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The committee will come to order. 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 r...

[inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to ord order. [inaudible conversations] [inaudible conversations] [inaudible conversations] without objection the chair is authorized to declare 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 we are here to examine the act of facebook on the Financial Services and housing sectors. Our sole w...

500 today, Texas Instruments, down about 7 . Thats your biggest decliner in the Philadelphia Semiconductor index, dragging most of the chip stocks lower. A lot of folks thought that the decline in those chip stocks, the decline in that memory cycle, that hit bottom. The results we got out of Texas Instruments seems to suggest that bottom not quite there. And youre seeing bids coming into the havens. 10year treasury yield down to 1. 73. Its interesting, the bond bulls not deterred, buying the dip every chance they get. We dont look at bitcoin very often, but worth it today. Down about 8 , down ...

Heavyweights cat cuts earnings outlook. Boeing sticking to the timeline for the return of the 737 max. Softbanks massive wework bailout. The latest deal details and the golden parachute for adam neumann. Mark zuckerberg goes to washington were going tostart with that pair of dow components, boeing erasing earlier losses despite a big earnings miss. Revenues slightly above consensus. Company still sees the 737 max getting back to service in q4. And then there is caterpillar, missing with quarterly results, cutting full year guide, hurt by weaker demand in china the first decline in quarterly pr...

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...