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Google, Facebook, Apple, Microsoft, Amazon…all are either getting blocked or trampled on by Chinese companies that do the same thing. Yahoo Finance’s Alexis Christoforous, Andy Serwer, and Pras Subramanian discuss why American companies can’t seem to sink their teeth into China’s growing market share.
This week’s economic calendar will provide investors with two very important data points: the Federal Open Market Committee (FOMC) meeting on Tuesday and Wednesday that culminates with an announcement of monetary policy and the initial Q2 GDP reading on Friday. This week’s FOMC meeting and announcement are not expected to provide much in the way of excitement for the Street. The FOMC is widely expected to keep the federal funds target rate range unchanged at 1.00% to 1.25%.
Matt Cheslock joins Yahoo Finance's Alexis Christoforous from the floor of the New York Stock Exchange to discuss the big tech earnings on deck this week, including Google, Facebook and Amazon.