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 cryptocurrency based Payment System using its social network. Our letter asked facebook for more information about how the system would work. Its access to and use of Consumer Financial information, and facebooks access to and use of information on individuals or groups of individuals in credit, insure, employment or housing. I appreciate facebooks response last week. Shortly after the letter was sent, facebook formally announce ds its intention to launch the Payment System libra and issued a white pape
Treasonous. Should google be worried . Margaret vester prepares for a summer finale to her fiveyear crackdown on u. S. Tech giants. Story, bigto our top tech in the eye of the storm on capitol hill. Facebook, amazon, apple, google, all appearing in washington to answer lawmakers sques questions. The first to be raked over the of thethe cocreator cryptocurrency project. Facebook is dangerous. Now, facebook might not intend ly theyangerous, but sure do not respect the technologies they are playing with, like a toddler who has gotten a hold of a book of matches. Their motto is to move fast and break things. You mean them a chance to experiment with peoples bank accounts. We will take the time to get this right. Wouldnt it be easier and safer if people could inexpensively secure money transfers through their smartphones just like they do for so many things today . That is what libra is about. I do not trust you guys, so instead of cleaning up your house, now youre are launching into anothe
What is required to bolster the economy. Basisx faces of tech of grilling. The biggest showdown with congress in 20 years. Shery lets get you started with a quick check up on how markets closed. The tuesday session in the u. S. That p 500 halting fiveday rally that we saw in the past week. We have the tech sector underperforming as we had more scrutiny on regulations from congress on some tech giants. The nasdaq fell. 4 . Energy producers were waiting on the s p 500. We continue to see the oil selloff. We had great news when it came to a few earnings. Goldman sachs jumping after the beat on their trading revenue. Pretty solid bailout when it came to u. S. Retail sales in june. Lets see how we are setting up for asia. Sophie this wednesday, asian futures are pointing lower while stocks and wellington are not budging too much after a twoday decline. A rise in iron ore output. Korean chip related stocks on view on reports that they are Testing Hydrogen fluoride from other countries. Crypt
The president on thursday expressed regrets about that chant saying he disagreed with it. Is his feud with the four Democratic Congresswomen setting the tone for his 2020 Reelection Campaign . Lets ask wall street journal communist who served as Senior Advisor to president george w. Bush, karl rove. Carl, welcome. You wrote this week for us that you thought that alexandria cortez and i assume some of the other women in her squad are hurting democrats and helping the republicans. How so . They are so big a presence in social media and in the media generally that their leftwing views are getting an outsized attention and so when alexandria ocasiocortez puts out a draft for the Green New Deal that talks about how flatulence and unspecified measures to restrict people from getting on planes to take their vacations in a transfer mission of our entire society it gets attention. Similarly, their views on things like israel and the war on terror the first week in july aoc called for the abolit
Expressed regrets about that chant saying he disagreed with it. Is his feud with the four Democratic Congresswomen setting the tone for his 2020 Reelection Campaign . Lets ask wall street journal communist who served as Senior Advisor to president george w. Bush, karl rove. Carl, welcome. You wrote this week for us that you thought that alexandria cortez and i assume some of the other women in her squad are hurting democrats and helping the republicans. How so . They are so big a presence in social media and in the media generally that their leftwing views are getting an outsized attention and so when alexandria ocasiocortez puts out a draft for the Green New Deal that talks about how flatulence and unspecified measures to restrict people from getting on planes to take their vacations in a transfer mission of our entire society it gets attention. Similarly, their views on things like israel and the war on terror the first week in july aoc called for the abolition of the foreman of home