[inaudible conversations] [inaudible conversations] is recognized for five minutes. Thank you. Mr. Zuckerberg, thank you for being here today and i want to thank the chairwoman for having this hearing. Youve said a lot of things today that couldnt have been said during the last hearing. Your responses to questions has been very district and very helpful. Thank you for that and thank you very much for being here. I just had a few quick questions about the Libra Association. On the website, one of the benefits before mr. Marcus appeared before our committee was that those contributing, who joined the association, could derive dividends from libra investment tokens and thats since been taken off. Could you elaborate on that . Sure, congressman, i think that there had been an idea that in order to encourage marketing of the payment service, that there might be some investment that other companies could make into this and some return that they could make, but i think that that idea has eith
The middle east, in the midst of these ancient sectarian and tribal conflicts. After all of the blood and treasure america has poured into the deserts of the middle east, i am committed to pursuing a different course, one that leads to victory for america. Through much work, we have done things that everybody said couldnt be done. Todays announcement validates our course of action with turkey that only a couple of weeks ago was scorned and now people are saying, wow, what a great outcome, congratulations. Its too early to me to be congratulated. But weve done a good job. We saved a lot of lives. Most importantly, we have avoided another costly military intervention that could have led to disastrous consequences, many thousands of people could have been killed. The last administration said assad must go. They could have easily produced that outcome, but they didnt. In fact they drew a very powerful red line in the sand, you all remember, the red line in the sand, when children were gass
Warrens socialist policies. Highly destructive to your Retirement Plan so just watch out, on the show today. We will say the same thing about gamestop. The video Game Retailer down and almost out. You stream games these days, dont you . Dave busters, watch out. They predict a sales decline. Ouch, not good when we are spending more and more on eating out. The stocks way down. As for apple, the big news there is cheap streaming, 4. 99 a month and a cheaper phone, 700 for the new mass market iphone. Investors just shrugging it off. Yes, it is september 11th. 18 years on. We all remember. Varney company is about to begin. Stuart lets start with money. We are going to go up at the opening bell today. Futures are flat to slightly higher. Look, 44 up for the dow, 14 for the nasdaq. Do Pay Attention to the dows level, 26,938. That means its about, what, 400 points from the alltime high. Flat to slightly higher this morning. North Carolina Republican dan bishop wins the special house election.
Impact the broader crypto market. From trump, to owe walmart, to zuckerberg. No one is safe from doctored videos that are so good that you cant tell they are fake. One company says it can. First to our stop story. Big Tech Companies were back in washington monday, but not to discuss crypto currency or antitrust, trumps top advisor and treasury secretary called a meeting to talk about the impact of the trade war with china. One stood out. The administrations fight against that and whether the ban should stan. Representatives from microsoft, intel, qualcomm and more. To discuss in d. C. , we have jenny. What is the latest we know about this meeting . Who was there and what was discussed . What we know is that the meeting was called basically to hear a view from the business perspective of this whole debate. Do hear a lot about the fight from the hawks in the administration and on the hill who are in favor of a total decoupling of supply chains. This is the companies opportunity to make t
Silicon valley. Ripples ceo has called Facebooks Libra pitch to lawmakers somewhat presumptuous. We ask how the controversy is impacting the broader Crypto Market. But first to our top story, it is big techs turn, facebook, tesla, alphabet, all reporting secondquarter earnings. Amazon and alphabet reported results thursday. For alphabet it was all about sales and regulation. Our guests weighed in. If you look at the way google gets revenue, about 85 of revenue at google is coming in from the ad business. I think, given the competition they will be facing, you do not want to be in a spot where you have north of 80 of revenue coming from advertising. So i think that they are going to place a bigger emphasis on the Cloud Business. How much success are they going to have . It is hard to say. They have not been able to get out of that third slot, as you have said. They are facing massive competition against microsoft and amazon, who have had a lot of success and who do put significant dolla