Announcer next, major credit card executives testified on excessive fees for card transactions. That is that Card Companies announce a fee hike to insert or tap credit and edit cards. This hearing runs two hours. Good morning. This hearing will come to order. American consumers today are rightly worried about inflation and rising prices for the goods they buy. Today were going to talk about a hidden fee that fuels the fires of inflation across america every day. What they may not know is this swipe fee is contributing to the problem of inflation. When swipe fees on credit and debit cards go up, as they recently did, it increases inflation. Consumers ultimately pay the price. Ironically, this journey for me started in this very room 16 years ago. Arlen specter was a chairman at the senate judiciary. He called the hearing on swipe and interchange fees. I attended because i was not familiar with those terms. I heard for the first time what a swipe fee was. The fact that, when i used my de
Good morning. This hearing will come to order. American consumers today are rightly worried about inflation and rising prices for the goods they buy. Today were going to talk about a hidden fee that fuels the fires of inflation across america every day. What they may not know is this swipe fee is contributing to the problem of inflation. When swipe fees on credit and debit cards go up, as they recently did, it increases inflation. Consumers ultimately pay the price. Ironically, this journey for me started in this very room 16 years ago. Arlen specter was a chairman at the senate judiciary. He called the hearing on swipe and interchange fees. I attended because i was not familiar with those terms. I heard for the first time what a swipe fee was. The fact that, when i used my debit and credit card, the swipe fee was being charged to the retailer that i was ultimately paying. And then, i learned there was virtually no negotiation of those fees. Retailers were at the mercy of the credit ca
Nicole and mobile buying is going well for ebay and paypal, so that is good news there as well. David talk about the news on the dream liner. Good news all over for the market. Liz the bells are ringing on wall street and intel numbers coming in, the Dow Jones Industrial off of the earlier highs off about 85 points, had been hired by more than 100. The s p seeing the level of 14. 80. Will they hold that level . Technicals make a big deal about that. And the russell 2000 small and midcap looking very heavy once again. David oil had a good day again. Selling at 95. 49 per barrel. This is a fourmonth high for the commodity. Again, it is the world growth figures that are leading this fight in oil. Liz outperforming with some of the names posting gains of more than 4 . The best performer followed with the move higher to lift the etf. The top holdings include some of the bigger names like texas instruments. David and even gold, gold settling at a onemonth high. Very close to the 1700 mark. L
And debit card. The senate before the Senate Judiciary committee is two hours. Good morning, this hearing will come to order. American consumers today are rightly worried about inflation and rising prices for the goods they buy. Today we are going to talk about a hidden fee that fuels the fires of inflation across america every day. What they may not know is this wifi is contributing to the problem of inflation. When swipe fees on credit and debit card to go up, as they just recently did, it increases inflation. Consumers ultimately pay the price. Ironically, this journey for me started in this very room 16 years ago. Arland specter was the chairman of the Senate Judiciary committee. He called a key meeting on swipe fees and interchange fees. I intended because i was not familiar with those terms. I heard for the first time wettest life we was. The fact that i use my debit card and credit card a swipe fee was being charged to the retailer that i was ultimately paying. And then i learne
Good morning, this hearing will come to order. American consumers today are rightly worried about inflation and rising prices for the goods they buy. Today we are going to talk about a hidden fee that fuels the fires of inflation across america every day. What they may not know is this wifi is contributing to the problem of inflation. When swipe fees on credit and debit card to go up, as they just recently did, it increases inflation. Consumers ultimately pay the price. Ironically, this journey for me started in this very room 16 years ago. Arland specter was the chairman of the Senate Judiciary committee. He called a key meeting on swipe fees and interchange fees. I intended because i was not familiar with those terms. I heard for the first time wettest life we was. The fact that i use my debit card and credit card a swipe fee was being charged to the retailer that i was ultimately paying. And then i learned that there was virtually no negotiation in those fees. Retailers were at the