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, paypal, visa, uber reggie lyft rideshare, and specify. Is trying to create a new global fund to rival the us dollar this venture is slated to be based in switzerland, which has a history of creating a haven for criminals and shady corporations. This plan includes serious privacy training, and monitoring of policy concerns. With 2 billion users, will have immediate access to these products, but also from consumers, festers, and the global economy. In addition, facebook has proposed government guarante
Tech companies from amazon to netflix are being targeted in a campaign from a large group of investors calling for transparency in Environmental Impact. Can corporations take the lead on stability . Facebook is launching a cryptocurrency called libra. Social media giant wants you to think of it like the u. S. Dollar but a currency you can use globally, if it is successful. Libra is known as a stable coin, a Digital Currency backed by government supported currencies and securities. It is the culmination of a yearlong effort as facebook seeks to spur growth on various platforms that count more than 2 billion users. Spotify, stripe, uber, visa, mastercard are among almost 30 Companies Supporting the project. Will this make it to the mainstream or will it be another overhyped facebook product that never quite takes off . One lawmaker has an opinion. Senator Sherrod Brown tweeted, facebook is already too big and too powerful and uses data to exploit privacy. We cannot allow facebook to run
Cornell. This is the first time well talk to him since last weekends events where so many cash registers were shut down and Stores Across the country. Also well talk about what the consumer is doing now because last august when we talked to brian he said he had never seen a better retail environment. Also as you can see, former secretary of state, condoleezza rigs will be joining us and g e given the incidents last week in the straits of hormuz with the tanker attacks, well talk to her about what this means. Joe, i know youve been watching the markets closely. I am watching that sun come up beautiful. Youre on the 18th thats the green behind you. Condi will tee it up, i have no doubt. She is pretty good shes a fantastic golfer. But, yes a lot happening here its nice to be on a golf course where the sun is coming up as we start the show youre a midwest type you know i am. You travel the midwest. You see the country. You see what other people not only that, my best friend from when i was
To the Global Economy . The same financial portunits. Introducing libra, a new global currency. Amy in a move that could reshape the worlds financial system, facebook has unveiled plans to launch a new Global Digital currency called libra. But regulators and lawmakers are already pushing back. Are we seeing a corporate effort to wrest Monetary Policy away from individual nations and their Central Banks . Then we go to phoenix, where police held an africanamerican family at gunpoint because their fouryearold daughter had allegedly taken a doll from a Family Dollar store. I was very much in fear for my families life in my life. I thought we were all going to be executed. It is very sad it suld not ppen ovea do. Amy we ll be ined by e family andheir sposperso th we lookt a high ntestedistrictttorneys wherequeensnew york one of the candidates is making headlines by bowing to radically shape theriminal stice system. Im a gridatina fr a rkingcls family we a with thsystem itrying toeep down.
To the Global Economy . The same financial portunits. Introducing libra, a new global currency. Amy in a move that could reshape the worlds financial system, facebook has unveiled plans to launch a new Global Digital currency called libra. But regulators and lawmakers are already pushing back. Are we seeing a corporate effort to wrest Monetary Policy away from individual nations and their Central Banks . Then we go to phoenix, where police held an africanamerican family at gunpoint because their fouryearold daughter had allegedly taken a doll from a Family Dollar store. I was very much in fear for my families life in my life. I thought we were all going to be executed. It is very sad it suld not ppen ovea do. Amy we ll be ined by e family andheir sposperso th we lookt a high ntestedistrictttorneys wherequeensnew york one of the candidates is making headlines by bowing to radically shape theriminal stice system. Im a gridatina fr a rkingcls family we a with thsystem itrying toeep down.