Volatility . Time now for global exchange, where we bring you todays market moving news from all around the world. From london to frankfurt, beijing to hong kong, bloomberg voices are on the ground with this mornings top stories. Want to start in hong kong, where the high court is set to allow the government to reinstate a law banning protesters from wearing facemasks. Earlier in the week, the court ruled this very law unconstitutional. Or Bloomberg China editor leigh joins us on the phone. Came after chief executive carrie lam imposed this mask ban last month by invoking a colonial area Emergency Powers for the first time in a halfcentury. The court struck it down earlier this week and said it was unconstitutional. It has been flouted by protesters who continue to wear masks to shield their identities from police. This comes ahead of sundays district elections here. They are not only a lowkey offense come up at time they are happening after more than five months of protests and a coup
Order. Without objection, the chairs authorized weight recess of the committee at any time. This hearing is entitled oversight of the security and Exchange Commission. I inaudible recognize myself for four minutes with an Opening Statement. Good morning. I want to welcome back chairman clayton and welcome jackson,s placement and lee to this important hearing of the secs role in risk Capital Markets. Its the First Time Since 2007, that all commissioners at this Exchange Commission have testified before the Financial Services committee. I believe it is important for the committee to hear testimony from each of the commissioners including as chairman, because he told the vote of important rally authority in these matters. They are unique reviews that the committee should be aware of. This is especially important steps that the sec is not fulfilling as wall street calls and key rules like the open rule and the rollback and our moves to implement employment reforms on issues like executive
And discussions agencies priorities including senator training and distinction over cryptocurrency. He testified before the House Financial Services committee. The committee will come to order. Without objection, the chairs authorized weight recess of the committee at any time. This hearing is entitled oversight of the security and Exchange Commission. I inaudible recognize myself for four minutes with an Opening Statement. Good morning. I want to welcome back chairman clayton and welcome jackson,s placement and lee to this important hearing of the secs role in risk Capital Markets. Its the First Time Since 2007, that all commissioners at this Exchange Commission have testified before the Financial Services committee. I believe it is important for the committee to hear testimony from each of the commissioners including as chairman, because he told the vote of important rally authority in these matters. They are unique reviews that the committee should be aware of. This is especially im
Ends of the week. Sr the a p and nasdaq all the s p also finishing down. Political turmoil in washington can delay the president s plans for tax reform. The white house disclosing a plan that would balance the tbhijt a decade, but it would entail deep cuts to many programs including food stamps and medicaid. A global cyber attack left businesses, banks, scrambling to protect its files. One Company Caught up in this, the media giant disney. The hackers threatening to release pay roots of the caribbean. The ceo says they refuse to pay ransom. Maria some investors are wondering if the economy will be Strong Enough for the Federal Reserve to raise Interest Rates two more times this year. Joining me is the former Federal Reserve chairman and the author of courage to act. There is an expectation the Federal Reserve will continue raising Interest Rates. But whats your sense of the economy. A lot of people are wondering and questioning whether this is Strong Enough to see a spring of Interest
Stocks did bounce back at the ends of the week. Sr the a p and nasdaq all the s p also finishing down. Political turmoil in washington can delay the president s plans for tax reform. The white house disclosing a plan that would balance the tbhijt a decade, but it would entail deep cuts to many programs including food stamps and medicaid. A global cyber attack left businesses, banks, scrambling to protect its files. One Company Caught up in this, the media giant disney. The hackers threatening to release pay roots of the caribbean. The ceo says they refuse to pay ransom. Maria some investors are wondering if the economy will be Strong Enough for the Federal Reserve to raise Interest Rates two more times this year. Joining me is the former Federal Reserve chairman and the author of courage to act. There is an expectation the Federal Reserve will continue raising Interest Rates. But whats your sense of the economy. A lot of people are wondering and questioning whether this is Strong Enoug