His big tech hitting two big is big tech getting too big . Shery we are seeing u. S. Futures slightly higher, up. 1 , this after we saw stocks falling in the selloff in tech intensifying in the u. S. With the fomc leaving the markets and a Little Information lot of questions about the state of the economy and the recovery. We are seeing japanese futures holdings that he at the moment. At this of course as we head for the boj decision. Really not much change expected right there. Stimuluscy to step up receiving. We have a new cabinet in japan as well with the new Prime Minister su,gaga. Right now, under a little bit of it has reached the 105 level. Key restocks gaining. 25 . We have Second Quarter gdp numbers coming in sightly better than expected, but still, the worst contraction since the great depression, down 12. 2 quarter on quarter, haiti. Haidi haidi. Haidi the Federal Reserve pInterest Rates near zero. Interest rates near zero. Ever evolving to medications strategy it unveiled l
[inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to ord order. [inaudible conversations] [inaudible conversations] [inaudible conversations] without objection the chair is authorized to declare recess of the committee at any time. This hearing is entitled an examination of facebook and its impact on the Financial Services and housing sectors. I now recognize myself for five minutes to give an Opening Statement. Today we are here to examine the act of facebook on the Financial Services and housing sectors. Our sole witnesses the facebook chairman and ceo, Mark Zuckerberg. Facebooks plan to create a Digital Currency, libra, and a digital wallet raised many concerns relating to privacy, trading risks, discrimination, opportunities for diverse owned financial firms, National Security, Monetary Policy and the stability of the Global Financial system i and other democrats have called for a moratorium on facebooks
Aforementioned yahoo . They were just talking about it. Well get you ahead of all of the trades. Mandy has gone down to the heart of the action at the New York Stock Exchange. Hi mandy. Its a down day, as you said but being driven by a few stocks as you mentioned. Ibm and United Technologies for more than 100 points of the dows drop. Bob pisani joins us here on the floor of the stock exchange. We did not color coordinate ourselves. But it looks good. A happy coincidence. The important thing is if you look at ibm and United Technologies, put them up for me, they are about 120 points to the drop in the dow that were seeing today so very very unusual action, and thats why the dow is much weaker, for example, than the s p 500. We are having a problem, again. So in the First Quarter, put up whats going on with United Technology and ill show you this. In the First Quarter the big problem for Multinational Companies was number one. Week Global Growth particularly china and secondly the strong
Look after the nearly three million refugees already there. Former republican president ial nominee mitt romney will vote for texas senator ted cruz in utahs caucuses next tuesday. Romney made the announcement in a facebook post. He said hes working to unite the Republican Party around an alternative to donald trump. And lawmakers in brazil are moving forward with proceedings to impeach the president there as a corruption crisis puts her administration in jeopardy. A federal judge has suspended an injunction that blocked her appointment of her mentor, former president , as her chief of staff. Global news 24 hours a day, powered by our 2,400 journalists in more than 150 news bureaus around the world. Bloomberg west is next. Emily im emily chang and this is bloomberg west. Coming up, apple set to unveil new products at an event on monday. Will we see an unhackable phone in the lineup in well ask the experts. Plus, its a Virtual Reality hat trick this week. I sit down with h. T. C. s head
Administration in jeopardy. A federal judge has suspended an injunction that blocked her appointment of her mentor, former president , as her chief of staff. Global news 24 hours a day, powered by our 2,400 journalists in more than 150 news bureaus around the world. Bloomberg west is next. Emily im emily chang and this is bloomberg west. Coming up, apple set to unveil new products at an event on monday. Will we see an unhackable phone in the lineup in well ask the experts. Plus, its a Virtual Reality hat trick this week. I sit down with h. T. C. s head to check out their new hardware. And the show time. As the network sets out on an ambitious expansion. We catch up with the man leading the charge, the c. E. O. First, to our lead. Silicon valley gearing up for announcements from apple on monday. One day before a major ruling in the San Bernardino case, which could determine whether apple is in fact required to unlock the gunmans iphone. So, what can we expect from this event on monday .