Page 13 - David Marcus News Today

Analysts bet on new seasons of shows like Stranger Things. Elon musk announces his latest startup nuero link, successfully implanting wires into brains and enabling a monkey to control the a computer. The next goal is human trials. We begin with the hearings on capitol hill. Googlek, amazon, apple, all appearing in washington to answer lawmaker questions on antitrust, social media, and cryptocurrency. The first was facebook as the Banking Committee fired searing questions at the cocreator of the...

Just out he says that we know we need to take the time to get this right. And he expects that the time between now and the launch period will be an open process and he acknowledges that it will be subject to Regulatory Oversight and review he also says that he agrees with the concerns of fed chairman jay powell, that reviewing libra needs to be a patient and thorough process rather than a sprint to implementation david marcus also calls Economic Empowerment one of facebooks core values. Thats wh...

Maxine waters. Mind games. Technology can read a rats mind. Goal, human. First to our top story. Netflix tumbling after the streaming giant reported a loss of u. S. Customers for the Second Quarter. Earnings renewing prospects. Netflix says it lost 130,000 customers in the United States as a result of higher prices and a weaker slate of shows. It is signed up 2. 7 million subscribers globally, also missing projections. Joining us now to discuss the underwhelming results, michael and bloombergs l...

Little love for libra. To take onzon plans its new highend echo speaker. Begin with that fresh facebook news. The ftc has approved a privacy settlement with the social media giant, fining facebook about 5 billion. This marks the most significant axiom yet against facebook over a series and send the company reeling from one crisis to another. I want to bring in kurt waggoner, who covers facebook for us. He joins us on the phone. In washington we have naomi, who covers corporate influence. We know...

Stocks went up 225 billion. Were up 10. 1 trillion since the election of donald trump. This monday morning, the dows going to be up about 50, modest gain for the s p, but look at that nasdaq. Up about onethird of 1 , 24 points up. Big tech looks like its rallying today. Earnings season has begun. Good numbers from citi this morning. Its goldman tomorrow, ibm wednesday, microsoft thursday. How about this from peter teal. Google, he says, is treasonous, his word. He asks three questions. Has googl...

Thought. Meanwhile, the president faces pushback from the chinese for those business deals with taiwan. The chinese are vowing to push back with tariffs of their own. The tier four continues. The Business Community against those tariffs. Strongsident setting the Economic Growth market despite fed policy. David we will turn back to china in a moment. Will the president have one less soldier in his army for the tariff war . That is wilbur ross. Facingwilbur ross questions, according to nbc news, q...

Which he struck a very humble but sort of defensive tone in saying that libra is not intended to be an investment vehicle. Its intended to be a payment vehicle that the crypt okurancy will not be used for monetary policy, and sort of defending this as a way for facebook to provide Economic Opportunity to its users. But of course, he is going to be facing a very hostile environment when he testifies tomorrow, and certainly well see if that same tone is echoed by the treasury secretary when he spe...

Investors, and the American Financial system. I will now give an Opening Statement for five minutes. Today we are here for a hearing on its books proposed Digital Currency, libra, and digital wallet, and the impact on consumers, investors, and the Financial System. David marcus, following his testimony, a panel of experts will share their views on this book plans, is there are serious concerns about the creation of a Digital Currency and digital wallet to expand its reach, like mastercard, paypa...

United states has shot itself the in the foot. Conversations about the Global Economy from the g7 finance meeting. We need to be thinking about what happens if there is more than a slowdown. You now need countries that have the fiscal space to stimulate their economies. Abigail its all straight ahead on bloomberg best. Hello and welcome. Im abigail doolittle. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around ...

Jap japans exports fell 6. 7 in june, much more than expected. They were looking for a 5. 4 drop tex tend the bigger surprise drop was a 5. 2 drop in importeds versus the 0. 2 decline economists were expected the nikkei was down by 2 . Hang seng off by a half percent. The shanghai down by 1 . In europe, red arrows there as well spain off by 1 . Lesser losses for the other averages check out the treasury market. You will see that the treasury market this morning is showing the tenyear with a yiel...