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June 24, 2024
You may have got the new credit card recently with a chip in it. Consumer advocates from the credit card industry will discuss the implementation of that chip card technology. A group called protect my data is protecting hosting this of that. This is live coverage on a cspan. We expected to start in just a moment. Good afternoon unwelcome. It good afternoon and welcome. Thank you for being here. Thank you for taking part of this conversation today. We will follow up on the event we had last year...
June 24, 2024
There is an organization governed by visa and mastercard. They control the technology that is the backend for these smart chips. One of our Lessons Learned early on is they manage the process well. Its an indicator that we have huge concerns about them being involved in transitioning the u. S. To digital and mobile commerce in the future. Thats one of the biggest lessons and takeaways for merchants who have had to rely on the companies for this major transition. Some members of congress of start...
June 24, 2024
Were highlighted in president obamas executive order that required technology for government issued credit cards and in a pride of the old terminals at federal buildings. Others have recognized that security benefits of combining chip cards with pins. In the last two weeks, discover, one of the largest card brands, embraced the willingness to use pins. New york had a consumer alert stating in part that chip cards that require a personal Identification Number could be entered at a pointofsale to ...
June 23, 2024
Than the ipad. And about 48 hours to go until cnbc hosts the next republican president ial debate live in colorado. Where do the candidates stand on the legalization of marijuana . And what does the booming industry want to hear from them . Well speak with the ceo of one of the biggest pot dispensaries in the nation. We do begin though with the crisis engulfing one of the Biggest Pharmaceutical Companies around. Yes, were talking about valeant and top brass is meteding with analysts today to dis...
June 23, 2024
The shares fell for the Third Straight year to the lowest level in 30 years, this all according to the National Association of real tors annual survey. Just 32 of buyers were firsttimers and historically that share is about 40 . Firsttime buyers surveyed said all forms of debt had delayed their saving for a down payment by a median of three years and for those who had the hardest time saving, more than half said it was Student Loan Debt that was the culprit. Another change in buyers, the realtor...
June 23, 2024
Citys police superintendent. This comes after a video showing a white officer fatally shooting a life teenager. You can get more on these and other breaking stories bloomberg. Com at. Mrs. Bloomberg. Coming up, Mark Zuckerberg gains a daughter and gives away a fortune. The facebook founder announcing his plans to donate 99 of his shares in the social network. Plus, a changing of the guard. Can the new leader save the smartphone business . And what goes down must come up a new investment in snapc...
June 23, 2024
That she was a contraction. I want to Bloombergs Julie Hyman with more on numbers. Julie contractions are a negative surprise. Economists had estimated 15 and inalf, expansion manufacturing. Instead, we got a reading of 40. 6, even after we have the Market Manufacturing number 15 minutes ago that showed an expansion, a better than estimated number. A couple of different readings. Prices paid rising less than estimated, a reading of 35. 5. At the same time, we got Construction Spending month over...
June 23, 2024
And volkswagen recalling cars in india. Than 19e announced more recalls. Lets look at markets. Hong kong and china, currently closed for lunch. Trading in they the morning. This is how it looks at the moment. Singapore up 0. 8 . I am back in half an hour with another update. Time for bloomberg west. Emily im emily chang and you are watching bloomberg west. Coming up, Mark Zuckerberg gains a daughter and gives away a fortune. The facebook founder announcing his plans to donate 99 of his shares in...
June 23, 2024
Holidays s p futures up by 5 and nasdaq up by 11. 5. Heres some of the stories were watching this morning. Economic data later today. 8 30 a. M. Eastern time weekly jobless game. And then at 10 consumer sentiment. Deer will post the latest Quarterly Results before the bell and a story of note for sports fans. Draft kings and fan duel have their day in court. Theyll square off against the new York Attorney general today at the state court in manhattan. The ruling will decide whether or not the co...
June 23, 2024
We begin with the markets. Take a look at stocks today. Slightly hire. Dow good for 80. The final read on q3 gdp coming up at 2 . Oil also on the rise as we count down the final trading days before the Christmas Holiday and as we look ahead to a 2016 could have in store for investors. Great to have all you guys here. Joe, whats your big thought for the day as we watch the market head towards the end of the year . It seems as though Money Managers are trying to pick up a little extra beta at the ...