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[inaudible conversations] the hearing will come to order. Today we will receive testimony from david marcus head of libra at facebook. On may 9 senator brown and i sent a letter shortly after it was reported that company was recruiting Financial Institutions and online merchants to launch a cryptocurrency based Payment System using a social network. We asked space bar for more information how the system would work, access and use of Consumer Financial information and facebooks access to use of i...

From the g7d review working group and others, is to have a very stable value retentive Digital Currency. It will be a very high quality Digital Currency in a number of countries that are currently receiving a lot of their income from abroad. They will now receive a lot of their income from abroad in a Stable Currency that will retain its value. Obviously many of those same third world countries and some than third world have very strict controls on foreign currency. They have currency controls a...

[gavel] this meeting will come to order. Will come to order. Today we will receive testimony from david marcus head of libra at facebook. On may 9 senator brown and i sent a letter shortly after it was reported that company was recruiting Financial Institutions and online merchants to launch a cryptocurrency based Payment System using a social network. We asked space bar for more information how the system would work, access and use of Consumer Financial information and facebooks access to use o...

Discussion on slave refugee camps during the war. Watch American History tv tonight at 8 00 p. M. Eastern on cspan 3. This past june, facebook announced plans for its own crypto currency called libra. The cocreator of Libra David Marcus answered lawmakers concerned over the Digital Currency before the Senate Banking committee. This is about 2 1 2 hours. This hearing will come to order. Today we will receive testimony from david marcus, head of libra at facebook. On may 9, senator brown and i sen...

Banks mixed. Carmax, the worst performer. 2. 13 , crude up to oil below 65 a barrel. Trucking index, s p, best performer today, more than 8 up. That is relieving investors. European markets now. A better day in europe. The dax up a quarter of 1 , cac upup 6 10 of 1 , ftse 100 for tenths of 1 4 10 of 1 . Questions about barbary moving over. First quarter doing well in china. That stock is up 13 . Thank earnings season, j. P. Banks, wells fargo, reported earnings this morning. Lets bring in our In...

Interested forecasts ibm is betting on 5g growth and the cloud, it has a tieup with at t that is talking exclusively with jim about he got both. And president ial pressure trump saying his administration will take a look at accusations from tech investor peter thiel that google coordinated with the Chinese Government so some mixed reaction out on bank earnings. Jpmorgan chase, Goldman Sachs, wells fargo. Guys, obvious lly the reason th stock is down they lowered their nim forecast by 500 million...

We will be active in payments services, congresswoman, and enable all of these people who dont have access modern Payment Systems to move their money around and have access to World Economy and will be in the payments business, as far as colibra wallet. Let in ask you another question on governance. In your open statement you said it would nothing be overpowered by facebook because you would only have one vote. So, in the world of banking, because in my mind its still banking, were dealing with ...

Free cspan radio app. Earlier today facebooks david marcus testified before the Senate Banking committee to address concerns over the companys proposed Digital Currency. This is 2 hours and 20 minutes. This hearing will come to order. Today we will receive testimony from david marcus, head of libra at facebook. On may 9, senator brown and i sent a letter to facebook shortly after it was reported that the company was recruiting Financial Institutions and online merchants to help launch a cryptocu...

Facebook has announced plans for a new Digital Currency, called libra. David marcus testified for the House Financial Services committee. The committee will come to order. The chair is often recess of the committee at any time. This is entitled based proposed crypto currency an impact on consumers, 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, ...

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...