[inaudible conversations] okay. Here we are. Thank you. Good morning, everyone. My loud enough . Good morning, everyone. It is such a pleasure as to welcome you all on behalf of the brookings institution, Cornell Law School and band of law school, erin, dan and i are truly thrilled, incredibly delighted and deeply honored that you join us today in person as well as online to talk about the u. S. Financial and Payment System. Given that it is a friday of a Holiday Weekend and you guys are here to talk about the Payment System on a dreary d. C. Day, i think its safe to assume that you are here for a completely unabashedly full on nerd experience for the day. And so that is exactly what were here to give you. Because the u. S. Payment system deeply, desperately needs it. It needs your ideas. It needs or technologies. It needs your policies. Needs your passion to get it ready and equipped for the digital century that we know is already here. We know i think in this room that the u. S. Paym
Businesses. Here we are. Thank you. Good morning, everyone. It is a pleasure to welcome you all on behalf of the brookings institution. Cornell law school and vanderbilt law school. We are incredibly delighted that you have joined us today in person as well as online. Talk with u. S. Financial system, given that it is outside of a Holiday Weekend and you guys are here to talk about the Payment System, i think it is safe to assume you are here for a completely full on nerd experience so that is exactly what we are here for. Deeply desperately needs it. It needs your ideas, it needs your policies and passion to get it ready and equipped but we know is already here so we know the u. S. Payment t system has undergone structural transformation over the last three or four years and if we could have a show of hands in the room, youve been using the last 24 hours to pay for anything. One, two, three, four. You think as much as so many of us are moving toward a cashless universe especially afte
App featuring your unfiltered view of whats happening in washington live and ondemand. Keep up with todays biggest events with live streams of floor proceedings and hearings from the u. S. Congress, white house events, the courts, campaigns and more from the world of politics all at your fingertips. You can also stay current with the latest episodes of washington journal and by scheduling information for cspans tv networks and cspan radio plus a variety of compelling podcast here cspan now is available at the apple store and google play. Download it for free today. Cspan now, youre your t to washington anytime anywhere. , it up next to a discussion on the current state of the american Payment System and inclusion of nonbank digital Payment Systems your topics include the change from cash to Digital Payment services and the regulation of Money Service businesses. [inaudible conversations] [inaudible conversations] okay. Here we are. Thank you. Good morning, everyone. My loud enough . Go
Time in history. Instead it rallies to new highs dow gaining 256 points s p climbing 1 . And while that may seem crazy, theres actually some very good explanations lets start with the negatives, though first there was this mornings tweet from the president , meeting with chuck and nancy today, of course, chuck schumer, nancy pelosi about keeping government open and working. Problem is they want Illegal Immigrants flooding into your country unchecked. Are weak on crime and want to raise taxes substantially. You know at most times the story like that about a potential Government Shutdown would have sent the stock market into a complete tailspin. Government shutdowns are synonymous with lower stock prices even if the democrats hadnt canceled their meeting the rally over this could take weeks, months secret that tends to weigh on the stock market. But not this stock market. Instead we rallied on the news why . Who knows. Maybe it signals that the republicans dont need votes to keep it fund
Tightening is set to hasten . While disney is said to be near a deal for a big chunk of the murdoch empire as comcast drops out of the race. How will sky shares react . Were less than half an hour away from the start of european trading. Taking a look at futures. We are looking at gains here in the ftse about a quarter of a percent. Much on the continent. It is the oil stocks that are going to be the interesting thing to watch. A big gain, highest level we have seen in 2. 5 years. You will want to watch the producers as well. Gain is due to the crack in the pipeline and the shutdown. Taking a look at treasuries, u. S. Treasuries, if you look at the Bigger Picture is not as interesting. They have not moved that much. 2. 38. We are stuck in a range but it does look like investors are buying treasuries today. They are doing the same with gilts and that could mean they might not be to have the cash to put to use of the equity markets. We will see in 28 minutes time. Anna lets have a look a