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Easing of lockdowns. Taylor i got him steven major you have thes massive helicopter money and stimulus but if the demand does not come back, he is more worried about disinflation, that made my ears perk up. Francine lets get straight to the bloomberg first word news. The European Unions executive arm is coming out with its own stimulus package to deal with the regions worst economic emergency since world war ii and calls for spending 823 billion. Two thirds will be in the form of grants and the rest will be loans and funded by joint debt issuance. In hong kong, hundreds of protesters returned to the streets demonstrating against chinas plan to take more control of the city with National Security measures. Projectiles. Ired the u. S. Is thinking of ways to punish china for the hong kong crackdown and is weighing whether to declare the colony has lost autonomy from beijing. ....
You may have got the new credit card recently with a chip in it. Consumer advocates from the credit card industry will discuss the implementation of that chip card technology. A group called protect my data is protecting hosting this of that. This is live coverage on a cspan. We expected to start in just a moment. Good afternoon unwelcome. It good afternoon and welcome. Thank you for being here. Thank you for taking part of this conversation today. We will follow up on the event we had last year. That me start again. Anyone missed it, i want to welcome you today to take part in this great conversation we are having on the chip card transition six months later. Lynn with attacked my data. Thank you for being here. We had a great event last year that i hope some of you were able to make it too. We will have time to answer any questions you have. Over six months since the october 1 liability shift deadline and we are here to explore the progress the industry has made to protect consumers ....
There is an organization governed by visa and mastercard. They control the technology that is the backend for these smart chips. One of our Lessons Learned early on is they manage the process well. Its an indicator that we have huge concerns about them being involved in transitioning the u. S. To digital and mobile commerce in the future. Thats one of the biggest lessons and takeaways for merchants who have had to rely on the companies for this major transition. Some members of congress of started to look into this and how its organized in governed. We need to ask why we dont have a more robust four pin here in the United States. There are branches of the Federal Reserve studying security who point to the development of standards which they directly and explicitly reference. It may result in lesser security as well as c ....
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