Washingtons partisan battle. Joining us now is bloombergs chief content officer marty schenker. Many people thought this was an inspired choice. It ticks so many boxes. Just your sense of what this means for how washington is now going to operate. Martin i wouldnt describe it as necessarily inspired. It is an inspiring lee safe inspiringly safe choice because she is so wellknown on both sides of the aisle. I think she will have a relatively easy time getting confirmed. She is a traditionalist in many ways. She has been at the fed. Shes been at the white house. Shes a great believer in consensus. I think that is what you are going to need with the incoming treasury secretary. Alix nonetheless, it is the first woman treasury secretary, the first woman to lead the fed. This is definitely in that respect a boulder choice. However, how do the progressives feel about her . Marty i think they are very supportive. There is reporting out there that Elizabeth Warren was the person who recommende
Breaking details out of those very offices where the meetings happening. The deadly pandemic exposing a major need not just for relief, but for Contactless Payments and an economy dependent nowadays on digital retail. The ceo of Global Payments is here on his companys blockbuster new tieup with the king of online retail. That would be, of course, amazon. Frightening news from royal caribbean. Suspending voyages through halloween but weve got the celebrity chef who cut his teeth and ingredients on the high seas. Find out how Food Network Star Robert Irvine known for his brutal british edge, how hes opening his heart to help restaurants do the impossible right now. That is to stay afloat and reopen safely. Its a fox business exclusive. Hes here live. Is microsofts tiktok tango still dancing to the merger music . And that damage from yesterdays storm, it almost hit my house. We will show that to you. Less than an hour to the closing bell, lets start the claman countdown. Liz breaking news
The real surprise was the pathetic action in the slowdown stock. We got powerful evidence the Global Economy is deteriorating and the stocks that should be rallying, they rolled over let me walk you through this one. Last time we got devastating news from basf its a german enterprise thats the Largest Companies on earth they make pesticides, consumer products, practically everything it was a very, very big deal when this Gigantic Company said they might need to slash the fouryear earnings forecast by 30 . Ouch what did they site for the outlook . Weak car sales and crop sales and our trade war with china it was a truck back and also a powerful reminder the trade conflict hurts more than american and Chinese Companies the damage is spilling all over the rest of the world. Now we got real concern, real reason to be worried while the Federal Reserve believes business is strong, something that chief powell might opine upon, the weak forecast from chemical giant basf suggestions that the Gl
[inaudible conversations] [inaudible conversations] come to order. Without objection the chair is authorized to declare a re cess for the committee at anytime. Entitled bureaucratic overreach for Consumer Protection. Examining the cfpbs latest action to restrict composition in the payments. Without objection all members have five legislative days to submit extraneous materials for inclusion in the record. I want to recognize myself for five minutes to give an opening statement. Todays hearing, bureaucratic overreach or Consumer Protection, examining the cfpbs latest action to restrict competition in payments in my view is critical to talk about this large participants in the general use of Digital Consumer payment applications market. This is the sixth lpr that the cfpb has initiated. And putting aside the egregiously period which frustrates both members of this committee, the deeply flawed cost benefit analysis which are both have become hallmarks of this administration, i find the su
Cspan is your unfiltered view of governnt funded by these Television Companies and more, including mediaome. At media, we believe that whether you ver here, or in the little of anywhere, you should have access to fast reliable internet. Thats why were leadinghe way taking you to 10 g. Mediacom supports he spent as a Public Service along with these other Television Providers giving you a front row seat to democracy. Up next, financial and Technology Stakeholders share their thoughts on the proposed rule to regulate payment apps and digital wallets. Backers say it is necessary to protect consumers, while opponents say the rule is too broad and could limit competition. The houseo hours. [indiscernible conversation] the committee on digital access, Technology Without objection, the chair is authorized to clear a recess at any time. This hearing isâ– nn1 titled bureaucratic overreach or Consumer Protection, examining the latest action to restrict competition in r protection, examining the c