​Fed loses its patience; Apple, Facebook dominate mobile paradigm shift

The Fed decided to scrap the word ‘patient’ from its language when referring to rate hikes, rallying markets, while the US 10-year Treasury yield dipped below 2 percent for the first time since March 2. Erin weighs in. Max Wolff of Manhattan Venture Partners explains why Apple turns to the public instead of developers when it comes to their iOS mobile platform. Edward asks Lockhart Steele, editorial director at Vox Media, how well old media understands new media (if at all) and gives us his take on Jeff Bezos taking over the Washington Post. And in The Big Deal, Erin and Edward discuss the Fed’s policy statement and the possibility of raised rates.

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