Currency, shareholders protections and climate related financial disclosures. This is an hour and a half. Today we will receive testimony from the securities and Exchange Commission jay clayton regarding the work and agenda of the sec. I thank you for your willingness to appear before the committee today, mr. Clayton, your willingness to testify is essential to our oversight of the sec. The mission of the sec is to protect investors, maintain fair, orderly and efficient markets and facilitate capital formation. It plays a Critical Role in ensuring that our nation has Capital Markets that the public can have confidence and trust in and for investors as americans prepare for their futures they may not only have a wide variety of financial opportunities, but they also have the information necessary to make informed investment decisions. Chairman clayton, you came before this committee a year ago and assured us that you would continue to take steps to ensure that the u. S. Capitol markets
Members question the fcc chair about Digital Currency, shareholder protection and climate related financial disclosures. This is an hour and a half. Today we will receive testimony from security and Exchange Commission chairman regarding the wor they will testify hes going across the of the sec. I think if youre willingness to appear before the committee today. Mr. Clayton, youre willing to testify is essential to our mission at the sec, which is to maintain fair, orderly and efficient markets and facilitate capital formation. It plays a Critical Role and ensuring that our nation has Capital Markets so that the public can have confidence and trust in. It provides information to investors that that as americans prepare for the futures they may not only have a wide variety of financial opportunities, but they also have the information necessary to make informed Investment Decisions. Chairman clayton, you came before this committee a year ago with assures that you continue to take steps t
Across the of the sec. I think if youre willingness to appear before the committee today. Mr. Clayton, youre willing to testify is essential to our mission at the sec, which is to maintain fair, orderly and efficient markets and facilitate capital formation. It plays a Critical Role and ensuring that our nation has Capital Markets so that the public can have confidence and trust in. It provides information to investors that that as americans prepare for the futures they may not only have a wide variety of financial opportunities, but they also have the information necessary to make informed Investment Decisions. Chairman clayton, you came before this committee a year ago with assures that you continue to take steps to ensure that the u. S. Capital markets remained the deepest, most dynamic and liquid in the world, and actions worth mentioning include the secs final role package on regulation and best interest which strikes the appropriate balance of increased transparency at investors
Yields keep on creeping up. This is the position we find ourselves in. We were looking for 1. 7 not long ago. The yen is weakening in the broad face of what has been Dollar Strength out there. Thai baht unchanged. Not surprising. Interest Rate Decision later on today. Possibility of another 25 basis points being cut. Cny sub seven, that is why we wanted to bring this up. Just edging stronger it would seem. Ourselves with the rally taking place which also petered out in the u. S. , though we had record highs for a couple of the indices, but it was a mixed bag overall is there also a sense that we could end up with a positive feedback loop as people have this fear of missing out on the rally . Lots of first word news telling us about the world. Here is su keenan in new york. Su we start with robert kaplan. He has told bloomberg that hes comfortable with the recent steepening of the yield curve, saying it is a sign that fed policy is in the right place. Hes previously voiced concern about
[inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to ord order. [inaudible conversations] [inaudible conversations] [inaudible conversations] without objection the chair is authorized to declare recess of the committee at any time. This hearing is entitled an examination of facebook and its impact on the Financial Services and housing sectors. I now recognize myself for five minutes to give an Opening Statement. Today we are here to examine the act of facebook on the Financial Services and housing sectors. Our sole witnesses the facebook chairman and ceo, Mark Zuckerberg. Facebooks plan to create a Digital Currency, libra, and a digital wallet raised many concerns relating to privacy, trading risks, discrimination, opportunities for diverse owned financial firms, National Security, Monetary Policy and the stability of the Global Financial system i and other democrats have called for a moratorium on facebooks