| The government is threatening big tech — and the market just took notice | | |  | WED, JUN 05, 2019 | | | | | | WHERE BUSINESS AND POLITICS CONVERGE | | | | Hi readers,
Overnight, tech regulation is front and center in Washington. The House Judiciary Committee just announced it's launching a bipartisan antitrust investigation into big tech. Meanwhile, Apple, Google, Facebook, and Amazon could face greater antitrust scrutiny as the FTC and DOJ reportedly plan to ramp up oversight. We take a look at the market implications and what we can expect as the first hearings get underway next week.
I know we sound like a broken record, but not a day goes by that we are not focused on trade policy and its implications for the economy. This week, a delegation from Mexico is in DC to meet with administration officials over Pres. Trump's threat to slap 5% tariffs on all Mexican imports. Members of Congress are up in arms, and businesses large and small are speaking out about the impact this will have on their bottom-line.
• Kate Rogers takes a look at the small business impact
• Patti Domm reports on the broader economic implications of Trump's use of tariffs as a political weapon
• But … the Chipotle CFO tells Jim Cramer the Mexican tariffs "won't impact us"
We can't wait to dig into all of these issues at next week's Capital Exchange focused on trade. Registration closes soon, so be sure to sign up if you'd like to join us for this very timely discussion.
See you next week!
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| | The government is threatening big tech — and the market just took notice | | Politicians and technology executives have spent well over a year debating the proper role for regulators in the tech industry, which has assumed outsized influence over the U.S. economy. Monday was the day that the chatter turned to early stages of action, and the market punished big tech. | | | | | | Small businesses are balking at the latest round of proposed tariffs | | Main street groups are sounding off on President Donald Trump's latest round of tariff proposals – this time levied on goods imported from Mexico. Optimism has climbed steadily and held near record levels since Trump won the presidential election, but in recent months, business groups have begun to express concern, taking issue with ongoing trade tensions. | | | | | | Capital Exchange
Global Trade: Thriving in a New Era
Tariffs, a new NAFTA, an ascendant China, Brexit. Amid all the variables and all the noise, one thing is clear: we've entered a new era of global trade. What policies and strategies will allow American businesses and the U.S. economy to thrive?
Featured speakers include:
Clete Willems, Former Special Assistant to the President for International Trade, Investment, and Development
Craig Allen, President of U.S.-China Business Council
Thea Lee, President of the Economic Policy Institute
Interviewed by: Kayla Tausche, Washington correspondent, CNBC | | Capital Exchange: Global Trade June 11, 2019
Washington D.C. | | Capital Exchange
Economy 2020: Achieving Sustainable Growth
Capital Exchange events feature candid conversations about how business and government can better collaborate to create jobs and economic growth. Featuring top lawmakers, CEOs and administration officials, Capital Exchange will focus on the confluence of policy, business and money. Events will cover such topics as Innovation and Regulation; Immigration Policy and the Economy; Finance, Markets and Banking in the Trump Era; The New American Labor Force. | | Economy 2020: Achieving Sustainable Growth July 9, 2019
Washington D.C. | |
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