Individual stocks literally minutes from now. All right. Watch out, google. Peter thiel is coming after you and so is the president. Thiel appeared with Tucker Carlson last night. He wants the fbi and cia to investigate. He implies google is a National Security threat. He thinks china wants to infiltrate googles Artificial Intelligence operation. He offered no evidence of that infiltration. Now, thiel is a very powerful man and the president has been listening. About investigating the company, the president tweeted the administration will take a look. Googles stock this morning, this tuesday morning, premarket, down eight bucks at 1142. Watch out facebook and its libra currency. The treasury secretary has quote, very serious concerns about its use by terrorist financiers and drug dealers. Theres a hearing about it on capitol hill this morning. Facebooks stock this morning premarket is down only a fraction. A mere fraction. Is this a joe biden gaffe . Hes made promises about his Health
Economy. Contrasting fortunes. Jp morgan cuts its fullyear forecast. Goldman sachs revenue bucks wall street trend. Shery later in Bloomberg Technology global link, we will be talking about the showdowns in washington facing Silicon Valley. Lets get a quick check of how the markets closed in the u. S. Regulatory scrutiny in congress being felt across the market as tech stocks underperformed in todays session with the s p 500 now holding the fiveday rally. We had President Trumps comments on tariffs dampening sentiments as well. Tech giants took a hit. We had Energy Producers leading some of those declines as we continue to see the selloff in oil markets. We had u. S. Bank earnings. They little bit mixed. Goldman sachs managed to jump after beating the unit. We had some strong data out of the u. S. When it came to retail sales. That sent yields higher but at the same time, chair powell speaking in france about taking appropriate measures to deal with the economy. That led to the yield l
Facebook has announced plans for a new Digital Currency, called libra. David marcus testified for the House Financial Services committee. The committee will come to order. The chair is often recess of the committee at any time. This is entitled based proposed crypto currency an impact on consumers, 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 have
Test. Test. Test. Test. Thank you very much for your service, sir. The gentleman from missouri, mr. Clay. Theres also the chair for the subcommittee on housing, Community Development, and insurance, recognized for five minutes. Thank you, madam chair. And mr. Secretary, lets discuss the wellston, missouri, Housing Authority, which hud has had in receivership for the last 22 years. As you are aware, there is a planned demolition of a number of units, which will displace tenants, uproot lives, and cause utter confusion in those lives. Children will be forced to change schools, and some parents will have drastic changes to their life and work schedules. As you know, we are looking at several options, which we have discussed, including the grand families concept and section 202 housing. Could you please walk us through a displacement such as this and tell us what does hud do to serve the Affordable Housing needs of these residents and ensure that they have access to safe, affordable, and m
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