The Senate Banking committee yesterday held a hearing on Digital Currencies and how they should be regulated. Well hear from witnesses from a Financial Services company, the Congressional Research service, and a law professor. This is about an hour and 25 minutes. This hearing will come to order. Last congress, this Committee Held two hearings examining the Digital Currency ecosystem. In those hearings we heard about some of the development that is have occurred within the Digital Currency marketplace since the creation of bitcoin in 2008. The potential benefits of Digital Currencies and the concerns about the value stability, fraud, and illicit uses, market manipulation, and privacy. Since then, facebook announced its intentions to launch a block chain system, lee bra, that will be comprised of financial and nonfinancial members including facebooks digital wallet service. Facebook including how they interact with u. S. And International Regulatory frameworks, the potential benefits an
We are drifting slightly higher. Dollar seems to be a little bit stronger on the back of asia fx. Continuing to price larger when it comes to sovereign yield. You look at the two, the five, the 10 and the 30 and where they have gone. It suggests that markets have been pairing back what many people have said a little bit more extreme expectations of the fed. Are they going to cut 50 basis points and will it make sense . This is where we are on the two and the 10 and sterling is under pressure. Yvonne twoyear low under the pound here after weak data when comes to retail sales and Boris Johnson on the nodeal brexit. We saw yields pick up after the inflation data. Take a look at the terminal chart. P. T. I. Prices were flat, zero and c. C. I. Prices basically unchanged at 2. 7 is what we saw as well. Continuing to show how deflation is coming back to china. A lot of headwinds here on what the factories are going to do here and how he is going to see or expect to see more factories close in
About talks. When the chips are down, intel is reviewing its Global Supply chain and we have an interview with the ceo. We saw tech stocks really weighing on the market as chipmakers tumbled the most in almost a month. The s p 500 paired back earlier declines but finished lower. 2 . Radcom weighing on the index trailed. Y we also have positive u. S. Retail sales and manufacturing data query that undermined the case for a more dovish fed. We are seeing u. S. Futures up. 1 . Lets see how we are shaping up. Sophie asia markets facing headwinds kicking off a big week for centralbank policy. The boj and boe. Ecisions from taiwan futures looking mixed ahead, but. Ower for soul you may stocks slipping after a fourday game. On the central bank runs no changes expected from the boj but economists see a rampup in easing measures as the next step of yen strengthening. It is Holding Steady while the kiwi dollar looking to tap a trend line with down pressure building amid slowing concerns. Obsessiv
Here now and now we have a standoff so its going to be interesting to see how the u. S. Response and how the u. S. Population responds or if theyre staring at the moon or staring at the finger or giving the moon the finger you know thats interesting to see how the u. S. Response you know the u. S. Is a plucky group of rugged individualists that have come through tough times before and will see what resources can be pulled one of us through it well we have pulled through other stuff in the past and crazy periods in civil war isnt and mass of the salem witch trials and we you know the mccarthy era and it seems a little bit like that right now that there is hysteria in the elite class because they dont know how to deal with whats going on in the world in the meantime the u. S. Dollar serves as the worlds reserve currency and is used for pricing in trade by a majority of nations around the globe however americans have decided to weaponized. Dollar gave stated making any transactions betwee
They dont know how to deal with whats going on in the world in the meantime the u. S. Dollar serves as the worlds reserve currency and is used for pricing in trade by a majority of nations around the globe however americans have decided to weaponize the dollar gave stated making any transactions between 2 nations susceptible to u. S. Action or scrutiny this is a big loss of sovereignty for other nations he said and chinas taking the lead in forming an alternative trading currency to the dollar weve talked to Alison Mccleod here and i think that hes right that it doesnt matter about the currency this guy charles gave actually looks set for example that you know that chinas trying to price the oil and remember and that is not what matters what matters is settlement of the trade where the settlement to the trade happens and as brad sherman a congressman from los angeles points out is that the all trade settles to the new york fed and that is important it doesnt matter what currency it is.