To lift tariffs in phases as the deal makes forward progress, but it may not get signed until december. The bank of england could cut growth and inflation estimates parties the u. K. Major suffer highlevel resignations. Commerzbank cuts its outlook. Good morning, matt. We need to talk about these latest headlines coming through on trade. They certainly move the market narrative. Matt they really are moving the market. Futures were little changed just about 30 minutes ago when these headlines came across. They jumped more than 0. 5 . Take a look at equity index futures. You are going to see big gains wherever you are trading. Futuresfrench, london, are all higher. If you look at u. S. Futures, you are going to see a very positive picture. After these headlines come out, certainly looks like it is going to be a risk on day. That may not be the case for Commerce Bank. Im here in frankfurt to talk to the cfo of commerzbank, stephan engels. It seems as if every time i interview him, he is a
[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
[inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to order. The gentleman from colorado is recognized for five minutes. The other coloradan. Thank you for repeating today. Thanks for your testimony today. I just want to lock one thing down where i i heard to make answers from your earlier. Ms. Maloney was kind of going through a list of regulators, and wanted to know if you would wait for their approval, and she went to a whole laundry list of them and your answer was, for the parts that apply yes, yes,e going to go and seek their approval. Her used the word seek their approval. Other times you said we will get their approval. So just from facebooks standpoint, are you willing to seek the approval or are you going to wait for the approval before anything is launched . Congressman, it is the latter. Thank you for the opportunity to clarify that. We are not going to launch anything until we get the approval. I also, if its okay, want to
Without objection the chair is authorized today declare a 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, were here to examine the impact of facebook on the Financial Services and housing sectors. Our sole witness is facebooks chairman and ceo, Mark Zuckerberg. Facebooks plans to create a Digital Currency, libra, and a digital wallet raise many concerns relating to privacy, trading risk, 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 development of this Digital Currency, libra, and digital wallet until congress can examine the issues associated with a Big Tech Company developing these Digital Products and take action. As i have examined faceboo
We will now proceed with Opening Statements. I wish you all a good morning and welcome to the fourth hearing in the economic Emergency Management subcommittee. One of the purposes of this committee is to protect taxpayer dollars by ensuring they are spent effectively, efficiently and with transparency. That brings us to todays hearing which is entitled landlord and tenant. You can tell from the title that today we will be investigating fairly unprecedented situation. The federal government owns the building that houses President Trumps d. C. Hotel hotel. Since President Trump has declined, he is essentially acting as both the landlord and the tenant. Before i was elected to congress , over three decades Teaching College students about American Government and politics. Serious discussions about the legislature holding the executive Branch Accountable to the highest legal and ethical standards and that is exactly what we hope to do today. First lets start with some facts. All federal wor