrowly focused on big tech and these four companies so there are definitions set forth in the bills as to who they might affect. So you have to be accompanied with a larger than six hundred billion dollar market cap. There's really only a handful of companies with that qualification. You have five hundred thousand monthly users again. Only some companies had that qualification and there are other definitions as well so this is pretty narrowly focused on the big tech companies. And i think it sends a signal that the status quo isn't working anymore and that they'll be further changes to anti-trust review. Is there any kind of precedent for action like this. From congress years ago there was the glass steagle act and that's separated commercial and investment banking and it's a little bit similar to what the structural separation bill. That's targeting amazon Looks at amazon. Can't run this massive marketplace where you have third party sellers selling on it and then also creating their own line of private label products that compete directly against them. So that's the probably the closest comp that we have on this so dina. These efforts have bipartisan support. But what is the likelihood of them passing both the house and the senate. It's tough to say at this point in time. What we do know is that both republicans and democrats signed onto each of the bills and antitrust and big tech seemed to be the one area that both republicans and the democrats agree on. You know it's obviously very fractured between the two sides. But when you really dig into the details of the business practices of these companies. There is a lot of agreement across the aisle so far the four companies haven't commented on the proposed legislation all four have defended their competitive practices in the past and said that they operate their products and services to benefit customers dana. How do you think they will respond. Going forward the little too soon to say right now but you have to keep in mind that these four companies in particular have massive massive armies of lobbyists. They spend more than almost any other company in the us on their lobbying power so you have to believe that behind the scenes they are starting to get in touch with the the lawmakers and you know really engaging their lobbyists and other trade groups that's wall street journal. Amazon reporter dana mattioli dana. Thanks so much for your time today. Thanks for having me and finally one of the upsides of the pandemic was that cities were quieter but as the country reopened the noises are back and they can be annoying but more than that. There's a growing body of research that the answer we feel from that constant din can have serious health impacts. Dr thomas moonville chief of cardiology at the university medical center in mines. Germany says it triggers the body's sympathetic nervous system our fight or flight.