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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...

The eu stop job top job and gives her take on european relations. We should never forget that we are allies and friends. We sit on the same side of the table. Manus warm welcome to daybreak europe. The company that makes the machine that makes the chips, asm beat on their sales number in the Second Quarter. Its their guidance for the Third Quarter where the market will take some umbrage. Of 2. 6liver net sales billion. Thats the top line for them. The estimate was 2. 57. Slippage in the Third Quarter. It will come at 3 billion below the 3. 24 that was estimated. Margins will dissipate to 43 fr...

Congresswoman on twitter again trump does not use hes a racist plus u. S. Senator slammed facebooks plans to introduce its own cryptocurrency lawmakers called the companys delusional and say that it cant be trusted after scandals over privacy and data protection. Time sarah kelly walked into the Program Members of the European Parliament have made history of dialect in the 1st woman as Commission President germanys outgoing defense minister ursula found aligned one lawmakers backing to take the role she has promised to quote unite a strong europe saying that she would work constructively and p...

Turmoil in Hong Kong Hits the swiss watchmakers first half sales. Chipmakers gain ground as Dialog Semiconductor raises its guidance and asml forecasts solid growth for the rest of the year good morning top of the hour on street signs. Lets go over some price action weve had over the last 24 hours ending with the wall street moves yesterday. What we saw on wall street is u. S. Equities slipped for the first session in four days the dow ending about 23 points lower. A tenth of a percentage point. A fraction weaker as we get into the heart of the earnings season the drops were bigger for the s p...

Lets get a check in on the markets. European equities are pretty flat. The stoxx 600 struggling for direction. You heard and the headlines, three key things we heard. The dovish message from Jerome Powell reiterated and we got better than expected data in terms of retail sales and factory output, pushing the 10 year yield up. It also pushed the dollar higher and we hold on to those gains. The question as whether President Trump can have the weaker dollar at the same time as a strong economy. And can he have gains in stocks as the same time as a trade war continues . As you made those comments,...