2.4000000000 monthly users will forge a new marketplace for streamline purchases and exchanges now that s a lot of big claims there but is it a good idea to trust facebook with their finances so let s go over to the big table now to talk to tom michelle and the head of marketing at lisk good to have you with us thomas so let s get right into it why is facebook doing this i think we re seeing a huge shift from big tech firms moving into the tech space we all know now with apple pay google pay some soon pay and now facebook is also moving into that space and i think that they re shaking up traditional finances and the reason why i think facebook is doing this is to find better users further into the ecosystem potentially adds new revenue streams and i think also most important in mind more user data on the our behavior is what drives us in our purchases online and old this gives them even more power. well because that s what they really did write more power but you know for our viewers h
because this is one of the new school places to gather. what do you think about senator warren being the one with kind of the toughest tech agenda in this tech space? i think it s a smart play for her politically. i think there is a lot of anger over these tech companies being unregulated, and i think they ve been making the argument for a long time they ve they re the big interrupters. they re kind of trying to be good citizens in a way that most corporations don t port tend to be, really. and i think they re kind of asking for it in a sense. and so this is a moment when there is a lot of anger from their lack of action that they took. facebook, for example, in the 2016 election down to amazon having cities compete. right. to give them, you know, a corporate giveaways. and people don t tend to think of most corporations as red or blue. that s right. but before these what you re defining as these 2016 scandals, the tech sector was
for making this part of her passion, of her goal and ultimately what does she expect to achieve with this campaign? well, she is a mother herself first and foremost. so she understands the importance of social media and the impact it has on children growing up. that was something she wanted to make sure she included in her be best campaign which is one of the three pillars, well-being, social media, online safety and good character. jedediah: one of the things i like about the campaign is that the goal is to enable parents. there are a lot of programs out there that parents can better utilize, giving, you know, parents more control about what s going on in their kids lives when it comes to social media, navigating this new tech space. how do you see that impacting the ability of parents to basically look at this new emerging technical sphere and say it is impacting my kids in a positive way and this is more negative. let me get control of this new stuff that we re not so ready for ju
interest rate hikes. bill, good to see you this morning. what s prompted the fed to change its tune here? reporter: it s a turn around from what we saw back in december. powell saying the case for raising rates has weakened and he would need to see a need for further rate hikes. some analysts pointing to the fact that the fed is focusing more on financial market activity than the underlying economic data. we ve seen volatility in the markets as well a that correction to u.s. stocks late last year. some analysts said talking about the u.s.-china trade spat as a significant factor. another interesting story for those watching the tech space involves three silicone valley giants. facebook, apple and google involved in the story. on tuesday apple disabled a facebook developed app from its iphone platform.
nd understa end of last week. let s watch what happens today and, of course, tomorrow i ve got the federal reserve meeting in focus. now, in the tech space, i just want to highlight google news is back in the spotlight. according to reports, google has halted their chinese data collection program which deals a major blow to their dragon fly project. remember, over the course of the last couple of weeks around the congressional hearing, google came under a lot of pressure around this controversial project. at the moment, it seems as though an official launch has been indefinitely postponed. perhaps google is caving to the pressures that they ve been facing. and not to be outdone by amazon or apple, thief unveiled their desire to have a $1 billion campus. thoo. yes. they re going to create a $1