Investors, and the American Financial system. I will now give an Opening Statement for five minutes. Today we are here for a hearing on its books proposed Digital Currency, libra, and digital wallet, and the impact on consumers, investors, and the Financial System. David marcus, following his testimony, a panel of experts will share their views on this book plans, is there are serious concerns about the creation of a Digital Currency and digital wallet to expand its reach, like mastercard, paypal, visa, uber reggie lyft rideshare, and specify. Is trying to create a new global fund to rival the us dollar this venture is slated to be based in switzerland, which has a history of creating a haven for criminals and shady corporations. This plan includes serious privacy training, and monitoring of policy concerns. With 2 billion users, will have immediate access to these products, but also from consumers, festers, and the global economy. In addition, facebook has proposed government guarante
At buy at mizuho. Mcdonalds higher after announcing ceo was going to add the chairman title to his accolades. Despite the excitement surrounding n vidianvidia, the p less than 1 and other chip stocks are lower including a supermicro plans to add more shares. Pharmaceuticals up 100 today. Astrazeneca offering to buy the company for 2 billion plus another 400 million if milestones are achieved. Fusion is working on new ways to target cancer cells. And with just 24 hours until we hear from the fed, that is where were going to start today. So what will the fed do . And when will they do it . The latest cnbc survey showing the economist strategist and Fund Managers polled expect three rate cuts this year with the first coming in june. Our next guest is in that threecut camp, but with a possibility of only two. Lets bring in Steven Stanley you just saw him come in there, didnt you . You saw him shadow. You saw the shadow of Steven Stanley, chief economist. Welcome. Good to have you with us.
Calls for israeli restraint. Ed tesla shares slumping as they plan to cut 10 of their global work force. We have the details. Caroline apple facing increased competition in china in their worst slump since covid. First, we turn our attention to a complex geopolitical and macroeconomic picture being painted today. The head is nasdaq back in the red. We had been pushing higher on stocks, but the bond market is now in full effect with a stronger, more resilient macroeconomic chirp from the United States with retail sales faster than anticipated. On the flipside, geopolitics and the concern over an unprecedented attack in israel and what it means in terms of dialing up or cooling of geopolitical anxieties. Tracking the blue bloomberg Commodity Index down, remember these sanctions on Russian Movement of metals into the lme . Thats been moving around aluminum and other key metals. Complex going on in the commodity space as well, but lets move on as we try to anticipate which way risk assets
Tesla scores better than big with consumer reports. All of that ahead. First, to our lead. Apple, of course. New products coming on september 9. The company sent out invitations to a San Francisco event where it is expected to unveil a new iphone and apple tv box. What else should we watch for . Former apple ceo john scully joins us now. Crawford del prete is with us from boston. And weve got lulu chen visiting us from hong kong, along with adam, who covers apple for bloomberg news. I want to start with the invitation, because it says something curious. Hey, siri, give me a hint. So, we tried that. Hey, siri, give me a hint. Siri you have to wait until september 9. I bet you were one of those kids who snuck downstairs to open your presents early, werent you . Emily of course i was. Its very clever. Adam, what are we expecting . Adam some of the things on tap are going to be an update to the iphone. This will be the speed bump model, where it has an improved camera, a beefedup processor
Senator murphy having come through the experience of newtown, ive had enough. It has been four years. Nothing has been done. Despite the fact that 90 of the American Public wants us to act. Mark senator murphy plea came as donald trump said he would meet with the National Rifle association of the terror watchlist and gun purchases. Nato says it sending a clear message to russia by increasing the number of troops in eastern europe. A Multinational Force will be deployed in poland and the three baltic nations, all of which border russia. From bloomberg world headquarters, im mark crumpton. Bloomberg west is next. Emily im emily chang and this is bloomberg west. Coming up, the fed holds Interest Rate unchanged amid bullets about the economic outlook. We will break down what it means for tech investors. More news from right hailing unicorns. They have all the details on the 28 billion valuation. The latest action from e3 the biggest gaming event of the year. Stay tuned for all the buzz aro