Fallers in the fitsy 100 says a lot of work to be done to get a deal. The u. S. Pulls last troops from syria President Trump threatens powerful sanctions against ankara well, our top story this morning and the top story for markets, a very substantial phase one deal is how President Trump described fridays tentative trade agreement between the United States and china. Mow the first part of whats expected to be several phases of negotiations covers areas like agriculture, currency and intellectual property. The president also agreed to suspend raising tariffs to 30 on 250 billion worth of chinese goods. While both sides agree progress has been made, the pact is yet to be officially written and could take weeks to finalize now President Trump praised china following the agreement and said the deal is fair for both sides weve been through a very tough negotiation. Theres never been a negotiation like this. In all fairness, i give china tremendous credit for 25, 30 years theyve done very w
Work here. There will be some work at the network level. The architecture of the system itself that supersedes all of the individual work the countries are doing to implement this. And then the members of the associations who are transacting using the Payment System will be responsible themselves for implementing and following those rules. Have a big effort to verify identities and authenticate them. We do this today if someone wants to run political ads or run a large page. I appreciate that but a , is goingth facebook to go in. Your major hack for millions of users that have gone through what assurances will actually be in place to make sure users with the most Sensitive Information in terms of finances, will be protected. Thanks. Erberg the Payment Information that people share is stored separately from other information in our services and all of our information is stored securely. This is especially secure. I do not think we have had an issue with this today. We do take payments f
[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
Investors wonder if jpmorgan or softbank will rescue the company. And cryptocurrency crusader. Facebooks david marcus sits down with us to talk about the embattled libra Digital Currency project as well as regulatory hurdles. Tech earnings started in earnest this week with netflix being one of the most highly anticipated. The streaming giant impressed wall street amidst stiffer competition. Growth contributed to a positive report despite u. S. Subscribers falling short. Revenue climbed 31 to 5. 2 billion. I dug into the details with bloombergs lucas shaw. I think this story is that investors were clearly worried netflix would have another bad quarter. They disappointed in the second, they added a few million customers fewer than expected, and investors expected another bad one. One i spoke to said that sentiment was awful. Yet they come in right around expectations. They missed in the u. S. , but they were above internationally and that is where they have been telling people for years
Whether or not you intend to have libra and your digital wallet register in each of those countries. So that there would be a regulatory oversight. What we have found is an amount of individuals we have interest in the under bank. We are interested in those who are not bank. Those individuals who are supposed to be pay more than anybody else. We have institutions here. Minority depository institutions. If you want to show that you are doing the right thing, with all of the money you have, you can do it here in the United States and other places also. That is an answer you should know. I urge you to go back and find out. I would guess that there are zero dollars there. You should thereby then look at your policy and change it. Louder thans much words. You do have a trust factor. I met with a lot of your investors who are all pulling out of libra. Lets look at the news. The other thing that is important to me is our democracy. Democracies around the world. You tell me, when you look arou