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Without objection the chair is authorized today declare a recess of the committee at any time. This hearing is entitled an examination of facebook and its impact on the Financial Services and housing sectors. I now recognize myself for five minutes to give an Opening Statement. Today, were here to examine the impact of facebook on the Financial Services and housing sectors. Our sole witness is facebooks chairman and ceo, Mark Zuckerberg. Facebooks plans to create a Digital Currency, libra, and a digital wallet raise many concerns relating to privacy, trading risk, discrimination, opportunities...

Whose made the logistics behind that possible. Id like to thank the witnesses from the Different Companies well seed to for their evidence too. Just one small piece of House Keeping from the start. For people who are unfamiliar with the work of how fast commons select committees maybe more familiar with the work of congressional committees, its understood that anyone taking part in the proceeding of particle lent like this answers questions honestly and truthfully to the committee and its an offense to mislead parliament. Im nol not saying our witnesses would do that but we dont require them t...

Media, all that coming up after the close tonight. Plus in case you missed it, former chair fed addressing. We have the sound for you coming up. Yes, well get responses to that as well. Oracle shares are down 11 this year so far. Jeffreys is upgrading that stock to buy with a 50 price target. You see the trading at 39 and three quarters. You have the analyst on oracle coming up moments from now. On markets today, the dow up four points. The s p higher. The nasdaq doing better up 20 points. Even though facebook is still low were after the earnings support. A lot of people liked what they saw on...

Field tonight. A treasure trove for lawyers and hint, hes mad as hell and hes not going to take it anymore. Varney company is about to begin. Lets get to it. The markets, that is. Were going to be down at the opening bell, 70 or 80 points, were all over the selloff, how bad is it going to be and we will be asking that question for three hours. The price of oil bouncing no, not bouncing down, back at 40. 87 per barrel, again, were looking to see if it drops below 40. Were showing 39 on the screen at some point today. Well see. Gas, good news, the pace of the decline in prices is picking up stea...

This region and to its people. Out ofjail rolf harris appears in court on trial for historical Indecent Assault. And the sun smiles on chelsea as we get a Sneak Preview of the worlds most famous flower show. And coming up on the sport on bbc news. Not for sale. Arsenals Majority Shareholder says hes committed to the club after rejecting a £1 billion takeover. Good afternoon and welcome to the bbc news at one. The conservatives have performed a rapid climbdown over their central manifesto pledge on social care. Theresa may, in a Campaign Speech in wrexham, said their plans now include a consul...