[inaudible conversations] good morning, everyone. Good morning. Our team is here. The subcommittee on Capital Markets and gics will be hereby called to order. Todays hearing is entitled continued oversight of the secs offices and divisions. Without objection the chair authorizes a recess of the subcommittee at any time and also without objection, members of the Financial Service committee who are not members of the subcommittee may still set and participate in todays hearing. At this point i will now recognize myself for three minutes for an opening statement. So today the Sub Committee will continue efforts to conduct vigorous oversight of the ics sec and the individual offices that make up the sec. The last years are subcommittee has heard testimony from directors of trading and market, corporations by its enforcement and Investment Management division of the sec. These hearings have allowed us to take a thorough look at the agencys operations, rulemaking agenda, enforcement practice
Global tax rules that could squeeze profits. First, to our lead, the man who cofounded and rent twitter and ran before being ousted in 2008 is back on the job for good, at least for now. Twitter, naming jack dorsey its permanent ceo. He remained ceo of mobile payment firm square that is expected to go public this year, this despite the board saying they wanted someone who could commit fulltime. Dorsey made the case on twitter, and he did it in a series of tweets, saying i have been ceo of both companies for three months now. Strongest smartestk, members in the world on my team. Meantime, twitter director and head of the ceo search peter currie said today, over time, it became clear to us jack was not only meeting but surpassing our expectations of him as interim ceo while running square. Joining me now in studio, in our new studio, john patel, chairman and cofounder of newco. Weve got Adam Satariano who has been covering twitter for us, as well as victor. I want to start with you, john
And giants like Facebook Google get ready for new local tax rules that could squeeze profits. First, to our lead, the man who cofounded and rent twitter before being ousted in 2008 is back on the job for good, at least for now. Twitter, naming jack dorsey its permanent ceo. Mobileined ceo of payment firm square that is expected to go public this year, this despite the board saying they wanted someone who could commit fulltime. Dorsey made the case on twitter, and he did it in a series of tweets, saying meantime, twitter director and head of the ceo search peter currie said today, over time, it became clear to us jack was not only meeting but surpassing our expectations of him as interim ceo while running square. Joining me now in studio, in our new studio, john patel, chairman and cofounder of newco. Weve got Adam Satariano who has been covering twitter for us, as victor. I want to start with you, john. What is your reaction . everyone was wondering if this was a threemonth job tryout,
Of zika virus are reported across the u. S. Territories. Prices on condoms have been frozen after two new cases of sexual transmission of the virus in texas. People watching saturday night live this weekend may think they are seeing double. The Bernie Sanders Campaign Says he will be in new york for an appearance on snl. Larry david will be hosting. He does a spot on impersonation of the senator. Nbc denied to comment. Global news 24 hours a day powered by our 2400 journalists in more than 150 news bureaus around the world trade from bloomberg World Headquarters in new york, i am mark crumpton. Emily im emily chang, and this is bloomberg west. Coming up the nasdaq closes deep in the red after a week of wild stock moves. Linked in losing 7 billion in value. U. S. Jobs, painting a rosy picture. Is Silicon Valley a net job creator . We dig into the numbers and talk about what is missing from the jobs report. Twitter tells us it is suspending accounts associated with terrorism. Will the Te
The justices will take up gay rights cases that asked them to overturn bans and declare to the entire nation whether people can marry the partners of their choice, regardless of gender. The decision is likely to come in late june and could bring gay marriage to 14 additional states where it is now illegal. Citigroup, the Worlds Largest currency dealer, lost 150 million after the swiss Central Banks move. The losses on the thanks trading desks are not related to banks trading desks are not related to [indiscernible] samsung approach the company about an acquisition. Quote, i talked to him yesterday and he said it is a rumor. Theres no truth to it. Earlier this week wenders approached reported that samsung approach like very blackberry. Now to the lead, to Silicon Valley, the stunning decision of the Swiss National bank. It has caused major turmoil in the markets. It is about to have a major impact on the business of selling technology. A handful of important Silicon Valley companies dep