Hearing over cripper to currency planned by facebook, getting panned by the likes of the president and fed chair jerome powell. Well go to capitol hill for that and so much more on making money. Charles facebook welcomed with not so open arms in capitol hill. Senators making their displeasure with the company on a grilling of libra cryptocurrency. Ebb wardlaw recognize live in washington with more. Edward . Reporter senators were very concerned about facebooks past problems, now their plans to lawn of the cryptocurrency called libra. I dont think for a minute that facebook created hate but we know that their competing missions of connecting people and turning a profit creating an algorithm and a Business Model that intensified it. The head of colibra david marcus defending what facebook has done with privacy breaches, selling customers data and slow to react to russian agents trying to affect the election. Why in the world should facebook of all Companies Given the last couple of years
With Top Republicans in the roosevelt room, his feud with freshmen congresswoman is intensifying. Well bring you any headlines as they happen at this hour. Big tech under fire on capitol hill. Lawmakers taking shots at executives at facebook, amazon, amid fears the Silicon Valley giants have too much power. Democrats on the campaign trail in iowa. The 2020 hopefuls making their pitch to voters on health care and drug prices. Joe biden is even bringing back a familiar promise something that former president obamas lie of the year. Why would you do that . Ashley i dont know. Well get no that. Doesnt seem to make sense. We have fox Business Team coverage. Gerri willis on the floor of the new york stock exchange, phil flynn as always watching oil at the cme. Edward lawrence, Hillary Vaughn covering numerous tech hearings on capitol hill. Lets begin with gerri willis, all the days goings on on wall street. We thought we could finish on another record high. Didnt quite make it. Didnt happen.
That was a reference to ilhan omar and the president s earlier tweet to that effect, send her back. He did not respond to that chant last night. Heres my bottom line. That was a powerful and well targeted opening barrage in the 2020 campaign. Youll hear more of it in just a moment. As for your money, look at netflix, way down this morning after it reported a decline in subscribers in the United States. The stocks up 10 . Huge drop. Ibm reported late yesterday. Not doing well in the allimportant Cloud Business. The stock premarket, no change. But ebay, that is doing well, rising sales always helps and ebay is up 5 . As for the overall market, its digesting these earnings reports and the continuing standoff with china on trade. No movement there. The dow is going to be down 50, s p a small loss, the nasdaq down about seven. Okay. Stay there, please. You are going to want to hear the president. He was breathing fire last night. Varney company is about to begin. A vote for any democrat in
Open their doors this september right in time for the 2020 president ial Campaign Season news of this bizarre tag team comes hot on the heels of the recent open letter signed by 19 of the richest people in the United States including Abigail Disney entrepreneur nick hanauer and soros himself asking for busy a bed rule wealth tax on the richest 110th of the richest one percent of all americans. What in the hell is happening to our billionaires asking to be taxed heavily and calling for an end to the u. S. Military adventures in interventionism. Lets find out just what parallel universe weve now entered as we start watching the hallmarks. One would you treat the threat like real that this would be. As it were the plot of. The day like you know i got. Was that we. Were. There. Because i. Was one of the watching the hard side of the world and and half of the other. Whoa whoa are you real now because the world i am merely now is a figment of Government Action so george soros and charles koc
Night, more specifically the president of the United States, and, the iranian mullahs there, now of course, being fingered by the president not knowing meaning of word, nice, insulting statements. He says no more john kerry and barack obama. That is just for starters. Blake burman with the latest from the white house. Reporter you had dueling comments coming out of the president s of iran and president of the United States. First from iran, iranian president rue hassan rouhani. The iranian president called those sanctions quote, outrageous and idiotic. He also shot down the idea of any potential future negotiations between the nations adding, quote, they tell us to negotiate with them. If you are truthful and want to negotiate, why do you sanction or foreign minister at the same time . It is obvious that you are lying. Well that clearly caught the attention of President Trump as he took to twitter and fired right back, threatening at one point obliteration, saying quote, irans very ign