Photography group can come to as well. Without objection, chairs authorized to clear recessed committee at any time. This hearing is titled the Federal Reserves semiannual Monetary Policy report. Not the most inventive title, but traditional. We call Humphrey Hawkins up. Without objection, all members will have five legislative days within which to submit extreme material to the chair for inclusion in the record. I will note the outset of this hearing has a hard stop at 1 00 p. M. , which we will strictly observe. The chair would further announce to Committee Members that the chairs intention is in the second week we return in july, well have a markup, and that markup will include two important bills. One is giving Digital Assets a Market Structure, and federal regulatory we met, and the second is a federal stable coin regime. It is the intention of the chair to have that as a, two pieces of our Committee Markup in the second week we return in july. I now recognize myself for four minu
Photography group can come to as well. Without objection, chairs authorized to clear recessed committee at any time. This hearing is titled the Federal Reserves semiannual Monetary Policy report. Not the most inventive title, but traditional. We call Humphrey Hawkins up. Without objection, all members will have five legislative days within which to submit extreme material to the chair for inclusion in the record. I will note the outset of this hearing has a hard stop at 1 00 p. M. , which we will strictly observe. The chair would further announce to Committee Members that the chairs intention is in the second week we return in july, well have a markup, and that markup will include two important bills. One is giving Digital Assets a Market Structure, and federal regulatory we met, and the second is a federal stable coin regime. It is the intention of the chair to have that as a, two pieces of our Committee Markup in the second week we return in july. I now recognize myself for four minu
Stoxx 600 after a selloff in Technology Stocks. Meeting, we understand that russia and opec will extend their production cuts. Eurodollar, im looking at that, also pound. Maybe finding an agreement. With some of her possible coalition partners. Later on, we talk italian banks and risk with claudio costamagna. Interview yousive dont want to miss as well. Minouche shafik joins us in her first tv appearance since leaving the boe. I, we will talk with the socgen chairman. Lets get to the bloomberg first word news. Nejra u. S. President donald trump has nominated Marvin Goodfriend to be a governor of the Federal Reserve. A professor at Carnegie Mellon university and a former director of research at the richmond said goodfriend has served on an independent panel of economists known as the shadow open market committee. Opec and russia are ready to extend their Oil Production cuts until the end of next year to ensure global stockpiles keep falling. Viennang to delegates in , all opec members a
Replacee house could Rex Tillerson with cia chief mike pompeo, according to people familiar. Less than half an hour till the european open. Lets look at where futures are trading. The indications are that we will have a positive open on the butinent, a drop in london, really very little change as you can see. 01 on the1 dax futures. Anyones guess. Lets look at the gmm screen. Yesterday, there was a lot of Movement Across Asset Classes. If you look at equity indexes, the s p 500 had a fantastic way because it looked like there was going to be Real Progress on the tax reform debate until the evening last night when we hit stumbling blocks. The markets were bullish into 500. 8 , the ftse was down. 9 . We saw such a strong pound yesterday. Currencies, the Canadian Dollar is a gainer up. 25 against the greenback. The Swedish Krona a big gainer and the bloomberg dollar index down against all of the pairs we look at. You will see that theme throughout markets today. Dollar weakness. Lets see
It has been make sense to me. Matt as bitcoin surges, suddenly everybody is paying attention. It seems to me at all to be outlawed. The business or any socially useful function. I think it is more likely these digital coins move into the mainstream. Bitcoin is undoubtedly a bubble it is not for me, but there are a lot of things that were not for me in the past it worked out very well. Matt that is all straight ahead on bloomberg best. Matt hello and welcome. I am matt miller. This is bloomberg best, your weekly review of the most important Business News analysis and interviews from Bloomberg Television around the world. The week began in the midst of the years most critical days for u. S. Retail. The Pivotal Moment between black friday and cyber monday. We are passed black friday, and the cyber monday and everybody wants to get a scorecard on how retailers are doing. For brickandmortar and ecommerce. We look at the last 10 days before the holiday. That would be thanksgiving and black f